NVHE.TO vs. HBIL.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Harvest NVIDIA Enhanced High Income Shares ETF (NVHE.TO) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.TO).

NVHE.TO and HBIL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVHE.TO is an actively managed fund by Harvest. It was launched on Aug 19, 2024. HBIL.TO is an actively managed fund by Hamilton Capital. It was launched on Sep 12, 2024.

Performance

NVHE.TO vs. HBIL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest NVIDIA Enhanced High Income Shares ETF (NVHE.TO) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.TO). The values are adjusted to include any dividend payments, if applicable.

NVHE.TO vs. HBIL.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NVHE.TO Harvest NVIDIA Enhanced High Income Shares ETF	-2.66%	31.47%	23.83%
HBIL.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged)	0.12%	3.05%	-1.40%

Returns By Period

In the year-to-date period, NVHE.TO achieves a -2.66% return, which is significantly lower than HBIL.TO's 0.12% return.

NVHE.TO

• 1D: 1.02%
• 1M: -1.61%
• YTD: -2.66%
• 6M: -1.35%
• 1Y: 62.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HBIL.TO

• 1D: -0.21%
• 1M: -0.64%
• YTD: 0.12%
• 6M: 0.42%
• 1Y: 1.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVHE.TO vs. HBIL.TO - Expense Ratio Comparison

NVHE.TO has a 0.40% expense ratio, which is higher than HBIL.TO's 0.35% expense ratio.

NVHE.TO

Harvest NVIDIA Enhanced High Income Shares ETF

HBIL.TO

Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged)

Return for Risk

NVHE.TO vs. HBIL.TO — Risk / Return Rank

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

NVHE.TO

NVHE.TO Risk / Return Rank: 77
NVHE.TO Sharpe Ratio Rank: 74
NVHE.TO Sortino Ratio Rank: 77
NVHE.TO Omega Ratio Rank: 70
NVHE.TO Calmar Ratio Rank: 92
NVHE.TO Martin Ratio Rank: 72

HBIL.TO

HBIL.TO Risk / Return Rank: 42
HBIL.TO Sharpe Ratio Rank: 45
HBIL.TO Sortino Ratio Rank: 42
HBIL.TO Omega Ratio Rank: 38
HBIL.TO Calmar Ratio Rank: 48
HBIL.TO Martin Ratio Rank: 38

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.

NVHE.TO vs. HBIL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest NVIDIA Enhanced High Income Shares ETF (NVHE.TO) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.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.

	NVHE.TO	HBIL.TO	Difference
Sharpe ratio Return per unit of total volatility	1.40	0.88	+0.53
Sortino ratio Return per unit of downside risk	2.03	1.24	+0.80
Omega ratio Gain probability vs. loss probability	1.27	1.16	+0.11
Calmar ratio Return relative to maximum drawdown	3.48	1.34	+2.14
Martin ratio Return relative to average drawdown	8.07	3.89	+4.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVHE.TO vs. HBIL.TO - Sharpe Ratio Comparison

The current NVHE.TO Sharpe Ratio is 1.40, which is higher than the HBIL.TO Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of NVHE.TO and HBIL.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NVHE.TO	HBIL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	0.88	+0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.55	-0.07

Correlation

The correlation between NVHE.TO and HBIL.TO is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

NVHE.TO vs. HBIL.TO - Dividend Comparison

NVHE.TO's dividend yield for the trailing twelve months is around 24.45%, more than HBIL.TO's 7.06% yield.

	TTM	2025	2024
NVHE.TO Harvest NVIDIA Enhanced High Income Shares ETF	24.45%	21.62%	7.29%
HBIL.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged)	7.06%	7.49%	2.58%

Drawdowns

NVHE.TO vs. HBIL.TO - Drawdown Comparison

The maximum NVHE.TO drawdown since its inception was -40.87%, which is greater than HBIL.TO's maximum drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for NVHE.TO and HBIL.TO.

Drawdown Indicators

	NVHE.TO	HBIL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-40.87%	-1.69%	-39.18%
Max Drawdown (1Y) Largest decline over 1 year	-18.41%	-1.30%	-17.11%
Current Drawdown Current decline from peak	-12.42%	-0.78%	-11.64%
Average Drawdown Average peak-to-trough decline	-10.09%	-0.48%	-9.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.95%	0.45%	+7.50%

Volatility

NVHE.TO vs. HBIL.TO - Volatility Comparison

Harvest NVIDIA Enhanced High Income Shares ETF (NVHE.TO) has a higher volatility of 12.01% compared to Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.TO) at 0.72%. This indicates that NVHE.TO's price experiences larger fluctuations and is considered to be riskier than HBIL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVHE.TO	HBIL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.01%	0.72%	+11.29%
Volatility (6M) Calculated over the trailing 6-month period	27.28%	1.13%	+26.15%
Volatility (1Y) Calculated over the trailing 1-year period	45.08%	1.85%	+43.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.30%	2.05%	+48.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.30%	2.05%	+48.25%