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Harvest Clean Energy ETF (HCLN.TO) Sharpe Ratio: 0.64

ETF · Currency in CAD · Last updated Jul 21, 2026

The Harvest Clean Energy ETF (HCLN) invests in a portfolio of the 40 largest clean energy issuers globally, selected from the Clean Energy Investable Universe through a systematic process based on market capitalization. The portfolio is equally weighted and is reconstituted and rebalanced semi-annually, offering unitholders the opportunity for capital appreciation through exposure to the growing clean energy theme. The fund is benchmarked against a composite of 50% S&P Global Clean Energy Net TR Index and 50% MSCI World Utilities Gross TR Local Index.

HCLN.TO's Sharpe Ratio of 0.64 indicates that for each unit of volatility, it generates 0.64 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 21, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

HCLN.TO Sharpe Ratio Rank

HCLN.TO Sharpe Ratio Rank: 24.324
Below Average

HCLN.TO ranks above 24.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

HCLN.TO Sharpe Ratio Market Positioning

The chart shows HCLN.TO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.65 or lower
  • Yellow zone (middle 50%): 0.65 to 1.79
  • Green zone (top 25%): 1.79 or higher
  • Top 1%: 6.40+
  • Median: 1.29 — half of all investments score higher

How it compares to other similar ETFs

The table compares Harvest Clean Energy ETF's Sharpe Ratio with other ETFs in the Alternative Energy Equities, Sustainable category across multiple time periods, showing how HCLN.TO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 21, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
DRFG.TODesjardins RI Global Multifactor Fossil Fuel Reserves Free ETF2.24
DRMC.TODesjardins RI Canada - Net-Zero Emissions Pathway ETF2.11
DRFC.TODesjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF1.96
DRFU.TODesjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF1.77
DRFD.TODesjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF1.69
DRMU.TODesjardins RI USA Net-Zero Emissions Pathway ETF1.67
DRMD.TODesjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF1.61
WSRI.TOWealthsimple North America Socially Responsible Index ETF1.30
XCLN.TOiShares Global Clean Energy Index ETF1.21
DRFE.TODesjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF1.17
HCLN.TOHarvest Clean Energy ETF0.64

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows HCLN.TO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when HCLN.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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