HBR vs. EZET

Last updated Jun 5, 2026

HBR (Canary HBAR ETF) and EZET (Franklin Ethereum ETF) are both Cryptocurrency funds. HBR is actively managed, while EZET is passively managed. Their correlation of 0.80 suggests significant overlap in exposure. HBR charges 0.50%/yr vs 0.19%/yr for EZET.

Performance

HBR vs. EZET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canary HBAR ETF (HBR) and Franklin Ethereum ETF (EZET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HBR achieves a -21.13% return, which is significantly higher than EZET's -40.23% return.

HBR

• 1D: -0.93%
• 1M: -6.67%
• YTD: -21.13%
• 6M: -39.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EZET

• 1D: -1.32%
• 1M: -25.14%
• YTD: -40.23%
• 6M: -43.56%
• 1Y: -32.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HBR vs. EZET - Yearly Performance Comparison

	2026 (YTD)	2025
HBR Canary HBAR ETF	-21.13%	-46.02%
EZET Franklin Ethereum ETF	-40.23%	-26.53%

Correlation

The correlation between HBR and EZET is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 29, 2025	0.80

Return for Risk

HBR vs. EZET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EZET

EZET Risk / Return Rank: 5
EZET Sharpe Ratio Rank: 5
EZET Sortino Ratio Rank: 6
EZET Omega Ratio Rank: 6
EZET Calmar Ratio Rank: 5
EZET Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HBR vs. EZET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canary HBAR ETF (HBR) and Franklin Ethereum ETF (EZET). 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.

Sharpe Ratios by Period

	HBR	EZET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.03	-0.42	-0.61

Drawdowns

HBR vs. EZET - Drawdown Comparison

The maximum HBR drawdown since its inception was -61.62%, roughly equal to the maximum EZET drawdown of -64.05%. Use the drawdown chart below to compare losses from any high point for HBR and EZET.

Drawdown Indicators

	HBR	EZET	Difference
Max Drawdown Largest peak-to-trough decline	-61.62%	-64.05%	+2.43%
Max Drawdown (1Y) Largest decline over 1 year	—	-63.36%	—
Current Drawdown Current decline from peak	-57.93%	-63.36%	+5.43%
Average Drawdown Average peak-to-trough decline	-45.15%	-32.74%	-12.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	37.94%	—

Volatility

Volatility by Period

	HBR	EZET	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	45.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	73.88%	68.34%	+5.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.88%	72.29%	+1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.88%	72.29%	+1.59%

HBR vs. EZET - Expense Ratio Comparison

HBR has a 0.50% expense ratio, which is higher than EZET's 0.19% expense ratio.

Dividends

HBR vs. EZET - Dividend Comparison

Neither HBR nor EZET has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HBR and EZET in my portfolio?

HBR and EZET have a correlation of 0.80, 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 EZET?

On fees, EZET is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HBR or EZET?

EZET is cheaper with a 0.19% expense ratio, compared with 0.50% for HBR.

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

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

What is the main difference between HBR and EZET?

They also come from different issuers: Canary Capital and Franklin Templeton. Their fees differ too: 0.50% for HBR and 0.19% for EZET.