HBTC vs VOO
Fortuna Hedged Bitcoin ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | HBTC | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.97% | 0.03% | |
| AUM | $718,292.02 | $979.0B | |
| Dividend Yield | 0.38% | 1.09% | |
| Holdings | 7 | 509 | |
| YTD Return | -24.77% | +14.48% | |
| 1Y Return | -39.43% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 22.1% | 14.2% | |
| Max Drawdown | -40.5% | -34.3% | |
| Fund Family | Fortuna Funds | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 26, 2024 | Sep 7, 2010 |
HBTC vs VOO Performance
Fortuna Hedged Bitcoin ETF (HBTC) is a ETF from Fortuna Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year HBTC returned -39.43% while VOO returned +22.02%. Year to date, HBTC is down 24.77% versus a gain of 14.48% for VOO.
Risk: Volatility and Drawdowns
HBTC has been the more volatile fund, with annualized monthly volatility of 22.1% compared with 14.2% for VOO. 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 -34.3% for VOO. 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 0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HBTC charges 1.97% per year while VOO 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 0.38% against 1.09% for VOO.
Holdings Overlap
HBTC and VOO 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 VOO?
HBTC has an expense ratio of 1.97% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $194 per year of difference.
Which performed better, HBTC or VOO?
Over the past year HBTC returned -39.43% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), HBTC annualized -16.52% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, HBTC or VOO?
HBTC has been the more volatile fund at 22.1% annualized versus 14.2% for VOO. Worst drawdown: HBTC -40.5% vs VOO -34.3%.
Should I hold both HBTC and VOO?
HBTC and VOO have a monthly-return correlation of 0.41, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HBTC and VOO?
HBTC and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, HBTC or VOO?
HBTC yields 0.38% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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