GOGY.TO vs. HBF.TO
GOGY.TO (Harvest Alphabet Enhanced High Income Shares ETF Class A Units) and HBF.TO (Harvest US Equity Leaders Income ETF Class A (CAD Hedged)) are both Derivative Income funds. Both are actively managed. Over the past year, GOGY.TO returned 123.63% vs 21.17% for HBF.TO. At a 0.45 correlation, their price movements are largely independent. GOGY.TO charges 0.40%/yr vs 0.75%/yr for HBF.TO.
Performance
GOGY.TO vs. HBF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GOGY.TO achieves a 13.52% return, which is significantly higher than HBF.TO's 5.63% return.
GOGY.TO
- 1D
- -0.24%
- 1M
- -7.55%
- YTD
- 13.52%
- 6M
- 13.35%
- 1Y
- 123.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBF.TO
- 1D
- -0.18%
- 1M
- -1.40%
- YTD
- 5.63%
- 6M
- 5.39%
- 1Y
- 21.17%
- 3Y*
- 13.46%
- 5Y*
- 7.40%
- 10Y*
- 11.11%
GOGY.TO vs. HBF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GOGY.TO Harvest Alphabet Enhanced High Income Shares ETF Class A Units | 13.52% | 81.34% |
HBF.TO Harvest US Equity Leaders Income ETF Class A (CAD Hedged) | 5.63% | 14.39% |
Correlation
The correlation between GOGY.TO and HBF.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | 0.45 |
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Return for Risk
GOGY.TO vs. HBF.TO — Risk / Return Rank
GOGY.TO
HBF.TO
GOGY.TO vs. HBF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Alphabet Enhanced High Income Shares ETF Class A Units (GOGY.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.
| GOGY.TO | HBF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.36 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 6.17 | 2.73 | +3.45 |
| Martin ratioReturn relative to average drawdown | 21.55 | 10.70 | +10.85 |
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Drawdowns
GOGY.TO vs. HBF.TO - Drawdown Comparison
The maximum GOGY.TO drawdown since its inception was -20.87%, smaller than the maximum HBF.TO drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for GOGY.TO and HBF.TO.
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Drawdown Indicators
| GOGY.TO | HBF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.87% | -35.27% | +14.40% |
Max Drawdown (1Y)Largest decline over 1 year | -20.14% | -7.79% | -12.35% |
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 | -11.20% | -3.44% | -7.76% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -6.74% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 1.98% | +3.78% |
Volatility
GOGY.TO vs. HBF.TO - Volatility Comparison
Harvest Alphabet Enhanced High Income Shares ETF Class A Units (GOGY.TO) has a higher volatility of 12.52% compared to Harvest US Equity Leaders Income ETF Class A (CAD Hedged) (HBF.TO) at 3.59%. This indicates that GOGY.TO's price experiences larger fluctuations and is considered to be riskier than HBF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOGY.TO | HBF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.52% | 3.59% | +8.93% |
Volatility (6M)Calculated over the trailing 6-month period | 23.14% | 8.21% | +14.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.05% | 10.70% | +21.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.11% | 14.09% | +21.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.11% | 16.96% | +18.15% |
GOGY.TO vs. HBF.TO - Expense Ratio Comparison
GOGY.TO has a 0.40% expense ratio, which is lower than HBF.TO's 0.75% expense ratio.
Dividends
GOGY.TO vs. HBF.TO - Dividend Comparison
GOGY.TO's dividend yield for the trailing twelve months is around 12.87%, more than HBF.TO's 7.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOGY.TO Harvest Alphabet Enhanced High Income Shares ETF Class A Units | 12.87% | 8.04% | 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) | 7.59% | 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
GOGY.TO and HBF.TO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GOGY.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GOGY.TO is cheaper with a 0.40% expense ratio, compared with 0.75% for HBF.TO.
They also come from different issuers: Harvest and Harvest Portfolios Group. Their fees differ too: 0.40% for GOGY.TO and 0.75% for HBF.TO.
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