ECHI.TO vs. HBF.TO
ECHI.TO (Ninepoint Enhanced Canadian HighShares ETF) and HBF.TO (Harvest US Equity Leaders Income ETF Class A (CAD Hedged)) are both Derivative Income funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. ECHI.TO charges 0.29%/yr vs 0.75%/yr for HBF.TO.
Performance
ECHI.TO vs. HBF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ECHI.TO achieves a 14.81% return, which is significantly higher than HBF.TO's 6.41% return.
ECHI.TO
- 1D
- 0.33%
- 1M
- 3.37%
- YTD
- 14.81%
- 6M
- 15.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBF.TO
- 1D
- 0.09%
- 1M
- -0.50%
- YTD
- 6.41%
- 6M
- 5.87%
- 1Y
- 22.43%
- 3Y*
- 13.26%
- 5Y*
- 7.49%
- 10Y*
- 11.13%
ECHI.TO vs. HBF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF | 14.81% | 20.01% |
HBF.TO Harvest US Equity Leaders Income ETF Class A (CAD Hedged) | 6.41% | 9.10% |
Correlation
The correlation between ECHI.TO and HBF.TO is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025 | 0.54 |
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Return for Risk
ECHI.TO vs. HBF.TO — Risk / Return Rank
ECHI.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HBF.TO
ECHI.TO vs. HBF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO) 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.
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.
| ECHI.TO | HBF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.76 | — |
| Martin ratioReturn relative to average drawdown | — | 11.14 | — |
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Drawdowns
ECHI.TO vs. HBF.TO - Drawdown Comparison
The maximum ECHI.TO drawdown since its inception was -6.84%, smaller than the maximum HBF.TO drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for ECHI.TO and HBF.TO.
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Drawdown Indicators
| ECHI.TO | HBF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.84% | -35.27% | +28.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.79% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.25% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.27% | — |
Current DrawdownCurrent decline from peak | -2.62% | -2.74% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -6.75% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.93% | — |
Volatility
ECHI.TO vs. HBF.TO - Volatility Comparison
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Volatility by Period
| ECHI.TO | HBF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.24% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.86% | 10.53% | +7.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 14.09% | +3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 16.94% | +0.92% |
ECHI.TO vs. HBF.TO - Expense Ratio Comparison
ECHI.TO has a 0.29% expense ratio, which is lower than HBF.TO's 0.75% expense ratio.
Dividends
ECHI.TO vs. HBF.TO - Dividend Comparison
ECHI.TO's dividend yield for the trailing twelve months is around 11.08%, more than HBF.TO's 7.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF | 11.08% | 5.27% | 0.00% | 0.00% | 0.00% | 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) | 7.53% | 7.27% | 7.48% | 7.52% | 7.75% | 5.64% | 6.36% | 6.60% | 7.75% | 6.88% | 7.57% | 7.77% |
Frequently Asked Questions
ECHI.TO and HBF.TO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ECHI.TO is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECHI.TO is cheaper with a 0.29% expense ratio, compared with 0.75% for HBF.TO.
They also come from different issuers: Ninepoint and Harvest Portfolios Group. Their fees differ too: 0.29% for ECHI.TO and 0.75% for HBF.TO.
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