HBTC vs QQQ
Fortuna Hedged Bitcoin ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | HBTC | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.97% | 0.18% | |
| AUM | $701,271.33 | $496.3B | |
| Dividend Yield | 0.37% | 0.44% | |
| Holdings | 7 | 108 | |
| YTD Return | -10.72% | +16.64% | |
| 1Y Return | -21.78% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 27.4% | 30.6% | |
| Max Drawdown | -40.5% | -83.0% | |
| Fund Family | Fortuna Funds | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 26, 2024 | Mar 10, 1999 |
HBTC vs QQQ Performance
Fortuna Hedged Bitcoin ETF (HBTC) is a ETF from Fortuna Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year HBTC returned -21.78% while QQQ returned +27.27%. Year to date, HBTC is down 10.72% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 27.4% for HBTC. 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 -83.0% for QQQ. 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HBTC charges 1.97% per year while QQQ charges 0.18%. On a $10,000 position that is $197 vs $18 annually, a gap of $179 per year that compounds over a long holding period. On income, HBTC currently yields 0.37% against 0.44% for QQQ.
Holdings Overlap
HBTC and QQQ share 0 holdings out of 103 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 QQQ?
HBTC has an expense ratio of 1.97% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $179 per year of difference.
Which performed better, HBTC or QQQ?
Over the past year HBTC returned -21.78% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), HBTC annualized -5.58% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, HBTC or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 27.4% for HBTC. Worst drawdown: HBTC -40.5% vs QQQ -83.0%.
Should I hold both HBTC and QQQ?
HBTC and QQQ have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HBTC and QQQ?
HBTC and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, HBTC or QQQ?
HBTC yields 0.37% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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