HHIC.TO vs. XFR.TO
HHIC.TO (Harvest Canadian High Income Shares ETF) and XFR.TO (iShares Floating Rate Index ETF) are both exchange-traded funds - HHIC.TO is a Canada Equities fund actively managed by Harvest, while XFR.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. HHIC.TO is actively managed, while XFR.TO is passively managed. At a 0.06 correlation, their price movements are largely independent. HHIC.TO charges 0.40%/yr vs 0.14%/yr for XFR.TO.
Performance
HHIC.TO vs. XFR.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HHIC.TO achieves a 12.03% return, which is significantly higher than XFR.TO's 1.15% return.
HHIC.TO
- 1D
- 0.93%
- 1M
- 2.73%
- YTD
- 12.03%
- 6M
- 13.19%
- 1Y
- —
- 3Y*
- —
- 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%
HHIC.TO vs. XFR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HHIC.TO Harvest Canadian High Income Shares ETF | 12.03% | 16.60% |
XFR.TO iShares Floating Rate Index ETF | 1.15% | 1.14% |
Correlation
The correlation between HHIC.TO and XFR.TO is 0.06, 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 (All Time) Calculated using the full available price history since Aug 21, 2025 | 0.06 |
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
HHIC.TO vs. XFR.TO — Risk / Return Rank
HHIC.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XFR.TO
HHIC.TO vs. XFR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Canadian High Income Shares ETF (HHIC.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.
| HHIC.TO | XFR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.98 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 29.79 | — |
| Martin ratioReturn relative to average drawdown | — | 90.21 | — |
Loading charts...
Drawdowns
HHIC.TO vs. XFR.TO - Drawdown Comparison
The maximum HHIC.TO drawdown since its inception was -7.30%, 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 HHIC.TO and XFR.TO.
Loading charts...
Drawdown Indicators
| HHIC.TO | XFR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.30% | -4.12% | -3.18% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.30% | — |
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 | -2.35% | 0.00% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -1.52% | -0.06% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.03% | — |
Volatility
HHIC.TO vs. XFR.TO - Volatility Comparison
Loading charts...
Volatility by Period
| HHIC.TO | XFR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.47% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.93% | 0.72% | +16.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 0.85% | +16.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 1.86% | +15.07% |
HHIC.TO vs. XFR.TO - Expense Ratio Comparison
HHIC.TO has a 0.40% expense ratio, which is higher than XFR.TO's 0.14% expense ratio.
Dividends
HHIC.TO vs. XFR.TO - Dividend Comparison
HHIC.TO's dividend yield for the trailing twelve months is around 11.06%, more than XFR.TO's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HHIC.TO Harvest Canadian High Income Shares ETF | 11.06% | 4.77% | 0.00% | 0.00% | 0.00% | 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
HHIC.TO and XFR.TO have a correlation of 0.06, 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 0.40% for HHIC.TO.
HHIC.TO is categorized as Canada Equities, while XFR.TO is Canadian Government Bonds. They also come from different issuers: Harvest and iShares. Their fees differ too: 0.40% for HHIC.TO and 0.14% for XFR.TO.
Find the right allocation for HHIC.TO and XFR.TO
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