CNQE.TO vs. HDIF.TO

Last updated Apr 14, 2026

CNQE.TO (Harvest CNQ Enhanced High Income Shares ETF) and HDIF.TO (Harvest Diversified Monthly Income ETF - Class A Units) are both Derivative Income funds from Harvest. Both are actively managed. At -0.09, they often move in opposite directions. CNQE.TO charges 0.40%/yr vs 2.47%/yr for HDIF.TO.

Performance

CNQE.TO vs. HDIF.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 Harvest Diversified Monthly Income ETF - Class A Units (HDIF.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 HDIF.TO's 2.80% return.

CNQE.TO

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

HDIF.TO

• 1D: 1.02%
• 1M: 5.79%
• YTD: 2.80%
• 6M: 7.55%
• 1Y: 29.14%
• 3Y*: 14.90%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	38.03%	13.80%
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units	2.80%	8.39%

Correlation

The correlation between CNQE.TO and HDIF.TO is -0.09, 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	-0.09

Return for Risk

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

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

HDIF.TO

HDIF.TO Risk / Return Rank: 61
HDIF.TO Sharpe Ratio Rank: 58
HDIF.TO Sortino Ratio Rank: 55
HDIF.TO Omega Ratio Rank: 59
HDIF.TO Calmar Ratio Rank: 65
HDIF.TO Martin Ratio Rank: 71

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. HDIF.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 Harvest Diversified Monthly Income ETF - Class A Units (HDIF.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	HDIF.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.39	0.43	+2.97

Drawdowns

CNQE.TO vs. HDIF.TO - Drawdown Comparison

The maximum CNQE.TO drawdown since its inception was -12.39%, smaller than the maximum HDIF.TO drawdown of -24.07%. Use the drawdown chart below to compare losses from any high point for CNQE.TO and HDIF.TO.

Drawdown Indicators

	CNQE.TO	HDIF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-12.39%	-24.07%	+11.68%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.79%	—
Current Drawdown Current decline from peak	-6.97%	-0.65%	-6.32%
Average Drawdown Average peak-to-trough decline	-2.63%	-6.87%	+4.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.14%	—

Volatility

Volatility by Period

	CNQE.TO	HDIF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	31.20%	13.16%	+18.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.20%	17.65%	+13.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.20%	17.65%	+13.55%

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

CNQE.TO has a 0.40% expense ratio, which is lower than HDIF.TO's 2.47% expense ratio.

Dividends

CNQE.TO vs. HDIF.TO - Dividend Comparison

CNQE.TO's dividend yield for the trailing twelve months is around 6.52%, less than HDIF.TO's 10.51% yield.

	TTM	2025	2024	2023	2022
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	6.52%	4.42%	0.00%	0.00%	0.00%
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units	10.51%	9.93%	10.15%	10.62%	8.95%