CNQE.TO vs. EQLI.TO

Last updated Apr 14, 2026

CNQE.TO (Harvest CNQ Enhanced High Income Shares ETF) and EQLI.TO (Invesco S&P 500 Equal Weight Income Advantage ETF) are both exchange-traded funds — CNQE.TO is a Derivative Income fund actively managed by Harvest, while EQLI.TO is a S&P 500 fund tracking the S&P 500 Equal Weight Index. CNQE.TO is actively managed, while EQLI.TO is passively managed. At -0.00, they often move in opposite directions. CNQE.TO charges 0.40%/yr vs 0.29%/yr for EQLI.TO.

Performance

CNQE.TO vs. EQLI.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 Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.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 EQLI.TO's 4.02% return.

CNQE.TO

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

EQLI.TO

• 1D: 0.52%
• 1M: 2.91%
• YTD: 4.02%
• 6M: 5.82%
• 1Y: 21.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	38.03%	13.80%
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF	4.02%	3.34%

Correlation

The correlation between CNQE.TO and EQLI.TO is -0.00, 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 22, 2025	-0.00

Return for Risk

CNQE.TO vs. EQLI.TO — Risk / Return Rank

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

EQLI.TO

EQLI.TO Risk / Return Rank: 52
EQLI.TO Sharpe Ratio Rank: 48
EQLI.TO Sortino Ratio Rank: 52
EQLI.TO Omega Ratio Rank: 47
EQLI.TO Calmar Ratio Rank: 59
EQLI.TO Martin Ratio Rank: 56

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.

CNQE.TO vs. EQLI.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 Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.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	EQLI.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.39	0.89	+2.51

Drawdowns

CNQE.TO vs. EQLI.TO - Drawdown Comparison

The maximum CNQE.TO drawdown since its inception was -12.39%, smaller than the maximum EQLI.TO drawdown of -15.57%. Use the drawdown chart below to compare losses from any high point for CNQE.TO and EQLI.TO.

Drawdown Indicators

	CNQE.TO	EQLI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-12.39%	-15.57%	+3.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.45%	—
Current Drawdown Current decline from peak	-6.97%	-1.17%	-5.80%
Average Drawdown Average peak-to-trough decline	-2.63%	-2.63%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.59%	—

Volatility

Volatility by Period

	CNQE.TO	EQLI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.63%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	31.20%	10.67%	+20.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.20%	12.47%	+18.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.20%	12.47%	+18.73%

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

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

Dividends

CNQE.TO vs. EQLI.TO - Dividend Comparison

CNQE.TO's dividend yield for the trailing twelve months is around 6.52%, less than EQLI.TO's 8.50% yield.

	TTM	2025	2024
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	6.52%	4.42%	0.00%
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF	8.50%	8.74%	3.00%