HBR vs. SOEZ

Last updated Jul 17, 2026

HBR (Canary HBAR ETF) and SOEZ (Franklin Solana ETF) are both Cryptocurrency funds. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. HBR charges 0.50%/yr vs 0.19%/yr for SOEZ.

Performance

HBR vs. SOEZ - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with HBR having a -37.37% return and SOEZ slightly higher at -37.14%.

HBR

• 1D: -0.27%
• 1M: -16.95%
• 6M: -42.50%
• YTD: -37.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOEZ

• 1D: -1.74%
• 1M: 3.32%
• 6M: -44.84%
• YTD: -37.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HBR vs. SOEZ - Yearly Performance Comparison

	2026 (YTD)	2025
HBR Canary HBAR ETF	-37.37%	-26.09%
SOEZ Franklin Solana ETF	-37.14%	-11.69%

Correlation

The correlation between HBR and SOEZ 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 Dec 3, 2025	0.79

Return for Risk

HBR vs. SOEZ - Risk-Adjusted Trends Comparison

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

HBR vs. SOEZ - Drawdown Comparison

The maximum HBR drawdown since its inception was -68.78%, which is greater than SOEZ's maximum drawdown of -56.14%. Use the drawdown chart below to compare losses from any high point for HBR and SOEZ.

Drawdown Indicators

	HBR	SOEZ	Difference
Max Drawdown Largest peak-to-trough decline	-68.78%	-56.14%	-12.64%
Current Drawdown Current decline from peak	-68.33%	-47.18%	-21.15%
Average Drawdown Average peak-to-trough decline	-50.41%	-34.12%	-16.29%

Volatility

Volatility by Period

	HBR	SOEZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	70.05%	70.21%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.05%	70.21%	-0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.05%	70.21%	-0.16%

HBR vs. SOEZ - Expense Ratio Comparison

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

Dividends

HBR vs. SOEZ - Dividend Comparison

HBR has not paid dividends to shareholders, while SOEZ's dividend yield for the trailing twelve months is around 0.87%.

Position	TTM
HBR Canary HBAR ETF	0.00%
SOEZ Franklin Solana ETF	0.87%

Frequently Asked Questions

Can I hold both HBR and SOEZ in my portfolio?

HBR and SOEZ 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.

Which ETF is better, HBR or SOEZ?

On fees, SOEZ 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 SOEZ?

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

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

SOEZ has the higher dividend yield at 0.87%, compared with 0.00% for HBR.

What is the main difference between HBR and SOEZ?

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