HBR vs. EZPZ

Last updated Jun 4, 2026

HBR (Canary HBAR ETF) and EZPZ (Franklin Crypto Index ETF) are both Cryptocurrency funds. HBR is actively managed, while EZPZ is passively managed. Their correlation of 0.83 suggests significant overlap in exposure. HBR charges 0.50%/yr vs 0.19%/yr for EZPZ.

Performance

HBR vs. EZPZ - Performance Comparison

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

Returns By Period

In the year-to-date period, HBR achieves a -20.38% return, which is significantly higher than EZPZ's -28.21% return.

HBR

• 1D: -2.47%
• 1M: -3.04%
• YTD: -20.38%
• 6M: -41.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EZPZ

• 1D: -3.03%
• 1M: -18.55%
• YTD: -28.21%
• 6M: -33.71%
• 1Y: -39.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HBR vs. EZPZ - Yearly Performance Comparison

	2026 (YTD)	2025
HBR Canary HBAR ETF	-20.38%	-46.02%
EZPZ Franklin Crypto Index ETF	-28.21%	-24.83%

Correlation

The correlation between HBR and EZPZ is 0.83, 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	0.83

Return for Risk

HBR vs. EZPZ — Risk / Return Rank

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

EZPZ

EZPZ Risk / Return Rank: 3
EZPZ Sharpe Ratio Rank: 2
EZPZ Sortino Ratio Rank: 3
EZPZ Omega Ratio Rank: 3
EZPZ Calmar Ratio Rank: 3
EZPZ Martin Ratio Rank: 3

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. EZPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canary HBAR ETF (HBR) and Franklin Crypto Index ETF (EZPZ). 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	EZPZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.03	-0.61	-0.42

Drawdowns

HBR vs. EZPZ - Drawdown Comparison

The maximum HBR drawdown since its inception was -61.62%, which is greater than EZPZ's maximum drawdown of -52.38%. Use the drawdown chart below to compare losses from any high point for HBR and EZPZ.

Drawdown Indicators

	HBR	EZPZ	Difference
Max Drawdown Largest peak-to-trough decline	-61.62%	-52.38%	-9.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-52.38%	—
Current Drawdown Current decline from peak	-57.53%	-51.59%	-5.94%
Average Drawdown Average peak-to-trough decline	-45.06%	-21.72%	-23.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	30.44%	—

Volatility

Volatility by Period

	HBR	EZPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	74.13%	46.83%	+27.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.13%	47.65%	+26.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.13%	47.65%	+26.48%

HBR vs. EZPZ - Expense Ratio Comparison

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

Dividends

HBR vs. EZPZ - Dividend Comparison

Neither HBR nor EZPZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HBR and EZPZ in my portfolio?

HBR and EZPZ have a correlation of 0.83, 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 EZPZ?

On fees, EZPZ 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 EZPZ?

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

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

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

What is the main difference between HBR and EZPZ?

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