BFOC vs. HBR

Last updated Jun 24, 2026

BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) and HBR (Canary HBAR ETF) are both exchange-traded funds - BFOC is a Defined Outcome fund actively managed by First Trust, while HBR is a Cryptocurrency fund actively managed by Canary Capital. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. BFOC charges 0.90%/yr vs 0.50%/yr for HBR.

Performance

BFOC vs. HBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC) and Canary HBAR ETF (HBR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BFOC achieves a -7.58% return, which is significantly higher than HBR's -28.15% return.

BFOC

• 1D: -0.67%
• 1M: -1.05%
• YTD: -7.58%
• 6M: -7.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HBR

• 1D: -2.43%
• 1M: -12.83%
• YTD: -28.15%
• 6M: -30.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BFOC vs. HBR - Yearly Performance Comparison

	2026 (YTD)	2025
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-7.58%	-8.84%
HBR Canary HBAR ETF	-28.15%	-49.43%

Correlation

The correlation between BFOC and HBR is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025	0.72

Return for Risk

BFOC vs. HBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC) and Canary HBAR ETF (HBR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

BFOC vs. HBR - Drawdown Comparison

The maximum BFOC drawdown since its inception was -18.41%, smaller than the maximum HBR drawdown of -63.66%. Use the drawdown chart below to compare losses from any high point for BFOC and HBR.

Drawdown Indicators

	BFOC	HBR	Difference
Max Drawdown Largest peak-to-trough decline	-18.41%	-63.66%	+45.25%
Current Drawdown Current decline from peak	-18.36%	-63.66%	+45.30%
Average Drawdown Average peak-to-trough decline	-12.84%	-48.80%	+35.96%

Volatility

Volatility by Period

	BFOC	HBR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	72.48%	-60.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.31%	72.48%	-60.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.31%	72.48%	-60.17%

BFOC vs. HBR - Expense Ratio Comparison

BFOC has a 0.90% expense ratio, which is higher than HBR's 0.50% expense ratio.

Dividends

BFOC vs. HBR - Dividend Comparison

Neither BFOC nor HBR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BFOC and HBR in my portfolio?

BFOC and HBR have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BFOC or HBR?

On fees, HBR is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BFOC or HBR?

HBR is cheaper with a 0.50% expense ratio, compared with 0.90% for BFOC.

Which ETF pays a higher dividend yield, BFOC or HBR?

BFOC and HBR have nearly identical dividend yields, around 0.00%.

What is the main difference between BFOC and HBR?

BFOC is categorized as Defined Outcome, while HBR is Cryptocurrency. They also come from different issuers: First Trust and Canary Capital. Their fees differ too: 0.90% for BFOC and 0.50% for HBR.