HBIE.TO vs. HDIF.TO
HBIE.TO (Harvest Balanced Income & Growth Enhanced ETF) and HDIF.TO (Harvest Diversified Monthly Income ETF - Class A Units) are both exchange-traded funds - HBIE.TO is a Diversified Portfolio fund actively managed by Harvest, while HDIF.TO is a Derivative Income fund actively managed by Harvest. Both are actively managed. Over the past year, HBIE.TO returned 15.23% vs 24.79% for HDIF.TO. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
HBIE.TO vs. HDIF.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 HDIF.TO's 13.08% return.
HBIE.TO
- 1D
- 0.04%
- 1M
- -0.41%
- 6M
- 6.46%
- YTD
- 7.09%
- 1Y
- 15.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDIF.TO
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- 11.58%
- YTD
- 13.08%
- 1Y
- 24.79%
- 3Y*
- 17.74%
- 5Y*
- —
- 10Y*
- —
HBIE.TO vs. HDIF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HBIE.TO Harvest Balanced Income & Growth Enhanced ETF | 7.09% | 10.30% | 6.94% |
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | 13.08% | 15.70% | 16.27% |
Correlation
The correlation between HBIE.TO and HDIF.TO is 0.75, 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 | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2024 | 0.67 |
The correlation between HBIE.TO and HDIF.TO has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
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Return for Risk
HBIE.TO vs. HDIF.TO — Risk / Return Rank
HBIE.TO
HDIF.TO
HBIE.TO vs. HDIF.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 Harvest Diversified Monthly Income ETF - Class A Units (HDIF.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 | HDIF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.83 | +0.09 |
| Martin ratioReturn relative to average drawdown | 12.42 | 11.61 | +0.81 |
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Drawdowns
HBIE.TO vs. HDIF.TO - Drawdown Comparison
The maximum HBIE.TO drawdown since its inception was -10.29%, smaller than the maximum HDIF.TO drawdown of -24.08%. Use the drawdown chart below to compare losses from any high point for HBIE.TO and HDIF.TO.
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Drawdown Indicators
| HBIE.TO | HDIF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.29% | -24.08% | +13.79% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -8.79% | +3.55% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.59% | — |
Current DrawdownCurrent decline from peak | -0.94% | -0.63% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -6.51% | +4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 2.14% | -0.91% |
Volatility
HBIE.TO vs. HDIF.TO - Volatility Comparison
The current volatility for Harvest Balanced Income & Growth Enhanced ETF (HBIE.TO) is 2.60%, while Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) has a volatility of 2.83%. This indicates that HBIE.TO experiences smaller price fluctuations and is considered to be less risky than HDIF.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 | HDIF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 2.83% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 10.90% | -3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.85% | 13.05% | -4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.67% | 17.37% | -7.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.67% | 17.37% | -7.70% |
Dividends
HBIE.TO vs. HDIF.TO - Dividend Comparison
HBIE.TO's dividend yield for the trailing twelve months is around 9.95%, less than HDIF.TO's 10.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HBIE.TO Harvest Balanced Income & Growth Enhanced ETF | 9.95% | 10.12% | 7.56% | 0.00% | 0.00% |
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | 10.34% | 9.95% | 10.14% | 10.59% | 8.93% |
Frequently Asked Questions
HBIE.TO and HDIF.TO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBIE.TO is categorized as Diversified Portfolio, while HDIF.TO is Derivative Income.
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