HBR vs. BFOC

Last updated Jun 24, 2026

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

Performance

HBR vs. BFOC - Performance Comparison

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

Returns By Period

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

HBR

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

BFOC

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

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

HBR vs. BFOC - Yearly Performance Comparison

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

Correlation

The correlation between HBR and BFOC 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

HBR vs. BFOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canary HBAR ETF (HBR) and FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC). 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

HBR vs. BFOC - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

Volatility by Period

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

HBR vs. BFOC - Expense Ratio Comparison

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

Dividends

HBR vs. BFOC - Dividend Comparison

Neither HBR nor BFOC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HBR and BFOC in my portfolio?

HBR and BFOC 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, HBR or BFOC?

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, HBR or BFOC?

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

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

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

What is the main difference between HBR and BFOC?

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