TBIL.TO vs. HISA.NEO

Last updated Apr 1, 2026

Compare and contrast key facts about Harvest Canadian T-Bill ETF (TBIL.TO) and Evolve High Interest Savings Account ETF (HISA.NEO).

TBIL.TO and HISA.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBIL.TO is an actively managed fund by Harvest. It was launched on Jan 11, 2024. HISA.NEO is an actively managed fund by Evolve. It was launched on Nov 19, 2019.

Performance

TBIL.TO vs. HISA.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Canadian T-Bill ETF (TBIL.TO) and Evolve High Interest Savings Account ETF (HISA.NEO). The values are adjusted to include any dividend payments, if applicable.

TBIL.TO vs. HISA.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TBIL.TO Harvest Canadian T-Bill ETF	0.28%	2.60%	9.21%
HISA.NEO Evolve High Interest Savings Account ETF	0.30%	2.30%	3.51%

Returns By Period

In the year-to-date period, TBIL.TO achieves a 0.28% return, which is significantly lower than HISA.NEO's 0.30% return.

TBIL.TO

• 1D: -0.18%
• 1M: 0.00%
• YTD: 0.28%
• 6M: 0.88%
• 1Y: 2.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HISA.NEO

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.30%
• 6M: 0.87%
• 1Y: 2.17%
• 3Y*: 3.30%
• 5Y*: 2.73%
• 10Y*: —

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

TBIL.TO vs. HISA.NEO - Expense Ratio Comparison

TBIL.TO has a 0.00% expense ratio, which is lower than HISA.NEO's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

HISA.NEO

Evolve High Interest Savings Account ETF

TBIL.TO

Harvest Canadian T-Bill ETF

Return for Risk

TBIL.TO vs. HISA.NEO — Risk / Return Rank

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

TBIL.TO

TBIL.TO Risk / Return Rank: 99
TBIL.TO Sharpe Ratio Rank: 99
TBIL.TO Sortino Ratio Rank: 99
TBIL.TO Omega Ratio Rank: 99
TBIL.TO Calmar Ratio Rank: 99
TBIL.TO Martin Ratio Rank: 99

HISA.NEO

HISA.NEO Risk / Return Rank: 99
HISA.NEO Sharpe Ratio Rank: 99
HISA.NEO Sortino Ratio Rank: 99
HISA.NEO Omega Ratio Rank: 100
HISA.NEO Calmar Ratio Rank: 99
HISA.NEO Martin Ratio Rank: 99

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.

TBIL.TO vs. HISA.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Canadian T-Bill ETF (TBIL.TO) and Evolve High Interest Savings Account ETF (HISA.NEO). 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.

	TBIL.TO	HISA.NEO	Difference
Sharpe ratio Return per unit of total volatility	6.13	6.81	-0.68
Sortino ratio Return per unit of downside risk	9.80	11.79	-1.98
Omega ratio Gain probability vs. loss probability	3.19	5.96	-2.76
Calmar ratio Return relative to maximum drawdown	12.26	13.54	-1.28
Martin ratio Return relative to average drawdown	148.82	152.99	-4.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TBIL.TO vs. HISA.NEO - Sharpe Ratio Comparison

The current TBIL.TO Sharpe Ratio is 6.13, which is comparable to the HISA.NEO Sharpe Ratio of 6.81. The chart below compares the historical Sharpe Ratios of TBIL.TO and HISA.NEO, 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

	TBIL.TO	HISA.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.13	6.81	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	6.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.21	5.21	+0.01

Correlation

The correlation between TBIL.TO and HISA.NEO is -0.01. 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

TBIL.TO vs. HISA.NEO - Dividend Comparison

TBIL.TO's dividend yield for the trailing twelve months is around 2.17%, less than HISA.NEO's 2.35% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
TBIL.TO Harvest Canadian T-Bill ETF	2.17%	2.57%	8.81%	0.00%	0.00%	0.00%	0.00%	0.00%
HISA.NEO Evolve High Interest Savings Account ETF	2.35%	2.32%	3.65%	4.60%	2.22%	0.52%	0.84%	0.76%

Drawdowns

TBIL.TO vs. HISA.NEO - Drawdown Comparison

The maximum TBIL.TO drawdown since its inception was -0.38%, smaller than the maximum HISA.NEO drawdown of -0.42%. Use the drawdown chart below to compare losses from any high point for TBIL.TO and HISA.NEO.

Drawdown Indicators

	TBIL.TO	HISA.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-0.38%	-0.42%	+0.04%
Max Drawdown (1Y) Largest decline over 1 year	-0.18%	-0.18%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	—	-0.42%	—
Current Drawdown Current decline from peak	-0.18%	0.00%	-0.18%
Average Drawdown Average peak-to-trough decline	0.00%	-0.01%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.02%	-0.01%

Volatility

TBIL.TO vs. HISA.NEO - Volatility Comparison

Harvest Canadian T-Bill ETF (TBIL.TO) has a higher volatility of 0.21% compared to Evolve High Interest Savings Account ETF (HISA.NEO) at 0.08%. This indicates that TBIL.TO's price experiences larger fluctuations and is considered to be riskier than HISA.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TBIL.TO	HISA.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.21%	0.08%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	0.28%	0.31%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	0.36%	0.35%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.13%	0.46%	+0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.13%	0.48%	+0.65%