CRCY.TO vs. HBIX.NEO

Last updated Apr 2, 2026

Compare and contrast key facts about Harvest Circle Enhanced High Income Shares ETF Class A Units (CRCY.TO) and Harvest Bitcoin Enhanced Income ETF (HBIX.NEO).

CRCY.TO and HBIX.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRCY.TO is an actively managed fund by Harvest. It was launched on Sep 26, 2025. HBIX.NEO is an actively managed fund by Harvest. It was launched on Apr 28, 2025.

Performance

CRCY.TO vs. HBIX.NEO - Performance Comparison

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

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

	2026 (YTD)	2025
CRCY.TO Harvest Circle Enhanced High Income Shares ETF Class A Units	0.42%	-45.43%
HBIX.NEO Harvest Bitcoin Enhanced Income ETF	-24.07%	-29.65%

Returns By Period

In the year-to-date period, CRCY.TO achieves a 0.42% return, which is significantly higher than HBIX.NEO's -24.07% return.

CRCY.TO

• 1D: -6.43%
• 1M: -9.07%
• YTD: 0.42%
• 6M: -45.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HBIX.NEO

• 1D: 0.15%
• 1M: 1.72%
• YTD: -24.07%
• 6M: -46.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

HBIX.NEO

Harvest Bitcoin Enhanced Income ETF

Return for Risk

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

This table presents a comparison of risk-adjusted performance metrics for Harvest Circle Enhanced High Income Shares ETF Class A Units (CRCY.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

	CRCY.TO	HBIX.NEO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	-0.60	-0.04

Correlation

The correlation between CRCY.TO and HBIX.NEO is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CRCY.TO vs. HBIX.NEO - Dividend Comparison

CRCY.TO's dividend yield for the trailing twelve months is around 34.18%, less than HBIX.NEO's 37.84% yield.

	TTM	2025
CRCY.TO Harvest Circle Enhanced High Income Shares ETF Class A Units	34.18%	17.09%
HBIX.NEO Harvest Bitcoin Enhanced Income ETF	37.84%	20.21%

Drawdowns

CRCY.TO vs. HBIX.NEO - Drawdown Comparison

The maximum CRCY.TO drawdown since its inception was -73.84%, which is greater than HBIX.NEO's maximum drawdown of -55.90%. Use the drawdown chart below to compare losses from any high point for CRCY.TO and HBIX.NEO.

Drawdown Indicators

	CRCY.TO	HBIX.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-73.84%	-55.90%	-17.94%
Current Drawdown Current decline from peak	-54.59%	-49.72%	-4.87%
Average Drawdown Average peak-to-trough decline	-45.94%	-19.91%	-26.03%

Volatility

Volatility by Period

	CRCY.TO	HBIX.NEO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	111.41%	52.86%	+58.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	111.41%	52.86%	+58.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	111.41%	52.86%	+58.55%