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. At a 0.36 correlation, their price movements are largely independent. 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 -10.70% return, which is significantly higher than HBR's -30.71% return.
BTRN
- 1D
- -1.00%
- 1M
- -8.78%
- YTD
- -10.70%
- 6M
- -10.71%
- 1Y
- -17.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBR
- 1D
- -3.57%
- 1M
- -15.94%
- YTD
- -30.71%
- 6M
- -32.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTRN vs. HBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | -10.70% | -2.98% |
HBR Canary HBAR ETF | -30.71% | -49.43% |
Correlation
The correlation between BTRN and HBR is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| 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 | 0.83 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | — | — |
| Martin ratioReturn relative to average drawdown | -1.12 | — | — |
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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 -64.96%. 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% | -64.96% | +27.99% |
Max Drawdown (1Y)Largest decline over 1 year | -26.45% | — | — |
Current DrawdownCurrent decline from peak | -26.45% | -64.96% | +38.51% |
Average DrawdownAverage peak-to-trough decline | -14.66% | -48.90% | +34.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.82% | — | — |
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 | 3.71% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.61% | 72.35% | -53.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.59% | 72.35% | -41.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.59% | 72.35% | -41.76% |
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 31.08%, while HBR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | 31.08% | 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 31.08%, compared with 0.00% for HBR.
They also come from different issuers: Global X and Canary Capital. Their fees differ too: 0.95% for BTRN and 0.50% for HBR.
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