XFR.TO vs. HHIS.TO
XFR.TO (iShares Floating Rate Index ETF) and HHIS.TO (Harvest Diversified 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 HHIS.TO is a Derivative Income fund actively managed by Harvest. XFR.TO is passively managed, while HHIS.TO is actively managed. Over the past year, XFR.TO returned 3.02% vs 27.04% for HHIS.TO. At a 0.08 correlation, their price movements are largely independent. XFR.TO charges 0.14%/yr vs 0.00%/yr for HHIS.TO.
Performance
XFR.TO vs. HHIS.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 HHIS.TO's 4.23% 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%
HHIS.TO
- 1D
- -0.18%
- 1M
- -2.83%
- YTD
- 4.23%
- 6M
- 3.47%
- 1Y
- 27.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XFR.TO vs. HHIS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XFR.TO iShares Floating Rate Index ETF | 1.15% | 3.18% |
HHIS.TO Harvest Diversified High Income Shares ETF | 4.23% | 24.70% |
Correlation
The correlation between XFR.TO and HHIS.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025 | 0.08 |
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Return for Risk
XFR.TO vs. HHIS.TO — Risk / Return Rank
XFR.TO
HHIS.TO
XFR.TO vs. HHIS.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 Diversified High Income Shares ETF (HHIS.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 | HHIS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.03 | ||
| Sortino ratioReturn per unit of downside risk | +5.46 | ||
| Omega ratioGain probability vs. loss probability | 1.98 | 1.20 | +0.78 |
| Calmar ratioReturn relative to maximum drawdown | 29.79 | 1.08 | +28.70 |
| Martin ratioReturn relative to average drawdown | 90.21 | 2.68 | +87.53 |
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Drawdowns
XFR.TO vs. HHIS.TO - Drawdown Comparison
The maximum XFR.TO drawdown since its inception was -4.12%, smaller than the maximum HHIS.TO drawdown of -31.83%. Use the drawdown chart below to compare losses from any high point for XFR.TO and HHIS.TO.
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Drawdown Indicators
| XFR.TO | HHIS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.12% | -31.83% | +27.71% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -24.43% | +24.33% |
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% | -7.47% | +7.47% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -8.64% | +8.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 9.86% | -9.83% |
Volatility
XFR.TO vs. HHIS.TO - Volatility Comparison
The current volatility for iShares Floating Rate Index ETF (XFR.TO) is 0.23%, while Harvest Diversified High Income Shares ETF (HHIS.TO) has a volatility of 8.04%. This indicates that XFR.TO experiences smaller price fluctuations and is considered to be less risky than HHIS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XFR.TO | HHIS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | 8.04% | -7.81% |
Volatility (6M)Calculated over the trailing 6-month period | 0.47% | 18.09% | -17.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.72% | 23.84% | -23.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.85% | 33.81% | -32.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.86% | 33.81% | -31.95% |
XFR.TO vs. HHIS.TO - Expense Ratio Comparison
XFR.TO has a 0.14% expense ratio, which is higher than HHIS.TO's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XFR.TO vs. HHIS.TO - Dividend Comparison
XFR.TO's dividend yield for the trailing twelve months is around 2.77%, less than HHIS.TO's 27.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HHIS.TO Harvest Diversified High Income Shares ETF | 27.93% | 22.88% | 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 HHIS.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HHIS.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HHIS.TO is cheaper with a 0.00% expense ratio, compared with 0.14% for XFR.TO.
XFR.TO is categorized as Canadian Government Bonds, while HHIS.TO is Derivative Income. They also come from different issuers: iShares and Harvest. Their fees differ too: 0.14% for XFR.TO and 0.00% for HHIS.TO.
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