CNYE.TO vs. HBIL-U.TO
CNYE.TO (Harvest Coinbase Enhanced High Income Shares ETF) and HBIL-U.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units) are both exchange-traded funds - CNYE.TO is a Derivative Income fund actively managed by Harvest, while HBIL-U.TO is a Government Bonds fund actively managed by Hamilton. Both are actively managed. Over the past year, CNYE.TO returned -65.79% vs 6.60% for HBIL-U.TO. At a correlation of -0.01, they often move in opposite directions.
Performance
CNYE.TO vs. HBIL-U.TO - Performance Comparison
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Different Trading Currencies
CNYE.TO is traded in CAD, while HBIL-U.TO is traded in USD. To make them comparable, the HBIL-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CNYE.TO achieves a -31.68% return, which is significantly lower than HBIL-U.TO's 3.86% return.
CNYE.TO
- 1D
- -2.53%
- 1M
- -4.02%
- 6M
- -38.07%
- YTD
- -31.68%
- 1Y
- -65.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBIL-U.TO
- 1D
- -0.00%
- 1M
- 0.12%
- 6M
- 2.21%
- YTD
- 3.86%
- 1Y
- 6.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CNYE.TO vs. HBIL-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CNYE.TO Harvest Coinbase Enhanced High Income Shares ETF | -31.68% | -10.85% |
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 3.86% | -2.40% |
Correlation
The correlation between CNYE.TO and HBIL-U.TO 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 (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2025 | -0.01 |
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Return for Risk
CNYE.TO vs. HBIL-U.TO — Risk / Return Rank
CNYE.TO
HBIL-U.TO
CNYE.TO vs. HBIL-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Coinbase Enhanced High Income Shares ETF (CNYE.TO) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.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.
| CNYE.TO | HBIL-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.47 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.25 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 1.65 | -2.57 |
| Martin ratioReturn relative to average drawdown | -1.33 | 4.19 | -5.52 |
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Drawdowns
CNYE.TO vs. HBIL-U.TO - Drawdown Comparison
The maximum CNYE.TO drawdown since its inception was -72.18%, which is greater than HBIL-U.TO's maximum drawdown of -6.68%. Use the drawdown chart below to compare losses from any high point for CNYE.TO and HBIL-U.TO.
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Drawdown Indicators
| CNYE.TO | HBIL-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.18% | -6.68% | -65.50% |
Max Drawdown (1Y)Largest decline over 1 year | -72.18% | -4.01% | -68.17% |
Current DrawdownCurrent decline from peak | -66.37% | -2.20% | -64.17% |
Average DrawdownAverage peak-to-trough decline | -36.44% | -2.26% | -34.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.39% | 1.58% | +47.81% |
Volatility
CNYE.TO vs. HBIL-U.TO - Volatility Comparison
Harvest Coinbase Enhanced High Income Shares ETF (CNYE.TO) has a higher volatility of 19.97% compared to Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO) at 1.82%. This indicates that CNYE.TO's price experiences larger fluctuations and is considered to be riskier than HBIL-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNYE.TO | HBIL-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.97% | 1.82% | +18.15% |
Volatility (6M)Calculated over the trailing 6-month period | 59.85% | 3.60% | +56.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.22% | 4.68% | +71.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.38% | 5.85% | +75.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.38% | 5.85% | +75.53% |
Dividends
CNYE.TO vs. HBIL-U.TO - Dividend Comparison
CNYE.TO's dividend yield for the trailing twelve months is around 89.39%, more than HBIL-U.TO's 6.74% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CNYE.TO Harvest Coinbase Enhanced High Income Shares ETF | 89.39% | 48.74% | 0.00% |
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 6.74% | 7.37% | 2.40% |
Frequently Asked Questions
CNYE.TO and HBIL-U.TO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNYE.TO is categorized as Derivative Income, while HBIL-U.TO is Government Bonds. They also come from different issuers: Harvest and Hamilton.
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