XTR.TO vs. HBIE.TO
XTR.TO (iShares Diversified Monthly Income ETF) and HBIE.TO (Harvest Balanced Income & Growth Enhanced ETF) are both Diversified Portfolio funds. XTR.TO is passively managed, while HBIE.TO is actively managed. Over the past year, XTR.TO returned 10.66% vs 14.65% for HBIE.TO. At a 0.48 correlation, their price movements are largely independent.
Performance
XTR.TO vs. HBIE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XTR.TO achieves a 8.81% return, which is significantly higher than HBIE.TO's 6.74% return.
XTR.TO
- 1D
- -0.16%
- 1M
- 1.54%
- 6M
- 6.98%
- YTD
- 8.81%
- 1Y
- 10.66%
- 3Y*
- 10.62%
- 5Y*
- 5.74%
- 10Y*
- 5.63%
HBIE.TO
- 1D
- 0.00%
- 1M
- -0.20%
- 6M
- 5.76%
- YTD
- 6.74%
- 1Y
- 14.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTR.TO vs. HBIE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XTR.TO iShares Diversified Monthly Income ETF | 8.81% | 5.18% | 11.03% |
HBIE.TO Harvest Balanced Income & Growth Enhanced ETF | 6.74% | 10.30% | 6.94% |
Correlation
The correlation between XTR.TO and HBIE.TO is 0.52, 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 | 0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2024 | 0.48 |
The correlation between XTR.TO and HBIE.TO has been stable across timeframes, ranging from 0.48 to 0.52 - a consistent structural relationship.
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Return for Risk
XTR.TO vs. HBIE.TO — Risk / Return Rank
XTR.TO
HBIE.TO
XTR.TO vs. HBIE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Monthly Income ETF (XTR.TO) and Harvest Balanced Income & Growth Enhanced ETF (HBIE.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.
| XTR.TO | HBIE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.31 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.81 | -0.02 |
| Martin ratioReturn relative to average drawdown | 9.17 | 11.90 | -2.73 |
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Drawdowns
XTR.TO vs. HBIE.TO - Drawdown Comparison
The maximum XTR.TO drawdown since its inception was -51.43%, which is greater than HBIE.TO's maximum drawdown of -10.29%. Use the drawdown chart below to compare losses from any high point for XTR.TO and HBIE.TO.
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Drawdown Indicators
| XTR.TO | HBIE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.43% | -10.29% | -41.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -5.24% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -6.06% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.78% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.92% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -1.27% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -1.75% | -3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.23% | -0.06% |
Volatility
XTR.TO vs. HBIE.TO - Volatility Comparison
The current volatility for iShares Diversified Monthly Income ETF (XTR.TO) is 1.17%, while Harvest Balanced Income & Growth Enhanced ETF (HBIE.TO) has a volatility of 2.60%. This indicates that XTR.TO experiences smaller price fluctuations and is considered to be less risky than HBIE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTR.TO | HBIE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 2.60% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 3.87% | 7.51% | -3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.69% | 8.84% | -3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.45% | 9.65% | -3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.38% | 9.65% | -1.27% |
Dividends
XTR.TO vs. HBIE.TO - Dividend Comparison
XTR.TO's dividend yield for the trailing twelve months is around 3.90%, less than HBIE.TO's 9.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBIE.TO Harvest Balanced Income & Growth Enhanced ETF | 9.98% | 10.12% | 7.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XTR.TO iShares Diversified Monthly Income ETF | 3.90% | 4.22% | 4.27% | 4.61% | 4.62% | 4.21% | 5.56% | 5.38% | 5.75% | 5.24% | 5.30% | 6.81% |
Frequently Asked Questions
XTR.TO and HBIE.TO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: iShares and Harvest.
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