HBIE.TO vs. VRIF.TO
HBIE.TO (Harvest Balanced Income & Growth Enhanced ETF) and VRIF.TO (Vanguard Retirement Income ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past year, HBIE.TO returned 15.23% vs 11.24% for VRIF.TO. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
HBIE.TO vs. VRIF.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 higher than VRIF.TO's 4.89% return.
HBIE.TO
- 1D
- 0.04%
- 1M
- -0.41%
- 6M
- 6.46%
- YTD
- 7.09%
- 1Y
- 15.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VRIF.TO
- 1D
- 0.15%
- 1M
- -0.41%
- 6M
- 3.17%
- YTD
- 4.89%
- 1Y
- 11.24%
- 3Y*
- 9.37%
- 5Y*
- 4.36%
- 10Y*
- —
HBIE.TO vs. VRIF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HBIE.TO Harvest Balanced Income & Growth Enhanced ETF | 7.09% | 10.30% | 6.94% |
VRIF.TO Vanguard Retirement Income ETF Portfolio | 4.89% | 10.60% | 7.95% |
Correlation
The correlation between HBIE.TO and VRIF.TO is 0.73, 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 | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2024 | 0.64 |
The correlation between HBIE.TO and VRIF.TO has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
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Return for Risk
HBIE.TO vs. VRIF.TO — Risk / Return Rank
HBIE.TO
VRIF.TO
HBIE.TO vs. VRIF.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 Vanguard Retirement Income ETF Portfolio (VRIF.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 | VRIF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.39 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.47 | +0.45 |
| Martin ratioReturn relative to average drawdown | 12.42 | 10.10 | +2.32 |
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Drawdowns
HBIE.TO vs. VRIF.TO - Drawdown Comparison
The maximum HBIE.TO drawdown since its inception was -10.29%, smaller than the maximum VRIF.TO drawdown of -16.19%. Use the drawdown chart below to compare losses from any high point for HBIE.TO and VRIF.TO.
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Drawdown Indicators
| HBIE.TO | VRIF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.29% | -16.19% | +5.90% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -4.57% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.19% | — |
Current DrawdownCurrent decline from peak | -0.94% | -0.95% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -3.81% | +2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.11% | +0.12% |
Volatility
HBIE.TO vs. VRIF.TO - Volatility Comparison
Harvest Balanced Income & Growth Enhanced ETF (HBIE.TO) has a higher volatility of 2.60% compared to Vanguard Retirement Income ETF Portfolio (VRIF.TO) at 1.39%. This indicates that HBIE.TO's price experiences larger fluctuations and is considered to be riskier than VRIF.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 | VRIF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 1.39% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 4.93% | +2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.85% | 5.61% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.67% | 6.28% | +3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.67% | 6.25% | +3.42% |
Dividends
HBIE.TO vs. VRIF.TO - Dividend Comparison
HBIE.TO's dividend yield for the trailing twelve months is around 9.95%, more than VRIF.TO's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
HBIE.TO Harvest Balanced Income & Growth Enhanced ETF | 9.95% | 10.12% | 7.56% | 0.00% | 0.00% | 0.00% | 0.00% |
VRIF.TO Vanguard Retirement Income ETF Portfolio | 3.76% | 3.77% | 3.94% | 4.32% | 4.72% | 3.86% | 1.27% |
Frequently Asked Questions
HBIE.TO and VRIF.TO have a correlation of 0.73, 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 Vanguard.
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