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Harvest US Equity Leaders Income ETF Class A (CAD Hedged) (HBF.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 17, 2026

Harvest US Equity Leaders Income ETF (HBF) is an actively managed Canadian-listed ETF from Harvest Portfolios Group, formerly known as Harvest Brand Leaders Plus Income ETF. The fund holds an equally weighted portfolio of 20 large-cap U.S. brand-leader companies and overlays a covered call strategy on up to 33% of holdings to generate enhanced monthly income while reducing volatility. Class A units (HBF) trade on the Toronto Stock Exchange in Canadian dollars with currency hedging back to CAD.

Harvest US Equity Leaders Income ETF Class A (CAD Hedged) (HBF.TO) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HBF.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to HBF.TO

HBF.TO charges 0.75% annually. There are 62 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.29%.

SymbolNameExpense RatioAUMInception
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025HBF.TO vs ECHI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%169.56MNov 2025HBF.TO vs EQLI.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%224.00MSep 2024HBF.TO vs HBIL.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024HBF.TO vs JEPQ.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024HBF.TO vs JEPI.TO

Best Risk-Adjusted Alternatives to HBF.TO

HBF.TO has a PortfoliosLab risk / return rank of 60. There are 49 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 98.

SymbolNameRisk / Return RankAUMInception
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
98
180.28MJun 2022HBF.TO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
98
—Feb 2022HBF.TO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
98
1.26BFeb 2022HBF.TO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
98
4.84BJan 2011HBF.TO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
198.10MJul 2023HBF.TO vs BKCL.TO

Top Performing HBF.TO Alternatives (YTD)

HBF.TO is at 5.50% YTD. There are 74 ETFs in the Derivative Income category with higher YTD returns, going as high as 48.96%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
48.96%
—Feb 2022HBF.TO vs CBNK.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
35.60%
271.10MOct 2023HBF.TO vs ENCL.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
34.14%
1.26BFeb 2022HBF.TO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
31.92%
198.10MJul 2023HBF.TO vs BKCL.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
31.10%
4.84BJan 2011HBF.TO vs ZWB.TO

Lowest Volatility Alternatives to HBF.TO

HBF.TO has 10.67% 1-year volatility. There are 24 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.75%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.75%224.00MSep 2024HBF.TO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...1.91%—Sep 2024HBF.TO vs HBIL-U.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.74%259.21MJan 2024HBF.TO vs HPYM.TO
FCMI.TO
Fidelity Canadian Monthly High Income ETF6.39%—Jan 2020HBF.TO vs FCMI.TO
ZPH.TO
BMO US Put Write Hedged to CAD ETF6.55%35.29MFeb 2017HBF.TO vs ZPH.TO

Lowest Drawdown Alternatives to HBF.TO

HBF.TO has a 1-year max drawdown of -7.79%. There are 31 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.95%.

SymbolNameMax Drawdown 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...
-0.95%
224.00MSep 2024HBF.TO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...
-1.07%
—Sep 2024HBF.TO vs HBIL-U.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
180.28MJun 2022HBF.TO vs HLIF.TO
FCMI.TO
Fidelity Canadian Monthly High Income ETF
-3.62%
—Jan 2020HBF.TO vs FCMI.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
259.21MJan 2024HBF.TO vs HPYM.TO

Other ETFs from Harvest Portfolios Group

The 2 most viewed Harvest Portfolios Group ETFs shown here include HPYE.TO, METE.TO and span 3 categories.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HPYE.TO
Harvest Premium Yield Enhanced ETFDerivative Income, Leveraged Equities———Jan 2026HBF.TO vs HPYE.TO
METE.TO
Harvest Meta Enhanced High Income Shares ETF - Cla...Derivative Income, Leveraged Equities, Communications Equities———Jan 2025HBF.TO vs METE.TO

Often Compared With HBF.TO

Investors most often compare HBF.TO with YGOG.NEO, XTOT.TO, RUD.TO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETFDerivative Income, Technology Equities
91
10.04%
62.00MDec 2022HBF.TO vs YGOG.NEO
XTOT.TO
iShares Core S&P Total U.S. Stock Market Index ETFLarge Cap Blend Equities
67
13.57%
—May 2025HBF.TO vs XTOT.TO
RUD.TO
RBC Quant U.S. Dividend Leaders ETF (CAD)Large Cap Blend Equities, Dividend
73
12.65%
979.22MJan 2014HBF.TO vs RUD.TO
HPYB.TO
Harvest Premium Yield Canadian Bank ETFDerivative Income, Financials Equities, Canada Equities———Jan 2026HBF.TO vs HPYB.TO
FLUS.TO
Franklin U.S. Large Cap Multifactor Index ETFLarge Cap Blend Equities
57
14.83%
128.26MMay 2017HBF.TO vs FLUS.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...Energy Equities, Derivative Income
49
23.81%
127.47MFeb 2015HBF.TO vs NXF.TO
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF C...Derivative Income
93
15.02%
—Mar 2025HBF.TO vs GOGY.TO
XUU.TO
iShares Core S&P U.S. Total Market Index ETFLarge Cap Blend Equities
74
13.79%
4.63BFeb 2015HBF.TO vs XUU.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...Derivative Income
97
25.36%
400.33MMay 2011HBF.TO vs BKCC.TO
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)Large Cap Blend Equities, S&P 500
78
13.38%
—Jul 2024HBF.TO vs XUSC.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETFDerivative Income—
27.00%
—Aug 2025HBF.TO vs CNQE.TO
SMVP.TO
HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD He...Large Cap Blend Equities
44
10.65%
—Jan 2025HBF.TO vs SMVP.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
82
13.70%
250.73MJul 2023HBF.TO vs USCL.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
62
13.42%
103.07MOct 2022HBF.TO vs HUTE.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETFDerivative Income, Utilities Equities
80
11.45%
1.41BJun 2023HBF.TO vs UMAX.TO
XMU.TO
iShares MSCI Min Vol USA Index ETFLarge Cap Blend Equities
18
5.94%
335.90MJul 2012HBF.TO vs XMU.TO
ZLU.TO
BMO Low Volatility US Equity ETF (CAD)Large Cap Blend Equities
41
13.19%
2.52BMar 2013HBF.TO vs ZLU.TO
COW.TO
iShares Global Agriculture Index ETFLarge Cap Blend Equities
16
16.71%
289.23MDec 2007HBF.TO vs COW.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
15
-1.46%
360.54MMay 2024HBF.TO vs HPYT.TO
VEQT.TO
Vanguard All-Equity ETF PortfolioGlobal Equities
86
13.57%
15.67BJan 2019HBF.TO vs VEQT.TO

Compare HBF.TO with Any Fund or Stock

Compare HBF.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair HBF.TO with funds that move differently

Harvest US Equity Leaders Income ETF Class A (CAD Hedged) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HBF.TO.

Explore HBF.TO Diversifiers