HVOI.TO vs. HPYM.TO
HVOI.TO (Harvest Low Volatility Canadian Equity Income ETF Class A) and HPYM.TO (Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units) are both exchange-traded funds - HVOI.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, HVOI.TO returned 20.16% vs 0.57% for HPYM.TO. Their 0.21 correlation means their historical movements had little consistent relationship. HVOI.TO charges 0.89%/yr vs 0.45%/yr for HPYM.TO.
Performance
HVOI.TO vs. HPYM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HVOI.TO achieves a 11.03% return, which is significantly higher than HPYM.TO's -1.36% return.
HVOI.TO
- 1D
- 0.28%
- 1M
- 1.05%
- 6M
- 11.45%
- YTD
- 11.03%
- 1Y
- 20.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 21.02%
HPYM.TO
- 1D
- 0.50%
- 1M
- -1.37%
- 6M
- -1.08%
- YTD
- -1.36%
- 1Y
- 0.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$160.85K | CA$179.65K | CA$216.84K | |
| CA$34.24K | CA$36.50K | CA$47.47K |
HVOI.TO vs. HPYM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A | 11.03% | 15.49% |
HPYM.TO Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units | -1.36% | 4.22% |
Correlation
The correlation between HVOI.TO and HPYM.TO is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2025 | 0.21 |
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Return for Risk
HVOI.TO vs. HPYM.TO — Risk / Return Rank
HVOI.TO
HPYM.TO
HVOI.TO vs. HPYM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Low Volatility Canadian Equity Income ETF Class A (HVOI.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HVOI.TO | HPYM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.18 | ||
| Sortino ratioReturn per unit of downside risk | +3.15 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.03 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 0.15 | +2.87 |
| Martin ratioReturn relative to average drawdown | 12.03 | 0.33 | +11.70 |
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Drawdowns
HVOI.TO vs. HPYM.TO - Drawdown Comparison
The maximum HVOI.TO drawdown since its inception was -6.72%, 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 HVOI.TO and HPYM.TO.
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Drawdown Indicators
| HVOI.TO | HPYM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.72% | -6.19% | -0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -3.87% | -2.85% |
Current DrawdownCurrent decline from peak | -1.03% | -2.83% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -1.98% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.73% | -0.05% |
Volatility
HVOI.TO vs. HPYM.TO - Volatility Comparison
Harvest Low Volatility Canadian Equity Income ETF Class A (HVOI.TO) has a higher volatility of 2.18% compared to Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units (HPYM.TO) at 1.42%. This indicates that HVOI.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
| HVOI.TO | HPYM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 1.42% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 3.84% | +3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.81% | 4.65% | +4.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 5.61% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.31% | 5.61% | +2.70% |
HVOI.TO vs. HPYM.TO - Expense Ratio Comparison
HVOI.TO has a 0.89% expense ratio, which is higher than HPYM.TO's 0.45% expense ratio.
Dividends
HVOI.TO vs. HPYM.TO - Dividend Comparison
HVOI.TO's dividend yield for the trailing twelve months is around 6.69%, less than HPYM.TO's 9.10% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HPYM.TO Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units | 9.10% | 9.01% | 8.07% |
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A | 6.69% | 4.76% | 0.00% |
Frequently Asked Questions
HVOI.TO and HPYM.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HPYM.TO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HPYM.TO is cheaper with a 0.45% expense ratio, compared with 0.89% for HVOI.TO.
HVOI.TO is categorized as Derivative Income, while HPYM.TO is Government Bonds. Their fees differ too: 0.89% for HVOI.TO and 0.45% for HPYM.TO.
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