EIT-UN.TO vs. HHIS.TO
EIT-UN.TO (Canoe EIT Income Fund) and HHIS.TO (Harvest Diversified High Income Shares ETF) are both funds - EIT-UN.TO is a Diversified Portfolio fund actively managed by Canoe, while HHIS.TO is a Derivative Income fund actively managed by Harvest. Both are actively managed. Over the past year, EIT-UN.TO returned 20.74% vs 27.04% for HHIS.TO. At a 0.36 correlation, their price movements are largely independent. EIT-UN.TO charges 1.10%/yr vs 0.00%/yr for HHIS.TO.
Performance
EIT-UN.TO vs. HHIS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EIT-UN.TO achieves a 14.30% return, which is significantly higher than HHIS.TO's 4.23% return.
EIT-UN.TO
- 1D
- 0.58%
- 1M
- 1.74%
- YTD
- 14.30%
- 6M
- 14.60%
- 1Y
- 20.74%
- 3Y*
- 20.71%
- 5Y*
- 16.85%
- 10Y*
- 15.91%
HHIS.TO
- 1D
- -0.18%
- 1M
- -3.97%
- YTD
- 4.23%
- 6M
- 3.47%
- 1Y
- 27.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EIT-UN.TO vs. HHIS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EIT-UN.TO Canoe EIT Income Fund | 14.30% | 10.71% |
HHIS.TO Harvest Diversified High Income Shares ETF | 4.23% | 24.70% |
Correlation
The correlation between EIT-UN.TO and HHIS.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025 | 0.36 |
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Return for Risk
EIT-UN.TO vs. HHIS.TO — Risk / Return Rank
EIT-UN.TO
HHIS.TO
EIT-UN.TO vs. HHIS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canoe EIT Income Fund (EIT-UN.TO) and Harvest Diversified High Income Shares ETF (HHIS.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.
| EIT-UN.TO | HHIS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.20 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 1.08 | +2.40 |
| Martin ratioReturn relative to average drawdown | 13.34 | 2.68 | +10.66 |
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Drawdowns
EIT-UN.TO vs. HHIS.TO - Drawdown Comparison
The maximum EIT-UN.TO drawdown since its inception was -63.56%, which is greater than HHIS.TO's maximum drawdown of -31.83%. Use the drawdown chart below to compare losses from any high point for EIT-UN.TO and HHIS.TO.
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Drawdown Indicators
| EIT-UN.TO | HHIS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.56% | -31.83% | -31.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.93% | -24.43% | +18.50% |
Max Drawdown (3Y)Largest decline over 3 years | -9.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -50.36% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -7.47% | +7.47% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -8.64% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 9.86% | -8.31% |
Volatility
EIT-UN.TO vs. HHIS.TO - Volatility Comparison
The current volatility for Canoe EIT Income Fund (EIT-UN.TO) is 2.54%, while Harvest Diversified High Income Shares ETF (HHIS.TO) has a volatility of 8.04%. This indicates that EIT-UN.TO experiences smaller price fluctuations and is considered to be less risky than HHIS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIT-UN.TO | HHIS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 8.04% | -5.50% |
Volatility (6M)Calculated over the trailing 6-month period | 7.54% | 18.09% | -10.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.83% | 23.84% | -15.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.21% | 33.81% | -21.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.52% | 33.81% | -16.29% |
EIT-UN.TO vs. HHIS.TO - Expense Ratio Comparison
EIT-UN.TO has a 1.10% expense ratio, which is higher than HHIS.TO's 0.00% expense ratio.
Dividends
EIT-UN.TO vs. HHIS.TO - Dividend Comparison
EIT-UN.TO's dividend yield for the trailing twelve months is around 6.88%, less than HHIS.TO's 27.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIT-UN.TO Canoe EIT Income Fund | 6.88% | 7.64% | 7.90% | 9.29% | 8.97% | 9.08% | 12.20% | 11.53% | 11.65% | 10.16% | 10.06% | 10.71% |
HHIS.TO Harvest Diversified High Income Shares ETF | 27.93% | 22.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EIT-UN.TO and HHIS.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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