HHIS.TO vs. XFR.TO
HHIS.TO (Harvest Diversified High Income Shares ETF) and XFR.TO (iShares Floating Rate Index ETF) are both exchange-traded funds - HHIS.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. HHIS.TO is actively managed, while XFR.TO is passively managed. Over the past year, HHIS.TO returned 27.04% vs 3.02% for XFR.TO. At a 0.08 correlation, their price movements are largely independent. HHIS.TO charges 0.00%/yr vs 0.14%/yr for XFR.TO.
Performance
HHIS.TO vs. XFR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HHIS.TO achieves a 4.23% return, which is significantly higher than XFR.TO's 1.15% return.
HHIS.TO
- 1D
- -0.18%
- 1M
- -2.83%
- YTD
- 4.23%
- 6M
- 3.47%
- 1Y
- 27.04%
- 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%
HHIS.TO vs. XFR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HHIS.TO Harvest Diversified High Income Shares ETF | 4.23% | 24.70% |
XFR.TO iShares Floating Rate Index ETF | 1.15% | 3.18% |
Correlation
The correlation between HHIS.TO and XFR.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025 | 0.08 |
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Return for Risk
HHIS.TO vs. XFR.TO — Risk / Return Rank
HHIS.TO
XFR.TO
HHIS.TO vs. XFR.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 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.
| HHIS.TO | XFR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.03 | ||
| Sortino ratioReturn per unit of downside risk | -5.46 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.98 | -0.78 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 29.79 | -28.70 |
| Martin ratioReturn relative to average drawdown | 2.68 | 90.21 | -87.53 |
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Drawdowns
HHIS.TO vs. XFR.TO - Drawdown Comparison
The maximum HHIS.TO drawdown since its inception was -31.83%, 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 HHIS.TO and XFR.TO.
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Drawdown Indicators
| HHIS.TO | XFR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.83% | -4.12% | -27.71% |
Max Drawdown (1Y)Largest decline over 1 year | -24.43% | -0.10% | -24.33% |
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 | -7.47% | 0.00% | -7.47% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -0.06% | -8.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.86% | 0.03% | +9.83% |
Volatility
HHIS.TO vs. XFR.TO - Volatility Comparison
Harvest Diversified High Income Shares ETF (HHIS.TO) has a higher volatility of 8.04% compared to iShares Floating Rate Index ETF (XFR.TO) at 0.23%. This indicates that HHIS.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
| HHIS.TO | XFR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 0.23% | +7.81% |
Volatility (6M)Calculated over the trailing 6-month period | 18.09% | 0.47% | +17.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.84% | 0.72% | +23.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.81% | 0.85% | +32.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.81% | 1.86% | +31.95% |
HHIS.TO vs. XFR.TO - Expense Ratio Comparison
HHIS.TO has a 0.00% expense ratio, which is lower than XFR.TO's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HHIS.TO vs. XFR.TO - Dividend Comparison
HHIS.TO's dividend yield for the trailing twelve months is around 27.93%, more than XFR.TO's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HHIS.TO Harvest Diversified High Income Shares ETF | 27.93% | 22.88% | 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
HHIS.TO and XFR.TO have a correlation of 0.11, 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 0.14% for XFR.TO.
HHIS.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: 0.00% for HHIS.TO and 0.14% for XFR.TO.
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