BRKY.NEO vs. HBF.TO

Last updated Jun 5, 2026

BRKY.NEO (Berkshire Hathaway Yield Shares Purpose ETF) and HBF.TO (Harvest US Equity Leaders Income ETF Class A (CAD Hedged)) are both exchange-traded funds - BRKY.NEO is a Large Cap Blend Equities fund actively managed by Purpose Investments, while HBF.TO is a Derivative Income fund actively managed by Harvest Portfolios Group. Both are actively managed. Over the past 3 years, BRKY.NEO returned 14.17%/yr vs 14.74%/yr for HBF.TO. At a 0.41 correlation, their price movements are largely independent. BRKY.NEO charges 0.40%/yr vs 0.75%/yr for HBF.TO.

Performance

BRKY.NEO vs. HBF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Berkshire Hathaway Yield Shares Purpose ETF (BRKY.NEO) and Harvest US Equity Leaders Income ETF Class A (CAD Hedged) (HBF.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRKY.NEO achieves a -6.22% return, which is significantly lower than HBF.TO's 8.92% return.

BRKY.NEO

• 1D: 0.68%
• 1M: 1.77%
• YTD: -6.22%
• 6M: -6.18%
• 1Y: -4.97%
• 3Y*: 14.17%
• 5Y*: —
• 10Y*: —

HBF.TO

• 1D: 0.71%
• 1M: 2.68%
• YTD: 8.92%
• 6M: 7.97%
• 1Y: 26.49%
• 3Y*: 14.74%
• 5Y*: 7.82%
• 10Y*: 11.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BRKY.NEO vs. HBF.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BRKY.NEO Berkshire Hathaway Yield Shares Purpose ETF	-6.22%	9.35%	34.35%	15.68%	2.15%
HBF.TO Harvest US Equity Leaders Income ETF Class A (CAD Hedged)	8.92%	15.51%	13.12%	11.23%	1.31%

Correlation

The correlation between BRKY.NEO and HBF.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since Dec 20, 2022	0.41

Over the past year, the correlation between BRKY.NEO and HBF.TO has dropped to 0.19 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.

BRKY.NEO vs. HBF.TO - Sectors Allocation Comparison

Sectors	BRKY.NEO	HBF.TO
Financial Services	100.0%	19.7%
Basic Materials	-	-
Communication Services	-	10.4%
Consumer Cyclical	-	9.9%
Consumer Defensive	-	15.1%
Energy	-	5.1%
Healthcare	-	5.0%
Industrials	-	5.4%
Real Estate	-	-
Technology	-	29.5%
Utilities	-	-

Return for Risk

BRKY.NEO vs. HBF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRKY.NEO

BRKY.NEO Risk / Return Rank: 5
BRKY.NEO Sharpe Ratio Rank: 6
BRKY.NEO Sortino Ratio Rank: 6
BRKY.NEO Omega Ratio Rank: 5
BRKY.NEO Calmar Ratio Rank: 5
BRKY.NEO Martin Ratio Rank: 4

HBF.TO

HBF.TO Risk / Return Rank: 76
HBF.TO Sharpe Ratio Rank: 79
HBF.TO Sortino Ratio Rank: 82
HBF.TO Omega Ratio Rank: 78
HBF.TO Calmar Ratio Rank: 68
HBF.TO Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRKY.NEO vs. HBF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Yield Shares Purpose ETF (BRKY.NEO) and Harvest US Equity Leaders Income ETF Class A (CAD Hedged) (HBF.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.

	BRKY.NEO	HBF.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	2.52	-2.87
Sortino ratio: Return per unit of downside risk	-0.39	3.60	-3.98
Omega ratio: Gain probability vs. loss probability	0.95	1.45	-0.50
Calmar ratio: Return relative to maximum drawdown	-0.51	3.33	-3.84
Martin ratio: Return relative to average drawdown	-1.07	13.69	-14.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRKY.NEO vs. HBF.TO - Sharpe Ratio Comparison

The current BRKY.NEO Sharpe Ratio is -0.35, which is lower than the HBF.TO Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of BRKY.NEO and HBF.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BRKY.NEO	HBF.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.35	2.52	-2.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.56	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.50	+0.36

Drawdowns

BRKY.NEO vs. HBF.TO - Drawdown Comparison

The maximum BRKY.NEO drawdown since its inception was -17.43%, smaller than the maximum HBF.TO drawdown of -35.28%. Use the drawdown chart below to compare losses from any high point for BRKY.NEO and HBF.TO.

Drawdown Indicators

	BRKY.NEO	HBF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-17.43%	-35.28%	+17.85%
Max Drawdown (1Y) Largest decline over 1 year	-10.55%	-7.79%	-2.76%
Max Drawdown (3Y) Largest decline over 3 years	-17.43%	-15.21%	-2.22%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.28%	—
Current Drawdown Current decline from peak	-15.05%	-0.44%	-14.61%
Average Drawdown Average peak-to-trough decline	-5.63%	-6.76%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.00%	1.89%	+3.11%

Volatility

BRKY.NEO vs. HBF.TO - Volatility Comparison

Berkshire Hathaway Yield Shares Purpose ETF (BRKY.NEO) has a higher volatility of 3.54% compared to Harvest US Equity Leaders Income ETF Class A (CAD Hedged) (HBF.TO) at 2.62%. This indicates that BRKY.NEO's price experiences larger fluctuations and is considered to be riskier than HBF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRKY.NEO	HBF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	2.62%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	11.60%	7.81%	+3.79%
Volatility (1Y) Calculated over the trailing 1-year period	15.23%	10.31%	+4.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.77%	14.07%	+3.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.77%	16.95%	+0.82%

BRKY.NEO vs. HBF.TO - Expense Ratio Comparison

BRKY.NEO has a 0.40% expense ratio, which is lower than HBF.TO's 0.75% expense ratio.

Dividends

BRKY.NEO vs. HBF.TO - Dividend Comparison

BRKY.NEO's dividend yield for the trailing twelve months is around 7.55%, more than HBF.TO's 7.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRKY.NEO Berkshire Hathaway Yield Shares Purpose ETF	7.55%	5.58%	11.30%	5.40%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HBF.TO Harvest US Equity Leaders Income ETF Class A (CAD Hedged)	7.36%	7.27%	7.48%	7.52%	7.75%	5.62%	6.34%	6.57%	7.72%	6.86%	7.54%	7.74%

Frequently Asked Questions

Can I hold both BRKY.NEO and HBF.TO in my portfolio?

BRKY.NEO and HBF.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BRKY.NEO or HBF.TO?

On fees, BRKY.NEO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BRKY.NEO or HBF.TO?

BRKY.NEO is cheaper with a 0.40% expense ratio, compared with 0.75% for HBF.TO.

What is the main difference between BRKY.NEO and HBF.TO?

BRKY.NEO is categorized as Large Cap Blend Equities, while HBF.TO is Derivative Income. They also come from different issuers: Purpose Investments and Harvest Portfolios Group. Their fees differ too: 0.40% for BRKY.NEO and 0.75% for HBF.TO.