FLI.TO vs. HPYT.TO
FLI.TO (CI U.S. & Canada Lifeco Covered Call ETF (Hedged Common Units)) and HPYT.TO (Harvest Premium Yield Treasury ETF A) are both Derivative Income funds. Both are actively managed. Over the past year, FLI.TO returned 15.01% vs 5.01% for HPYT.TO. At a 0.09 correlation, their price movements are largely independent.
Performance
FLI.TO vs. HPYT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FLI.TO achieves a 3.96% return, which is significantly higher than HPYT.TO's -0.30% return.
FLI.TO
- 1D
- -1.56%
- 1M
- 1.91%
- YTD
- 3.96%
- 6M
- 7.77%
- 1Y
- 15.01%
- 3Y*
- 17.18%
- 5Y*
- 9.58%
- 10Y*
- 8.85%
HPYT.TO
- 1D
- -0.31%
- 1M
- 0.63%
- YTD
- -0.30%
- 6M
- -1.79%
- 1Y
- 5.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLI.TO vs. HPYT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FLI.TO CI U.S. & Canada Lifeco Covered Call ETF (Hedged Common Units) | 3.96% | 13.94% | 20.20% | 7.16% |
HPYT.TO Harvest Premium Yield Treasury ETF A | -0.30% | 4.39% | -5.96% | 4.46% |
Correlation
The correlation between FLI.TO and HPYT.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023 | 0.09 |
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Return for Risk
FLI.TO vs. HPYT.TO — Risk / Return Rank
FLI.TO
HPYT.TO
FLI.TO vs. HPYT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI U.S. & Canada Lifeco Covered Call ETF (Hedged Common Units) (FLI.TO) and Harvest Premium Yield Treasury ETF A (HPYT.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.
| FLI.TO | HPYT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.11 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 0.76 | +0.75 |
| Martin ratioReturn relative to average drawdown | 4.62 | 2.06 | +2.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLI.TO | HPYT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.62 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.08 | +0.31 |
Drawdowns
FLI.TO vs. HPYT.TO - Drawdown Comparison
The maximum FLI.TO drawdown since its inception was -56.31%, which is greater than HPYT.TO's maximum drawdown of -13.17%. Use the drawdown chart below to compare losses from any high point for FLI.TO and HPYT.TO.
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Drawdown Indicators
| FLI.TO | HPYT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.31% | -13.17% | -43.14% |
Max Drawdown (1Y)Largest decline over 1 year | -10.00% | -6.61% | -3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.31% | — | — |
Current DrawdownCurrent decline from peak | -2.68% | -7.33% | +4.65% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -5.86% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 2.44% | +0.82% |
Volatility
FLI.TO vs. HPYT.TO - Volatility Comparison
CI U.S. & Canada Lifeco Covered Call ETF (Hedged Common Units) (FLI.TO) has a higher volatility of 3.56% compared to Harvest Premium Yield Treasury ETF A (HPYT.TO) at 2.78%. This indicates that FLI.TO's price experiences larger fluctuations and is considered to be riskier than HPYT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLI.TO | HPYT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 2.78% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 5.67% | +4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.75% | 8.14% | +5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 10.87% | +7.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.63% | 10.87% | +12.76% |
Dividends
FLI.TO vs. HPYT.TO - Dividend Comparison
FLI.TO's dividend yield for the trailing twelve months is around 7.52%, less than HPYT.TO's 17.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLI.TO CI U.S. & Canada Lifeco Covered Call ETF (Hedged Common Units) | 7.52% | 6.63% | 6.36% | 7.23% | 7.43% | 6.52% | 11.67% | 6.18% | 7.23% | 5.05% | 5.68% | 5.14% |
HPYT.TO Harvest Premium Yield Treasury ETF A | 17.40% | 18.87% | 18.61% | 3.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLI.TO and HPYT.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: CI Global Asset Management and Harvest.
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