SUIS vs. HECO
SUIS (Canary Staked SUI ETF) and HECO (State Street Galaxy Hedged Digital Asset Ecosystem ETF) are both Blockchain funds. SUIS is passively managed, while HECO is actively managed. At a 0.48 correlation, their price movements are largely independent. SUIS charges 0.75%/yr vs 0.90%/yr for HECO.
Performance
SUIS vs. HECO - Performance Comparison
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Returns By Period
SUIS
- 1D
- 2.57%
- 1M
- -1.43%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HECO
- 1D
- -0.61%
- 1M
- -1.79%
- 6M
- 47.65%
- YTD
- 65.28%
- 1Y
- 97.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SUIS vs. HECO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SUIS Canary Staked SUI ETF | -22.89% |
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF | 51.98% |
Correlation
The correlation between SUIS and HECO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 18, 2026 | 0.48 |
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Return for Risk
SUIS vs. HECO — Risk / Return Rank
SUIS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HECO
SUIS vs. HECO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canary Staked SUI ETF (SUIS) and State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SUIS | HECO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.39 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.59 | — |
| Martin ratioReturn relative to average drawdown | — | 13.01 | — |
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Drawdowns
SUIS vs. HECO - Drawdown Comparison
The maximum SUIS drawdown since its inception was -48.70%, which is greater than HECO's maximum drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for SUIS and HECO.
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Drawdown Indicators
| SUIS | HECO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.70% | -44.59% | -4.11% |
Max Drawdown (1Y)Largest decline over 1 year | — | -21.03% | — |
Current DrawdownCurrent decline from peak | -43.72% | -5.67% | -38.05% |
Average DrawdownAverage peak-to-trough decline | -19.86% | -11.35% | -8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.40% | — |
Volatility
SUIS vs. HECO - Volatility Comparison
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Volatility by Period
| SUIS | HECO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.45% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 27.78% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 81.08% | 36.77% | +44.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.08% | 44.24% | +36.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.08% | 44.24% | +36.84% |
SUIS vs. HECO - Expense Ratio Comparison
SUIS has a 0.75% expense ratio, which is lower than HECO's 0.90% expense ratio.
Dividends
SUIS vs. HECO - Dividend Comparison
Neither SUIS nor HECO has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF | 0.00% | 0.00% | 2.61% |
SUIS Canary Staked SUI ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SUIS and HECO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUIS is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUIS is cheaper with a 0.75% expense ratio, compared with 0.90% for HECO.
SUIS and HECO have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Canary and State Street. Their fees differ too: 0.75% for SUIS and 0.90% for HECO.
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