HBTC vs VYM
Fortuna Hedged Bitcoin ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | HBTC | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.97% | 0.04% | |
| AUM | $718,292.02 | $79.0B | |
| Dividend Yield | 0.38% | 2.86% | |
| Holdings | 7 | 568 | |
| YTD Return | -24.77% | +16.78% | |
| 1Y Return | -39.43% | +24.43% | |
| 3Y Return (annualized) | - | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | 22.1% | 14.6% | |
| Max Drawdown | -40.5% | -58.8% | |
| Fund Family | Fortuna Funds | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 26, 2024 | Nov 10, 2006 |
HBTC vs VYM Performance
Fortuna Hedged Bitcoin ETF (HBTC) is a ETF from Fortuna Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year HBTC returned -39.43% while VYM returned +24.43%. Year to date, HBTC is down 24.77% versus a gain of 16.78% for VYM.
Risk: Volatility and Drawdowns
HBTC has been the more volatile fund, with annualized monthly volatility of 22.1% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 -0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HBTC charges 1.97% per year while VYM charges 0.04%. On a $10,000 position that is $197 vs $4 annually, a gap of $193 per year that compounds over a long holding period. On income, HBTC currently yields 0.38% against 2.86% for VYM.
Holdings Overlap
HBTC and VYM share 0 holdings out of 559 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 VYM?
HBTC has an expense ratio of 1.97% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $193 per year of difference.
Which performed better, HBTC or VYM?
Over the past year HBTC returned -39.43% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), HBTC annualized -16.52% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, HBTC or VYM?
HBTC has been the more volatile fund at 22.1% annualized versus 14.6% for VYM. Worst drawdown: HBTC -40.5% vs VYM -58.8%.
Should I hold both HBTC and VYM?
HBTC and VYM have a monthly-return correlation of -0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HBTC and VYM?
HBTC and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 559 unique securities.
Which pays a higher dividend, HBTC or VYM?
HBTC yields 0.38% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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