CNQE.TO vs. HBIX.NEO

Last updated Apr 14, 2026

CNQE.TO (Harvest CNQ Enhanced High Income Shares ETF) and HBIX.NEO (Harvest Bitcoin Enhanced Income ETF) are both exchange-traded funds — CNQE.TO is a Derivative Income fund actively managed by Harvest, while HBIX.NEO is a Leveraged Cryptocurrency fund actively managed by Harvest. Both are actively managed. At 0.02, their price movements are largely independent. CNQE.TO charges 0.40%/yr vs 0.65%/yr for HBIX.NEO.

Performance

CNQE.TO vs. HBIX.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest CNQ Enhanced High Income Shares ETF (CNQE.TO) and Harvest Bitcoin Enhanced Income ETF (HBIX.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNQE.TO achieves a 38.03% return, which is significantly higher than HBIX.NEO's -17.23% return.

CNQE.TO

• 1D: 2.32%
• 1M: -2.57%
• YTD: 38.03%
• 6M: 46.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HBIX.NEO

• 1D: 1.54%
• 1M: 6.76%
• YTD: -17.23%
• 6M: -39.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CNQE.TO vs. HBIX.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	38.03%	13.80%
HBIX.NEO Harvest Bitcoin Enhanced Income ETF	-17.23%	-24.35%

Correlation

The correlation between CNQE.TO and HBIX.NEO is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025	0.02

Return for Risk

CNQE.TO vs. HBIX.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest CNQ Enhanced High Income Shares ETF (CNQE.TO) and Harvest Bitcoin Enhanced Income ETF (HBIX.NEO). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CNQE.TO	HBIX.NEO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.39	-0.46	+3.85

Drawdowns

CNQE.TO vs. HBIX.NEO - Drawdown Comparison

The maximum CNQE.TO drawdown since its inception was -12.39%, smaller than the maximum HBIX.NEO drawdown of -55.90%. Use the drawdown chart below to compare losses from any high point for CNQE.TO and HBIX.NEO.

Drawdown Indicators

	CNQE.TO	HBIX.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-12.39%	-55.90%	+43.51%
Current Drawdown Current decline from peak	-6.97%	-45.19%	+38.22%
Average Drawdown Average peak-to-trough decline	-2.63%	-20.83%	+18.20%

Volatility

Volatility by Period

	CNQE.TO	HBIX.NEO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	31.20%	52.56%	-21.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.20%	52.56%	-21.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.20%	52.56%	-21.36%

CNQE.TO vs. HBIX.NEO - Expense Ratio Comparison

CNQE.TO has a 0.40% expense ratio, which is lower than HBIX.NEO's 0.65% expense ratio.

Dividends

CNQE.TO vs. HBIX.NEO - Dividend Comparison

CNQE.TO's dividend yield for the trailing twelve months is around 6.52%, less than HBIX.NEO's 34.71% yield.

	TTM	2025
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	6.52%	4.42%
HBIX.NEO Harvest Bitcoin Enhanced Income ETF	34.71%	20.21%