HBR vs. BTRN
HBR (Canary HBAR ETF) and BTRN (Global X Bitcoin Trend Strategy ETF) are both Cryptocurrency funds. HBR is actively managed, while BTRN is passively managed. Their 0.35 correlation means their historical movements had little consistent relationship. HBR charges 0.50%/yr vs 0.95%/yr for BTRN.
Performance
HBR vs. BTRN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HBR achieves a -36.65% return, which is significantly lower than BTRN's -10.78% return.
HBR
- 1D
- -0.67%
- 1M
- -6.58%
- 6M
- -31.37%
- YTD
- -36.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BTRN
- 1D
- -0.73%
- 1M
- -0.26%
- 6M
- -9.90%
- YTD
- -10.78%
- 1Y
- -21.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.88K | $3.75K | $40.99K | |
| $309.18K | $375.89K | $681.42K |
HBR vs. BTRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBR Canary HBAR ETF | -36.65% | -49.43% |
BTRN Global X Bitcoin Trend Strategy ETF | -10.78% | -2.98% |
Correlation
The correlation between HBR and BTRN is 0.35, 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 | 0.35 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HBR vs. BTRN — Risk / Return Rank
HBR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BTRN
HBR vs. BTRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canary HBAR ETF (HBR) and Global X Bitcoin Trend Strategy ETF (BTRN). 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 | BTRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.73 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.95 | — |
| Martin ratioReturn relative to average drawdown | — | -1.43 | — |
Loading charts...
Drawdowns
HBR vs. BTRN - Drawdown Comparison
The maximum HBR drawdown since its inception was -68.88%, which is greater than BTRN's maximum drawdown of -36.97%. Use the drawdown chart below to compare losses from any high point for HBR and BTRN.
Loading charts...
Drawdown Indicators
| HBR | BTRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.88% | -36.97% | -31.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -25.73% | — |
Current DrawdownCurrent decline from peak | -67.96% | -26.52% | -41.44% |
Average DrawdownAverage peak-to-trough decline | -51.40% | -15.16% | -36.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 17.05% | — |
Volatility
HBR vs. BTRN - Volatility Comparison
Loading charts...
Volatility by Period
| HBR | BTRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.65% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 68.64% | 16.91% | +51.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.64% | 29.96% | +38.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.64% | 29.96% | +38.68% |
HBR vs. BTRN - Expense Ratio Comparison
HBR has a 0.50% expense ratio, which is lower than BTRN's 0.95% expense ratio.
Dividends
HBR vs. BTRN - Dividend Comparison
HBR has not paid dividends to shareholders, while BTRN's dividend yield for the trailing twelve months is around 31.46%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | 31.46% | 27.76% | 2.56% |
HBR Canary HBAR ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HBR and BTRN have a correlation of 0.35, 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 31.46%, compared with 0.00% for HBR.
They also come from different issuers: Canary and Global X. Their fees differ too: 0.50% for HBR and 0.95% for BTRN.
Find the right allocation for HBR and BTRN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer