PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 25, 2026

Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) is an actively managed Canadian ETF-of-ETFs that provides diversified global large-cap income exposure using covered-call strategies and approximately 1.25x modest leverage to enhance monthly cash distributions.

Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HDIF.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to HDIF.TO

HDIF.TO charges 2.47% annually. There are 109 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.21%.

SymbolNameExpense RatioAUMInception
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETF0.21%63.79MAug 2024HDIF.TO vs QQCI.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025HDIF.TO vs ECHI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%169.56MNov 2025HDIF.TO vs EQLI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024HDIF.TO vs JEPQ.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%225.10MSep 2024HDIF.TO vs HBIL.TO

Best Risk-Adjusted Alternatives to HDIF.TO

HDIF.TO has a PortfoliosLab risk / return rank of 71. There are 40 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 98.

SymbolNameRisk / Return RankAUMInception
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
98
186.23MJun 2022HDIF.TO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
98
—Feb 2022HDIF.TO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
98
1.31BFeb 2022HDIF.TO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
97
4.90BJan 2011HDIF.TO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
201.68MJul 2023HDIF.TO vs BKCL.TO

Top Performing HDIF.TO Alternatives (YTD)

HDIF.TO is at 11.41% YTD. There are 55 ETFs in the Derivative Income category with higher YTD returns, going as high as 43.96%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
43.96%
—Feb 2022HDIF.TO vs CBNK.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
41.62%
286.03MOct 2023HDIF.TO vs ENCL.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETF
38.89%
—Aug 2025HDIF.TO vs CNQE.TO
HPF.TO
Harvest Energy Leaders Income ETF Class A CAD Hedg...
37.34%
67.16MOct 2014HDIF.TO vs HPF.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...
32.99%
754.66MApr 2011HDIF.TO vs ENCC.TO

Lowest Volatility Alternatives to HDIF.TO

HDIF.TO has 13.17% 1-year volatility. There are 47 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.77%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.77%225.10MSep 2024HDIF.TO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...1.92%160.53MSep 2024HDIF.TO vs HBIL-U.TO
PYF.TO
Purpose Premium Yield Fund Series ETF3.28%684.20MNov 2018HDIF.TO vs PYF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.72%258.82MJan 2024HDIF.TO vs HPYM.TO
PINC.TO
Purpose Multi-Asset Income Fund6.35%109.90MApr 2018HDIF.TO vs PINC.TO

Lowest Drawdown Alternatives to HDIF.TO

HDIF.TO has a 1-year max drawdown of -8.79%. There are 48 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.95%.

SymbolNameMax Drawdown 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...
-0.95%
225.10MSep 2024HDIF.TO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...
-1.13%
160.53MSep 2024HDIF.TO vs HBIL-U.TO
PYF.TO
Purpose Premium Yield Fund Series ETF
-2.11%
684.20MNov 2018HDIF.TO vs PYF.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
186.23MJun 2022HDIF.TO vs HLIF.TO
PINC.TO
Purpose Multi-Asset Income Fund
-3.59%
109.90MApr 2018HDIF.TO vs PINC.TO

Other ETFs from Harvest

The 10 most viewed Harvest ETFs shown here include HHIS.TO, MSTE.TO, HHIC.TO and span 5 categories. AUM among these funds goes as high as $2B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
20
2.42%
1.81BJan 2025HDIF.TO vs HHIS.TO
MSTE.TO
Harvest Strategy Inc. Enhanced High Income Shares ...Derivative Income
1
-44.46%
300.57MMar 2025HDIF.TO vs MSTE.TO
HHIC.TO
Harvest Canadian High Income Shares ETFCanada Equities, Derivative Income—
11.71%
222.87MAug 2025HDIF.TO vs HHIC.TO
HTAE.TO
Harvest Tech Achievers Enhanced Income ETF - Class...Technology Equities
42
19.68%
105.25MOct 2022HDIF.TO vs HTAE.TO
TSLY.TO
Harvest Tesla Enhanced High Income Shares ETFDerivative Income
17
-29.96%
259.07MJan 2025HDIF.TO vs TSLY.TO
PLTE.TO
Harvest Palantir Enhanced High Income Shares ETFDerivative Income———Jan 2025HDIF.TO vs PLTE.TO
HHL.TO
Harvest Healthcare Leaders Income ETFHealth & Biotech Equities
27
-1.55%
1.98BMar 2020HDIF.TO vs HHL.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
59
13.42%
106.95MOct 2022HDIF.TO vs HUTE.TO
HTA.TO
Harvest Tech Achievers Growth & Income ETFTechnology Equities
43
16.55%
908.01MMar 2020HDIF.TO vs HTA.TO
NVHE.TO
Harvest NVIDIA Enhanced High Income Shares ETFDerivative Income
39
18.11%
254.93MAug 2024HDIF.TO vs NVHE.TO

Often Compared With HDIF.TO

Investors most often compare HDIF.TO with HDIV.TO, HYLD.TO, XEQT.TO. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
95
19.14%
1.76BJul 2021HDIF.TO vs HDIV.TO
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
69
11.53%
1.30BFeb 2022HDIF.TO vs HYLD.TO
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
85
12.80%
20.38BAug 2019HDIF.TO vs XEQT.TO
MQQQ
Tradr 2X Long Triple Q Monthly ETFLeveraged Equities
36
15.18%
212.09MAug 2024HDIF.TO vs MQQQ
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
99
29.32%
8.59BNov 2012HDIF.TO vs VDY.TO
ZMMK.TO
BMO Money Market Fund ETF SeriesMoney Market
99
1.29%
5.76BNov 2021HDIF.TO vs ZMMK.TO
VOO
Vanguard S&P 500 ETFS&P 500
61
8.95%
1.70TSep 2010HDIF.TO vs VOO
EIT-UN.TO
Canoe EIT Income FundDiversified Portfolio
94
17.34%
—Aug 1997HDIF.TO vs EIT-UN.TO
FBAL.NEO
Fidelity All-in-One Balanced ETFDiversified Portfolio
78
7.93%
9.45BJan 2021HDIF.TO vs FBAL.NEO
FRU.TO
Freehold Royalties Ltd.
88
15.23%
——HDIF.TO vs FRU.TO
BMAX.TO
Brompton Enhanced Multi-Asset Income ETFDiversified Portfolio, Derivative Income, Actively Managed
64
9.61%
65.40MOct 2022HDIF.TO vs BMAX.TO
ZDI.TO
BMO International Dividend ETFForeign Large Cap Equities, Dividend
61
15.45%
880.47MNov 2014HDIF.TO vs ZDI.TO
HHLE.TO
Harvest Healthcare Leaders Enhanced Income ETF - C...Health & Biotech Equities
25
-2.69%
110.77MOct 2022HDIF.TO vs HHLE.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...Derivative Income
84
14.43%
449.10MSep 2024HDIF.TO vs UTES.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...Quality Factor, Dividend, Large Cap Value Equities
98
28.31%
5.84BJun 2017HDIF.TO vs XDIV.TO
AMHE.TO
Harvest Amazon Enhanced High Income Shares ETF - C...Leveraged Equities
15
2.06%
—Aug 2024HDIF.TO vs AMHE.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
14
-2.48%
358.35MMay 2024HDIF.TO vs HPYT.TO
CNYE.TO
Harvest Coinbase Enhanced High Income Shares ETFDerivative Income
2
-30.56%
—Mar 2025HDIF.TO vs CNYE.TO
TBIL.TO
Harvest Canadian T-Bill ETFMoney Market———Jan 2024HDIF.TO vs TBIL.TO
HUTL.TO
Harvest Equal Weight Global Utilities Income ETFUtilities Equities
60
11.39%
555.27MJan 2019HDIF.TO vs HUTL.TO

Compare HDIF.TO with Any Fund or Stock

Compare HDIF.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair HDIF.TO with funds that move differently

Harvest Diversified Monthly Income ETF - Class A Units alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HDIF.TO.

Explore HDIF.TO Diversifiers