HBIX.NEO vs. XEQT.TO
HBIX.NEO (Harvest Bitcoin Enhanced Income ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - HBIX.NEO is a Leveraged Cryptocurrency fund actively managed by Harvest, while XEQT.TO is a Global Equities fund actively managed by iShares. Both are actively managed. Over the past year, HBIX.NEO returned -42.38% vs 30.96% for XEQT.TO. At a 0.45 correlation, their price movements are largely independent. HBIX.NEO charges 0.65%/yr vs 0.20%/yr for XEQT.TO.
Performance
HBIX.NEO vs. XEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HBIX.NEO achieves a -30.77% return, which is significantly lower than XEQT.TO's 12.26% return.
HBIX.NEO
- 1D
- 3.78%
- 1M
- -21.97%
- YTD
- -30.77%
- 6M
- -32.37%
- 1Y
- -42.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XEQT.TO
- 1D
- 0.63%
- 1M
- 3.45%
- YTD
- 12.26%
- 6M
- 12.73%
- 1Y
- 30.96%
- 3Y*
- 21.81%
- 5Y*
- 13.69%
- 10Y*
- —
HBIX.NEO vs. XEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBIX.NEO Harvest Bitcoin Enhanced Income ETF | -30.77% | -9.56% |
XEQT.TO iShares Core Equity ETF Portfolio | 12.26% | 21.19% |
Correlation
The correlation between HBIX.NEO and XEQT.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since May 5, 2025 | 0.45 |
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Return for Risk
HBIX.NEO vs. XEQT.TO — Risk / Return Rank
HBIX.NEO
XEQT.TO
HBIX.NEO vs. XEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) and iShares Core Equity ETF Portfolio (XEQT.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 | XEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.27 | ||
| Sortino ratioReturn per unit of downside risk | -4.45 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.45 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 3.59 | -4.35 |
| Martin ratioReturn relative to average drawdown | -1.33 | 15.41 | -16.74 |
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Drawdowns
HBIX.NEO vs. XEQT.TO - Drawdown Comparison
The maximum HBIX.NEO drawdown since its inception was -57.09%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for HBIX.NEO and XEQT.TO.
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Drawdown Indicators
| HBIX.NEO | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.09% | -29.74% | -27.35% |
Max Drawdown (1Y)Largest decline over 1 year | -57.09% | -8.25% | -48.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.55% | — |
Current DrawdownCurrent decline from peak | -54.15% | -0.84% | -53.31% |
Average DrawdownAverage peak-to-trough decline | -24.75% | -4.09% | -20.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.88% | 1.92% | +30.96% |
Volatility
HBIX.NEO vs. XEQT.TO - Volatility Comparison
Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) has a higher volatility of 14.38% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 5.02%. This indicates that HBIX.NEO's price experiences larger fluctuations and is considered to be riskier than XEQT.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 | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.38% | 5.02% | +9.36% |
Volatility (6M)Calculated over the trailing 6-month period | 41.42% | 10.06% | +31.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.20% | 12.17% | +40.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.19% | 13.21% | +37.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.19% | 15.58% | +35.61% |
HBIX.NEO vs. XEQT.TO - Expense Ratio Comparison
HBIX.NEO has a 0.65% expense ratio, which is higher than XEQT.TO's 0.20% expense ratio.
Dividends
HBIX.NEO vs. XEQT.TO - Dividend Comparison
HBIX.NEO's dividend yield for the trailing twelve months is around 45.75%, more than XEQT.TO's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HBIX.NEO Harvest Bitcoin Enhanced Income ETF | 45.75% | 20.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.48% | 1.66% | 2.03% | 2.09% | 2.14% | 1.66% | 1.69% | 1.21% |
Frequently Asked Questions
HBIX.NEO and XEQT.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.65% for HBIX.NEO.
HBIX.NEO is categorized as Leveraged Cryptocurrency, while XEQT.TO is Global Equities. They also come from different issuers: Harvest and iShares. Their fees differ too: 0.65% for HBIX.NEO and 0.20% for XEQT.TO.
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