HDIV.TO vs. HBIX.NEO
HDIV.TO (Hamilton Enhanced Canadian Covered Call ETF) and HBIX.NEO (Harvest Bitcoin Enhanced Income ETF) are both exchange-traded funds - HDIV.TO is a Derivative Income fund actively managed by Hamilton ETFs, while HBIX.NEO is a Leveraged Cryptocurrency fund actively managed by Harvest. Both are actively managed. Over the past year, HDIV.TO returned 45.74% vs -42.38% for HBIX.NEO. At a 0.40 correlation, their price movements are largely independent. HDIV.TO charges 0.00%/yr vs 0.65%/yr for HBIX.NEO.
Performance
HDIV.TO vs. HBIX.NEO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HDIV.TO achieves a 17.07% return, which is significantly higher than HBIX.NEO's -30.77% return.
HDIV.TO
- 1D
- 1.08%
- 1M
- 3.72%
- YTD
- 17.07%
- 6M
- 17.58%
- 1Y
- 45.74%
- 3Y*
- 27.78%
- 5Y*
- —
- 10Y*
- —
HBIX.NEO
- 1D
- 3.78%
- 1M
- -21.97%
- YTD
- -30.77%
- 6M
- -32.37%
- 1Y
- -42.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDIV.TO vs. HBIX.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HDIV.TO Hamilton Enhanced Canadian Covered Call ETF | 17.07% | 33.29% |
HBIX.NEO Harvest Bitcoin Enhanced Income ETF | -30.77% | -9.56% |
Correlation
The correlation between HDIV.TO and HBIX.NEO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 5, 2025 | 0.40 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HDIV.TO vs. HBIX.NEO — Risk / Return Rank
HDIV.TO
HBIX.NEO
HDIV.TO vs. HBIX.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced Canadian Covered Call ETF (HDIV.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.
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.
| HDIV.TO | HBIX.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.39 | ||
| Sortino ratioReturn per unit of downside risk | +5.65 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 0.87 | +0.78 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | -0.77 | +5.99 |
| Martin ratioReturn relative to average drawdown | 25.02 | -1.33 | +26.35 |
Loading charts...
Drawdowns
HDIV.TO vs. HBIX.NEO - Drawdown Comparison
The maximum HDIV.TO drawdown since its inception was -22.32%, smaller than the maximum HBIX.NEO drawdown of -57.09%. Use the drawdown chart below to compare losses from any high point for HDIV.TO and HBIX.NEO.
Loading charts...
Drawdown Indicators
| HDIV.TO | HBIX.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.32% | -57.09% | +34.77% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -57.09% | +48.36% |
Max Drawdown (3Y)Largest decline over 3 years | -14.58% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -54.15% | +54.02% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -24.75% | +20.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 32.88% | -31.06% |
Volatility
HDIV.TO vs. HBIX.NEO - Volatility Comparison
The current volatility for Hamilton Enhanced Canadian Covered Call ETF (HDIV.TO) is 4.51%, while Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) has a volatility of 14.38%. This indicates that HDIV.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.
Loading charts...
Volatility by Period
| HDIV.TO | HBIX.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 14.38% | -9.87% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 41.42% | -30.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.86% | 52.20% | -39.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.64% | 51.19% | -35.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.64% | 51.19% | -35.55% |
HDIV.TO vs. HBIX.NEO - Expense Ratio Comparison
HDIV.TO has a 0.00% expense ratio, which is lower than HBIX.NEO's 0.65% expense ratio.
Dividends
HDIV.TO vs. HBIX.NEO - Dividend Comparison
HDIV.TO's dividend yield for the trailing twelve months is around 9.27%, less than HBIX.NEO's 45.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HBIX.NEO Harvest Bitcoin Enhanced Income ETF | 45.75% | 20.21% | 0.00% | 0.00% | 0.00% | 0.00% |
HDIV.TO Hamilton Enhanced Canadian Covered Call ETF | 9.27% | 10.09% | 11.38% | 10.41% | 9.64% | 3.37% |
Frequently Asked Questions
HDIV.TO and HBIX.NEO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDIV.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDIV.TO is cheaper with a 0.00% expense ratio, compared with 0.65% for HBIX.NEO.
HDIV.TO is categorized as Derivative Income, while HBIX.NEO is Leveraged Cryptocurrency. They also come from different issuers: Hamilton ETFs and Harvest. Their fees differ too: 0.00% for HDIV.TO and 0.65% for HBIX.NEO.
Find the right allocation for HDIV.TO and HBIX.NEO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer