HPYB.TO vs. TULV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Harvest Premium Yield Canadian Bank ETF (HPYB.TO) and TD Q U.S. Low Volatility ETF (TULV.TO).

HPYB.TO and TULV.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. TULV.TO is an actively managed fund by TD. It was launched on May 26, 2020.

Performance

HPYB.TO vs. TULV.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 TD Q U.S. Low Volatility ETF (TULV.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)
HPYB.TO Harvest Premium Yield Canadian Bank ETF	0.14%
TULV.TO TD Q U.S. Low Volatility ETF	1.36%

Returns By Period

HPYB.TO

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

TULV.TO

• 1D: 0.26%
• 1M: -3.98%
• YTD: 3.26%
• 6M: 3.11%
• 1Y: -0.99%
• 3Y*: 9.28%
• 5Y*: 10.49%
• 10Y*: —

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

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

TULV.TO

TD Q U.S. Low Volatility ETF

Return for Risk

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

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

TULV.TO

TULV.TO Risk / Return Rank: 11
TULV.TO Sharpe Ratio Rank: 10
TULV.TO Sortino Ratio Rank: 9
TULV.TO Omega Ratio Rank: 9
TULV.TO Calmar Ratio Rank: 13
TULV.TO Martin Ratio Rank: 12

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. TULV.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 TD Q U.S. Low Volatility ETF (TULV.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	TULV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.08	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.76	-0.71

Correlation

The correlation between HPYB.TO and TULV.TO is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HPYB.TO vs. TULV.TO - Dividend Comparison

HPYB.TO's dividend yield for the trailing twelve months is around 2.40%, more than TULV.TO's 1.77% yield.

	TTM	2025	2024	2023	2022	2021	2020
HPYB.TO Harvest Premium Yield Canadian Bank ETF	2.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TULV.TO TD Q U.S. Low Volatility ETF	1.77%	1.80%	1.48%	1.96%	1.57%	1.37%	0.83%

Drawdowns

HPYB.TO vs. TULV.TO - Drawdown Comparison

The maximum HPYB.TO drawdown since its inception was -6.37%, smaller than the maximum TULV.TO drawdown of -11.78%. Use the drawdown chart below to compare losses from any high point for HPYB.TO and TULV.TO.

Drawdown Indicators

	HPYB.TO	TULV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-6.37%	-11.78%	+5.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.78%	—
Current Drawdown Current decline from peak	-4.24%	-4.02%	-0.22%
Average Drawdown Average peak-to-trough decline	-2.22%	-3.58%	+1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.63%	—

Volatility

Volatility by Period

	HPYB.TO	TULV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.17%	12.02%	+3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	12.01%	+3.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.17%	11.58%	+3.59%