HBF.TO vs. ECHI.TO
HBF.TO (Harvest US Equity Leaders Income ETF Class A (CAD Hedged)) and ECHI.TO (Ninepoint Enhanced Canadian HighShares ETF) are both Derivative Income funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. HBF.TO charges 0.75%/yr vs 0.29%/yr for ECHI.TO.
Performance
HBF.TO vs. ECHI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HBF.TO achieves a 8.15% return, which is significantly lower than ECHI.TO's 16.77% return.
HBF.TO
- 1D
- -1.15%
- 1M
- 3.49%
- YTD
- 8.15%
- 6M
- 7.25%
- 1Y
- 25.20%
- 3Y*
- 14.19%
- 5Y*
- 7.67%
- 10Y*
- 11.18%
ECHI.TO
- 1D
- -0.95%
- 1M
- 4.10%
- YTD
- 16.77%
- 6M
- 19.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBF.TO vs. ECHI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBF.TO Harvest US Equity Leaders Income ETF Class A (CAD Hedged) | 8.15% | 7.93% |
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF | 16.77% | 20.01% |
Correlation
The correlation between HBF.TO and ECHI.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 25, 2025 | 0.54 |
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Return for Risk
HBF.TO vs. ECHI.TO — Risk / Return Rank
HBF.TO
ECHI.TO
HBF.TO vs. ECHI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest US Equity Leaders Income ETF Class A (CAD Hedged) (HBF.TO) and Ninepoint Enhanced Canadian HighShares ETF (ECHI.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.
| HBF.TO | ECHI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.44 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | — | — |
| Martin ratioReturn relative to average drawdown | 13.35 | — | — |
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
| HBF.TO | ECHI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 3.14 | -2.64 |
Drawdowns
HBF.TO vs. ECHI.TO - Drawdown Comparison
The maximum HBF.TO drawdown since its inception was -35.28%, which is greater than ECHI.TO's maximum drawdown of -6.84%. Use the drawdown chart below to compare losses from any high point for HBF.TO and ECHI.TO.
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Drawdown Indicators
| HBF.TO | ECHI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.28% | -6.84% | -28.44% |
Max Drawdown (1Y)Largest decline over 1 year | -7.79% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.21% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.28% | — | — |
Current DrawdownCurrent decline from peak | -1.15% | -0.95% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -1.26% | -5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | — | — |
Volatility
HBF.TO vs. ECHI.TO - Volatility Comparison
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Volatility by Period
| HBF.TO | ECHI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.29% | 17.48% | -7.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.07% | 17.48% | -3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.95% | 17.48% | -0.53% |
HBF.TO vs. ECHI.TO - Expense Ratio Comparison
HBF.TO has a 0.75% expense ratio, which is higher than ECHI.TO's 0.29% expense ratio.
Dividends
HBF.TO vs. ECHI.TO - Dividend Comparison
HBF.TO's dividend yield for the trailing twelve months is around 7.41%, less than ECHI.TO's 10.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF | 10.90% | 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) | 7.41% | 7.27% | 7.48% | 7.52% | 7.75% | 5.62% | 6.34% | 6.57% | 7.72% | 6.86% | 7.54% | 7.74% |
Frequently Asked Questions
HBF.TO and ECHI.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: Harvest Portfolios Group and Ninepoint. Their fees differ too: 0.75% for HBF.TO and 0.29% for ECHI.TO.
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