HPYT.TO vs. HPYM.TO
HPYT.TO (Harvest Premium Yield Treasury ETF A) and HPYM.TO (Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units) are both exchange-traded funds - HPYT.TO is a Derivative Income fund actively managed by Harvest, while HPYM.TO is a Government Bonds fund actively managed by Harvest. Both are actively managed. Over the past year, HPYT.TO returned 5.01% vs 2.79% for HPYM.TO. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.45% expense ratio.
Performance
HPYT.TO vs. HPYM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HPYT.TO achieves a -0.30% return, which is significantly higher than HPYM.TO's -1.25% return.
HPYT.TO
- 1D
- -0.31%
- 1M
- 0.63%
- YTD
- -0.30%
- 6M
- -1.79%
- 1Y
- 5.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HPYM.TO
- 1D
- -0.20%
- 1M
- -0.10%
- YTD
- -1.25%
- 6M
- -1.71%
- 1Y
- 2.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HPYT.TO vs. HPYM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HPYT.TO Harvest Premium Yield Treasury ETF A | -0.30% | 4.39% | -3.08% |
HPYM.TO Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units | -1.25% | 6.72% | -0.41% |
Correlation
The correlation between HPYT.TO and HPYM.TO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2024 | 0.84 |
The correlation between HPYT.TO and HPYM.TO has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.
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Return for Risk
HPYT.TO vs. HPYM.TO — Risk / Return Rank
HPYT.TO
HPYM.TO
HPYT.TO vs. HPYM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Premium Yield Treasury ETF A (HPYT.TO) and Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units (HPYM.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.
| HPYT.TO | HPYM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.11 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 0.73 | +0.04 |
| Martin ratioReturn relative to average drawdown | 2.06 | 2.05 | +0.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HPYT.TO | HPYM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.62 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.37 | -0.29 |
Drawdowns
HPYT.TO vs. HPYM.TO - Drawdown Comparison
The maximum HPYT.TO drawdown since its inception was -13.17%, which is greater than HPYM.TO's maximum drawdown of -6.19%. Use the drawdown chart below to compare losses from any high point for HPYT.TO and HPYM.TO.
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Drawdown Indicators
| HPYT.TO | HPYM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.17% | -6.19% | -6.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -3.85% | -2.76% |
Current DrawdownCurrent decline from peak | -7.33% | -2.71% | -4.62% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -1.94% | -3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 1.36% | +1.08% |
Volatility
HPYT.TO vs. HPYM.TO - Volatility Comparison
Harvest Premium Yield Treasury ETF A (HPYT.TO) has a higher volatility of 2.78% compared to Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units (HPYM.TO) at 2.02%. This indicates that HPYT.TO's price experiences larger fluctuations and is considered to be riskier than HPYM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPYT.TO | HPYM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 2.02% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 5.67% | 3.28% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.14% | 4.53% | +3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.87% | 5.61% | +5.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.87% | 5.61% | +5.26% |
HPYT.TO vs. HPYM.TO - Expense Ratio Comparison
Both HPYT.TO and HPYM.TO have an expense ratio of 0.45%.
Dividends
HPYT.TO vs. HPYM.TO - Dividend Comparison
HPYT.TO's dividend yield for the trailing twelve months is around 17.40%, more than HPYM.TO's 9.38% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HPYM.TO Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units | 9.38% | 9.01% | 8.07% | 0.00% |
HPYT.TO Harvest Premium Yield Treasury ETF A | 17.40% | 18.87% | 18.61% | 3.71% |
Frequently Asked Questions
HPYT.TO and HPYM.TO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HPYT.TO and HPYM.TO have the same expense ratio: 0.45% per year.
HPYT.TO is categorized as Derivative Income, while HPYM.TO is Government Bonds.
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