HBTC vs IVV
Fortuna Hedged Bitcoin ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | HBTC | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.97% | 0.03% | |
| AUM | $701,271.33 | $907.0B | |
| Dividend Yield | 0.37% | 1.10% | |
| Holdings | 7 | 508 | |
| YTD Return | -15.97% | +12.28% | |
| 1Y Return | -27.44% | +20.94% | |
| 3Y Return (annualized) | - | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 24.4% | 15.1% | |
| Max Drawdown | -40.5% | -56.5% | |
| Fund Family | Fortuna Funds | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 26, 2024 | May 15, 2000 |
HBTC vs IVV Performance
Fortuna Hedged Bitcoin ETF (HBTC) is a ETF from Fortuna Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HBTC returned -27.44% while IVV returned +20.94%. Year to date, HBTC is down 15.97% versus a gain of 12.28% for IVV.
Risk: Volatility and Drawdowns
HBTC has been the more volatile fund, with annualized monthly volatility of 24.4% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -40.5% for HBTC and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HBTC charges 1.97% per year while IVV charges 0.03%. On a $10,000 position that is $197 vs $3 annually, a gap of $194 per year that compounds over a long holding period. On income, HBTC currently yields 0.37% against 1.10% for IVV.
Holdings Overlap
HBTC and IVV share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HBTC or IVV?
HBTC has an expense ratio of 1.97% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $194 per year of difference.
Which performed better, HBTC or IVV?
Over the past year HBTC returned -27.44% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), HBTC annualized -9.53% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, HBTC or IVV?
HBTC has been the more volatile fund at 24.4% annualized versus 15.1% for IVV. Worst drawdown: HBTC -40.5% vs IVV -56.5%.
Should I hold both HBTC and IVV?
HBTC and IVV have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HBTC and IVV?
HBTC and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, HBTC or IVV?
HBTC yields 0.37% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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