HBR vs. SETH
HBR (Canary HBAR ETF) and SETH (ProShares Short Ether Strategy ETF) are both Cryptocurrency funds. HBR is actively managed, while SETH is passively managed. At a correlation of -0.80, they often move in opposite directions. HBR charges 0.50%/yr vs 0.95%/yr for SETH.
Performance
HBR vs. SETH - Performance Comparison
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Returns By Period
In the year-to-date period, HBR achieves a -21.13% return, which is significantly lower than SETH's 43.11% return.
HBR
- 1D
- -0.93%
- 1M
- -6.67%
- YTD
- -21.13%
- 6M
- -39.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SETH
- 1D
- 1.55%
- 1M
- 32.48%
- YTD
- 43.11%
- 6M
- 49.04%
- 1Y
- 0.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBR vs. SETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBR Canary HBAR ETF | -21.13% | -46.02% |
SETH ProShares Short Ether Strategy ETF | 43.11% | 24.66% |
Correlation
The correlation between HBR and SETH is -0.80, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 29, 2025 | -0.80 |
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Return for Risk
HBR vs. SETH — Risk / Return Rank
HBR
SETH
HBR vs. SETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canary HBAR ETF (HBR) and ProShares Short Ether Strategy ETF (SETH). 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 | SETH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.03 | -0.44 | -0.60 |
Drawdowns
HBR vs. SETH - Drawdown Comparison
The maximum HBR drawdown since its inception was -61.62%, smaller than the maximum SETH drawdown of -80.74%. Use the drawdown chart below to compare losses from any high point for HBR and SETH.
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Drawdown Indicators
| HBR | SETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.62% | -80.74% | +19.12% |
Max Drawdown (1Y)Largest decline over 1 year | — | -56.01% | — |
Current DrawdownCurrent decline from peak | -57.93% | -60.69% | +2.76% |
Average DrawdownAverage peak-to-trough decline | -45.15% | -54.80% | +9.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 35.78% | — |
Volatility
HBR vs. SETH - Volatility Comparison
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Volatility by Period
| HBR | SETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 45.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 73.88% | 68.46% | +5.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.88% | 69.49% | +4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.88% | 69.49% | +4.39% |
HBR vs. SETH - Expense Ratio Comparison
HBR has a 0.50% expense ratio, which is lower than SETH's 0.95% expense ratio.
Dividends
HBR vs. SETH - Dividend Comparison
HBR has not paid dividends to shareholders, while SETH's dividend yield for the trailing twelve months is around 10.75%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HBR Canary HBAR ETF | 0.00% | 0.00% | 0.00% | 0.00% |
SETH ProShares Short Ether Strategy ETF | 10.75% | 7.01% | 3.44% | 0.38% |
Frequently Asked Questions
HBR and SETH 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.
On fees, HBR is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HBR is cheaper with a 0.50% expense ratio, compared with 0.95% for SETH.
SETH has the higher dividend yield at 10.75%, compared with 0.00% for HBR.
They also come from different issuers: Canary Capital and ProShares. Their fees differ too: 0.50% for HBR and 0.95% for SETH.
Find the right allocation for HBR and SETH
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