XRPC vs. HBR

Last updated Jun 4, 2026

XRPC (Canary XRP ETF) and HBR (Canary HBAR 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

XRPC vs. HBR - Performance Comparison

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

Returns By Period

In the year-to-date period, XRPC achieves a -34.29% return, which is significantly lower than HBR's -20.38% return.

XRPC

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

HBR

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

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

XRPC vs. HBR - Yearly Performance Comparison

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

Correlation

The correlation between XRPC and HBR 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

XRPC vs. HBR - Risk-Adjusted Trends Comparison

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

	XRPC	HBR	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.92	-1.03	+0.10

Drawdowns

XRPC vs. HBR - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

Volatility by Period

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

XRPC vs. HBR - Expense Ratio Comparison

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

Dividends

XRPC vs. HBR - Dividend Comparison

Neither XRPC nor HBR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XRPC and HBR in my portfolio?

XRPC and HBR 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, XRPC or HBR?

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, XRPC or HBR?

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

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

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