HBR vs. IBLC
HBR (Canary HBAR ETF) and IBLC (iShares Blockchain and Tech ETF) are both Cryptocurrency funds. HBR is actively managed, while IBLC is passively managed. A 0.66 correlation means they provide meaningful diversification when combined. HBR charges 0.50%/yr vs 0.47%/yr for IBLC.
Performance
HBR vs. IBLC - Performance Comparison
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Returns By Period
In the year-to-date period, HBR achieves a -32.96% return, which is significantly lower than IBLC's 20.92% return.
HBR
- 1D
- -1.11%
- 1M
- -16.21%
- YTD
- -32.96%
- 6M
- -36.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBLC
- 1D
- 1.91%
- 1M
- -9.20%
- YTD
- 20.92%
- 6M
- 16.50%
- 1Y
- 35.73%
- 3Y*
- 41.96%
- 5Y*
- —
- 10Y*
- —
HBR vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBR Canary HBAR ETF | -32.96% | -49.43% |
IBLC iShares Blockchain and Tech ETF | 20.92% | -33.78% |
Correlation
The correlation between HBR and IBLC is 0.66, 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 | 0.66 |
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Return for Risk
HBR vs. IBLC — Risk / Return Rank
HBR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBLC
HBR vs. IBLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canary HBAR ETF (HBR) and iShares Blockchain and Tech ETF (IBLC). 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 | IBLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.14 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.80 | — |
| Martin ratioReturn relative to average drawdown | — | 1.56 | — |
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Drawdowns
HBR vs. IBLC - Drawdown Comparison
The maximum HBR drawdown since its inception was -66.10%, which is greater than IBLC's maximum drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for HBR and IBLC.
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Drawdown Indicators
| HBR | IBLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.10% | -62.54% | -3.56% |
Max Drawdown (1Y)Largest decline over 1 year | — | -44.94% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.68% | — |
Current DrawdownCurrent decline from peak | -66.10% | -20.50% | -45.60% |
Average DrawdownAverage peak-to-trough decline | -49.10% | -25.75% | -23.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 23.00% | — |
Volatility
HBR vs. IBLC - Volatility Comparison
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Volatility by Period
| HBR | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 41.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 71.94% | 55.70% | +16.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.94% | 64.48% | +7.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.94% | 64.48% | +7.46% |
HBR vs. IBLC - Expense Ratio Comparison
HBR has a 0.50% expense ratio, which is higher than IBLC's 0.47% expense ratio.
Dividends
HBR vs. IBLC - Dividend Comparison
HBR has not paid dividends to shareholders, while IBLC's dividend yield for the trailing twelve months is around 5.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HBR Canary HBAR ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBLC iShares Blockchain and Tech ETF | 5.18% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
HBR and IBLC have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBLC is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBLC is cheaper with a 0.47% expense ratio, compared with 0.50% for HBR.
IBLC has the higher dividend yield at 5.18%, compared with 0.00% for HBR.
They also come from different issuers: Canary Capital and iShares. Their fees differ too: 0.50% for HBR and 0.47% for IBLC.
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