HBIX.NEO vs. ^GSPC
Compare and contrast key facts about Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) and S&P 500 Index (^GSPC).
HBIX.NEO is an actively managed fund by Harvest. It was launched on Apr 28, 2025.
Performance
HBIX.NEO vs. ^GSPC - Performance Comparison
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HBIX.NEO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBIX.NEO Harvest Bitcoin Enhanced Income ETF | -24.07% | -6.82% |
^GSPC S&P 500 Index | -2.73% | 22.24% |
Different Trading Currencies
HBIX.NEO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HBIX.NEO achieves a -24.07% return, which is significantly lower than ^GSPC's -3.34% return.
HBIX.NEO
- 1D
- 0.15%
- 1M
- 1.72%
- YTD
- -24.07%
- 6M
- -46.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- 0.00%
- 1M
- -3.51%
- YTD
- -3.34%
- 6M
- -2.91%
- 1Y
- 12.69%
- 3Y*
- 17.80%
- 5Y*
- 12.48%
- 10Y*
- 12.91%
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Return for Risk
HBIX.NEO vs. ^GSPC — Risk / Return Rank
HBIX.NEO
^GSPC
HBIX.NEO vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) and S&P 500 Index (^GSPC). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| HBIX.NEO | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.70 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.60 | 0.91 | -1.51 |
Correlation
The correlation between HBIX.NEO and ^GSPC is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Drawdowns
HBIX.NEO vs. ^GSPC - Drawdown Comparison
The maximum HBIX.NEO drawdown since its inception was -55.90%, which is greater than ^GSPC's maximum drawdown of -27.59%. Use the drawdown chart below to compare losses from any high point for HBIX.NEO and ^GSPC.
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Drawdown Indicators
| HBIX.NEO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.90% | -56.78% | +0.88% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -49.72% | -5.78% | -43.94% |
Average DrawdownAverage peak-to-trough decline | -19.91% | -10.75% | -9.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.60% | — |
Volatility
HBIX.NEO vs. ^GSPC - Volatility Comparison
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Volatility by Period
| HBIX.NEO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.60% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 52.86% | 18.11% | +34.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.86% | 14.99% | +37.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.86% | 16.33% | +36.53% |