HBTE.NEO vs. VFV.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Harvest Bitcoin Leaders Enhanced Income ETF (HBTE.NEO) and Vanguard S&P 500 Index ETF (VFV.TO).

HBTE.NEO and VFV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HBTE.NEO is an actively managed fund by Harvest. It was launched on Apr 28, 2025. VFV.TO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Nov 2, 2012.

Performance

HBTE.NEO vs. VFV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Bitcoin Leaders Enhanced Income ETF (HBTE.NEO) and Vanguard S&P 500 Index ETF (VFV.TO). The values are adjusted to include any dividend payments, if applicable.

HBTE.NEO vs. VFV.TO - Yearly Performance Comparison

	2026 (YTD)	2025
HBTE.NEO Harvest Bitcoin Leaders Enhanced Income ETF	-20.34%	36.46%
VFV.TO Vanguard S&P 500 Index ETF	-2.62%	23.26%

Returns By Period

In the year-to-date period, HBTE.NEO achieves a -20.34% return, which is significantly lower than VFV.TO's -2.62% return.

HBTE.NEO

• 1D: 1.03%
• 1M: -10.98%
• YTD: -20.34%
• 6M: -45.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VFV.TO

• 1D: 0.52%
• 1M: -2.92%
• YTD: -2.62%
• 6M: -1.97%
• 1Y: 14.39%
• 3Y*: 19.32%
• 5Y*: 13.90%
• 10Y*: 14.53%

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

HBTE.NEO vs. VFV.TO - Expense Ratio Comparison

HBTE.NEO has a 0.75% expense ratio, which is higher than VFV.TO's 0.09% expense ratio.

HBTE.NEO

Harvest Bitcoin Leaders Enhanced Income ETF

VFV.TO

Vanguard S&P 500 Index ETF

Return for Risk

HBTE.NEO vs. VFV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VFV.TO

VFV.TO Risk / Return Rank: 43
VFV.TO Sharpe Ratio Rank: 41
VFV.TO Sortino Ratio Rank: 40
VFV.TO Omega Ratio Rank: 46
VFV.TO Calmar Ratio Rank: 42
VFV.TO Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HBTE.NEO vs. VFV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Bitcoin Leaders Enhanced Income ETF (HBTE.NEO) and Vanguard S&P 500 Index ETF (VFV.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

	HBTE.NEO	VFV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.79	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.94	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	1.07	-0.93

Correlation

The correlation between HBTE.NEO and VFV.TO is 0.56, 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

HBTE.NEO vs. VFV.TO - Dividend Comparison

HBTE.NEO has not paid dividends to shareholders, while VFV.TO's dividend yield for the trailing twelve months is around 0.96%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HBTE.NEO Harvest Bitcoin Leaders Enhanced Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VFV.TO Vanguard S&P 500 Index ETF	0.96%	0.92%	0.99%	1.20%	1.31%	1.06%	1.33%	1.55%	1.68%	1.50%	1.66%	1.63%

Drawdowns

HBTE.NEO vs. VFV.TO - Drawdown Comparison

The maximum HBTE.NEO drawdown since its inception was -59.50%, which is greater than VFV.TO's maximum drawdown of -27.43%. Use the drawdown chart below to compare losses from any high point for HBTE.NEO and VFV.TO.

Drawdown Indicators

	HBTE.NEO	VFV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-59.50%	-27.43%	-32.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.43%	—
Current Drawdown Current decline from peak	-56.04%	-5.61%	-50.43%
Average Drawdown Average peak-to-trough decline	-21.15%	-3.39%	-17.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.31%	—

Volatility

Volatility by Period

	HBTE.NEO	VFV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	67.24%	18.26%	+48.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.24%	14.91%	+52.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.24%	16.57%	+50.67%