HBTC vs VOO
Fortuna Hedged Bitcoin ETF vs Vanguard S&P 500 ETF
Which is better, HBTC or VOO?
Multi Alternative against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HBTC | VOO |
|---|---|---|
| Expense Ratio | 1.97% | 0.03%Best |
| AUM | $831,794.61 | $997.4B |
| Dividend Yield | 0.31% | 1.04% |
| Holdings | 7 | 509 |
| YTD Return | -11.31% | +11.55%Best |
| 1Y Return | -22.27% | +17.54%Best |
| 3Y Return (annualized) | - | +20.71% |
| 5Y Return (annualized) | - | +12.80% |
| Volatility (annualized) | 27.7% | 12.2%Best |
| Max Drawdown | -40.5% | -13.6%Best |
| $10,000 over 1.5 years | $9,141 | $13,671Best |
| Fund Family | Fortuna Funds | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Dec 26, 2024 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 19, 2025 to Sep 10, 2026 (1.5 years).
HBTC vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.5 years both funds cover.
HBTC vs VOO Performance
Fortuna Hedged Bitcoin ETF (HBTC) is an ETF from Fortuna Funds and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year HBTC returned -22.27% while VOO returned +17.54%. Year to date, HBTC is down 11.31% versus a gain of 11.55% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HBTC has been the more volatile fund, with annualized monthly volatility of 27.7% compared with 12.2% 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 -13.6% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.35. They move together some of the time, and apart the rest.
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 0.31% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 1 holding in HBTC and 505 in VOO, totalling 45.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 55 days apart, HBTC as of Aug 24, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 1 positions we hold weights for in HBTC and 505 in VOO, against full books of 7 and 509.
You are not choosing between two funds in isolation.
Whichever of HBTC and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $194 a year on a $10,000 investment.
Which performed better, HBTC or VOO?
Over the past year HBTC returned -22.27% vs +17.54% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), HBTC annualized -5.81% vs +23.18% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HBTC or VOO?
HBTC has been the more volatile fund at 27.7% annualized versus 12.2% for VOO. Worst drawdown: HBTC -40.5% vs VOO -13.6%.
Should I hold both HBTC and VOO?
HBTC and VOO have a monthly-return correlation of 0.35, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HBTC or VOO?
HBTC yields 0.31% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than HBTC?
VOO has a lower expense ratio. VOO led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.