AMHE.TO vs. AMZN
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 25.49% vs 25.80% for AMZN. With a 0.96 correlation, they move nearly in lockstep.
Performance
AMHE.TO vs. AMZN - Performance Comparison
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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
In the year-to-date period, AMHE.TO achieves a 7.71% return, which is significantly lower than AMZN's 12.09% return.
AMHE.TO
- 1D
- -3.42%
- 1M
- -7.09%
- YTD
- 7.71%
- 6M
- 5.98%
- 1Y
- 25.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMZN
- 1D
- 0.00%
- 1M
- -4.22%
- YTD
- 12.09%
- 6M
- 9.52%
- 1Y
- 25.80%
- 3Y*
- 28.64%
- 5Y*
- 12.91%
- 10Y*
- 22.43%
AMHE.TO vs. AMZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AMHE.TO Harvest Amazon Enhanced High Income Shares ETF - Class A Units | 7.71% | 2.43% | 33.94% |
AMZN Amazon.com, Inc | 9.70% | 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.
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Return for Risk
AMHE.TO vs. AMZN — Risk / Return Rank
AMHE.TO
AMZN
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 ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.17 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.07 | -0.05 |
| Martin ratioReturn relative to average drawdown | 2.63 | 2.60 | +0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMHE.TO | AMZN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.87 | -0.07 |
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 | 0.69 | 0.90 | -0.22 |
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.
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Drawdown Indicators
| AMHE.TO | AMZN | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -10.31% | -5.99% | -4.32% |
Average DrawdownAverage peak-to-trough decline | -10.66% | -11.00% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.70% | 9.96% | -0.26% |
Volatility
AMHE.TO vs. AMZN - Volatility Comparison
Harvest Amazon Enhanced High Income Shares ETF - Class A Units (AMHE.TO) has a higher volatility of 9.65% compared to Amazon.com, Inc (AMZN) at 6.70%. 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.
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Volatility by Period
| AMHE.TO | AMZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.65% | 6.70% | +2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 22.39% | 19.96% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.05% | 29.92% | +2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.96% | 34.39% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.96% | 31.53% | +4.43% |
Dividends
AMHE.TO vs. AMZN - Dividend Comparison
AMHE.TO's dividend yield for the trailing twelve months is around 14.45%, while AMZN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AMHE.TO Harvest Amazon Enhanced High Income Shares ETF - Class A Units | 14.45% | 14.31% | 4.24% |
AMZN Amazon.com, Inc | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
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.
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