HPYE.TO vs. TCND.TO

Last updated Jun 5, 2026

HPYE.TO (Harvest Premium Yield Enhanced ETF) and TCND.TO (BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF) are both exchange-traded funds - HPYE.TO is a Derivative Income fund actively managed by Harvest Portfolios Group, while TCND.TO is a Leveraged Equities fund tracking the S&P/TSX 60 Index. HPYE.TO is actively managed, while TCND.TO is passively managed. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

HPYE.TO vs. TCND.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Premium Yield Enhanced ETF (HPYE.TO) and BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF (TCND.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HPYE.TO

• 1D: 0.93%
• 1M: 6.56%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TCND.TO

• 1D: 3.81%
• 1M: 14.65%
• YTD: 28.05%
• 6M: 31.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HPYE.TO vs. TCND.TO - Yearly Performance Comparison

	2026 (YTD)
HPYE.TO Harvest Premium Yield Enhanced ETF	10.25%
TCND.TO BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF	21.32%

Correlation

The correlation between HPYE.TO and TCND.TO is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	0.57

Return for Risk

HPYE.TO vs. TCND.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Premium Yield Enhanced ETF (HPYE.TO) and BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF (TCND.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

	HPYE.TO	TCND.TO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.35	3.00	-0.65

Drawdowns

HPYE.TO vs. TCND.TO - Drawdown Comparison

The maximum HPYE.TO drawdown since its inception was -5.51%, smaller than the maximum TCND.TO drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for HPYE.TO and TCND.TO.

Drawdown Indicators

	HPYE.TO	TCND.TO	Difference
Max Drawdown Largest peak-to-trough decline	-5.51%	-22.06%	+16.55%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.37%	-3.56%	+2.19%

Volatility

Volatility by Period

	HPYE.TO	TCND.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.93%	36.29%	-23.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.93%	36.29%	-23.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.93%	36.29%	-23.36%

Dividends

HPYE.TO vs. TCND.TO - Dividend Comparison

HPYE.TO's dividend yield for the trailing twelve months is around 5.03%, while TCND.TO has not paid dividends to shareholders.

Position	TTM
HPYE.TO Harvest Premium Yield Enhanced ETF	5.03%
TCND.TO BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF	0.00%

Frequently Asked Questions

Can I hold both HPYE.TO and TCND.TO in my portfolio?

HPYE.TO and TCND.TO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between HPYE.TO and TCND.TO?

HPYE.TO is categorized as Derivative Income, while TCND.TO is Leveraged Equities. They also come from different issuers: Harvest Portfolios Group and Global X.