HBIX.NEO vs. CRCY.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) and Harvest Circle Enhanced High Income Shares ETF Class A Units (CRCY.TO).

HBIX.NEO and CRCY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HBIX.NEO is an actively managed fund by Harvest. It was launched on Apr 28, 2025. CRCY.TO is an actively managed fund by Harvest. It was launched on Sep 26, 2025.

Performance

HBIX.NEO vs. CRCY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) and Harvest Circle Enhanced High Income Shares ETF Class A Units (CRCY.TO). The values are adjusted to include any dividend payments, if applicable.

HBIX.NEO vs. CRCY.TO - Yearly Performance Comparison

	2026 (YTD)	2025
HBIX.NEO Harvest Bitcoin Enhanced Income ETF	-24.07%	-29.65%
CRCY.TO Harvest Circle Enhanced High Income Shares ETF Class A Units	0.42%	-45.43%

Returns By Period

In the year-to-date period, HBIX.NEO achieves a -24.07% return, which is significantly lower than CRCY.TO's 0.42% return.

HBIX.NEO

• 1D: 0.15%
• 1M: 1.72%
• YTD: -24.07%
• 6M: -46.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRCY.TO

• 1D: -6.43%
• 1M: -9.07%
• YTD: 0.42%
• 6M: -45.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HBIX.NEO vs. CRCY.TO - Expense Ratio Comparison

HBIX.NEO

Harvest Bitcoin Enhanced Income ETF

Return for Risk

HBIX.NEO vs. CRCY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) and Harvest Circle Enhanced High Income Shares ETF Class A Units (CRCY.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HBIX.NEO	CRCY.TO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.60	-0.63	+0.04

Correlation

The correlation between HBIX.NEO and CRCY.TO is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HBIX.NEO vs. CRCY.TO - Dividend Comparison

HBIX.NEO's dividend yield for the trailing twelve months is around 37.84%, more than CRCY.TO's 34.18% yield.

	TTM	2025
HBIX.NEO Harvest Bitcoin Enhanced Income ETF	37.84%	20.21%
CRCY.TO Harvest Circle Enhanced High Income Shares ETF Class A Units	34.18%	17.09%

Drawdowns

HBIX.NEO vs. CRCY.TO - Drawdown Comparison

The maximum HBIX.NEO drawdown since its inception was -55.90%, smaller than the maximum CRCY.TO drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for HBIX.NEO and CRCY.TO.

Drawdown Indicators

	HBIX.NEO	CRCY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-55.90%	-73.84%	+17.94%
Current Drawdown Current decline from peak	-49.72%	-54.59%	+4.87%
Average Drawdown Average peak-to-trough decline	-19.91%	-45.94%	+26.03%

Volatility

Volatility by Period

	HBIX.NEO	CRCY.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	52.86%	111.41%	-58.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.86%	111.41%	-58.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.86%	111.41%	-58.55%