HBF.TO vs. HPYT.TO
HBF.TO (Harvest US Equity Leaders Income ETF Class A (CAD Hedged)) and HPYT.TO (Harvest Premium Yield Treasury ETF A) are both Derivative Income funds. Both are actively managed. Over the past year, HBF.TO returned 25.20% vs 5.01% for HPYT.TO. At a 0.20 correlation, their price movements are largely independent. HBF.TO charges 0.75%/yr vs 0.45%/yr for HPYT.TO.
Performance
HBF.TO vs. HPYT.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 higher than HPYT.TO's -0.30% 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%
HPYT.TO
- 1D
- -0.31%
- 1M
- 0.63%
- YTD
- -0.30%
- 6M
- -1.79%
- 1Y
- 5.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBF.TO vs. HPYT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HBF.TO Harvest US Equity Leaders Income ETF Class A (CAD Hedged) | 8.15% | 15.51% | 13.12% | 7.48% |
HPYT.TO Harvest Premium Yield Treasury ETF A | -0.30% | 4.39% | -5.96% | 4.46% |
Correlation
The correlation between HBF.TO and HPYT.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023 | 0.20 |
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Return for Risk
HBF.TO vs. HPYT.TO — Risk / Return Rank
HBF.TO
HPYT.TO
HBF.TO vs. HPYT.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 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.
| HBF.TO | HPYT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.11 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 0.76 | +2.49 |
| Martin ratioReturn relative to average drawdown | 13.35 | 2.06 | +11.29 |
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 | HPYT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 0.62 | +1.84 |
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 | 0.08 | +0.42 |
Drawdowns
HBF.TO vs. HPYT.TO - Drawdown Comparison
The maximum HBF.TO drawdown since its inception was -35.28%, 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 HBF.TO and HPYT.TO.
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Drawdown Indicators
| HBF.TO | HPYT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.28% | -13.17% | -22.11% |
Max Drawdown (1Y)Largest decline over 1 year | -7.79% | -6.61% | -1.18% |
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% | -7.33% | +6.18% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -5.86% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.44% | -0.55% |
Volatility
HBF.TO vs. HPYT.TO - Volatility Comparison
Harvest US Equity Leaders Income ETF Class A (CAD Hedged) (HBF.TO) and Harvest Premium Yield Treasury ETF A (HPYT.TO) have volatilities of 2.65% and 2.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBF.TO | HPYT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 2.78% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 5.67% | +2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.29% | 8.14% | +2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.07% | 10.87% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.95% | 10.87% | +6.08% |
HBF.TO vs. HPYT.TO - Expense Ratio Comparison
HBF.TO has a 0.75% expense ratio, which is higher than HPYT.TO's 0.45% expense ratio.
Dividends
HBF.TO vs. HPYT.TO - Dividend Comparison
HBF.TO's dividend yield for the trailing twelve months is around 7.41%, less than HPYT.TO's 17.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
HBF.TO and HPYT.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HPYT.TO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HPYT.TO is cheaper with a 0.45% expense ratio, compared with 0.75% for HBF.TO.
They also come from different issuers: Harvest Portfolios Group and Harvest. Their fees differ too: 0.75% for HBF.TO and 0.45% for HPYT.TO.
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