BANK.TO vs. HPF.TO
BANK.TO (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) and HPF.TO (Harvest Energy Leaders Income ETF – Class A Units) are both exchange-traded funds - BANK.TO is a Derivative Income fund tracking the Solactive Canadian Core Financials Equal Weight Index, while HPF.TO is a Energy Equities fund actively managed by Harvest. BANK.TO is passively managed, while HPF.TO is actively managed. Over the past 3 years, BANK.TO returned 35.53%/yr vs 14.96%/yr for HPF.TO. Their 0.23 correlation means their historical movements had little consistent relationship. BANK.TO charges 0.60%/yr vs 0.99%/yr for HPF.TO.
Performance
BANK.TO vs. HPF.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BANK.TO achieves a 33.28% return, which is significantly lower than HPF.TO's 37.52% return.
BANK.TO
- 1D
- 0.61%
- 1M
- 3.03%
- 6M
- 35.25%
- YTD
- 33.28%
- 1Y
- 70.04%
- 3Y*
- 35.53%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.46%
HPF.TO
- 1D
- 0.38%
- 1M
- 14.19%
- 6M
- 28.39%
- YTD
- 37.52%
- 1Y
- 48.15%
- 3Y*
- 14.96%
- 5Y*
- 18.04%
- 10Y*
- 6.10%
- ALL TIME*
- 1.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$7.71M | CA$6.93M | CA$5.91M | |
| CA$32.33K | CA$32.46K | CA$59.23K |
BANK.TO vs. HPF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 33.28% | 41.00% | 27.90% | 16.23% | -20.47% |
HPF.TO Harvest Energy Leaders Income ETF – Class A Units | 37.52% | 8.98% | -2.46% | 2.51% | 19.68% |
Correlation
The correlation between BANK.TO and HPF.TO is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.23 |
The correlation between BANK.TO and HPF.TO shifts across timeframes, from -0.21 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
BANK.TO vs. HPF.TO - Sectors Allocation Comparison
Sectors
BANK.TO
HPF.TO
Financial Services
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Financial Services
BANK.TO
HPF.TO
-
Basic Materials
BANK.TO
-
HPF.TO
-
Communication Services
BANK.TO
-
HPF.TO
-
Consumer Cyclical
BANK.TO
-
HPF.TO
-
Consumer Defensive
BANK.TO
-
HPF.TO
-
Energy
BANK.TO
-
HPF.TO
Healthcare
BANK.TO
-
HPF.TO
-
Industrials
BANK.TO
-
HPF.TO
-
Real Estate
BANK.TO
-
HPF.TO
-
Technology
BANK.TO
-
HPF.TO
-
Utilities
BANK.TO
-
HPF.TO
-
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BANK.TO vs. HPF.TO — Risk / Return Rank
BANK.TO
HPF.TO
BANK.TO vs. HPF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) and Harvest Energy Leaders Income ETF – Class A Units (HPF.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BANK.TO | HPF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.79 | ||
| Sortino ratioReturn per unit of downside risk | +3.42 | ||
| Omega ratioGain probability vs. loss probability | 1.92 | 1.38 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 8.38 | 3.86 | +4.52 |
| Martin ratioReturn relative to average drawdown | 36.52 | 11.43 | +25.09 |
Loading charts...
Drawdowns
BANK.TO vs. HPF.TO - Drawdown Comparison
The maximum BANK.TO drawdown since its inception was -29.03%, smaller than the maximum HPF.TO drawdown of -72.97%. Use the drawdown chart below to compare losses from any high point for BANK.TO and HPF.TO.
Loading charts...
Drawdown Indicators
| BANK.TO | HPF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.03% | -72.97% | +43.94% |
Max Drawdown (1Y)Largest decline over 1 year | -8.27% | -12.01% | +3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -14.49% | -22.85% | +8.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.11% | — |
Current DrawdownCurrent decline from peak | -0.97% | 0.00% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -26.18% | +17.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 4.05% | -2.15% |
Volatility
BANK.TO vs. HPF.TO - Volatility Comparison
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) and Harvest Energy Leaders Income ETF – Class A Units (HPF.TO) have volatilities of 6.14% and 6.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BANK.TO | HPF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 6.16% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | 16.32% | -4.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.55% | 19.91% | -6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.71% | 23.54% | -7.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 28.03% | -12.32% |
BANK.TO vs. HPF.TO - Expense Ratio Comparison
BANK.TO has a 0.60% expense ratio, which is lower than HPF.TO's 0.99% expense ratio.
Dividends
BANK.TO vs. HPF.TO - Dividend Comparison
BANK.TO's dividend yield for the trailing twelve months is around 12.29%, more than HPF.TO's 7.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 12.29% | 13.73% | 15.28% | 13.60% | 10.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HPF.TO Harvest Energy Leaders Income ETF – Class A Units | 7.58% | 9.93% | 9.80% | 8.75% | 6.58% | 4.61% | 15.32% | 8.74% | 8.78% | 12.87% | 13.58% | 13.31% |
Frequently Asked Questions
BANK.TO and HPF.TO have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BANK.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BANK.TO is cheaper with a 0.60% expense ratio, compared with 0.99% for HPF.TO.
BANK.TO is categorized as Derivative Income, while HPF.TO is Energy Equities. They also come from different issuers: Evolve and Harvest. Their fees differ too: 0.60% for BANK.TO and 0.99% for HPF.TO.
Find the right allocation for BANK.TO and HPF.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer