XFR.TO vs. HPYE.TO
XFR.TO (iShares Floating Rate Index ETF) and HPYE.TO (Harvest Premium Yield Enhanced 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 HPYE.TO is a Derivative Income fund actively managed by Harvest Portfolios Group. XFR.TO is passively managed, while HPYE.TO is actively managed. At a 0.30 correlation, their price movements are largely independent. XFR.TO charges 0.14%/yr vs 0.65%/yr for HPYE.TO.
Performance
XFR.TO vs. HPYE.TO - Performance Comparison
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Returns By Period
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%
HPYE.TO
- 1D
- 0.36%
- 1M
- 3.48%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XFR.TO vs. HPYE.TO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
XFR.TO iShares Floating Rate Index ETF | 1.10% |
HPYE.TO Harvest Premium Yield Enhanced ETF | 10.60% |
Correlation
The correlation between XFR.TO and HPYE.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 21, 2026 | 0.30 |
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Return for Risk
XFR.TO vs. HPYE.TO — Risk / Return Rank
XFR.TO
HPYE.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XFR.TO vs. HPYE.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 Premium Yield Enhanced ETF (HPYE.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 | HPYE.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. HPYE.TO - Drawdown Comparison
The maximum XFR.TO drawdown since its inception was -4.12%, smaller than the maximum HPYE.TO drawdown of -5.51%. Use the drawdown chart below to compare losses from any high point for XFR.TO and HPYE.TO.
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Drawdown Indicators
| XFR.TO | HPYE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.12% | -5.51% | +1.39% |
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% | -0.52% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -1.35% | +1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | — | — |
Volatility
XFR.TO vs. HPYE.TO - Volatility Comparison
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Volatility by Period
| XFR.TO | HPYE.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% | 12.90% | -12.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.85% | 12.90% | -12.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.86% | 12.90% | -11.04% |
XFR.TO vs. HPYE.TO - Expense Ratio Comparison
XFR.TO has a 0.14% expense ratio, which is lower than HPYE.TO's 0.65% expense ratio.
Dividends
XFR.TO vs. HPYE.TO - Dividend Comparison
XFR.TO's dividend yield for the trailing twelve months is around 2.77%, less than HPYE.TO's 5.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPYE.TO Harvest Premium Yield Enhanced ETF | 5.06% | 0.00% | 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 HPYE.TO have a correlation of 0.30, 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 0.65% for HPYE.TO.
XFR.TO is categorized as Canadian Government Bonds, while HPYE.TO is Derivative Income. They also come from different issuers: iShares and Harvest Portfolios Group. Their fees differ too: 0.14% for XFR.TO and 0.65% for HPYE.TO.
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