CEW.TO vs. HPYB.TO
CEW.TO (iShares Equal Weight Banc & Lifeco ETF) and HPYB.TO (Harvest Premium Yield Canadian Bank ETF) are both exchange-traded funds - CEW.TO is a Financials Equities fund tracking the Morningstar Gbl Fin Svc GR CAD, while HPYB.TO is a Derivative Income fund actively managed by Harvest. CEW.TO is passively managed, while HPYB.TO is actively managed. Their correlation of 0.85 suggests significant overlap in exposure.
Performance
CEW.TO vs. HPYB.TO - Performance Comparison
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Returns By Period
CEW.TO
- 1D
- -0.48%
- 1M
- 7.16%
- 6M
- 28.88%
- YTD
- 30.75%
- 1Y
- 58.52%
- 3Y*
- 34.47%
- 5Y*
- 20.92%
- 10Y*
- 16.61%
HPYB.TO
- 1D
- -0.08%
- 1M
- 3.60%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEW.TO vs. HPYB.TO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CEW.TO iShares Equal Weight Banc & Lifeco ETF | 31.37% |
HPYB.TO Harvest Premium Yield Canadian Bank ETF | 17.25% |
Correlation
The correlation between CEW.TO and HPYB.TO is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 21, 2026 | 0.85 |
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Return for Risk
CEW.TO vs. HPYB.TO — Risk / Return Rank
CEW.TO
HPYB.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CEW.TO vs. HPYB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Equal Weight Banc & Lifeco ETF (CEW.TO) and Harvest Premium Yield Canadian Bank ETF (HPYB.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.
| CEW.TO | HPYB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.90 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 8.25 | — | — |
| Martin ratioReturn relative to average drawdown | 30.44 | — | — |
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Drawdowns
CEW.TO vs. HPYB.TO - Drawdown Comparison
The maximum CEW.TO drawdown since its inception was -53.50%, which is greater than HPYB.TO's maximum drawdown of -6.37%. Use the drawdown chart below to compare losses from any high point for CEW.TO and HPYB.TO.
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Drawdown Indicators
| CEW.TO | HPYB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.50% | -6.37% | -47.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -12.72% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.66% | — | — |
Current DrawdownCurrent decline from peak | -0.48% | -0.08% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -1.11% | -5.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | — | — |
Volatility
CEW.TO vs. HPYB.TO - Volatility Comparison
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Volatility by Period
| CEW.TO | HPYB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.85% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.01% | 11.92% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 11.92% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 11.92% | +5.07% |
Dividends
CEW.TO vs. HPYB.TO - Dividend Comparison
CEW.TO's dividend yield for the trailing twelve months is around 2.18%, less than HPYB.TO's 5.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEW.TO iShares Equal Weight Banc & Lifeco ETF | 2.18% | 2.82% | 3.41% | 3.98% | 3.95% | 3.10% | 3.83% | 3.39% | 3.13% | 2.62% | 2.70% | 2.91% |
HPYB.TO Harvest Premium Yield Canadian Bank ETF | 5.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CEW.TO and HPYB.TO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEW.TO is categorized as Financials Equities, while HPYB.TO is Derivative Income. They also come from different issuers: iShares and Harvest.
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