HHIS.TO vs. HBIL.TO
HHIS.TO (Harvest Diversified High Income Shares ETF) and HBIL.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged)) are both Derivative Income funds. Both are actively managed. Over the past year, HHIS.TO returned 31.98% vs 2.87% for HBIL.TO. At a 0.05 correlation, their price movements are largely independent. HHIS.TO charges 0.00%/yr vs 0.35%/yr for HBIL.TO.
Performance
HHIS.TO vs. HBIL.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HHIS.TO achieves a 9.32% return, which is significantly higher than HBIL.TO's 0.59% return.
HHIS.TO
- 1D
- -1.25%
- 1M
- 7.52%
- YTD
- 9.32%
- 6M
- 4.61%
- 1Y
- 31.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBIL.TO
- 1D
- 0.00%
- 1M
- 0.23%
- YTD
- 0.59%
- 6M
- 0.53%
- 1Y
- 2.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HHIS.TO vs. HBIL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HHIS.TO Harvest Diversified High Income Shares ETF | 9.32% | 24.40% |
HBIL.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) | 0.59% | 2.98% |
Correlation
The correlation between HHIS.TO and HBIL.TO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2025 | 0.05 |
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
HHIS.TO vs. HBIL.TO — Risk / Return Rank
HHIS.TO
HBIL.TO
HHIS.TO vs. HBIL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Diversified High Income Shares ETF (HHIS.TO) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.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.
| HHIS.TO | HBIL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 3.03 | -1.71 |
| Martin ratioReturn relative to average drawdown | 3.27 | 9.74 | -6.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HHIS.TO | HBIL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.74 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.64 | +0.11 |
Drawdowns
HHIS.TO vs. HBIL.TO - Drawdown Comparison
The maximum HHIS.TO drawdown since its inception was -31.83%, which is greater than HBIL.TO's maximum drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for HHIS.TO and HBIL.TO.
Loading charts...
Drawdown Indicators
| HHIS.TO | HBIL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.83% | -1.69% | -30.14% |
Max Drawdown (1Y)Largest decline over 1 year | -24.43% | -0.95% | -23.48% |
Current DrawdownCurrent decline from peak | -2.95% | -0.31% | -2.64% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -0.48% | -8.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.79% | 0.30% | +9.49% |
Volatility
HHIS.TO vs. HBIL.TO - Volatility Comparison
Harvest Diversified High Income Shares ETF (HHIS.TO) has a higher volatility of 5.51% compared to Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.TO) at 0.62%. This indicates that HHIS.TO's price experiences larger fluctuations and is considered to be riskier than HBIL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HHIS.TO | HBIL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 0.62% | +4.89% |
Volatility (6M)Calculated over the trailing 6-month period | 16.97% | 1.24% | +15.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.36% | 1.66% | +21.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.78% | 2.03% | +31.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.78% | 2.03% | +31.75% |
HHIS.TO vs. HBIL.TO - Expense Ratio Comparison
HHIS.TO has a 0.00% expense ratio, which is lower than HBIL.TO's 0.35% expense ratio.
Dividends
HHIS.TO vs. HBIL.TO - Dividend Comparison
HHIS.TO's dividend yield for the trailing twelve months is around 26.63%, more than HBIL.TO's 6.52% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HBIL.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) | 6.52% | 7.49% | 2.58% |
HHIS.TO Harvest Diversified High Income Shares ETF | 26.63% | 22.88% | 0.00% |
Frequently Asked Questions
HHIS.TO and HBIL.TO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HHIS.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HHIS.TO is cheaper with a 0.00% expense ratio, compared with 0.35% for HBIL.TO.
They also come from different issuers: Harvest and Hamilton Capital. Their fees differ too: 0.00% for HHIS.TO and 0.35% for HBIL.TO.
Find the right allocation for HHIS.TO and HBIL.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