TCON.TO vs. HBIE.TO
TCON.TO (TD Conservative ETF Portfolio) and HBIE.TO (Harvest Balanced Income & Growth Enhanced ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past year, TCON.TO returned 11.80% vs 14.15% for HBIE.TO. Their 0.58 correlation means they have sometimes moved together and sometimes differently. TCON.TO charges 0.17%/yr vs 2.27%/yr for HBIE.TO.
Performance
TCON.TO vs. HBIE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TCON.TO achieves a 5.41% return, which is significantly lower than HBIE.TO's 6.03% return.
TCON.TO
- 1D
- -0.23%
- 1M
- -1.00%
- 6M
- 4.01%
- YTD
- 5.41%
- 1Y
- 11.80%
- 3Y*
- 10.36%
- 5Y*
- 5.13%
- 10Y*
- —
- ALL TIME*
- 5.36%
HBIE.TO
- 1D
- 0.72%
- 1M
- -1.07%
- 6M
- 5.14%
- YTD
- 6.03%
- 1Y
- 14.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$27.44K | CA$20.29K | CA$24.92K | |
| CA$186.38K | CA$201.50K | CA$208.02K |
TCON.TO vs. HBIE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TCON.TO TD Conservative ETF Portfolio | 5.41% | 10.47% | 9.49% |
HBIE.TO Harvest Balanced Income & Growth Enhanced ETF | 6.03% | 10.30% | 6.94% |
Correlation
The correlation between TCON.TO and HBIE.TO is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2024 | 0.58 |
The correlation between TCON.TO and HBIE.TO shifts across timeframes, from 0.58 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TCON.TO vs. HBIE.TO — Risk / Return Rank
TCON.TO
HBIE.TO
TCON.TO vs. HBIE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Conservative ETF Portfolio (TCON.TO) and Harvest Balanced Income & Growth Enhanced ETF (HBIE.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.
| TCON.TO | HBIE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.28 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.60 | -0.32 |
| Martin ratioReturn relative to average drawdown | 9.44 | 10.53 | -1.09 |
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Drawdowns
TCON.TO vs. HBIE.TO - Drawdown Comparison
The maximum TCON.TO drawdown since its inception was -16.43%, which is greater than HBIE.TO's maximum drawdown of -10.29%. Use the drawdown chart below to compare losses from any high point for TCON.TO and HBIE.TO.
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Drawdown Indicators
| TCON.TO | HBIE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.43% | -10.29% | -6.14% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -5.24% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -6.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.43% | — | — |
Current DrawdownCurrent decline from peak | -1.28% | -1.92% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -3.65% | -1.75% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.29% | -0.07% |
Volatility
TCON.TO vs. HBIE.TO - Volatility Comparison
The current volatility for TD Conservative ETF Portfolio (TCON.TO) is 1.86%, while Harvest Balanced Income & Growth Enhanced ETF (HBIE.TO) has a volatility of 2.40%. This indicates that TCON.TO experiences smaller price fluctuations and is considered to be less risky than HBIE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCON.TO | HBIE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 2.40% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 5.60% | 7.64% | -2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.70% | 9.06% | -2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.84% | 9.66% | -1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 9.66% | -2.12% |
TCON.TO vs. HBIE.TO - Expense Ratio Comparison
TCON.TO has a 0.17% expense ratio, which is lower than HBIE.TO's 2.27% expense ratio.
Dividends
TCON.TO vs. HBIE.TO - Dividend Comparison
TCON.TO's dividend yield for the trailing twelve months is around 2.57%, less than HBIE.TO's 10.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
HBIE.TO Harvest Balanced Income & Growth Enhanced ETF | 10.13% | 10.12% | 7.56% | 0.00% | 0.00% | 0.00% | 0.00% |
TCON.TO TD Conservative ETF Portfolio | 2.57% | 2.88% | 3.48% | 3.27% | 2.69% | 1.96% | 1.03% |
Frequently Asked Questions
TCON.TO and HBIE.TO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TCON.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TCON.TO is cheaper with a 0.17% expense ratio, compared with 2.27% for HBIE.TO.
They also come from different issuers: TD and Harvest. Their fees differ too: 0.17% for TCON.TO and 2.27% for HBIE.TO.
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