DXQ.TO vs. HLIF.TO
DXQ.TO (Dynamic Active Enhanced Yield Covered Options ETF) and HLIF.TO (Harvest Canadian Equity Income Leaders ETF Class A) are both Derivative Income funds. Both are actively managed. Over the past 3 years, DXQ.TO returned 17.27%/yr vs 19.93%/yr for HLIF.TO. At a 0.32 correlation, their price movements are largely independent. DXQ.TO charges 0.72%/yr vs 0.79%/yr for HLIF.TO.
Performance
DXQ.TO vs. HLIF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXQ.TO achieves a 6.80% return, which is significantly lower than HLIF.TO's 15.41% return.
DXQ.TO
- 1D
- -0.70%
- 1M
- 2.65%
- YTD
- 6.80%
- 6M
- 5.77%
- 1Y
- 19.04%
- 3Y*
- 17.27%
- 5Y*
- —
- 10Y*
- —
HLIF.TO
- 1D
- -0.32%
- 1M
- 3.60%
- YTD
- 15.41%
- 6M
- 16.85%
- 1Y
- 36.13%
- 3Y*
- 19.93%
- 5Y*
- —
- 10Y*
- —
DXQ.TO vs. HLIF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 6.80% | 12.99% | 21.07% | 20.08% | 3.57% |
HLIF.TO Harvest Canadian Equity Income Leaders ETF Class A | 15.41% | 25.43% | 17.21% | 6.13% | -1.47% |
Correlation
The correlation between DXQ.TO and HLIF.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2022 | 0.32 |
The correlation between DXQ.TO and HLIF.TO shifts across timeframes, from 0.22 (1 year) to 0.33 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DXQ.TO vs. HLIF.TO — Risk / Return Rank
DXQ.TO
HLIF.TO
DXQ.TO vs. HLIF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) and Harvest Canadian Equity Income Leaders ETF Class A (HLIF.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.
| DXQ.TO | HLIF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.22 | ||
| Sortino ratioReturn per unit of downside risk | -4.99 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 2.10 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 11.74 | -8.00 |
| Martin ratioReturn relative to average drawdown | 10.46 | 60.41 | -49.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DXQ.TO | HLIF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 5.30 | -3.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.61 | 1.45 | +0.16 |
Drawdowns
DXQ.TO vs. HLIF.TO - Drawdown Comparison
The maximum DXQ.TO drawdown since its inception was -15.54%, which is greater than HLIF.TO's maximum drawdown of -11.12%. Use the drawdown chart below to compare losses from any high point for DXQ.TO and HLIF.TO.
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Drawdown Indicators
| DXQ.TO | HLIF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.54% | -11.12% | -4.42% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -3.09% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -9.96% | -5.58% |
Current DrawdownCurrent decline from peak | -0.70% | -0.32% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -1.27% | -2.02% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 0.60% | +1.22% |
Volatility
DXQ.TO vs. HLIF.TO - Volatility Comparison
Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) has a higher volatility of 2.38% compared to Harvest Canadian Equity Income Leaders ETF Class A (HLIF.TO) at 2.17%. This indicates that DXQ.TO's price experiences larger fluctuations and is considered to be riskier than HLIF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXQ.TO | HLIF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 2.17% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.14% | 5.77% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.21% | 6.85% | +2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.92% | 10.47% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.92% | 10.47% | +0.45% |
DXQ.TO vs. HLIF.TO - Expense Ratio Comparison
DXQ.TO has a 0.72% expense ratio, which is lower than HLIF.TO's 0.79% expense ratio.
Dividends
DXQ.TO vs. HLIF.TO - Dividend Comparison
DXQ.TO's dividend yield for the trailing twelve months is around 7.77%, more than HLIF.TO's 6.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 7.77% | 7.45% | 5.74% | 6.54% | 1.83% |
HLIF.TO Harvest Canadian Equity Income Leaders ETF Class A | 6.07% | 6.26% | 7.33% | 7.96% | 3.91% |
Frequently Asked Questions
DXQ.TO and HLIF.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXQ.TO is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXQ.TO is cheaper with a 0.72% expense ratio, compared with 0.79% for HLIF.TO.
They also come from different issuers: Dynamic and Harvest. Their fees differ too: 0.72% for DXQ.TO and 0.79% for HLIF.TO.
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