HDIF.TO vs. HBIX.NEO
HDIF.TO (Harvest Diversified Monthly Income ETF - Class A Units) and HBIX.NEO (Harvest Bitcoin Enhanced Income ETF) are both exchange-traded funds - HDIF.TO is a Derivative Income fund actively managed by Harvest, while HBIX.NEO is a Leveraged Cryptocurrency fund actively managed by Harvest. Both are actively managed. Over the past year, HDIF.TO returned 28.86% vs -41.89% for HBIX.NEO. At a 0.39 correlation, their price movements are largely independent. HDIF.TO charges 2.47%/yr vs 0.65%/yr for HBIX.NEO.
Performance
HDIF.TO vs. HBIX.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, HDIF.TO achieves a 11.54% return, which is significantly higher than HBIX.NEO's -28.85% return.
HDIF.TO
- 1D
- -0.73%
- 1M
- 6.52%
- YTD
- 11.54%
- 6M
- 12.52%
- 1Y
- 28.86%
- 3Y*
- 18.30%
- 5Y*
- —
- 10Y*
- —
HBIX.NEO
- 1D
- -3.26%
- 1M
- -19.49%
- YTD
- -28.85%
- 6M
- -33.69%
- 1Y
- -41.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDIF.TO vs. HBIX.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | 11.54% | 21.00% |
HBIX.NEO Harvest Bitcoin Enhanced Income ETF | -28.85% | -6.82% |
Correlation
The correlation between HDIF.TO and HBIX.NEO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 1, 2025 | 0.39 |
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Return for Risk
HDIF.TO vs. HBIX.NEO — Risk / Return Rank
HDIF.TO
HBIX.NEO
HDIF.TO vs. HBIX.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) and Harvest Bitcoin Enhanced Income ETF (HBIX.NEO). 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.
| HDIF.TO | HBIX.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.10 | ||
| Sortino ratioReturn per unit of downside risk | +4.19 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.87 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | -0.75 | +4.05 |
| Martin ratioReturn relative to average drawdown | 13.66 | -1.33 | +14.99 |
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
| HDIF.TO | HBIX.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | -0.81 | +3.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | -0.62 | +1.15 |
Drawdowns
HDIF.TO vs. HBIX.NEO - Drawdown Comparison
The maximum HDIF.TO drawdown since its inception was -24.07%, smaller than the maximum HBIX.NEO drawdown of -55.90%. Use the drawdown chart below to compare losses from any high point for HDIF.TO and HBIX.NEO.
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Drawdown Indicators
| HDIF.TO | HBIX.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.07% | -55.90% | +31.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -55.90% | +47.11% |
Max Drawdown (3Y)Largest decline over 3 years | -19.60% | — | — |
Current DrawdownCurrent decline from peak | -0.73% | -52.88% | +52.15% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -23.75% | +17.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 31.57% | -29.45% |
Volatility
HDIF.TO vs. HBIX.NEO - Volatility Comparison
The current volatility for Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) is 3.50%, while Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) has a volatility of 11.40%. This indicates that HDIF.TO experiences smaller price fluctuations and is considered to be less risky than HBIX.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDIF.TO | HBIX.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 11.40% | -7.90% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 41.52% | -31.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.67% | 51.62% | -38.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.49% | 50.94% | -33.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 50.94% | -33.45% |
HDIF.TO vs. HBIX.NEO - Expense Ratio Comparison
HDIF.TO has a 2.47% expense ratio, which is higher than HBIX.NEO's 0.65% expense ratio.
Dividends
HDIF.TO vs. HBIX.NEO - Dividend Comparison
HDIF.TO's dividend yield for the trailing twelve months is around 10.21%, less than HBIX.NEO's 44.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HBIX.NEO Harvest Bitcoin Enhanced Income ETF | 44.52% | 20.21% | 0.00% | 0.00% | 0.00% |
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | 10.21% | 9.93% | 10.15% | 10.62% | 8.95% |
Frequently Asked Questions
HDIF.TO and HBIX.NEO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HBIX.NEO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HBIX.NEO is cheaper with a 0.65% expense ratio, compared with 2.47% for HDIF.TO.
HDIF.TO is categorized as Derivative Income, while HBIX.NEO is Leveraged Cryptocurrency. Their fees differ too: 2.47% for HDIF.TO and 0.65% for HBIX.NEO.
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