HPF.TO vs. NNRG.NEO
HPF.TO (Harvest Energy Leaders Income ETF Class A CAD Hedged) and NNRG.NEO (Ninepoint Energy ETF) are both Energy Equities funds. HPF.TO is actively managed, while NNRG.NEO is passively managed. Over the past 5 years, HPF.TO returned 16.67%/yr vs 31.82%/yr for NNRG.NEO. A 0.76 correlation means they provide meaningful diversification when combined.
Performance
HPF.TO vs. NNRG.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, HPF.TO achieves a 28.72% return, which is significantly lower than NNRG.NEO's 37.01% return.
HPF.TO
- 1D
- -0.80%
- 1M
- 2.08%
- 6M
- 22.63%
- YTD
- 28.72%
- 1Y
- 37.02%
- 3Y*
- 14.19%
- 5Y*
- 16.67%
- 10Y*
- 5.03%
NNRG.NEO
- 1D
- -1.06%
- 1M
- -0.70%
- 6M
- 38.43%
- YTD
- 37.01%
- 1Y
- 55.64%
- 3Y*
- 22.87%
- 5Y*
- 31.82%
- 10Y*
- —
HPF.TO vs. NNRG.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPF.TO Harvest Energy Leaders Income ETF Class A CAD Hedged | 28.72% | 8.98% | -2.46% | 2.51% | 38.58% | 3.28% |
NNRG.NEO Ninepoint Energy ETF | 37.01% | 19.14% | 13.26% | -4.21% | 50.49% | 52.90% |
Correlation
The correlation between HPF.TO and NNRG.NEO is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 11, 2021 | 0.76 |
The correlation between HPF.TO and NNRG.NEO has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.
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Return for Risk
HPF.TO vs. NNRG.NEO — Risk / Return Rank
HPF.TO
NNRG.NEO
HPF.TO vs. NNRG.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Energy Leaders Income ETF Class A CAD Hedged (HPF.TO) and Ninepoint Energy ETF (NNRG.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.
| HPF.TO | NNRG.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.36 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 3.71 | -0.61 |
| Martin ratioReturn relative to average drawdown | 9.15 | 10.92 | -1.76 |
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Drawdowns
HPF.TO vs. NNRG.NEO - Drawdown Comparison
The maximum HPF.TO drawdown since its inception was -72.97%, which is greater than NNRG.NEO's maximum drawdown of -35.78%. Use the drawdown chart below to compare losses from any high point for HPF.TO and NNRG.NEO.
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Drawdown Indicators
| HPF.TO | NNRG.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.97% | -35.78% | -37.19% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -15.16% | +3.15% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -23.52% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -23.87% | -35.78% | +11.91% |
Max Drawdown (10Y)Largest decline over 10 years | -69.11% | — | — |
Current DrawdownCurrent decline from peak | -5.69% | -10.32% | +4.63% |
Average DrawdownAverage peak-to-trough decline | -26.28% | -11.88% | -14.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 5.13% | -1.07% |
Volatility
HPF.TO vs. NNRG.NEO - Volatility Comparison
The current volatility for Harvest Energy Leaders Income ETF Class A CAD Hedged (HPF.TO) is 6.52%, while Ninepoint Energy ETF (NNRG.NEO) has a volatility of 8.51%. This indicates that HPF.TO experiences smaller price fluctuations and is considered to be less risky than NNRG.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPF.TO | NNRG.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 8.51% | -1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 16.30% | 21.76% | -5.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.76% | 25.93% | -6.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.66% | 33.98% | -10.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.03% | 34.12% | -6.09% |
Dividends
HPF.TO vs. NNRG.NEO - Dividend Comparison
HPF.TO's dividend yield for the trailing twelve months is around 8.04%, more than NNRG.NEO's 0.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPF.TO Harvest Energy Leaders Income ETF Class A CAD Hedged | 8.04% | 9.93% | 9.80% | 8.75% | 6.58% | 4.61% | 15.32% | 8.74% | 8.78% | 12.87% | 13.58% | 13.31% |
NNRG.NEO Ninepoint Energy ETF | 0.55% | 0.37% | 0.39% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HPF.TO and NNRG.NEO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Harvest and Ninepoint.
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