GRO.TO vs. HBIE.TO
GRO.TO (Franklin Growth ETF Portfolio) and HBIE.TO (Harvest Balanced Income & Growth Enhanced ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past year, GRO.TO returned 22.23% vs 14.65% for HBIE.TO. At a 0.09 correlation, their price movements are largely independent.
Performance
GRO.TO vs. HBIE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GRO.TO achieves a 10.52% return, which is significantly higher than HBIE.TO's 6.74% return.
GRO.TO
- 1D
- 0.00%
- 1M
- -0.04%
- 6M
- 8.76%
- YTD
- 10.52%
- 1Y
- 22.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBIE.TO
- 1D
- 0.00%
- 1M
- -0.20%
- 6M
- 5.76%
- YTD
- 6.74%
- 1Y
- 14.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRO.TO vs. HBIE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GRO.TO Franklin Growth ETF Portfolio | 10.52% | 11.09% | 15.17% |
HBIE.TO Harvest Balanced Income & Growth Enhanced ETF | 6.74% | 10.30% | 4.29% |
Correlation
The correlation between GRO.TO and HBIE.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2024 | 0.09 |
The correlation between GRO.TO and HBIE.TO shifts across timeframes, from 0.09 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GRO.TO vs. HBIE.TO — Risk / Return Rank
GRO.TO
HBIE.TO
GRO.TO vs. HBIE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Growth ETF Portfolio (GRO.TO) and Harvest Balanced Income & Growth Enhanced ETF (HBIE.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.
| GRO.TO | HBIE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 2.86 | 1.31 | +1.55 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 2.81 | +1.05 |
| Martin ratioReturn relative to average drawdown | 17.93 | 11.90 | +6.03 |
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Drawdowns
GRO.TO vs. HBIE.TO - Drawdown Comparison
The maximum GRO.TO drawdown since its inception was -12.96%, which is greater than HBIE.TO's maximum drawdown of -10.29%. Use the drawdown chart below to compare losses from any high point for GRO.TO and HBIE.TO.
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Drawdown Indicators
| GRO.TO | HBIE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.96% | -10.29% | -2.67% |
Max Drawdown (1Y)Largest decline over 1 year | -5.81% | -5.24% | -0.57% |
Current DrawdownCurrent decline from peak | -0.48% | -1.27% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -1.21% | -1.75% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.23% | +0.02% |
Volatility
GRO.TO vs. HBIE.TO - Volatility Comparison
The current volatility for Franklin Growth ETF Portfolio (GRO.TO) is 0.57%, while Harvest Balanced Income & Growth Enhanced ETF (HBIE.TO) has a volatility of 2.60%. This indicates that GRO.TO experiences smaller price fluctuations and is considered to be less risky than HBIE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRO.TO | HBIE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 2.60% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.17% | 7.51% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.49% | 8.84% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.80% | 9.65% | +2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.80% | 9.65% | +2.15% |
Dividends
GRO.TO vs. HBIE.TO - Dividend Comparison
GRO.TO's dividend yield for the trailing twelve months is around 1.53%, less than HBIE.TO's 9.98% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GRO.TO Franklin Growth ETF Portfolio | 1.53% | 2.04% | 1.50% |
HBIE.TO Harvest Balanced Income & Growth Enhanced ETF | 9.98% | 10.12% | 7.56% |
Frequently Asked Questions
GRO.TO and HBIE.TO have a correlation of 0.19, 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: Franklin Templeton and Harvest.
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