CNQE.TO vs. ECHI.TO

Last updated Apr 14, 2026

CNQE.TO (Harvest CNQ Enhanced High Income Shares ETF) and ECHI.TO (Ninepoint Enhanced Canadian HighShares ETF) are both Derivative Income funds. Both are actively managed. At 0.07, their price movements are largely independent. CNQE.TO charges 0.40%/yr vs 0.29%/yr for ECHI.TO.

Performance

CNQE.TO vs. ECHI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest CNQ Enhanced High Income Shares ETF (CNQE.TO) and Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNQE.TO achieves a 38.03% return, which is significantly higher than ECHI.TO's 11.64% return.

CNQE.TO

• 1D: 2.32%
• 1M: -2.57%
• YTD: 38.03%
• 6M: 46.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ECHI.TO

• 1D: 0.25%
• 1M: 3.39%
• YTD: 11.64%
• 6M: 24.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CNQE.TO vs. ECHI.TO - Yearly Performance Comparison

	2026 (YTD)	2025
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	38.03%	9.92%
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	11.64%	20.01%

Correlation

The correlation between CNQE.TO and ECHI.TO is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 25, 2025	0.07

Return for Risk

CNQE.TO vs. ECHI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest CNQ Enhanced High Income Shares ETF (CNQE.TO) and Ninepoint Enhanced Canadian HighShares ETF (ECHI.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CNQE.TO	ECHI.TO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.39	3.26	+0.13

Drawdowns

CNQE.TO vs. ECHI.TO - Drawdown Comparison

The maximum CNQE.TO drawdown since its inception was -12.39%, which is greater than ECHI.TO's maximum drawdown of -6.84%. Use the drawdown chart below to compare losses from any high point for CNQE.TO and ECHI.TO.

Drawdown Indicators

	CNQE.TO	ECHI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-12.39%	-6.84%	-5.55%
Current Drawdown Current decline from peak	-6.97%	-0.43%	-6.54%
Average Drawdown Average peak-to-trough decline	-2.63%	-1.38%	-1.25%

Volatility

Volatility by Period

	CNQE.TO	ECHI.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	31.20%	18.17%	+13.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.20%	18.17%	+13.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.20%	18.17%	+13.03%

CNQE.TO vs. ECHI.TO - Expense Ratio Comparison

CNQE.TO has a 0.40% expense ratio, which is higher than ECHI.TO's 0.29% expense ratio.

Dividends

CNQE.TO vs. ECHI.TO - Dividend Comparison

CNQE.TO's dividend yield for the trailing twelve months is around 6.52%, less than ECHI.TO's 8.58% yield.

	TTM	2025
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	6.52%	4.42%
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	8.58%	5.27%