CNQE.TO vs. HHIC.TO

Last updated Apr 14, 2026

CNQE.TO (Harvest CNQ Enhanced High Income Shares ETF) and HHIC.TO (Harvest Canadian High Income Shares ETF) are both exchange-traded funds — CNQE.TO is a Derivative Income fund actively managed by Harvest, while HHIC.TO is a Canada Equities fund actively managed by Harvest. Both are actively managed. At 0.07, their price movements are largely independent. Both charge a 0.40% expense ratio.

Performance

CNQE.TO vs. HHIC.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 Canadian High Income Shares ETF (HHIC.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 HHIC.TO's 12.38% return.

CNQE.TO

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

HHIC.TO

• 1D: 0.21%
• 1M: 3.05%
• YTD: 12.38%
• 6M: 17.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	38.03%	13.80%
HHIC.TO Harvest Canadian High Income Shares ETF	12.38%	16.12%

Correlation

The correlation between CNQE.TO and HHIC.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 22, 2025	0.07

Return for Risk

CNQE.TO vs. HHIC.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 Canadian High Income Shares ETF (HHIC.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	HHIC.TO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.39	3.04	+0.35

Drawdowns

CNQE.TO vs. HHIC.TO - Drawdown Comparison

The maximum CNQE.TO drawdown since its inception was -12.39%, which is greater than HHIC.TO's maximum drawdown of -7.26%. Use the drawdown chart below to compare losses from any high point for CNQE.TO and HHIC.TO.

Drawdown Indicators

	CNQE.TO	HHIC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-12.39%	-7.26%	-5.13%
Current Drawdown Current decline from peak	-6.97%	-1.26%	-5.71%
Average Drawdown Average peak-to-trough decline	-2.63%	-1.34%	-1.29%

Volatility

Volatility by Period

	CNQE.TO	HHIC.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	31.20%	17.06%	+14.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.20%	17.06%	+14.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.20%	17.06%	+14.14%

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

Both CNQE.TO and HHIC.TO have an expense ratio of 0.40%.

Dividends

CNQE.TO vs. HHIC.TO - Dividend Comparison

CNQE.TO's dividend yield for the trailing twelve months is around 6.52%, less than HHIC.TO's 7.97% yield.

	TTM	2025
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	6.52%	4.42%
HHIC.TO Harvest Canadian High Income Shares ETF	7.97%	4.77%