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Harvest Canadian Equity Income Leaders ETF Class A (HLIF.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 14, 2026

The Harvest Canadian Equity Income Leaders ETF seeks to provide unitholders with monthly cash distributions, capital appreciation, and lower overall portfolio volatility by investing in 30 of the largest Canadian equities and writing covered call options on up to 33% of the portfolio securities.

Harvest Canadian Equity Income Leaders ETF Class A (HLIF.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 HLIF.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to HLIF.TO

HLIF.TO charges 0.79% annually. There are 63 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.29%.

SymbolNameExpense RatioAUMInception
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025HLIF.TO vs ECHI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%169.56MNov 2025HLIF.TO vs EQLI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024HLIF.TO vs JEPQ.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%224.00MSep 2024HLIF.TO vs HBIL.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024HLIF.TO vs JEPI.TO

Best Risk-Adjusted Alternatives to HLIF.TO

HLIF.TO has a PortfoliosLab risk / return rank of 98. No ETFs in the Derivative Income category have higher risk-adjusted ranks; the top alternatives shown here go as high as 98.

SymbolNameRisk / Return RankAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
98
—Feb 2022HLIF.TO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
98
1.26BFeb 2022HLIF.TO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
97
4.84BJan 2011HLIF.TO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
198.10MJul 2023HLIF.TO vs BKCL.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...
97
400.33MMay 2011HLIF.TO vs BKCC.TO

Top Performing HLIF.TO Alternatives (YTD)

HLIF.TO is at 19.13% YTD. There are 19 ETFs in the Derivative Income category with higher YTD returns, going as high as 45.98%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
45.98%
—Feb 2022HLIF.TO vs CBNK.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
35.30%
271.10MOct 2023HLIF.TO vs ENCL.TO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
30.97%
—Feb 2025HLIF.TO vs YAVG.NEO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
30.92%
1.26BFeb 2022HLIF.TO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
29.97%
198.10MJul 2023HLIF.TO vs BKCL.TO

Lowest Volatility Alternatives to HLIF.TO

HLIF.TO has 7.06% 1-year volatility. There are 3 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.76%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.76%224.00MSep 2024HLIF.TO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.74%259.21MJan 2024HLIF.TO vs HPYM.TO
ZPH.TO
BMO US Put Write Hedged to CAD ETF6.54%35.29MFeb 2017HLIF.TO vs ZPH.TO
ZPW.TO
BMO US Put Write ETF7.31%105.45MSep 2015HLIF.TO vs ZPW.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF7.36%1.41BJun 2023HLIF.TO vs UMAX.TO

Lowest Drawdown Alternatives to HLIF.TO

HLIF.TO has a 1-year max drawdown of -3.09%. There is 1 ETF in the Derivative Income category with a shallower 1-year drawdown, going as shallow as -0.95%.

SymbolNameMax Drawdown 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...
-0.95%
224.00MSep 2024HLIF.TO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
259.21MJan 2024HLIF.TO vs HPYM.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.21BOct 2011HLIF.TO vs ZWU.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF
-5.11%
1.41BJun 2023HLIF.TO vs UMAX.TO
DXQ.TO
Dynamic Active Enhanced Yield Covered Options ETF
-5.11%
—Sep 2022HLIF.TO vs DXQ.TO

Other ETFs from Harvest

The 10 most viewed Harvest ETFs shown here include HHIS.TO, MSTE.TO, HDIF.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
22
7.91%
1.87BJan 2025HLIF.TO vs HHIS.TO
MSTE.TO
Harvest Strategy Inc. Enhanced High Income Shares ...Derivative Income
1
-45.07%
297.99MMar 2025HLIF.TO vs MSTE.TO
HDIF.TO
Harvest Diversified Monthly Income ETF - Class A U...Derivative Income
72
13.08%
555.21MFeb 2022HLIF.TO vs HDIF.TO
HHIC.TO
Harvest Canadian High Income Shares ETFCanada Equities, Derivative Income—
11.63%
222.19MAug 2025HLIF.TO vs HHIC.TO
HTAE.TO
Harvest Tech Achievers Enhanced Income ETF - Class...Technology Equities
48
25.80%
112.85MOct 2022HLIF.TO vs HTAE.TO
TSLY.TO
Harvest Tesla Enhanced High Income Shares ETFDerivative Income
31
-7.68%
278.03MJan 2025HLIF.TO vs TSLY.TO
PLTE.TO
Harvest Palantir Enhanced High Income Shares ETFDerivative Income———Jan 2025HLIF.TO vs PLTE.TO
HHL.TO
Harvest Healthcare Leaders Income ETFHealth & Biotech Equities
21
-1.96%
1.97BMar 2020HLIF.TO vs HHL.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
62
13.03%
103.07MOct 2022HLIF.TO vs HUTE.TO
HTA.TO
Harvest Tech Achievers Growth & Income ETFTechnology Equities
49
21.12%
959.08MMar 2020HLIF.TO vs HTA.TO

Often Compared With HLIF.TO

Investors most often compare HLIF.TO with HYLD-U.TO, HDIV.TO, AMAX.TO. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HYLD-U.TO
Hamilton Enhanced U.S. Covered Call ETF (USD)Derivative Income
79
16.37%
931.81MFeb 2022HLIF.TO vs HYLD-U.TO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
95
19.24%
1.74BJul 2021HLIF.TO vs HDIV.TO
AMAX.TO
Hamilton Gold Producer YIELD MAXIMIZER ETFGold, Derivative Income, Precious Metals
25
-12.74%
468.60MFeb 2024HLIF.TO vs AMAX.TO
QMAX.TO
Hamilton Technology YIELD MAXIMIZER ETFTechnology Equities, Derivative Income
43
18.75%
991.10MOct 2023HLIF.TO vs QMAX.TO
CRCY.TO
Harvest Circle Enhanced High Income Shares ETF Cla...Derivative Income—
-31.06%
—Sep 2025HLIF.TO vs CRCY.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...Derivative Income
78
12.38%
431.22MSep 2024HLIF.TO vs UTES.TO
XYLP.L
Global X S&P 500 Covered Call UCITS ETFDerivative Income, S&P 500
77
7.12%
—Jul 2023HLIF.TO vs XYLP.L
YCST.NEO
Costco (COST) Yield Shares Purpose ETFDerivative Income
7
8.80%
—Feb 2025HLIF.TO vs YCST.NEO
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF C...Derivative Income
94
15.45%
—Mar 2025HLIF.TO vs GOGY.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
13
-1.72%
360.54MMay 2024HLIF.TO vs HPYT.TO
CANY.TO
Evolve Canadian Equity UltraYield ETFDerivative Income, Canada Equities—
13.97%
—Sep 2025HLIF.TO vs CANY.TO
YTSL.NEO
Tesla (TSLA) Yield Shares Purpose ETFDerivative Income
42
-11.29%
437.60MDec 2022HLIF.TO vs YTSL.NEO
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
74
14.77%
1.32BFeb 2022HLIF.TO vs HYLD.TO
NVHE.TO
Harvest NVIDIA Enhanced High Income Shares ETFDerivative Income
37
16.39%
268.36MAug 2024HLIF.TO vs NVHE.TO
ZWG.TO
BMO Global High Dividend Covered Call ETFDerivative Income
75
14.16%
323.65MJan 2020HLIF.TO vs ZWG.TO
LLHE.TO
Harvest Eli Lilly Enhanced High Income Shares ETF ...Derivative Income
51
17.18%
245.74MAug 2024HLIF.TO vs LLHE.TO
EBNK.TO
Evolve European Banks Enhanced Yield ETF Hedged CA...Financials Equities, Derivative Income
65
13.11%
147.56MJan 2022HLIF.TO vs EBNK.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETFDerivative Income—
28.99%
—Aug 2025HLIF.TO vs CNQE.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
89
28.07%
714.60MApr 2011HLIF.TO vs ENCC.TO
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETFDerivative Income, Technology Equities
92
9.38%
62.00MDec 2022HLIF.TO vs YGOG.NEO

Compare HLIF.TO with Any Fund or Stock

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

 

Diversifiers

Pair HLIF.TO with funds that move differently

Harvest Canadian Equity Income Leaders ETF Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HLIF.TO.

Explore HLIF.TO Diversifiers