RBNK.TO vs. HPYB.TO

Last updated Jul 17, 2026

RBNK.TO (RBC Canadian Bank Yield Index ETF) and HPYB.TO (Harvest Premium Yield Canadian Bank ETF) are both exchange-traded funds - RBNK.TO is a Financials Equities fund tracking the Solactive Canada Bank Yield Index, while HPYB.TO is a Derivative Income fund actively managed by Harvest. RBNK.TO is passively managed, while HPYB.TO is actively managed. Their correlation of 0.93 suggests significant overlap in exposure.

Performance

RBNK.TO vs. HPYB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in RBC Canadian Bank Yield Index ETF (RBNK.TO) and Harvest Premium Yield Canadian Bank ETF (HPYB.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RBNK.TO

• 1D: -0.55%
• 1M: 7.14%
• 6M: 33.61%
• YTD: 36.55%
• 1Y: 73.69%
• 3Y*: 37.64%
• 5Y*: 21.16%
• 10Y*: —

HPYB.TO

• 1D: -0.26%
• 1M: 3.78%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RBNK.TO vs. HPYB.TO - Yearly Performance Comparison

	2026 (YTD)
RBNK.TO RBC Canadian Bank Yield Index ETF	35.31%
HPYB.TO Harvest Premium Yield Canadian Bank ETF	18.14%

Correlation

The correlation between RBNK.TO and HPYB.TO is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 21, 2026	0.93

Return for Risk

RBNK.TO vs. HPYB.TO — Risk / Return Rank

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

RBNK.TO

RBNK.TO Risk / Return Rank: 98
RBNK.TO Sharpe Ratio Rank: 99
RBNK.TO Sortino Ratio Rank: 98
RBNK.TO Omega Ratio Rank: 98
RBNK.TO Calmar Ratio Rank: 97
RBNK.TO Martin Ratio Rank: 97

HPYB.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

RBNK.TO vs. HPYB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Canadian Bank Yield Index ETF (RBNK.TO) and Harvest Premium Yield Canadian Bank ETF (HPYB.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.

	RBNK.TO	HPYB.TO	Difference
Sharpe ratio: Return per unit of total volatility	5.29	—	—
Sortino ratio: Return per unit of downside risk	6.78	—	—
Omega ratio: Gain probability vs. loss probability	1.94	—	—
Calmar ratio: Return relative to maximum drawdown	8.16	—	—
Martin ratio: Return relative to average drawdown	35.03	—	—

Drawdowns

RBNK.TO vs. HPYB.TO - Drawdown Comparison

The maximum RBNK.TO drawdown since its inception was -39.23%, which is greater than HPYB.TO's maximum drawdown of -6.37%. Use the drawdown chart below to compare losses from any high point for RBNK.TO and HPYB.TO.

Drawdown Indicators

	RBNK.TO	HPYB.TO	Difference
Max Drawdown Largest peak-to-trough decline	-39.23%	-6.37%	-32.86%
Max Drawdown (1Y) Largest decline over 1 year	-9.08%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.86%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.60%	—	—
Current Drawdown Current decline from peak	-0.55%	-0.26%	-0.29%
Average Drawdown Average peak-to-trough decline	-7.45%	-1.09%	-6.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	—	—

Volatility

Volatility by Period

	RBNK.TO	HPYB.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.00%	11.82%	+2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.00%	11.82%	+2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.20%	11.82%	+6.38%

Dividends

RBNK.TO vs. HPYB.TO - Dividend Comparison

RBNK.TO's dividend yield for the trailing twelve months is around 2.63%, less than HPYB.TO's 6.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HPYB.TO Harvest Premium Yield Canadian Bank ETF	6.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RBNK.TO RBC Canadian Bank Yield Index ETF	2.63%	3.39%	4.50%	4.81%	4.52%	3.09%	4.21%	3.89%	4.09%	0.56%

Frequently Asked Questions

Can I hold both RBNK.TO and HPYB.TO in my portfolio?

With a correlation of 0.93, RBNK.TO and HPYB.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

What is the main difference between RBNK.TO and HPYB.TO?

RBNK.TO is categorized as Financials Equities, while HPYB.TO is Derivative Income. They also come from different issuers: RBC and Harvest.