HBLK.TO vs. HUTE.TO
HBLK.TO (Blockchain Technologies ETF) and HUTE.TO (Harvest Equal Weight Global Utilities Enhanced Income ETF) are both exchange-traded funds - HBLK.TO is a Blockchain fund actively managed by Harvest, while HUTE.TO is a Derivative Income fund actively managed by Harvest. Both are actively managed. Over the past 3 years, HBLK.TO returned 24.21%/yr vs 16.64%/yr for HUTE.TO. At a 0.11 correlation, their price movements are largely independent.
Performance
HBLK.TO vs. HUTE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HBLK.TO achieves a 17.41% return, which is significantly higher than HUTE.TO's 12.56% return.
HBLK.TO
- 1D
- 1.84%
- 1M
- -11.81%
- 6M
- 0.65%
- YTD
- 17.41%
- 1Y
- 23.03%
- 3Y*
- 24.21%
- 5Y*
- 1.33%
- 10Y*
- —
HUTE.TO
- 1D
- -0.93%
- 1M
- -1.78%
- 6M
- 11.54%
- YTD
- 12.56%
- 1Y
- 18.45%
- 3Y*
- 16.64%
- 5Y*
- —
- 10Y*
- —
HBLK.TO vs. HUTE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HBLK.TO Blockchain Technologies ETF | 17.41% | 13.51% | 21.72% | 82.66% | -21.09% |
HUTE.TO Harvest Equal Weight Global Utilities Enhanced Income ETF | 12.56% | 19.04% | 18.16% | 0.10% | 0.94% |
Correlation
The correlation between HBLK.TO and HUTE.TO is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2022 | 0.11 |
The correlation between HBLK.TO and HUTE.TO shifts across timeframes, from -0.04 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HBLK.TO vs. HUTE.TO — Risk / Return Rank
HBLK.TO
HUTE.TO
HBLK.TO vs. HUTE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blockchain Technologies ETF (HBLK.TO) and Harvest Equal Weight Global Utilities Enhanced Income ETF (HUTE.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.
| HBLK.TO | HUTE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.27 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 2.71 | -2.19 |
| Martin ratioReturn relative to average drawdown | 0.97 | 7.74 | -6.77 |
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Drawdowns
HBLK.TO vs. HUTE.TO - Drawdown Comparison
The maximum HBLK.TO drawdown since its inception was -73.15%, which is greater than HUTE.TO's maximum drawdown of -18.35%. Use the drawdown chart below to compare losses from any high point for HBLK.TO and HUTE.TO.
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Drawdown Indicators
| HBLK.TO | HUTE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.15% | -18.35% | -54.80% |
Max Drawdown (1Y)Largest decline over 1 year | -44.42% | -6.85% | -37.57% |
Max Drawdown (3Y)Largest decline over 3 years | -44.42% | -13.25% | -31.17% |
Max Drawdown (5Y)Largest decline over 5 years | -73.15% | — | — |
Current DrawdownCurrent decline from peak | -23.25% | -4.33% | -18.92% |
Average DrawdownAverage peak-to-trough decline | -38.05% | -3.92% | -34.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.86% | 2.39% | +21.47% |
Volatility
HBLK.TO vs. HUTE.TO - Volatility Comparison
Blockchain Technologies ETF (HBLK.TO) has a higher volatility of 12.39% compared to Harvest Equal Weight Global Utilities Enhanced Income ETF (HUTE.TO) at 5.43%. This indicates that HBLK.TO's price experiences larger fluctuations and is considered to be riskier than HUTE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBLK.TO | HUTE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.39% | 5.43% | +6.96% |
Volatility (6M)Calculated over the trailing 6-month period | 36.85% | 10.62% | +26.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.70% | 12.34% | +38.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.85% | 14.63% | +31.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.37% | 14.63% | +28.74% |
Dividends
HBLK.TO vs. HUTE.TO - Dividend Comparison
HBLK.TO has not paid dividends to shareholders, while HUTE.TO's dividend yield for the trailing twelve months is around 9.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HBLK.TO Blockchain Technologies ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HUTE.TO Harvest Equal Weight Global Utilities Enhanced Income ETF | 9.34% | 9.64% | 10.24% | 10.72% | 1.61% |
Frequently Asked Questions
HBLK.TO and HUTE.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBLK.TO is categorized as Blockchain, while HUTE.TO is Derivative Income.
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