AMHE.TO vs. TQQQ.TO

Last updated Jun 3, 2026

AMHE.TO (Harvest Amazon Enhanced High Income Shares ETF - Class A Units) and TQQQ.TO (BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF) are both exchange-traded funds - AMHE.TO is a Leveraged Equities fund actively managed by Harvest, while TQQQ.TO is a Nasdaq-100 fund tracking the Nasdaq-100 Index. AMHE.TO is actively managed, while TQQQ.TO is passively managed. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

AMHE.TO vs. TQQQ.TO - 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 BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMHE.TO achieves a 11.52% return, which is significantly lower than TQQQ.TO's 62.71% return.

AMHE.TO

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

TQQQ.TO

• 1D: 1.46%
• 1M: 33.30%
• YTD: 62.71%
• 6M: 54.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMHE.TO vs. TQQQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025
AMHE.TO Harvest Amazon Enhanced High Income Shares ETF - Class A Units	11.52%	11.85%
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF	62.71%	41.06%

Correlation

The correlation between AMHE.TO and TQQQ.TO is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.60

Return for Risk

AMHE.TO vs. TQQQ.TO — 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

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. TQQQ.TO - 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 BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO). 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	TQQQ.TO	Difference
Sharpe ratio Return per unit of total volatility	0.93	—	—
Sortino ratio Return per unit of downside risk	1.44	—	—
Omega ratio Gain probability vs. loss probability	1.18	—	—
Calmar ratio Return relative to maximum drawdown	1.22	—	—
Martin ratio Return relative to average drawdown	3.16	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AMHE.TO	TQQQ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	2.92	-2.16

Drawdowns

AMHE.TO vs. TQQQ.TO - Drawdown Comparison

The maximum AMHE.TO drawdown since its inception was -36.83%, roughly equal to the maximum TQQQ.TO drawdown of -38.15%. Use the drawdown chart below to compare losses from any high point for AMHE.TO and TQQQ.TO.

Drawdown Indicators

	AMHE.TO	TQQQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-36.83%	-38.15%	+1.32%
Max Drawdown (1Y) Largest decline over 1 year	-25.14%	—	—
Current Drawdown Current decline from peak	-7.13%	0.00%	-7.13%
Average Drawdown Average peak-to-trough decline	-10.66%	-8.49%	-2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.68%	—	—

Volatility

Volatility by Period

	AMHE.TO	TQQQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.86%	47.83%	-15.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.90%	47.83%	-11.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.90%	47.83%	-11.93%

Dividends

AMHE.TO vs. TQQQ.TO - Dividend Comparison

AMHE.TO's dividend yield for the trailing twelve months is around 13.96%, while TQQQ.TO 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%
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

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

AMHE.TO and TQQQ.TO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between AMHE.TO and TQQQ.TO?

AMHE.TO is categorized as Leveraged Equities, while TQQQ.TO is Nasdaq-100. They also come from different issuers: Harvest and Global X.