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HBR vs HYPG

Canary HBAR ETF

HBRDNasdaq

Grayscale Hyperliquid Staking ETF

HYPGANasdaq

Overlap

Expense ratio

HYPG −0.66pt a year

HBR0.95%HYPG0.29%

Avg volume · 30D

HYPG 1.1×the volume

HBR90.4KHYPG99.4K

HBR vs HYPG Performance

Aug 3, 2026 – Nov 3, 2026

−1.5%HBR+57.6%HYPG

Aug 3, 2026 to Nov 3, 2026. HBR −1.5%. HYPG +57.6%. Use the arrow keys to read each point.20%40%80%Aug 2026Sep 2026Nov 2026
Expense ratio
HBR 0.95%
HYPG 0.29%, better
Fund size
HBR $55M
HYPG $196M
1Y total return
HBR −60.8%
HYPG No data
Holdings
HBR 2
HYPG 1
Avg volume (30D)
HBR 90.4K sh
HYPG 99.4K sh, better
NAV per share
HBR $9.42
HYPG $30.25
52W range

ETF.net Grade

HBR: Cost 10, Risk 13, Mission 67, Tradability 58, Holdings not scored, Durability 56. HYPG: Cost 96, Risk 66, Mission not scored, Tradability 70, Holdings not scored, Durability 62.
Pillar letters and Scores for HBR, HYPG, with each pillar’s weight
PillarHBRHYPG
Cost30% weightF10A96Higher
Mission25% weightB67Not scored
Risk15% weightF13B66Higher
Tradability15% weightB58A70Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB56B62Higher

Rank among Crypto Spot funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. HBR and HYPG are both graded against the same 25 Crypto Spot funds, so their Grades compare head to head.

Crypto Spot⁠

Category · 25 funds
See all 25 ›

HYPG ranks 2nd and HBR 21st of 25 funds in the Crypto Spot Category.

  1. Rank 1AXRPZFranklin XRP ETFScore 86
  2. Rank 2AHYPGGrayscale Hyperliquid Staking ETFScore 80
  3. Rank 3ATHYP21Shares Hyperliquid ETFScore 75
  4. Rank 21DDOJEREX-Osprey DOGE ETFScore 36
  5. Rank 21DHBRCanary HBAR ETFScore 36
  6. Rank 23DSUISCanary Staked SUI ETFScore 32

Our read on each fund

ETF.net Research

HBRDCanary HBAR ETF

HYPGAGrayscale Hyperliquid Staking ETF

In short

HBR A 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.

HYPG No data

Stated mandate

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

HYPG No data

Why people hold it

  • HBR 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.

HYPG No data

Worth knowing

  • HBR 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.

HYPG No data

Full HBR profile⁠

Full HYPG profile⁠

HBR vs HYPG Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

HBR vs HYPG Cost

Overpaying HBR vs HYPG

$11,917

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

  • HBR 0.95%

    $17,869

  • HYPG 0.29%

    $5,952

$10,000
30 years

Cost over time

  • HBR 0.95%
  • HYPG 0.29%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530HBR $17,869HYPG $5,952

Year by year

YearHBRHYPGOverpaying
10$1,678$527$1,151
20$6,322$2,044$4,278
30$17,869$5,952$11,917

Expense ratio

  • 0.95%HBR
  • 0.29%HYPG, cheaper
  • Middle half of Crypto Spot funds
  • Median 0.35%

HYPG 2nd cheapest of 25 funds

HBR 22nd cheapest of 25 funds

HBR vs HYPG Dividends

Last 12 months to Nov 3, 2026
Payout (12M)
HBR None
HYPG No data
Last payment
HBR No data
HYPG $0.04
Ex-dividend
HBR No data
HYPG Nov 3, 2026
Paid on
HBR No data
HYPG Pays Nov 4, 2026
Frequency
HBR No data
HYPG Monthly

Distribution history

Per share, 2026, same scale for both

HBRAll HBR payments⁠

No distribution history available.

HYPGMonthly · 4 paymentsAll HYPG payments⁠
One bar per payment. 4 payments in 2026 YTD. Aug 4, 2026 $0.03; Sep 3, 2026 $0.03; Oct 5, 2026 $0.04; Nov 3, 2026 $0.04. Use the arrow keys to read each point.$0$0.032026YTD

HBR vs HYPG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
HBR 76.5%since Nov 2025HYPG No data
Return per unit of riskSharpe ratio, 3 years
HBR −1.00since Nov 2025HYPG No data
Worst fallMax drawdown, 5 years
HBR −67.7%since Oct 2025HYPG No data
Market sensitivityBeta, 5 years
HBR 1.29HYPG 3.80

HBR and HYPG in the news

All news⁠

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