HBTE.NEO vs. XEQT.TO
HBTE.NEO (Harvest Bitcoin Leaders Enhanced Income ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - HBTE.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, HBTE.NEO returned 59.88% vs 30.42% for XEQT.TO. A 0.59 correlation means they provide meaningful diversification when combined. HBTE.NEO charges 0.75%/yr vs 0.20%/yr for XEQT.TO.
Performance
HBTE.NEO vs. XEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HBTE.NEO achieves a 26.29% return, which is significantly higher than XEQT.TO's 13.22% return.
HBTE.NEO
- 1D
- -2.27%
- 1M
- 4.71%
- YTD
- 26.29%
- 6M
- 4.53%
- 1Y
- 59.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XEQT.TO
- 1D
- 0.83%
- 1M
- 6.02%
- YTD
- 13.22%
- 6M
- 11.68%
- 1Y
- 30.42%
- 3Y*
- 22.22%
- 5Y*
- 13.90%
- 10Y*
- —
HBTE.NEO vs. XEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBTE.NEO Harvest Bitcoin Leaders Enhanced Income ETF | 26.29% | 60.52% |
XEQT.TO iShares Core Equity ETF Portfolio | 13.22% | 22.32% |
Correlation
The correlation between HBTE.NEO and XEQT.TO is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since May 1, 2025 | 0.59 |
The correlation between HBTE.NEO and XEQT.TO has been stable across timeframes, ranging from 0.59 to 0.59 - a consistent structural relationship.
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Return for Risk
HBTE.NEO vs. XEQT.TO — Risk / Return Rank
HBTE.NEO
XEQT.TO
HBTE.NEO vs. XEQT.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 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.
| HBTE.NEO | XEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.48 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 3.70 | -2.62 |
| Martin ratioReturn relative to average drawdown | 2.10 | 16.13 | -14.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HBTE.NEO | XEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 2.62 | -1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | 0.96 | +0.41 |
Drawdowns
HBTE.NEO vs. XEQT.TO - Drawdown Comparison
The maximum HBTE.NEO drawdown since its inception was -55.75%, 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 HBTE.NEO and XEQT.TO.
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Drawdown Indicators
| HBTE.NEO | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.75% | -29.74% | -26.01% |
Max Drawdown (1Y)Largest decline over 1 year | -55.75% | -8.25% | -47.50% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.56% | — |
Current DrawdownCurrent decline from peak | -25.65% | 0.00% | -25.65% |
Average DrawdownAverage peak-to-trough decline | -21.04% | -4.11% | -16.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.56% | 1.89% | +26.67% |
Volatility
HBTE.NEO vs. XEQT.TO - Volatility Comparison
Harvest Bitcoin Leaders Enhanced Income ETF (HBTE.NEO) has a higher volatility of 15.53% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 3.70%. This indicates that HBTE.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
| HBTE.NEO | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.53% | 3.70% | +11.83% |
Volatility (6M)Calculated over the trailing 6-month period | 50.20% | 9.41% | +40.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.70% | 11.65% | +55.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.71% | 13.13% | +53.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.71% | 15.56% | +51.15% |
HBTE.NEO vs. XEQT.TO - Expense Ratio Comparison
HBTE.NEO has a 0.75% expense ratio, which is higher than XEQT.TO's 0.20% expense ratio.
Dividends
HBTE.NEO vs. XEQT.TO - Dividend Comparison
HBTE.NEO's dividend yield for the trailing twelve months is around 26.49%, more than XEQT.TO's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HBTE.NEO Harvest Bitcoin Leaders Enhanced Income ETF | 26.49% | 18.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.47% | 1.66% | 2.01% | 2.07% | 2.12% | 1.64% | 1.66% | 1.19% |
Frequently Asked Questions
HBTE.NEO and XEQT.TO have a correlation of 0.59, 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 0.75% for HBTE.NEO.
HBTE.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: 0.75% for HBTE.NEO and 0.20% for XEQT.TO.
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