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HBR

GradeCNASDAQ

Canary HBAR ETF

Crypto · Canary · Inception 2025-10-26

$12.25−1.19 (−8.85%)

As of Sep 23, 2026, 2:22 PM EDT

History starts Oct 27, 2025.History starts Oct 27, 2025.
Intraday session: down, 56 prints from 13.44 to 12.25. Range 12.20 to 12.82. Use the arrow keys to read each point.$12.40$12.60$12.8010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$69M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0.1M sh
NAV per share
$12.32
52W range
low $8.85high $28.92

The ETF.net HBR Grade

C

45/ 100

Rank 17 of 26 in Crypto Spot⁠

Confidence High

Six-pillar profile for HBR. Scores out of 100: Cost 10, Risk 19, Mission 90, Tradability 64, Holdings not scored, Durability 59. Strongest: Mission (90). Weakest: Cost (10). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 45 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 10
    Category rank23/26 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 90
    Category rank10/13 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 19
    Category rank23/26 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 64
    Category rank8/26 · top 31%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 59
    Category rank11/26 · top 42%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on HBR

ETF.net Research

CA single-token wrapper for Hedera's HBAR: the trust holds the coin and passes through its value, minus expenses. Brokerage-account access to one crypto asset, priced at 0.95% a year.

Stated mandate

The Trust seeks exposure to the value of HBAR held by it, after deducting operating expenses and other liabilities.

Why people hold it

  1. 01Pure play by design: the trust seeks exposure to the value of the HBAR it holds, after expenses. No basket, no proxy stocks, no wallet or private keys to manage.
  2. 02One of the newer names in the single-token aisle, launched October 2025, alongside spot wrappers for Sui, XRP, Chainlink and Polkadot.
  3. 03Trades on-exchange through the day with the usual ETF plumbing (custody, market makers, brokerage reporting) rather than an exchange account and self-custody.

Worth knowing

  1. 01Fee is the headline trade-off: 0.95% a year, above the spot-crypto median, while single-token rivals such as TSUI and TDOT list 0.30%.
  2. 02No distributions: everything rides on HBAR's price minus expenses, and single-token crypto swings hard in both directions.
  3. 03Small and young: a modest asset base and a track record measured in months, so trading costs can vary with conditions.

HBR Holdings

As of Sep 20, 2026, 10:18 AM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
HEDERA100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—HEDERA100.00%756,335,272$60M1
002—Cash & Other<0.01%199$199674

Showing 1–2 of 2 holdings

HBR Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

HBR$9,187
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. HBR $9,187. SPY $11,430. Use the arrow keys to read each point.$5,570$9,094$12,619Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for HBR. Periods over one year show the average yearly return.
PeriodHBR
Year to date−8.1%
1 month+29.9%
3 months+24.8%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for HBR
YearReturn barHBR
2026 YTD−8.1%
2025−41.5%

History from Oct 27, 2025

HBR in the news

HBR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Oct 2025. No distributions yet.

HBR Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Oct 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Oct 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Oct 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.39
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

HBR Cost

Expense ratio0.95%
  • The middle half of Crypto Spot funds
  • Median 0.35%

22 of the 26 Crypto Spot funds charge less.

HBR costs $95.00 a year on $10,000. The median Crypto Spot fund costs $35.00.