BTRN vs. HBR
BTRN (Global X Bitcoin Trend Strategy ETF) and HBR (Canary HBAR ETF) are both Cryptocurrency funds. BTRN is passively managed, while HBR is actively managed. Their 0.36 correlation means their historical movements had little consistent relationship. BTRN charges 0.95%/yr vs 0.50%/yr for HBR.
Performance
BTRN vs. HBR - Performance Comparison
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Returns By Period
In the year-to-date period, BTRN achieves a -10.38% return, which is significantly higher than HBR's -34.67% return.
BTRN
- 1D
- 0.08%
- 1M
- 0.18%
- 6M
- -9.55%
- YTD
- -10.38%
- 1Y
- -22.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.25%
HBR
- 1D
- -0.27%
- 1M
- -3.66%
- 6M
- -24.93%
- YTD
- -34.67%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.41K | $4.49K | $41.74K | |
| $303.97K | $313.81K | $651.29K |
BTRN vs. HBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | -10.38% | -2.98% |
HBR Canary HBAR ETF | -34.67% | -49.43% |
Correlation
The correlation between BTRN and HBR is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025 | 0.36 |
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Return for Risk
BTRN vs. HBR — Risk / Return Rank
BTRN
HBR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BTRN vs. HBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Trend Strategy ETF (BTRN) 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.
| BTRN | HBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.74 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | — | — |
| Martin ratioReturn relative to average drawdown | -1.31 | — | — |
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Drawdowns
BTRN vs. HBR - Drawdown Comparison
The maximum BTRN drawdown since its inception was -36.97%, smaller than the maximum HBR drawdown of -68.88%. Use the drawdown chart below to compare losses from any high point for BTRN and HBR.
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Drawdown Indicators
| BTRN | HBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.97% | -68.88% | +31.91% |
Max Drawdown (1Y)Largest decline over 1 year | -25.73% | — | — |
Current DrawdownCurrent decline from peak | -26.19% | -66.96% | +40.77% |
Average DrawdownAverage peak-to-trough decline | -15.20% | -51.56% | +36.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.20% | — | — |
Volatility
BTRN vs. HBR - Volatility Comparison
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Volatility by Period
| BTRN | HBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.62% | 68.42% | -51.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.91% | 68.42% | -38.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.91% | 68.42% | -38.51% |
BTRN vs. HBR - Expense Ratio Comparison
BTRN has a 0.95% expense ratio, which is higher than HBR's 0.50% expense ratio.
Dividends
BTRN vs. HBR - Dividend Comparison
BTRN's dividend yield for the trailing twelve months is around 31.32%, while HBR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | 31.32% | 27.76% | 2.56% |
HBR Canary HBAR ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BTRN and HBR have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
HBR is cheaper with a 0.50% expense ratio, compared with 0.95% for BTRN.
BTRN has the higher dividend yield at 31.32%, compared with 0.00% for HBR.
They also come from different issuers: Global X and Canary. Their fees differ too: 0.95% for BTRN and 0.50% for HBR.
Find the right allocation for BTRN and HBR
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