XUSC.TO vs. HPYB.TO

Last updated Jun 25, 2026

XUSC.TO (iShares S&P 500 3% Capped Index ETF (CAD Units)) and HPYB.TO (Harvest Premium Yield Canadian Bank ETF) are both Large Cap Blend Equities funds. XUSC.TO is passively managed, while HPYB.TO is actively managed. A 0.50 correlation means they provide meaningful diversification when combined.

Performance

XUSC.TO vs. HPYB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.TO) and Harvest Premium Yield Canadian Bank ETF (HPYB.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XUSC.TO

• 1D: 0.23%
• 1M: 2.43%
• YTD: 13.63%
• 6M: 12.62%
• 1Y: 26.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HPYB.TO

• 1D: -0.27%
• 1M: 3.45%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XUSC.TO vs. HPYB.TO - Yearly Performance Comparison

	2026 (YTD)
XUSC.TO iShares S&P 500 3% Capped Index ETF (CAD Units)	12.70%
HPYB.TO Harvest Premium Yield Canadian Bank ETF	15.16%

Correlation

The correlation between XUSC.TO and HPYB.TO is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 21, 2026	0.50

Return for Risk

XUSC.TO vs. HPYB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XUSC.TO

XUSC.TO Risk / Return Rank: 79
XUSC.TO Sharpe Ratio Rank: 80
XUSC.TO Sortino Ratio Rank: 81
XUSC.TO Omega Ratio Rank: 79
XUSC.TO Calmar Ratio Rank: 77
XUSC.TO Martin Ratio Rank: 76

HPYB.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XUSC.TO vs. HPYB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.TO) and Harvest Premium Yield Canadian Bank ETF (HPYB.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.

	XUSC.TO	HPYB.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.23	—	—
Sortino ratio: Return per unit of downside risk	3.12	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	3.47	—	—
Martin ratio: Return relative to average drawdown	12.60	—	—

Drawdowns

XUSC.TO vs. HPYB.TO - Drawdown Comparison

The maximum XUSC.TO drawdown since its inception was -18.31%, which is greater than HPYB.TO's maximum drawdown of -6.37%. Use the drawdown chart below to compare losses from any high point for XUSC.TO and HPYB.TO.

Drawdown Indicators

	XUSC.TO	HPYB.TO	Difference
Max Drawdown Largest peak-to-trough decline	-18.31%	-6.37%	-11.94%
Max Drawdown (1Y) Largest decline over 1 year	-7.60%	—	—
Current Drawdown Current decline from peak	-0.95%	-0.27%	-0.68%
Average Drawdown Average peak-to-trough decline	-2.64%	-1.20%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	—	—

Volatility

Volatility by Period

	XUSC.TO	HPYB.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.89%	12.07%	-0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.73%	12.07%	+3.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.73%	12.07%	+3.66%

Dividends

XUSC.TO vs. HPYB.TO - Dividend Comparison

XUSC.TO's dividend yield for the trailing twelve months is around 0.83%, less than HPYB.TO's 5.37% yield.

Position	TTM	2025	2024
HPYB.TO Harvest Premium Yield Canadian Bank ETF	5.37%	0.00%	0.00%
XUSC.TO iShares S&P 500 3% Capped Index ETF (CAD Units)	0.83%	0.94%	0.24%

Frequently Asked Questions

Can I hold both XUSC.TO and HPYB.TO in my portfolio?

XUSC.TO and HPYB.TO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between XUSC.TO and HPYB.TO?

They also come from different issuers: iShares and Harvest.