HBIE.TO vs. XGRO.TO
HBIE.TO (Harvest Balanced Income & Growth Enhanced ETF) and XGRO.TO (iShares Core Growth ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past year, HBIE.TO returned 14.65% vs 19.10% for XGRO.TO. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
HBIE.TO vs. XGRO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HBIE.TO achieves a 6.74% return, which is significantly lower than XGRO.TO's 10.26% return.
HBIE.TO
- 1D
- 0.00%
- 1M
- -0.20%
- 6M
- 5.76%
- YTD
- 6.74%
- 1Y
- 14.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XGRO.TO
- 1D
- -0.73%
- 1M
- -0.56%
- 6M
- 6.56%
- YTD
- 10.26%
- 1Y
- 19.10%
- 3Y*
- 17.03%
- 5Y*
- 10.34%
- 10Y*
- 9.89%
HBIE.TO vs. XGRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HBIE.TO Harvest Balanced Income & Growth Enhanced ETF | 6.74% | 10.30% | 6.94% |
XGRO.TO iShares Core Growth ETF Portfolio | 10.26% | 15.62% | 13.86% |
Correlation
The correlation between HBIE.TO and XGRO.TO is 0.67, 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 | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2024 | 0.60 |
The correlation between HBIE.TO and XGRO.TO has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.
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Return for Risk
HBIE.TO vs. XGRO.TO — Risk / Return Rank
HBIE.TO
XGRO.TO
HBIE.TO vs. XGRO.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 Core Growth ETF Portfolio (XGRO.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 | XGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 2.69 | +0.12 |
| Martin ratioReturn relative to average drawdown | 11.90 | 11.63 | +0.27 |
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Drawdowns
HBIE.TO vs. XGRO.TO - Drawdown Comparison
The maximum HBIE.TO drawdown since its inception was -10.29%, smaller than the maximum XGRO.TO drawdown of -47.99%. Use the drawdown chart below to compare losses from any high point for HBIE.TO and XGRO.TO.
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Drawdown Indicators
| HBIE.TO | XGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.29% | -47.99% | +37.70% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -7.12% | +1.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.85% | — |
Current DrawdownCurrent decline from peak | -1.27% | -2.39% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -8.46% | +6.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.65% | -0.42% |
Volatility
HBIE.TO vs. XGRO.TO - Volatility Comparison
The current volatility for Harvest Balanced Income & Growth Enhanced ETF (HBIE.TO) is 2.60%, while iShares Core Growth ETF Portfolio (XGRO.TO) has a volatility of 3.03%. This indicates that HBIE.TO experiences smaller price fluctuations and is considered to be less risky than XGRO.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 | XGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 3.03% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 9.74% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.84% | 11.33% | -2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.65% | 11.16% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.65% | 13.27% | -3.62% |
Dividends
HBIE.TO vs. XGRO.TO - Dividend Comparison
HBIE.TO's dividend yield for the trailing twelve months is around 9.98%, more than XGRO.TO's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBIE.TO Harvest Balanced Income & Growth Enhanced ETF | 9.98% | 10.12% | 7.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XGRO.TO iShares Core Growth ETF Portfolio | 1.91% | 1.94% | 2.01% | 2.27% | 1.89% | 1.70% | 1.99% | 2.27% | 7.62% | 2.09% | 2.70% | 2.17% |
Frequently Asked Questions
HBIE.TO and XGRO.TO have a correlation of 0.67, 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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