TULB.TO vs. HPYM.TO
TULB.TO (TD U.S. Long Term Treasury Bond ETF) and HPYM.TO (Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units) are both Government Bonds funds. Both are actively managed. Over the past year, TULB.TO returned 6.29% vs 2.86% for HPYM.TO. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
TULB.TO vs. HPYM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TULB.TO achieves a 1.32% return, which is significantly higher than HPYM.TO's -0.97% return.
TULB.TO
- 1D
- 0.01%
- 1M
- -0.69%
- 6M
- -1.01%
- YTD
- 1.32%
- 1Y
- 6.29%
- 3Y*
- 0.37%
- 5Y*
- -4.35%
- 10Y*
- —
HPYM.TO
- 1D
- 0.40%
- 1M
- -0.00%
- 6M
- -1.15%
- YTD
- -0.97%
- 1Y
- 2.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TULB.TO vs. HPYM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TULB.TO TD U.S. Long Term Treasury Bond ETF | 1.32% | 0.01% | 1.44% |
HPYM.TO Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units | -0.97% | 6.72% | -0.50% |
Correlation
The correlation between TULB.TO and HPYM.TO is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2024 | 0.58 |
The correlation between TULB.TO and HPYM.TO has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
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Return for Risk
TULB.TO vs. HPYM.TO — Risk / Return Rank
TULB.TO
HPYM.TO
TULB.TO vs. HPYM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD U.S. Long Term Treasury Bond ETF (TULB.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.
| TULB.TO | HPYM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.11 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 0.74 | 0.00 |
| Martin ratioReturn relative to average drawdown | 1.58 | 1.80 | -0.23 |
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Drawdowns
TULB.TO vs. HPYM.TO - Drawdown Comparison
The maximum TULB.TO drawdown since its inception was -44.56%, 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 TULB.TO and HPYM.TO.
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Drawdown Indicators
| TULB.TO | HPYM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.56% | -6.19% | -38.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -3.87% | -4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -13.17% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.06% | — | — |
Current DrawdownCurrent decline from peak | -35.90% | -2.45% | -33.45% |
Average DrawdownAverage peak-to-trough decline | -30.44% | -1.96% | -28.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 1.59% | +2.41% |
Volatility
TULB.TO vs. HPYM.TO - Volatility Comparison
TD U.S. Long Term Treasury Bond ETF (TULB.TO) has a higher volatility of 2.78% compared to Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units (HPYM.TO) at 2.08%. This indicates that TULB.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
| TULB.TO | HPYM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 2.08% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 7.00% | 3.84% | +3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.35% | 4.75% | +4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 5.64% | +10.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 5.64% | +11.13% |
Dividends
TULB.TO vs. HPYM.TO - Dividend Comparison
TULB.TO's dividend yield for the trailing twelve months is around 4.61%, less than HPYM.TO's 9.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HPYM.TO Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units | 9.32% | 9.01% | 8.07% | 0.00% | 0.00% | 0.00% |
TULB.TO TD U.S. Long Term Treasury Bond ETF | 4.61% | 4.54% | 1.99% | 3.37% | 1.04% | 0.21% |
Frequently Asked Questions
TULB.TO and HPYM.TO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: TD and Harvest.
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