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 -37.37% return, which is significantly lower than EZBC's -26.62% return.
HBR
- 1D
- -0.27%
- 1M
- -16.95%
- 6M
- -42.50%
- YTD
- -37.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EZBC
- 1D
- -1.01%
- 1M
- -2.11%
- 6M
- -32.60%
- YTD
- -26.62%
- 1Y
- -46.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBR vs. EZBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBR Canary HBAR ETF | -37.37% | -49.43% |
EZBC Franklin Bitcoin ETF | -26.62% | -23.99% |
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 28, 2025 | 0.79 |
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Return for Risk
HBR vs. EZBC — Risk / Return Rank
HBR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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 | EZBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.82 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.87 | — |
| Martin ratioReturn relative to average drawdown | — | -1.40 | — |
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Drawdowns
HBR vs. EZBC - Drawdown Comparison
The maximum HBR drawdown since its inception was -68.78%, which is greater than EZBC's maximum drawdown of -53.35%. 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 | -68.78% | -53.35% | -15.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -53.35% | — |
Current DrawdownCurrent decline from peak | -68.33% | -48.92% | -19.41% |
Average DrawdownAverage peak-to-trough decline | -50.41% | -17.75% | -32.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 33.13% | — |
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 | — | 10.76% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.80% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 70.05% | 44.30% | +25.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.05% | 49.84% | +20.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.05% | 49.84% | +20.21% |
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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