DXP.TO vs. HDIF.TO

Last updated Jul 17, 2026

DXP.TO (Dynamic Active Preferred Shares ETF) and HDIF.TO (Harvest Diversified Monthly Income ETF - Class A Units) are both exchange-traded funds - DXP.TO is a Preferred Stock/Convertible Bonds fund actively managed by Dynamic, while HDIF.TO is a Derivative Income fund actively managed by Harvest. Both are actively managed. Over the past 3 years, DXP.TO returned 18.83%/yr vs 17.61%/yr for HDIF.TO. At a 0.22 correlation, their price movements are largely independent. DXP.TO charges 0.64%/yr vs 2.47%/yr for HDIF.TO.

Performance

DXP.TO vs. HDIF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dynamic Active Preferred Shares ETF (DXP.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, DXP.TO achieves a 5.77% return, which is significantly lower than HDIF.TO's 12.72% return.

DXP.TO

• 1D: 0.00%
• 1M: 1.24%
• 6M: 5.40%
• YTD: 5.77%
• 1Y: 12.83%
• 3Y*: 18.83%
• 5Y*: 8.14%
• 10Y*: —

HDIF.TO

• 1D: -0.32%
• 1M: 0.42%
• 6M: 10.74%
• YTD: 12.72%
• 1Y: 24.40%
• 3Y*: 17.61%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
DXP.TO Dynamic Active Preferred Shares ETF	5.77%	17.64%	25.73%	8.22%	-15.39%
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units	12.72%	15.70%	18.44%	12.76%	-14.72%

Correlation

The correlation between DXP.TO and HDIF.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Feb 16, 2022	0.22

Return for Risk

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

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

DXP.TO

DXP.TO Risk / Return Rank: 96
DXP.TO Sharpe Ratio Rank: 96
DXP.TO Sortino Ratio Rank: 97
DXP.TO Omega Ratio Rank: 96
DXP.TO Calmar Ratio Rank: 94
DXP.TO Martin Ratio Rank: 96

HDIF.TO

HDIF.TO Risk / Return Rank: 73
HDIF.TO Sharpe Ratio Rank: 74
HDIF.TO Sortino Ratio Rank: 72
HDIF.TO Omega Ratio Rank: 72
HDIF.TO Calmar Ratio Rank: 70
HDIF.TO Martin Ratio Rank: 77

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.

DXP.TO vs. HDIF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Preferred Shares ETF (DXP.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DXP.TO	HDIF.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.29	1.88	+1.41
Sortino ratio: Return per unit of downside risk	5.03	2.60	+2.43
Omega ratio: Gain probability vs. loss probability	1.66	1.34	+0.32
Calmar ratio: Return relative to maximum drawdown	5.36	2.79	+2.57
Martin ratio: Return relative to average drawdown	26.60	11.42	+15.18

DXP.TO vs. HDIF.TO - Sharpe Ratio Comparison

The current DXP.TO Sharpe Ratio is 3.29, which is higher than the HDIF.TO Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of DXP.TO and HDIF.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DXP.TO vs. HDIF.TO - Drawdown Comparison

The maximum DXP.TO drawdown since its inception was -40.72%, which is greater than HDIF.TO's maximum drawdown of -24.08%. Use the drawdown chart below to compare losses from any high point for DXP.TO and HDIF.TO.

Drawdown Indicators

	DXP.TO	HDIF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-40.72%	-24.08%	-16.64%
Max Drawdown (1Y) Largest decline over 1 year	-2.40%	-8.79%	+6.39%
Max Drawdown (3Y) Largest decline over 3 years	-8.30%	-19.59%	+11.29%
Max Drawdown (5Y) Largest decline over 5 years	-20.11%	—	—
Current Drawdown Current decline from peak	0.00%	-0.94%	+0.94%
Average Drawdown Average peak-to-trough decline	-6.57%	-6.50%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.48%	2.14%	-1.66%

Volatility

DXP.TO vs. HDIF.TO - Volatility Comparison

The current volatility for Dynamic Active Preferred Shares ETF (DXP.TO) is 0.70%, while Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) has a volatility of 2.80%. This indicates that DXP.TO experiences smaller price fluctuations and is considered to be less risky than HDIF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXP.TO	HDIF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	2.80%	-2.10%
Volatility (6M) Calculated over the trailing 6-month period	2.42%	10.90%	-8.48%
Volatility (1Y) Calculated over the trailing 1-year period	3.91%	13.04%	-9.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.27%	17.36%	-8.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.18%	17.36%	-5.18%

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

DXP.TO has a 0.64% expense ratio, which is lower than HDIF.TO's 2.47% expense ratio.

Dividends

DXP.TO vs. HDIF.TO - Dividend Comparison

DXP.TO's dividend yield for the trailing twelve months is around 4.37%, less than HDIF.TO's 10.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXP.TO Dynamic Active Preferred Shares ETF	4.37%	4.52%	5.05%	5.31%	4.58%	3.67%	4.51%	4.53%	4.50%	3.36%
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units	10.38%	9.95%	10.14%	10.59%	8.93%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DXP.TO and HDIF.TO in my portfolio?

DXP.TO and HDIF.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DXP.TO or HDIF.TO?

On fees, DXP.TO is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DXP.TO or HDIF.TO?

DXP.TO is cheaper with a 0.64% expense ratio, compared with 2.47% for HDIF.TO.

What is the main difference between DXP.TO and HDIF.TO?

DXP.TO is categorized as Preferred Stock/Convertible Bonds, while HDIF.TO is Derivative Income. They also come from different issuers: Dynamic and Harvest. Their fees differ too: 0.64% for DXP.TO and 2.47% for HDIF.TO.