PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Harvest Low Volatility Canadian Equity Income ETF Class A (HVOI.TO) Alternatives

ETF · Currency in CAD · Last updated Aug 5, 2026

The Harvest Low Volatility Canadian Equity Income ETF aims to generate high monthly cash distributions and lower overall portfolio volatility by investing in a diversified portfolio of Canadian mid and large-cap equities, employing an active covered call writing strategy to enhance income.

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

Cheapest Alternatives to HVOI.TO

HVOI.TO charges 0.89% annually. There are 90 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 2024HVOI.TO vs QQCI.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025HVOI.TO vs ECHI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%169.56MNov 2025HVOI.TO vs EQLI.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024HVOI.TO vs JEPI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024HVOI.TO vs JEPQ.TO

Best Risk-Adjusted Alternatives to HVOI.TO

HVOI.TO has a PortfoliosLab risk / return rank of 84. There are 29 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
195.83MJun 2022HVOI.TO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
98
—Feb 2022HVOI.TO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
98
1.33BFeb 2022HVOI.TO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
97
4.77BJan 2011HVOI.TO vs ZWB.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...
97
405.23MMay 2011HVOI.TO vs BKCC.TO

Top Performing HVOI.TO Alternatives (YTD)

HVOI.TO is at 11.03% YTD. There are 69 ETFs in the Derivative Income category with higher YTD returns, going as high as 44.89%.

SymbolNameYTD ReturnAUMInception
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
44.89%
—Feb 2025HVOI.TO vs YAVG.NEO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
44.76%
—Feb 2022HVOI.TO vs CBNK.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETF
37.43%
—Aug 2025HVOI.TO vs CNQE.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
36.74%
295.63MOct 2023HVOI.TO vs ENCL.TO
HPF.TO
Harvest Energy Leaders Income ETF – Class A Units
34.39%
69.39MOct 2014HVOI.TO vs HPF.TO

Lowest Volatility Alternatives to HVOI.TO

HVOI.TO has 8.81% 1-year volatility. There are 16 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.78%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.78%214.20MSep 2024HVOI.TO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...1.98%152.80MSep 2024HVOI.TO vs HBIL-U.TO
PYF.TO
Purpose Premium Yield Fund Series ETF3.28%682.20MNov 2018HVOI.TO vs PYF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.65%249.28MJan 2024HVOI.TO vs HPYM.TO
PINC.TO
Purpose Multi-Asset Income Fund6.34%108.20MApr 2018HVOI.TO vs PINC.TO

Lowest Drawdown Alternatives to HVOI.TO

HVOI.TO has a 1-year max drawdown of -6.72%. There are 24 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%
214.20MSep 2024HVOI.TO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...
-1.32%
152.80MSep 2024HVOI.TO vs HBIL-U.TO
PYF.TO
Purpose Premium Yield Fund Series ETF
-2.11%
682.20MNov 2018HVOI.TO vs PYF.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
195.83MJun 2022HVOI.TO vs HLIF.TO
PINC.TO
Purpose Multi-Asset Income Fund
-3.59%
108.20MApr 2018HVOI.TO vs PINC.TO

Other ETFs from Harvest

The 10 most viewed Harvest ETFs shown here include HHIS.TO, MSTE.TO, HDIF.TO and span 7 categories. AUM among these funds goes as high as $2B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
25
8.57%
1.82BJan 2025HVOI.TO vs HHIS.TO
MSTE.TO
Harvest Strategy Inc. Enhanced High Income Shares ...Derivative Income
1
-40.13%
295.90MMar 2025HVOI.TO vs MSTE.TO
HDIF.TO
Harvest Diversified Monthly Income ETF - Class A U...Derivative Income
85
16.20%
554.44MFeb 2022HVOI.TO vs HDIF.TO
HHIC.TO
Harvest Canadian High Income Shares ETFCanada Equities, Derivative Income—
11.62%
224.53MAug 2025HVOI.TO vs HHIC.TO
HTAE.TO
Harvest Tech Leaders Enhanced Income ETF - Class A...Technology Equities, Covered Call, Leveraged Equities
56
31.10%
108.65MOct 2022HVOI.TO vs HTAE.TO
TSLY.TO
Harvest Tesla Enhanced High Income Shares ETFDerivative Income
17
-26.47%
218.28MJan 2025HVOI.TO vs TSLY.TO
PLTE.TO
Harvest Palantir Enhanced High Income Shares ETFDerivative Income———Jan 2025HVOI.TO vs PLTE.TO
HHL.TO
Harvest Healthcare Leaders Income ETFHealth & Biotech Equities
33
-0.46%
2.00BMar 2020HVOI.TO vs HHL.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
47
11.73%
104.38MOct 2022HVOI.TO vs HUTE.TO
HTA.TO
Harvest Tech Achievers Growth & Income ETFTechnology Equities
57
25.57%
916.32MMar 2020HVOI.TO vs HTA.TO

Often Compared With HVOI.TO

Investors most often compare HVOI.TO with FCCV.TO, TQCD.TO, CANY.TO. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
FCCV.TO
Fidelity Canadian Value ETFCanada Equities
95
19.24%
1.27BJun 2020HVOI.TO vs FCCV.TO
TQCD.TO
TD Q Canadian Dividend ETFCanada Equities
96
19.89%
3.46BNov 2019HVOI.TO vs TQCD.TO
CANY.TO
Evolve Canadian Equity UltraYield ETFDerivative Income, Canada Equities—
15.18%
—Sep 2025HVOI.TO vs CANY.TO
VCE.TO
Vanguard FTSE Canada Index ETFCanada Equities
90
14.47%
3.54BNov 2011HVOI.TO vs VCE.TO
XDV.TO
iShares Canadian Select Dividend Index ETFCanada Equities
98
25.84%
2.67BDec 2005HVOI.TO vs XDV.TO
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETFCanada Equities
91
14.37%
31.79BFeb 2001HVOI.TO vs XIC.TO
XCS.TO
iShares S&P/TSX SmallCap Index ETFCanada Equities
64
17.27%
237.21MMay 2007HVOI.TO vs XCS.TO
FIE.TO
iShares Canadian Financial Monthly Income ETFFinancials Equities, Canada Equities
94
18.25%
1.43BApr 2010HVOI.TO vs FIE.TO
FCCM.NEO
Fidelity Canadian Momentum ETFMomentum, Canada Equities
88
11.97%
—Jun 2020HVOI.TO vs FCCM.NEO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETFCanada Equities
98
27.19%
4.38BApr 2011HVOI.TO vs XEI.TO
HXH.TO
Global X Canadian High Dividend Index Corporate Cl...Canada Equities
98
24.25%
263.64MApr 2016HVOI.TO vs HXH.TO
ZDV.TO
BMO Canadian Dividend ETFCanada Equities
98
23.19%
1.91BOct 2011HVOI.TO vs ZDV.TO
DMEC.TO
Desjardins Canadian Equity Index ETFCanada Equities
91
14.14%
—Apr 2024HVOI.TO vs DMEC.TO
CLSA.TO
Brompton Split Corp. Enhanced Equity Income ETFDividend, Canada Equities
98
40.88%
—Mar 2025HVOI.TO vs CLSA.TO
HBIX.NEO
Harvest Bitcoin Enhanced Income ETFLeveraged Cryptocurrency
3
-28.48%
—Apr 2025HVOI.TO vs HBIX.NEO
FCCQ.TO
Fidelity Canadian High Quality ETFQuality Factor, Canada Equities
80
9.93%
1.05BJan 2019HVOI.TO vs FCCQ.TO
XCG.TO
iShares Canadian Growth Index ETFCanada Equities
8
-5.41%
142.12MNov 2006HVOI.TO vs XCG.TO
FXM.TO
CI Morningstar Canada Value Index ETFCanada Equities
96
18.17%
495.59MFeb 2012HVOI.TO vs FXM.TO
HEWB.TO
Global X Equal Weight Canadian Banks Index Corpora...Canada Equities, Equal Weight
98
32.64%
349.57MJan 2019HVOI.TO vs HEWB.TO
NVHE.TO
Harvest NVIDIA Enhanced High Income Shares ETFDerivative Income
36
21.51%
257.94MAug 2024HVOI.TO vs NVHE.TO

Compare HVOI.TO with Any Fund or Stock

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

 

Diversifiers

Pair HVOI.TO with funds that move differently

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

Explore HVOI.TO Diversifiers