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

ETF · Currency in CAD · Last updated Jun 28, 2026

Harvest Diversified Monthly Income ETF aims to provide a consistent monthly income stream with growth potential through a multi-sector portfolio of large global companies, utilizing an active covered call strategy on up to 33% of equity holdings to enhance monthly distribution yield.

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 80 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.04%.

SymbolNameExpense RatioAUMInception
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF0.04%246.61MJul 2023HDIF.TO vs USCL.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%155.19MNov 2025HDIF.TO vs EQLI.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025HDIF.TO vs ECHI.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%227.40MSep 2024HDIF.TO vs HBIL.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024HDIF.TO vs JEPQ.TO

Best Risk-Adjusted Alternatives to HDIF.TO

HDIF.TO has a PortfoliosLab risk / return rank of 69. There are 33 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
—Jun 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...
97
1.20BFeb 2022HDIF.TO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
97
4.68BJan 2011HDIF.TO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
200.19MJul 2023HDIF.TO vs BKCL.TO

Top Performing HDIF.TO Alternatives (YTD)

HDIF.TO is at 11.54% YTD. There are 44 ETFs in the Derivative Income category with higher YTD returns, going as high as 41.25%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
41.25%
—Feb 2022HDIF.TO vs CBNK.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
28.41%
271.96MOct 2023HDIF.TO vs ENCL.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
27.02%
1.20BFeb 2022HDIF.TO vs BANK.TO
EMCL.NEO
Global X Enhanced MSCI Emerging Markets Covered Ca...
26.88%
7.25MMay 2024HDIF.TO vs EMCL.NEO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
26.58%
200.19MJul 2023HDIF.TO vs BKCL.TO

Lowest Volatility Alternatives to HDIF.TO

HDIF.TO has 12.98% 1-year volatility. There are 35 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.62%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.62%227.40MSep 2024HDIF.TO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.67%230.93MJan 2024HDIF.TO vs HPYM.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF6.83%1.40BJun 2023HDIF.TO vs UMAX.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A6.99%—Jun 2022HDIF.TO vs HLIF.TO
ZWU.TO
BMO Covered Call Utilities ETF7.61%2.25BOct 2011HDIF.TO vs ZWU.TO

Lowest Drawdown Alternatives to HDIF.TO

HDIF.TO has a 1-year max drawdown of -8.79%. There are 34 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%
227.40MSep 2024HDIF.TO vs HBIL.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
—Jun 2022HDIF.TO vs HLIF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
230.93MJan 2024HDIF.TO vs HPYM.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.25BOct 2011HDIF.TO vs ZWU.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF
-5.11%
1.40BJun 2023HDIF.TO vs UMAX.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
16
1.18%
1.74BJan 2025HDIF.TO vs HHIS.TO
MSTE.TO
Harvest Strategy Inc. Enhanced High Income Shares ...Derivative Income
1
-50.86%
365.84MMar 2025HDIF.TO vs MSTE.TO
HHIC.TO
Harvest Canadian High Income Shares ETFCanada Equities, Derivative Income—
12.19%
203.19MAug 2025HDIF.TO vs HHIC.TO
HTAE.TO
Harvest Tech Achievers Enhanced Income ETF - Class...Technology Equities
44
23.87%
104.75MOct 2022HDIF.TO vs HTAE.TO
TSLY.TO
Harvest Tesla Enhanced High Income Shares ETFDerivative Income
21
-12.26%
265.04MJan 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
20
-2.24%
1.89BMar 2020HDIF.TO vs HHL.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
61
13.17%
101.38MOct 2022HDIF.TO vs HUTE.TO
HTA.TO
Harvest Tech Achievers Growth & Income ETFTechnology Equities
46
19.55%
922.00MMar 2020HDIF.TO vs HTA.TO
NVHE.TO
Harvest NVIDIA Enhanced High Income Shares ETFDerivative Income
32
7.88%
247.27MAug 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 11 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
94
17.67%
1.71BJul 2021HDIF.TO vs HDIV.TO
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
68
13.55%
1.29BFeb 2022HDIF.TO vs HYLD.TO
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
82
12.75%
19.45BAug 2019HDIF.TO vs XEQT.TO
MQQQ
Tradr 2X Long Triple Q Monthly ETFLeveraged Equities
45
25.05%
259.60MAug 2024HDIF.TO vs MQQQ
ZMMK.TO
BMO Money Market Fund ETF SeriesMoney Market
99
1.11%
5.76BNov 2021HDIF.TO vs ZMMK.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
98
24.31%
7.99BNov 2012HDIF.TO vs VDY.TO
VOO
Vanguard S&P 500 ETFS&P 500
55
7.53%
1.70TSep 2010HDIF.TO vs VOO
EIT-UN.TO
Canoe EIT Income FundDiversified Portfolio
82
13.12%
—Aug 1997HDIF.TO vs EIT-UN.TO
FRU.TO
Freehold Royalties Ltd.
87
9.93%
——HDIF.TO vs FRU.TO
FBAL.NEO
Fidelity All-in-One Balanced ETFDiversified Portfolio
76
9.05%
8.96BJan 2021HDIF.TO vs FBAL.NEO
BMAX.TO
Brompton Enhanced Multi-Asset Income ETFDiversified Portfolio
66
10.96%
65.40M—HDIF.TO vs BMAX.TO
ZDI.TO
BMO International Dividend ETFInternational Equity
50
12.58%
869.67MNov 2014HDIF.TO vs ZDI.TO
HHLE.TO
Harvest Healthcare Leaders Enhanced Income ETF - C...Health & Biotech Equities
19
-3.42%
105.36MOct 2022HDIF.TO vs HHLE.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...Derivative Income
89
14.78%
420.88MSep 2024HDIF.TO vs UTES.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...Dividend, Large Cap Value Equities
98
21.12%
5.57BJun 2017HDIF.TO vs XDIV.TO
AMHE.TO
Harvest Amazon Enhanced High Income Shares ETF - C...Leveraged Equities
14
1.43%
—Aug 2024HDIF.TO vs AMHE.TO
CNYE.TO
Harvest Coinbase Enhanced High Income Shares ETFDerivative Income
2
-35.66%
—Mar 2025HDIF.TO vs CNYE.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
14
1.34%
377.33MMay 2024HDIF.TO vs HPYT.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
55
20.71%
477.70MFeb 2024HDIF.TO vs EMAX.TO
TBIL.TO
Harvest Canadian T-Bill ETFMoney Market———Jan 2024HDIF.TO vs TBIL.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