HBIX.NEO vs. HDIV.TO
HBIX.NEO (Harvest Bitcoin Enhanced Income ETF) and HDIV.TO (Hamilton Enhanced Canadian Covered Call ETF) are both exchange-traded funds - HBIX.NEO is a Leveraged Cryptocurrency fund actively managed by Harvest, while HDIV.TO is a Derivative Income fund actively managed by Hamilton ETFs. Both are actively managed. Over the past year, HBIX.NEO returned -39.38% vs 47.74% for HDIV.TO. At a 0.40 correlation, their price movements are largely independent. HBIX.NEO charges 0.65%/yr vs 0.00%/yr for HDIV.TO.
Performance
HBIX.NEO vs. HDIV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HBIX.NEO achieves a -27.17% return, which is significantly lower than HDIV.TO's 18.67% return.
HBIX.NEO
- 1D
- 5.20%
- 1M
- -17.92%
- YTD
- -27.17%
- 6M
- -25.02%
- 1Y
- -39.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDIV.TO
- 1D
- 1.37%
- 1M
- 5.14%
- YTD
- 18.67%
- 6M
- 19.20%
- 1Y
- 47.74%
- 3Y*
- 28.04%
- 5Y*
- —
- 10Y*
- —
HBIX.NEO vs. HDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBIX.NEO Harvest Bitcoin Enhanced Income ETF | -27.17% | -9.56% |
HDIV.TO Hamilton Enhanced Canadian Covered Call ETF | 18.67% | 33.29% |
Correlation
The correlation between HBIX.NEO and HDIV.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 5, 2025 | 0.40 |
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Return for Risk
HBIX.NEO vs. HDIV.TO — Risk / Return Rank
HBIX.NEO
HDIV.TO
HBIX.NEO vs. HDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) and Hamilton Enhanced Canadian Covered Call ETF (HDIV.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.
| HBIX.NEO | HDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.47 | ||
| Sortino ratioReturn per unit of downside risk | -5.65 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.68 | -0.79 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 5.49 | -6.19 |
| Martin ratioReturn relative to average drawdown | -1.19 | 26.30 | -27.50 |
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Drawdowns
HBIX.NEO vs. HDIV.TO - Drawdown Comparison
The maximum HBIX.NEO drawdown since its inception was -57.09%, which is greater than HDIV.TO's maximum drawdown of -22.32%. Use the drawdown chart below to compare losses from any high point for HBIX.NEO and HDIV.TO.
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Drawdown Indicators
| HBIX.NEO | HDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.09% | -22.32% | -34.77% |
Max Drawdown (1Y)Largest decline over 1 year | -57.09% | -8.73% | -48.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.58% | — |
Current DrawdownCurrent decline from peak | -51.77% | 0.00% | -51.77% |
Average DrawdownAverage peak-to-trough decline | -24.84% | -4.21% | -20.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.03% | 1.82% | +31.21% |
Volatility
HBIX.NEO vs. HDIV.TO - Volatility Comparison
Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) has a higher volatility of 15.30% compared to Hamilton Enhanced Canadian Covered Call ETF (HDIV.TO) at 4.66%. This indicates that HBIX.NEO's price experiences larger fluctuations and is considered to be riskier than HDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBIX.NEO | HDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.30% | 4.66% | +10.64% |
Volatility (6M)Calculated over the trailing 6-month period | 41.77% | 10.81% | +30.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.50% | 12.94% | +39.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.35% | 15.65% | +35.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.35% | 15.65% | +35.70% |
HBIX.NEO vs. HDIV.TO - Expense Ratio Comparison
HBIX.NEO has a 0.65% expense ratio, which is higher than HDIV.TO's 0.00% expense ratio.
Dividends
HBIX.NEO vs. HDIV.TO - Dividend Comparison
HBIX.NEO's dividend yield for the trailing twelve months is around 43.49%, more than HDIV.TO's 9.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HBIX.NEO Harvest Bitcoin Enhanced Income ETF | 43.49% | 20.21% | 0.00% | 0.00% | 0.00% | 0.00% |
HDIV.TO Hamilton Enhanced Canadian Covered Call ETF | 9.14% | 10.09% | 11.38% | 10.41% | 9.64% | 3.37% |
Frequently Asked Questions
HBIX.NEO and HDIV.TO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDIV.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDIV.TO is cheaper with a 0.00% expense ratio, compared with 0.65% for HBIX.NEO.
HBIX.NEO is categorized as Leveraged Cryptocurrency, while HDIV.TO is Derivative Income. They also come from different issuers: Harvest and Hamilton ETFs. Their fees differ too: 0.65% for HBIX.NEO and 0.00% for HDIV.TO.
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