HBIE.TO vs. GGRO.TO
HBIE.TO (Harvest Balanced Income & Growth Enhanced ETF) and GGRO.TO (iShares ESG Growth ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past year, HBIE.TO returned 15.23% vs 20.65% for GGRO.TO. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
HBIE.TO vs. GGRO.TO - 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 GGRO.TO's 13.25% return.
HBIE.TO
- 1D
- 0.04%
- 1M
- -0.41%
- 6M
- 6.46%
- YTD
- 7.09%
- 1Y
- 15.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GGRO.TO
- 1D
- -0.24%
- 1M
- 0.08%
- 6M
- 10.59%
- YTD
- 13.25%
- 1Y
- 20.65%
- 3Y*
- 17.64%
- 5Y*
- 10.78%
- 10Y*
- —
HBIE.TO vs. GGRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HBIE.TO Harvest Balanced Income & Growth Enhanced ETF | 7.09% | 10.30% | 6.94% |
GGRO.TO iShares ESG Growth ETF Portfolio | 13.25% | 14.25% | 13.36% |
Correlation
The correlation between HBIE.TO and GGRO.TO is 0.70, 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 | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2024 | 0.60 |
The correlation between HBIE.TO and GGRO.TO shifts across timeframes, from 0.60 (all time) to 0.70 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HBIE.TO vs. GGRO.TO — Risk / Return Rank
HBIE.TO
GGRO.TO
HBIE.TO vs. GGRO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Balanced Income & Growth Enhanced ETF (HBIE.TO) and iShares ESG Growth ETF Portfolio (GGRO.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.
| HBIE.TO | GGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.68 | +0.24 |
| Martin ratioReturn relative to average drawdown | 12.42 | 10.54 | +1.88 |
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Drawdowns
HBIE.TO vs. GGRO.TO - Drawdown Comparison
The maximum HBIE.TO drawdown since its inception was -10.29%, smaller than the maximum GGRO.TO drawdown of -22.12%. Use the drawdown chart below to compare losses from any high point for HBIE.TO and GGRO.TO.
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Drawdown Indicators
| HBIE.TO | GGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.29% | -22.12% | +11.83% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -7.74% | +2.50% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.12% | — |
Current DrawdownCurrent decline from peak | -0.94% | -1.46% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -5.15% | +3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.96% | -0.73% |
Volatility
HBIE.TO vs. GGRO.TO - Volatility Comparison
The current volatility for Harvest Balanced Income & Growth Enhanced ETF (HBIE.TO) is 2.60%, while iShares ESG Growth ETF Portfolio (GGRO.TO) has a volatility of 3.79%. This indicates that HBIE.TO experiences smaller price fluctuations and is considered to be less risky than GGRO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBIE.TO | GGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 3.79% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 10.32% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.85% | 12.67% | -3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.67% | 15.13% | -5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.67% | 16.30% | -6.63% |
Dividends
HBIE.TO vs. GGRO.TO - Dividend Comparison
HBIE.TO's dividend yield for the trailing twelve months is around 9.95%, more than GGRO.TO's 1.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GGRO.TO iShares ESG Growth ETF Portfolio | 1.41% | 1.52% | 1.63% | 1.89% | 1.69% | 1.44% | 0.83% |
HBIE.TO Harvest Balanced Income & Growth Enhanced ETF | 9.95% | 10.12% | 7.56% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HBIE.TO and GGRO.TO have a correlation of 0.70, 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 iShares.
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