HBR vs. BLOX
HBR (Canary HBAR ETF) and BLOX (Nicholas Crypto Income ETF) are both Cryptocurrency funds. Both are actively managed. A 0.71 correlation means they provide meaningful diversification when combined. HBR charges 0.50%/yr vs 1.03%/yr for BLOX.
Performance
HBR vs. BLOX - Performance Comparison
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Returns By Period
In the year-to-date period, HBR achieves a -32.96% return, which is significantly lower than BLOX's 9.50% return.
HBR
- 1D
- -1.11%
- 1M
- -16.21%
- YTD
- -32.96%
- 6M
- -36.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLOX
- 1D
- 2.14%
- 1M
- -6.72%
- YTD
- 9.50%
- 6M
- 5.82%
- 1Y
- 9.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBR vs. BLOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBR Canary HBAR ETF | -32.96% | -49.43% |
BLOX Nicholas Crypto Income ETF | 9.50% | -29.60% |
Correlation
The correlation between HBR and BLOX is 0.71, 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 | 0.71 |
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Return for Risk
HBR vs. BLOX — Risk / Return Rank
HBR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BLOX
HBR vs. BLOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canary HBAR ETF (HBR) and Nicholas Crypto Income ETF (BLOX). 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.
| HBR | BLOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.07 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.20 | — |
| Martin ratioReturn relative to average drawdown | — | 0.40 | — |
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Drawdowns
HBR vs. BLOX - Drawdown Comparison
The maximum HBR drawdown since its inception was -66.10%, which is greater than BLOX's maximum drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for HBR and BLOX.
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Drawdown Indicators
| HBR | BLOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.10% | -47.09% | -19.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -47.09% | — |
Current DrawdownCurrent decline from peak | -66.10% | -24.30% | -41.80% |
Average DrawdownAverage peak-to-trough decline | -49.10% | -18.73% | -30.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 23.61% | — |
Volatility
HBR vs. BLOX - Volatility Comparison
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Volatility by Period
| HBR | BLOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 16.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 40.79% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 71.94% | 54.11% | +17.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.94% | 53.82% | +18.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.94% | 53.82% | +18.12% |
HBR vs. BLOX - Expense Ratio Comparison
HBR has a 0.50% expense ratio, which is lower than BLOX's 1.03% expense ratio.
Dividends
HBR vs. BLOX - Dividend Comparison
HBR has not paid dividends to shareholders, while BLOX's dividend yield for the trailing twelve months is around 43.21%.
| Position | TTM | 2025 |
|---|---|---|
BLOX Nicholas Crypto Income ETF | 43.21% | 22.69% |
HBR Canary HBAR ETF | 0.00% | 0.00% |
Frequently Asked Questions
HBR and BLOX have a correlation of 0.71, 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 1.03% for BLOX.
BLOX has the higher dividend yield at 43.21%, compared with 0.00% for HBR.
They also come from different issuers: Canary Capital and Nicholas. Their fees differ too: 0.50% for HBR and 1.03% for BLOX.
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