AMHE.TO vs. AMZN

Last updated Jun 3, 2026

AMHE.TO (Harvest Amazon Enhanced High Income Shares ETF - Class A Units) is Leveraged Equities fund actively managed by Harvest, while AMZN (Amazon.com, Inc) is a stock. Over the past year, AMHE.TO returned 29.62% vs 25.29% for AMZN. With a 0.96 correlation, they move nearly in lockstep.

Performance

AMHE.TO vs. AMZN - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Amazon Enhanced High Income Shares ETF - Class A Units (AMHE.TO) and Amazon.com, Inc (AMZN). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AMHE.TO is traded in CAD, while AMZN is traded in USD. To make them comparable, the AMZN values have been converted to CAD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with AMHE.TO having a 11.52% return and AMZN slightly higher at 12.09%.

AMHE.TO

• 1D: -2.23%
• 1M: -2.18%
• YTD: 11.52%
• 6M: 8.56%
• 1Y: 29.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMZN

• 1D: -1.82%
• 1M: -2.59%
• YTD: 12.09%
• 6M: 8.44%
• 1Y: 25.29%
• 3Y*: 28.64%
• 5Y*: 12.98%
• 10Y*: 22.43%

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

AMHE.TO vs. AMZN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMHE.TO Harvest Amazon Enhanced High Income Shares ETF - Class A Units	11.52%	2.43%	33.94%
AMZN Amazon.com, Inc	12.09%	0.38%	31.57%

Correlation

The correlation between AMHE.TO and AMZN is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since Aug 23, 2024	0.96

The correlation between AMHE.TO and AMZN has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

AMHE.TO vs. AMZN — Risk / Return Rank

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

AMHE.TO

AMHE.TO Risk / Return Rank: 25
AMHE.TO Sharpe Ratio Rank: 25
AMHE.TO Sortino Ratio Rank: 26
AMHE.TO Omega Ratio Rank: 26
AMHE.TO Calmar Ratio Rank: 25
AMHE.TO Martin Ratio Rank: 24

AMZN

AMZN Risk / Return Rank: 63
AMZN Sharpe Ratio Rank: 66
AMZN Sortino Ratio Rank: 60
AMZN Omega Ratio Rank: 59
AMZN Calmar Ratio Rank: 63
AMZN Martin Ratio Rank: 65

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.

AMHE.TO vs. AMZN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Amazon Enhanced High Income Shares ETF - Class A Units (AMHE.TO) and Amazon.com, Inc (AMZN). 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.

	AMHE.TO	AMZN	Difference
Sharpe ratio Return per unit of total volatility	0.93	0.85	+0.09
Sortino ratio Return per unit of downside risk	1.44	1.33	+0.11
Omega ratio Gain probability vs. loss probability	1.18	1.17	+0.01
Calmar ratio Return relative to maximum drawdown	1.22	1.08	+0.14
Martin ratio Return relative to average drawdown	3.16	2.62	+0.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMHE.TO vs. AMZN - Sharpe Ratio Comparison

The current AMHE.TO Sharpe Ratio is 0.93, which is comparable to the AMZN Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of AMHE.TO and AMZN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMHE.TO	AMZN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	0.85	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.38	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.91	-0.15

Drawdowns

AMHE.TO vs. AMZN - Drawdown Comparison

The maximum AMHE.TO drawdown since its inception was -36.83%, smaller than the maximum AMZN drawdown of -52.40%. Use the drawdown chart below to compare losses from any high point for AMHE.TO and AMZN.

Drawdown Indicators

	AMHE.TO	AMZN	Difference
Max Drawdown Largest peak-to-trough decline	-36.83%	-52.40%	+15.57%
Max Drawdown (1Y) Largest decline over 1 year	-25.14%	-24.20%	-0.94%
Max Drawdown (3Y) Largest decline over 3 years	—	-33.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-52.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-52.40%	—
Current Drawdown Current decline from peak	-7.13%	-5.99%	-1.14%
Average Drawdown Average peak-to-trough decline	-10.66%	-11.01%	+0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.68%	9.95%	-0.27%

Volatility

AMHE.TO vs. AMZN - Volatility Comparison

Harvest Amazon Enhanced High Income Shares ETF - Class A Units (AMHE.TO) has a higher volatility of 9.26% compared to Amazon.com, Inc (AMZN) at 6.97%. This indicates that AMHE.TO's price experiences larger fluctuations and is considered to be riskier than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMHE.TO	AMZN	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.26%	6.97%	+2.29%
Volatility (6M) Calculated over the trailing 6-month period	22.12%	19.96%	+2.16%
Volatility (1Y) Calculated over the trailing 1-year period	31.86%	29.92%	+1.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.90%	34.39%	+1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.90%	31.53%	+4.37%

Dividends

AMHE.TO vs. AMZN - Dividend Comparison

AMHE.TO's dividend yield for the trailing twelve months is around 13.96%, while AMZN has not paid dividends to shareholders.

Position	TTM	2025	2024
AMHE.TO Harvest Amazon Enhanced High Income Shares ETF - Class A Units	13.96%	14.31%	4.24%
AMZN Amazon.com, Inc	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMHE.TO and AMZN in my portfolio?

With a correlation of 0.95, AMHE.TO and AMZN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.