HPYT.TO vs. TLT
Compare and contrast key facts about Harvest Premium Yield Treasury ETF A (HPYT.TO) and iShares 20+ Year Treasury Bond ETF (TLT).
HPYT.TO and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HPYT.TO is an actively managed fund by Harvest. It was launched on May 30, 2024. TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002.
Performance
HPYT.TO vs. TLT - Performance Comparison
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HPYT.TO vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HPYT.TO Harvest Premium Yield Treasury ETF A | -1.26% | 4.39% | -5.96% | 4.46% |
TLT iShares 20+ Year Treasury Bond ETF | 1.53% | -0.53% | -0.15% | 10.92% |
Different Trading Currencies
HPYT.TO is traded in CAD, while TLT is traded in USD. To make them comparable, the TLT values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HPYT.TO achieves a -1.26% return, which is significantly lower than TLT's 1.72% return.
HPYT.TO
- 1D
- -1.15%
- 1M
- -4.78%
- YTD
- -1.26%
- 6M
- -2.11%
- 1Y
- -1.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLT
- 1D
- 0.00%
- 1M
- -2.15%
- YTD
- 1.72%
- 6M
- -0.77%
- 1Y
- -3.62%
- 3Y*
- -1.79%
- 5Y*
- -3.85%
- 10Y*
- -0.70%
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HPYT.TO vs. TLT - Expense Ratio Comparison
HPYT.TO has a 0.45% expense ratio, which is higher than TLT's 0.15% expense ratio.
Return for Risk
HPYT.TO vs. TLT — Risk / Return Rank
HPYT.TO
TLT
HPYT.TO vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Premium Yield Treasury ETF A (HPYT.TO) and iShares 20+ Year Treasury Bond ETF (TLT). 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 | TLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.13 | -0.30 | +0.17 |
Sortino ratioReturn per unit of downside risk | -0.11 | -0.32 | +0.22 |
Omega ratioGain probability vs. loss probability | 0.99 | 0.96 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.07 | -0.18 | +0.11 |
Martin ratioReturn relative to average drawdown | -0.16 | -0.32 | +0.16 |
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 | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.13 | -0.30 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.15 | -0.10 |
Correlation
The correlation between HPYT.TO and TLT is 0.87, 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
HPYT.TO vs. TLT - Dividend Comparison
HPYT.TO's dividend yield for the trailing twelve months is around 16.79%, more than TLT's 4.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPYT.TO Harvest Premium Yield Treasury ETF A | 16.79% | 18.87% | 18.61% | 3.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.49% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Drawdowns
HPYT.TO vs. TLT - Drawdown Comparison
The maximum HPYT.TO drawdown since its inception was -13.17%, smaller than the maximum TLT drawdown of -49.81%. Use the drawdown chart below to compare losses from any high point for HPYT.TO and TLT.
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Drawdown Indicators
| HPYT.TO | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.17% | -48.35% | +35.18% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -9.23% | +1.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -8.22% | -40.17% | +31.95% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -13.62% | +7.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 4.38% | -0.96% |
Volatility
HPYT.TO vs. TLT - Volatility Comparison
The current volatility for Harvest Premium Yield Treasury ETF A (HPYT.TO) is 3.47%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 4.06%. This indicates that HPYT.TO experiences smaller price fluctuations and is considered to be less risky than TLT 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 | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 4.06% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 5.70% | 7.52% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.62% | 12.40% | -2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.08% | 16.66% | -5.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.08% | 16.41% | -5.33% |