XFR.TO vs. HHIC.TO
XFR.TO (iShares Floating Rate Index ETF) and HHIC.TO (Harvest Canadian High Income Shares ETF) are both exchange-traded funds - XFR.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD, while HHIC.TO is a Canada Equities fund actively managed by Harvest. XFR.TO is passively managed, while HHIC.TO is actively managed. At a 0.06 correlation, their price movements are largely independent. XFR.TO charges 0.14%/yr vs 0.40%/yr for HHIC.TO.
Performance
XFR.TO vs. HHIC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XFR.TO achieves a 1.15% return, which is significantly lower than HHIC.TO's 12.03% return.
XFR.TO
- 1D
- 0.05%
- 1M
- 0.26%
- YTD
- 1.15%
- 6M
- 1.33%
- 1Y
- 3.02%
- 3Y*
- 3.98%
- 5Y*
- 3.24%
- 10Y*
- 2.26%
HHIC.TO
- 1D
- 0.93%
- 1M
- 2.73%
- YTD
- 12.03%
- 6M
- 13.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XFR.TO vs. HHIC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XFR.TO iShares Floating Rate Index ETF | 1.15% | 1.14% |
HHIC.TO Harvest Canadian High Income Shares ETF | 12.03% | 16.60% |
Correlation
The correlation between XFR.TO and HHIC.TO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 21, 2025 | 0.06 |
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Return for Risk
XFR.TO vs. HHIC.TO — Risk / Return Rank
XFR.TO
HHIC.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XFR.TO vs. HHIC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Index ETF (XFR.TO) and Harvest Canadian High Income Shares ETF (HHIC.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.
| XFR.TO | HHIC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.98 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 29.79 | — | — |
| Martin ratioReturn relative to average drawdown | 90.21 | — | — |
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Drawdowns
XFR.TO vs. HHIC.TO - Drawdown Comparison
The maximum XFR.TO drawdown since its inception was -4.12%, smaller than the maximum HHIC.TO drawdown of -7.30%. Use the drawdown chart below to compare losses from any high point for XFR.TO and HHIC.TO.
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Drawdown Indicators
| XFR.TO | HHIC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.12% | -7.30% | +3.18% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -4.12% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.35% | +2.35% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -1.52% | +1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | — | — |
Volatility
XFR.TO vs. HHIC.TO - Volatility Comparison
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Volatility by Period
| XFR.TO | HHIC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.47% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.72% | 16.93% | -16.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.85% | 16.93% | -16.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.86% | 16.93% | -15.07% |
XFR.TO vs. HHIC.TO - Expense Ratio Comparison
XFR.TO has a 0.14% expense ratio, which is lower than HHIC.TO's 0.40% expense ratio.
Dividends
XFR.TO vs. HHIC.TO - Dividend Comparison
XFR.TO's dividend yield for the trailing twelve months is around 2.77%, less than HHIC.TO's 11.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HHIC.TO Harvest Canadian High Income Shares ETF | 11.06% | 4.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XFR.TO iShares Floating Rate Index ETF | 2.77% | 3.23% | 4.93% | 4.91% | 1.84% | 0.30% | 1.07% | 1.99% | 1.64% | 0.92% | 0.65% | 0.95% |
Frequently Asked Questions
XFR.TO and HHIC.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFR.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFR.TO is cheaper with a 0.14% expense ratio, compared with 0.40% for HHIC.TO.
XFR.TO is categorized as Canadian Government Bonds, while HHIC.TO is Canada Equities. They also come from different issuers: iShares and Harvest. Their fees differ too: 0.14% for XFR.TO and 0.40% for HHIC.TO.
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