HFIN.TO vs. HBTE.NEO

Last updated Apr 1, 2026

Compare and contrast key facts about Hamilton Enhanced Canadian Financials ETF (HFIN.TO) and Harvest Bitcoin Leaders Enhanced Income ETF (HBTE.NEO).

HFIN.TO and HBTE.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HFIN.TO is a passively managed fund by Hamilton ETFs that tracks the performance of the Solactive Canadian Financials Equal-Weight Index. It was launched on Jan 26, 2022. HBTE.NEO is an actively managed fund by Harvest. It was launched on Apr 28, 2025.

Performance

HFIN.TO vs. HBTE.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Enhanced Canadian Financials ETF (HFIN.TO) and Harvest Bitcoin Leaders Enhanced Income ETF (HBTE.NEO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025
HFIN.TO Hamilton Enhanced Canadian Financials ETF	-3.31%	39.73%
HBTE.NEO Harvest Bitcoin Leaders Enhanced Income ETF	-20.53%	36.46%

Returns By Period

In the year-to-date period, HFIN.TO achieves a -3.31% return, which is significantly higher than HBTE.NEO's -20.53% return.

HFIN.TO

• 1D: 1.15%
• 1M: -4.15%
• YTD: -3.31%
• 6M: 9.73%
• 1Y: 36.19%
• 3Y*: 30.98%
• 5Y*: —
• 10Y*: —

HBTE.NEO

• 1D: 4.61%
• 1M: -7.97%
• YTD: -20.53%
• 6M: -43.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

HFIN.TO has a 2.18% expense ratio, which is higher than HBTE.NEO's 0.75% expense ratio.

HFIN.TO

Hamilton Enhanced Canadian Financials ETF

HBTE.NEO

Harvest Bitcoin Leaders Enhanced Income ETF

Return for Risk

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

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

HFIN.TO

HFIN.TO Risk / Return Rank: 92
HFIN.TO Sharpe Ratio Rank: 92
HFIN.TO Sortino Ratio Rank: 92
HFIN.TO Omega Ratio Rank: 93
HFIN.TO Calmar Ratio Rank: 90
HFIN.TO Martin Ratio Rank: 91

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.

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

This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced Canadian Financials ETF (HFIN.TO) and Harvest Bitcoin Leaders Enhanced Income ETF (HBTE.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.

	HFIN.TO	HBTE.NEO	Difference
Sharpe ratio Return per unit of total volatility	2.16	—	—
Sortino ratio Return per unit of downside risk	2.77	—	—
Omega ratio Gain probability vs. loss probability	1.42	—	—
Calmar ratio Return relative to maximum drawdown	3.03	—	—
Martin ratio Return relative to average drawdown	12.60	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HFIN.TO	HBTE.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.06	0.14	+0.92

Correlation

The correlation between HFIN.TO and HBTE.NEO is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HFIN.TO vs. HBTE.NEO - Dividend Comparison

HFIN.TO's dividend yield for the trailing twelve months is around 3.40%, while HBTE.NEO has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022
HFIN.TO Hamilton Enhanced Canadian Financials ETF	3.40%	3.51%	4.59%	6.09%	6.37%
HBTE.NEO Harvest Bitcoin Leaders Enhanced Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HFIN.TO vs. HBTE.NEO - Drawdown Comparison

The maximum HFIN.TO drawdown since its inception was -26.46%, smaller than the maximum HBTE.NEO drawdown of -59.50%. Use the drawdown chart below to compare losses from any high point for HFIN.TO and HBTE.NEO.

Drawdown Indicators

	HFIN.TO	HBTE.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-26.46%	-59.50%	+33.04%
Max Drawdown (1Y) Largest decline over 1 year	-12.58%	—	—
Current Drawdown Current decline from peak	-6.02%	-56.15%	+50.13%
Average Drawdown Average peak-to-trough decline	-7.48%	-21.00%	+13.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	—	—

Volatility

Volatility by Period

	HFIN.TO	HBTE.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.89%	67.44%	-50.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.08%	67.44%	-50.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.08%	67.44%	-50.36%