HBR vs. EZBC
HBR (Canary HBAR ETF) and EZBC (Franklin Bitcoin ETF) are both Cryptocurrency funds. HBR is actively managed, while EZBC is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. HBR charges 0.50%/yr vs 0.19%/yr for EZBC.
Performance
HBR vs. EZBC - Performance Comparison
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Returns By Period
In the year-to-date period, HBR achieves a -20.38% return, which is significantly higher than EZBC's -27.45% return.
HBR
- 1D
- -2.47%
- 1M
- -3.04%
- YTD
- -20.38%
- 6M
- -41.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EZBC
- 1D
- -2.81%
- 1M
- -22.22%
- YTD
- -27.45%
- 6M
- -31.45%
- 1Y
- -39.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBR vs. EZBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBR Canary HBAR ETF | -20.38% | -46.02% |
EZBC Franklin Bitcoin ETF | -27.45% | -23.12% |
Correlation
The correlation between HBR and EZBC is 0.79, 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 29, 2025 | 0.79 |
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Return for Risk
HBR vs. EZBC — Risk / Return Rank
HBR
EZBC
HBR vs. EZBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canary HBAR ETF (HBR) and Franklin Bitcoin ETF (EZBC). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| HBR | EZBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.03 | 0.27 | -1.30 |
Drawdowns
HBR vs. EZBC - Drawdown Comparison
The maximum HBR drawdown since its inception was -61.62%, which is greater than EZBC's maximum drawdown of -49.50%. Use the drawdown chart below to compare losses from any high point for HBR and EZBC.
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Drawdown Indicators
| HBR | EZBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.62% | -49.50% | -12.12% |
Max Drawdown (1Y)Largest decline over 1 year | — | -49.50% | — |
Current DrawdownCurrent decline from peak | -57.53% | -49.50% | -8.03% |
Average DrawdownAverage peak-to-trough decline | -45.06% | -16.07% | -28.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 28.59% | — |
Volatility
HBR vs. EZBC - Volatility Comparison
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Volatility by Period
| HBR | EZBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 74.13% | 43.71% | +30.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.13% | 50.05% | +24.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.13% | 50.05% | +24.08% |
HBR vs. EZBC - Expense Ratio Comparison
HBR has a 0.50% expense ratio, which is higher than EZBC's 0.19% expense ratio.
Dividends
HBR vs. EZBC - Dividend Comparison
Neither HBR nor EZBC has paid dividends to shareholders.
Frequently Asked Questions
HBR and EZBC have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EZBC is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EZBC is cheaper with a 0.19% expense ratio, compared with 0.50% for HBR.
HBR and EZBC have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Canary Capital and Franklin Templeton. Their fees differ too: 0.50% for HBR and 0.19% for EZBC.
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