HDIF.TO vs. XFR.TO
HDIF.TO (Harvest Diversified Monthly Income ETF - Class A Units) and XFR.TO (iShares Floating Rate Index ETF) are both exchange-traded funds - HDIF.TO is a Derivative Income fund actively managed by Harvest, while XFR.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. HDIF.TO is actively managed, while XFR.TO is passively managed. Over the past 3 years, HDIF.TO returned 17.71%/yr vs 3.98%/yr for XFR.TO. At a 0.03 correlation, their price movements are largely independent. HDIF.TO charges 2.47%/yr vs 0.14%/yr for XFR.TO.
Performance
HDIF.TO vs. XFR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HDIF.TO achieves a 11.43% return, which is significantly higher than XFR.TO's 1.15% return.
HDIF.TO
- 1D
- 0.74%
- 1M
- 4.15%
- YTD
- 11.43%
- 6M
- 12.09%
- 1Y
- 28.27%
- 3Y*
- 17.71%
- 5Y*
- —
- 10Y*
- —
XFR.TO
- 1D
- 0.05%
- 1M
- 0.26%
- YTD
- 1.15%
- 6M
- 1.33%
- 1Y
- 3.02%
- 3Y*
- 3.98%
- 5Y*
- 3.24%
- 10Y*
- 2.26%
HDIF.TO vs. XFR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | 11.43% | 15.70% | 18.44% | 12.76% | -14.72% |
XFR.TO iShares Floating Rate Index ETF | 1.15% | 3.33% | 4.57% | 5.29% | 1.89% |
Correlation
The correlation between HDIF.TO and XFR.TO is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2022 | 0.03 |
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Return for Risk
HDIF.TO vs. XFR.TO — Risk / Return Rank
HDIF.TO
XFR.TO
HDIF.TO vs. XFR.TO - 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 iShares Floating Rate Index ETF (XFR.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.
| HDIF.TO | XFR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -4.22 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.98 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 29.79 | -26.73 |
| Martin ratioReturn relative to average drawdown | 12.56 | 90.21 | -77.66 |
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Drawdowns
HDIF.TO vs. XFR.TO - Drawdown Comparison
The maximum HDIF.TO drawdown since its inception was -24.08%, which is greater than XFR.TO's maximum drawdown of -4.12%. Use the drawdown chart below to compare losses from any high point for HDIF.TO and XFR.TO.
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Drawdown Indicators
| HDIF.TO | XFR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.08% | -4.12% | -19.96% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -0.10% | -8.69% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -0.30% | -19.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -4.12% | — |
Current DrawdownCurrent decline from peak | -0.84% | 0.00% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -0.06% | -6.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 0.03% | +2.11% |
Volatility
HDIF.TO vs. XFR.TO - Volatility Comparison
Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) has a higher volatility of 4.52% compared to iShares Floating Rate Index ETF (XFR.TO) at 0.23%. This indicates that HDIF.TO's price experiences larger fluctuations and is considered to be riskier than XFR.TO 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 | XFR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 0.23% | +4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.75% | 0.47% | +10.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.99% | 0.72% | +12.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.49% | 0.85% | +16.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 1.86% | +15.63% |
HDIF.TO vs. XFR.TO - Expense Ratio Comparison
HDIF.TO has a 2.47% expense ratio, which is higher than XFR.TO's 0.14% expense ratio.
Dividends
HDIF.TO vs. XFR.TO - Dividend Comparison
HDIF.TO's dividend yield for the trailing twelve months is around 10.23%, more than XFR.TO's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | 10.23% | 9.95% | 10.14% | 10.59% | 8.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XFR.TO iShares Floating Rate Index ETF | 2.77% | 3.23% | 4.93% | 4.91% | 1.84% | 0.30% | 1.07% | 1.99% | 1.64% | 0.92% | 0.65% | 0.95% |
Frequently Asked Questions
HDIF.TO and XFR.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFR.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFR.TO is cheaper with a 0.14% expense ratio, compared with 2.47% for HDIF.TO.
HDIF.TO is categorized as Derivative Income, while XFR.TO is Canadian Government Bonds. They also come from different issuers: Harvest and iShares. Their fees differ too: 2.47% for HDIF.TO and 0.14% for XFR.TO.
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