XTLH.TO vs. HPYM.TO
XTLH.TO (iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged)) and HPYM.TO (Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units) are both Government Bonds funds. XTLH.TO is passively managed, while HPYM.TO is actively managed. Over the past year, XTLH.TO returned 3.13% vs 2.79% for HPYM.TO. Their correlation of 0.81 suggests significant overlap in exposure. XTLH.TO charges 0.18%/yr vs 0.45%/yr for HPYM.TO.
Performance
XTLH.TO vs. HPYM.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XTLH.TO achieves a -1.03% return, which is significantly higher than HPYM.TO's -1.25% return.
XTLH.TO
- 1D
- -0.42%
- 1M
- 0.65%
- YTD
- -1.03%
- 6M
- -2.78%
- 1Y
- 3.13%
- 3Y*
- -3.65%
- 5Y*
- —
- 10Y*
- —
HPYM.TO
- 1D
- -0.20%
- 1M
- -0.10%
- YTD
- -1.25%
- 6M
- -1.71%
- 1Y
- 2.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTLH.TO vs. HPYM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XTLH.TO iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) | -1.03% | 2.61% | -5.17% |
HPYM.TO Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units | -1.25% | 6.72% | -0.41% |
Correlation
The correlation between XTLH.TO and HPYM.TO is 0.79, 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 | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2024 | 0.82 |
The correlation between XTLH.TO and HPYM.TO has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XTLH.TO vs. HPYM.TO — Risk / Return Rank
XTLH.TO
HPYM.TO
XTLH.TO vs. HPYM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.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.
| XTLH.TO | HPYM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.11 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.73 | -0.35 |
| Martin ratioReturn relative to average drawdown | 0.94 | 2.05 | -1.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XTLH.TO | HPYM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.62 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | 0.37 | -0.52 |
Drawdowns
XTLH.TO vs. HPYM.TO - Drawdown Comparison
The maximum XTLH.TO drawdown since its inception was -22.72%, 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 XTLH.TO and HPYM.TO.
Loading charts...
Drawdown Indicators
| XTLH.TO | HPYM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.72% | -6.19% | -16.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -3.85% | -4.52% |
Max Drawdown (3Y)Largest decline over 3 years | -19.47% | — | — |
Current DrawdownCurrent decline from peak | -14.80% | -2.71% | -12.09% |
Average DrawdownAverage peak-to-trough decline | -12.15% | -1.94% | -10.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 1.36% | +2.00% |
Volatility
XTLH.TO vs. HPYM.TO - Volatility Comparison
iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO) has a higher volatility of 2.98% compared to Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units (HPYM.TO) at 2.02%. This indicates that XTLH.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.
Loading charts...
Volatility by Period
| XTLH.TO | HPYM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 2.02% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 6.42% | 3.28% | +3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 4.53% | +5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.16% | 5.61% | +8.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.16% | 5.61% | +8.55% |
XTLH.TO vs. HPYM.TO - Expense Ratio Comparison
XTLH.TO has a 0.18% expense ratio, which is lower than HPYM.TO's 0.45% expense ratio.
Dividends
XTLH.TO vs. HPYM.TO - Dividend Comparison
XTLH.TO's dividend yield for the trailing twelve months is around 4.62%, less than HPYM.TO's 9.38% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HPYM.TO Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units | 9.38% | 9.01% | 8.07% | 0.00% |
XTLH.TO iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) | 4.62% | 4.42% | 4.32% | 2.67% |
Frequently Asked Questions
XTLH.TO and HPYM.TO have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTLH.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTLH.TO is cheaper with a 0.18% expense ratio, compared with 0.45% for HPYM.TO.
They also come from different issuers: iShares and Harvest. Their fees differ too: 0.18% for XTLH.TO and 0.45% for HPYM.TO.
Find the right allocation for XTLH.TO and HPYM.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer