Fortuna Funds, LLCDigital AssetsHBTC · Cboe BZX

Fortuna Hedged Bitcoin ETF (HBTC)

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Price: $18.64; —12 Nov 2026
Assets: $790,000; Total net assets
Expense ratio: 1.97%; Category 0.99%
Yield: 0.30%; Trailing distributions

1Y return: -28.5%+7.5%; Category -36.0%
3Y CAGR: —; Category 32.6%
5Y CAGR: —; Category 2.9%

$18.64—12 Nov 2026

Fund

Assets: $790,000
Expense: 1.97%
Categ. exp: 0.99%
Yield: 0.30%

ReturnFundCateg.

1Y-28.5%-36.0%

3Y—32.6%

5Y—2.9%

Launch-13.0%—

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Fortuna Hedged Bitcoin ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-13.8%	+6.4%	-11.7%	-18.4%	-28.5%	—	—	—	-13.0%
Digital Assets average	-18.2%	8.2%	-16.0%	-27.3%	-36.0%	32.6%	2.9%	—	-15.9%
Difference	+4.4%	-1.8%	+4.3%	+8.9%	+7.5%	—	—	—	+2.9%

Holdings

The 1 largest positions make up 43.4% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
FXFXX	First American Treasury Obligs X	43.41%

Asset mix

What the fund is invested in.

Cash42.0%
Stocks30.3%
Other27.7%

ETF details

Issuer: Fortuna Funds, LLC
Category: Currency · Digital Assets
Ticker: HBTC
Exchange: Cboe BZX
Inception: 18 Mar 2025 (1.7 years)
Structure: Exchange Traded Fund
Expense ratio: 1.97% (category 0.99%)
Holdings turnover: 0% (category 91%)
Distribution yield: 0.30%
Beta, 3 years: 0.00
Total net assets: $790,000

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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