CNYE.TO vs. CRCY.TO

Last updated Jun 5, 2026

CNYE.TO (Harvest Coinbase Enhanced High Income Shares ETF) and CRCY.TO (Harvest Circle Enhanced High Income Shares ETF Class A Units) are both Derivative Income funds from Harvest. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined.

Performance

CNYE.TO vs. CRCY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Coinbase Enhanced High Income Shares ETF (CNYE.TO) and Harvest Circle Enhanced High Income Shares ETF Class A Units (CRCY.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNYE.TO achieves a -30.06% return, which is significantly lower than CRCY.TO's 4.52% return.

CNYE.TO

• 1D: 0.45%
• 1M: -16.55%
• YTD: -30.06%
• 6M: -43.59%
• 1Y: -44.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRCY.TO

• 1D: 0.72%
• 1M: -18.00%
• YTD: 4.52%
• 6M: -5.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CNYE.TO vs. CRCY.TO - Yearly Performance Comparison

	2026 (YTD)	2025
CNYE.TO Harvest Coinbase Enhanced High Income Shares ETF	-30.06%	-39.52%
CRCY.TO Harvest Circle Enhanced High Income Shares ETF Class A Units	4.52%	-45.43%

Correlation

The correlation between CNYE.TO and CRCY.TO is 0.72, 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 Oct 2, 2025	0.72

Return for Risk

CNYE.TO vs. CRCY.TO — Risk / Return Rank

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

CNYE.TO

CNYE.TO Risk / Return Rank: 4
CNYE.TO Sharpe Ratio Rank: 4
CNYE.TO Sortino Ratio Rank: 5
CNYE.TO Omega Ratio Rank: 5
CNYE.TO Calmar Ratio Rank: 4
CNYE.TO Martin Ratio Rank: 4

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.

CNYE.TO vs. CRCY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Coinbase Enhanced High Income Shares ETF (CNYE.TO) and Harvest Circle Enhanced High Income Shares ETF Class A Units (CRCY.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.

	CNYE.TO	CRCY.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	—	—
Sortino ratio: Return per unit of downside risk	-0.54	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.61	—	—
Martin ratio: Return relative to average drawdown	-1.01	—	—
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

	CNYE.TO	CRCY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	-0.52	+0.11

Drawdowns

CNYE.TO vs. CRCY.TO - Drawdown Comparison

The maximum CNYE.TO drawdown since its inception was -72.18%, roughly equal to the maximum CRCY.TO drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for CNYE.TO and CRCY.TO.

Drawdown Indicators

	CNYE.TO	CRCY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-72.18%	-73.84%	+1.66%
Max Drawdown (1Y) Largest decline over 1 year	-72.18%	—	—
Current Drawdown Current decline from peak	-65.57%	-52.74%	-12.83%
Average Drawdown Average peak-to-trough decline	-33.73%	-46.01%	+12.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.83%	—	—

Volatility

Volatility by Period

	CNYE.TO	CRCY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	57.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	77.13%	110.06%	-32.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.50%	110.06%	-27.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.50%	110.06%	-27.56%

Dividends

CNYE.TO vs. CRCY.TO - Dividend Comparison

CNYE.TO's dividend yield for the trailing twelve months is around 89.78%, more than CRCY.TO's 44.49% yield.

Position	TTM	2025
CNYE.TO Harvest Coinbase Enhanced High Income Shares ETF	89.78%	48.74%
CRCY.TO Harvest Circle Enhanced High Income Shares ETF Class A Units	44.49%	17.09%

Frequently Asked Questions

Can I hold both CNYE.TO and CRCY.TO in my portfolio?

CNYE.TO and CRCY.TO have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.