HPYB.TO vs. ETSX.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Harvest Premium Yield Canadian Bank ETF (HPYB.TO) and Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO).

HPYB.TO and ETSX.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HPYB.TO is an actively managed fund by Harvest. It was launched on Jan 16, 2026. ETSX.TO is a passively managed fund by Evolve that tracks the performance of the S&P/TSX 60. It was launched on Jan 9, 2023.

Performance

HPYB.TO vs. ETSX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Premium Yield Canadian Bank ETF (HPYB.TO) and Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO). The values are adjusted to include any dividend payments, if applicable.

HPYB.TO vs. ETSX.TO - Yearly Performance Comparison

	2026 (YTD)
HPYB.TO Harvest Premium Yield Canadian Bank ETF	0.14%
ETSX.TO Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged	-0.93%

Returns By Period

HPYB.TO

• 1D: 2.28%
• 1M: -2.89%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETSX.TO

• 1D: 1.29%
• 1M: -4.15%
• YTD: 0.82%
• 6M: 7.20%
• 1Y: 27.15%
• 3Y*: 16.81%
• 5Y*: —
• 10Y*: —

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

HPYB.TO vs. ETSX.TO - Expense Ratio Comparison

ETSX.TO

Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged

Return for Risk

HPYB.TO vs. ETSX.TO — Risk / Return Rank

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

ETSX.TO

ETSX.TO Risk / Return Rank: 89
ETSX.TO Sharpe Ratio Rank: 90
ETSX.TO Sortino Ratio Rank: 92
ETSX.TO Omega Ratio Rank: 92
ETSX.TO Calmar Ratio Rank: 82
ETSX.TO Martin Ratio Rank: 90

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.

HPYB.TO vs. ETSX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Premium Yield Canadian Bank ETF (HPYB.TO) and Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HPYB.TO	ETSX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	1.34	-1.29

Correlation

The correlation between HPYB.TO and ETSX.TO is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HPYB.TO vs. ETSX.TO - Dividend Comparison

HPYB.TO's dividend yield for the trailing twelve months is around 2.40%, less than ETSX.TO's 8.77% yield.

	TTM	2025	2024	2023
HPYB.TO Harvest Premium Yield Canadian Bank ETF	2.40%	0.00%	0.00%	0.00%
ETSX.TO Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged	8.77%	9.39%	9.20%	9.92%

Drawdowns

HPYB.TO vs. ETSX.TO - Drawdown Comparison

The maximum HPYB.TO drawdown since its inception was -6.37%, smaller than the maximum ETSX.TO drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for HPYB.TO and ETSX.TO.

Drawdown Indicators

	HPYB.TO	ETSX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-6.37%	-12.23%	+5.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.97%	—
Current Drawdown Current decline from peak	-4.24%	-4.81%	+0.57%
Average Drawdown Average peak-to-trough decline	-2.22%	-1.69%	-0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.02%	—

Volatility

Volatility by Period

	HPYB.TO	ETSX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.17%	13.83%	+1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	11.75%	+3.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.17%	11.75%	+3.42%