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Launched

Canary HBAR ETF

HBRNasdaqCanaryD

$9.78+0.34 (+3.60%)

As of Nov 4, 2026, 1:49 PM ET

D36/ 100

Rank 22 of 26 in Crypto Spot

D36/100Rank 22 of 26inCrypto Spot
Intraday session: up, 53 prints from 9.44 to 9.78. Range 9.52 to 10.02. Use the arrow keys to read each point.9.609.709.9010.0010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$55M
1Y total return
−60.8%
Yield · Last 12 months
No data
Holdings
2
Avg volume · 30D
90.4K sh
52W range
low $8.85high $26.64
Launched

The ETF.net HBR Grade

Based on 5 of 6 pillars

D

Score 36 out of 100

Category
Crypto Spot⁠
Rank
22 of 26
Six-pillar profile for HBR. Scores out of 100: Cost 10, Risk 13, Mission 67, Tradability 58, Holdings not scored, Durability 56. Strongest: Mission (67). Weakest: Cost (10). Based on 5 of 6 pillars.

Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F10 out of 100
    Rank 23 of 26

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B67 out of 100
    Rank 14 of 15

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F13 out of 100
    Rank 25 of 26

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B58 out of 100
    Rank 11 of 26

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B56 out of 100
    Rank 14 of 26

Our read on HBR

ETF.net Research

In short

DA 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

  • Pure 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.
  • One of the newer names in the single-token aisle, launched October 2025, alongside spot wrappers for Sui, XRP, Chainlink and Polkadot.
  • Trades 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

  • Fee 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%.
  • No distributions: everything rides on HBAR's price minus expenses, and single-token crypto swings hard in both directions.
  • Small and young: a modest asset base and a track record measured in months, so trading costs can vary with conditions.

HBR Holdings

Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
Hedera100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataHedera100.00%798,892,593$55.5M1
2No dataCash & Other<0.01%241$241582

Showing 1–2 of 2 holdings

HBR Performance

Launched Oct 27, 2025

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

Not enough history yet.Not enough history yet.Not enough history yet.
HBR$3,919
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,158
Nov 3, 2025 to Nov 3, 2026. HBR $3,919. SPY $11,158. Use the arrow keys to read each point.$5,000$7,500$10,000Nov 2025May 2026Nov 2026

Nov 3, 2025 – Nov 3, 2026

Returns run to the Nov 3, 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−35.5%
1 month−30.3%
3 months−1.5%
1 year−60.8%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−35.5%
2025−41.5%

Since listing, Oct 27, 2025

HBR in the news

HBR Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

HBR Risk

Risk pillarF13 out of 100Rank 25 of 26 in Crypto Spot
How much the fund’s monthly returns vary, scaled to a year.
76.5%
Annualised · 12 months to Oct 2026
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.
−1.00
vs 3-month T-bills · 12 months to Oct 2026
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.
−67.7%
12 months · trough Aug 2026
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.
1.29
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.

FMP measures it over up to five years of monthly returns.

HBR Cost

Compare HBR and XRPZ

Overpaying vs XRPZ, cheapest in Crypto Spot

$13,917

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • HBR 0.95%

    $17,869

  • XRPZ 0.19% Cheapest

    $3,952

$10,000
30 years

Cost over time

  • HBR 0.95%
  • XRPZ 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530HBR $17,869XRPZ $3,952

Year by year

YearHBRXRPZOverpaying
10$1,678$347$1,331
20$6,322$1,351$4,971
30$17,869$3,952$13,917

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