HBIE.TO vs. FEQT.NEO
HBIE.TO (Harvest Balanced Income & Growth Enhanced ETF) and FEQT.NEO (Fidelity All-in-One Equity ETF Fund) are both Diversified Portfolio funds. Both are actively managed. Over the past year, HBIE.TO returned 15.23% vs 25.16% for FEQT.NEO. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
HBIE.TO vs. FEQT.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, HBIE.TO achieves a 7.09% return, which is significantly lower than FEQT.NEO's 12.75% return.
HBIE.TO
- 1D
- 0.04%
- 1M
- -0.41%
- 6M
- 6.46%
- YTD
- 7.09%
- 1Y
- 15.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FEQT.NEO
- 1D
- 0.11%
- 1M
- 0.59%
- 6M
- 8.22%
- YTD
- 12.75%
- 1Y
- 25.16%
- 3Y*
- 23.27%
- 5Y*
- —
- 10Y*
- —
HBIE.TO vs. FEQT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HBIE.TO Harvest Balanced Income & Growth Enhanced ETF | 7.09% | 10.30% | 6.94% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 12.75% | 19.42% | 15.09% |
Correlation
The correlation between HBIE.TO and FEQT.NEO is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2024 | 0.52 |
The correlation between HBIE.TO and FEQT.NEO shifts across timeframes, from 0.52 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HBIE.TO vs. FEQT.NEO — Risk / Return Rank
HBIE.TO
FEQT.NEO
HBIE.TO vs. FEQT.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Balanced Income & Growth Enhanced ETF (HBIE.TO) and Fidelity All-in-One Equity ETF Fund (FEQT.NEO). 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.
| HBIE.TO | FEQT.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.41 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 3.04 | -0.12 |
| Martin ratioReturn relative to average drawdown | 12.42 | 12.73 | -0.31 |
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Drawdowns
HBIE.TO vs. FEQT.NEO - Drawdown Comparison
The maximum HBIE.TO drawdown since its inception was -10.29%, smaller than the maximum FEQT.NEO drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for HBIE.TO and FEQT.NEO.
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Drawdown Indicators
| HBIE.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.29% | -15.98% | +5.69% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -8.31% | +3.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.24% | — |
Current DrawdownCurrent decline from peak | -0.94% | -1.77% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -2.83% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.98% | -0.75% |
Volatility
HBIE.TO vs. FEQT.NEO - Volatility Comparison
Harvest Balanced Income & Growth Enhanced ETF (HBIE.TO) and Fidelity All-in-One Equity ETF Fund (FEQT.NEO) have volatilities of 2.60% and 2.69%, 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
| HBIE.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 2.69% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 10.09% | -2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.85% | 12.11% | -3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.67% | 12.57% | -2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.67% | 12.57% | -2.90% |
Dividends
HBIE.TO vs. FEQT.NEO - Dividend Comparison
HBIE.TO's dividend yield for the trailing twelve months is around 9.95%, more than FEQT.NEO's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 0.81% | 0.91% | 0.91% | 1.33% | 1.23% |
HBIE.TO Harvest Balanced Income & Growth Enhanced ETF | 9.95% | 10.12% | 7.56% | 0.00% | 0.00% |
Frequently Asked Questions
HBIE.TO and FEQT.NEO have a correlation of 0.63, 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: Harvest and Fidelity.
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