XTLT.TO vs. HPYM.TO
XTLT.TO (iShares 20+ Year U.S. Treasury Bond Index ETF) and HPYM.TO (Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units) are both Government Bonds funds. XTLT.TO is passively managed, while HPYM.TO is actively managed. Over the past year, XTLT.TO returned 5.60% vs 2.79% for HPYM.TO. A 0.71 correlation means they provide meaningful diversification when combined. XTLT.TO charges 0.18%/yr vs 0.45%/yr for HPYM.TO.
Performance
XTLT.TO vs. HPYM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XTLT.TO achieves a 0.91% return, which is significantly higher than HPYM.TO's -1.25% return.
XTLT.TO
- 1D
- 0.00%
- 1M
- 2.85%
- YTD
- 0.91%
- 6M
- -2.99%
- 1Y
- 5.60%
- 3Y*
- -1.68%
- 5Y*
- —
- 10Y*
- —
HPYM.TO
- 1D
- -0.20%
- 1M
- -0.10%
- YTD
- -1.25%
- 6M
- -1.71%
- 1Y
- 2.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTLT.TO vs. HPYM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XTLT.TO iShares 20+ Year U.S. Treasury Bond Index ETF | 0.91% | -1.07% | 0.89% |
HPYM.TO Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units | -1.25% | 6.72% | -0.41% |
Correlation
The correlation between XTLT.TO and HPYM.TO is 0.65, 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 | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2024 | 0.71 |
The correlation between XTLT.TO and HPYM.TO has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.
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Return for Risk
XTLT.TO vs. HPYM.TO — Risk / Return Rank
XTLT.TO
HPYM.TO
XTLT.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 (XTLT.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.
| XTLT.TO | HPYM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.11 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 0.73 | -0.15 |
| Martin ratioReturn relative to average drawdown | 1.26 | 2.05 | -0.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XTLT.TO | HPYM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.62 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.37 | -0.46 |
Drawdowns
XTLT.TO vs. HPYM.TO - Drawdown Comparison
The maximum XTLT.TO drawdown since its inception was -21.04%, 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 XTLT.TO and HPYM.TO.
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Drawdown Indicators
| XTLT.TO | HPYM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.04% | -6.19% | -14.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.72% | -3.85% | -5.87% |
Max Drawdown (3Y)Largest decline over 3 years | -16.07% | — | — |
Current DrawdownCurrent decline from peak | -9.60% | -2.71% | -6.89% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -1.94% | -7.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 1.36% | +3.09% |
Volatility
XTLT.TO vs. HPYM.TO - Volatility Comparison
iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) has a higher volatility of 3.14% compared to Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units (HPYM.TO) at 2.02%. This indicates that XTLT.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
| XTLT.TO | HPYM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 2.02% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.27% | 3.28% | +3.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.21% | 4.53% | +5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 5.61% | +8.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.17% | 5.61% | +8.56% |
XTLT.TO vs. HPYM.TO - Expense Ratio Comparison
XTLT.TO has a 0.18% expense ratio, which is lower than HPYM.TO's 0.45% expense ratio.
Dividends
XTLT.TO vs. HPYM.TO - Dividend Comparison
XTLT.TO's dividend yield for the trailing twelve months is around 4.97%, 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% |
XTLT.TO iShares 20+ Year U.S. Treasury Bond Index ETF | 4.97% | 4.60% | 4.17% | 2.85% |
Frequently Asked Questions
XTLT.TO and HPYM.TO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTLT.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTLT.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 XTLT.TO and 0.45% for HPYM.TO.
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