HBR vs. XRPC

Last updated Jun 4, 2026

HBR (Canary HBAR ETF) and XRPC (Canary XRP ETF) are both Cryptocurrency funds from Canary Capital. Both are actively managed. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.

Performance

HBR vs. XRPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canary HBAR ETF (HBR) and Canary XRP ETF (XRPC). 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 XRPC's -34.29% return.

HBR

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

XRPC

• 1D: -1.39%
• 1M: -14.06%
• YTD: -34.29%
• 6M: -45.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HBR vs. XRPC - Yearly Performance Comparison

	2026 (YTD)	2025
HBR Canary HBAR ETF	-20.38%	-34.47%
XRPC Canary XRP ETF	-34.29%	-20.79%

Correlation

The correlation between HBR and XRPC is 0.87, 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 Nov 14, 2025	0.87

Return for Risk

HBR vs. XRPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canary HBAR ETF (HBR) and Canary XRP ETF (XRPC). 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	XRPC	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.03	-0.92	-0.10

Drawdowns

HBR vs. XRPC - Drawdown Comparison

The maximum HBR drawdown since its inception was -61.62%, which is greater than XRPC's maximum drawdown of -48.85%. Use the drawdown chart below to compare losses from any high point for HBR and XRPC.

Drawdown Indicators

	HBR	XRPC	Difference
Max Drawdown Largest peak-to-trough decline	-61.62%	-48.85%	-12.77%
Current Drawdown Current decline from peak	-57.53%	-48.24%	-9.29%
Average Drawdown Average peak-to-trough decline	-45.06%	-29.50%	-15.56%

Volatility

Volatility by Period

	HBR	XRPC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	74.13%	75.88%	-1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.13%	75.88%	-1.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.13%	75.88%	-1.75%

HBR vs. XRPC - Expense Ratio Comparison

Both HBR and XRPC have an expense ratio of 0.50%.

Dividends

HBR vs. XRPC - Dividend Comparison

Neither HBR nor XRPC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HBR and XRPC in my portfolio?

HBR and XRPC have a correlation of 0.87, 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 XRPC?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HBR or XRPC?

HBR and XRPC have the same expense ratio: 0.50% per year.

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

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