ENBE.TO vs. HDIF.TO

Last updated Jul 25, 2026

ENBE.TO (Harvest Enbridge Enhanced High Income Shares ETF) and HDIF.TO (Harvest Diversified Monthly Income ETF - Class A Units) are both Derivative Income funds from Harvest. Both are actively managed. At a correlation of -0.07, they often move in opposite directions. ENBE.TO charges 0.40%/yr vs 2.47%/yr for HDIF.TO.

Performance

ENBE.TO vs. HDIF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Enbridge Enhanced High Income Shares ETF (ENBE.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, ENBE.TO achieves a 27.08% return, which is significantly higher than HDIF.TO's 11.41% return.

ENBE.TO

• 1D: 0.87%
• 1M: 2.73%
• 6M: 26.22%
• YTD: 27.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

HDIF.TO

• 1D: 0.21%
• 1M: 0.41%
• 6M: 10.06%
• YTD: 11.41%
• 1Y: 20.97%
• 3Y*: 16.16%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.05%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ENBE.TO Harvest Enbridge Enhanced High Income Shares ETF	CA$97.44K	CA$77.42K	CA$75.28K
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units	CA$936.04K	CA$826.90K	CA$827.56K

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

	2026 (YTD)	2025
ENBE.TO Harvest Enbridge Enhanced High Income Shares ETF	27.08%	-0.98%
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units	11.41%	8.14%

Correlation

The correlation between ENBE.TO and HDIF.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 21, 2025	-0.07

Return for Risk

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

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

ENBE.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HDIF.TO

HDIF.TO Risk / Return Rank: 71
HDIF.TO Sharpe Ratio Rank: 70
HDIF.TO Sortino Ratio Rank: 69
HDIF.TO Omega Ratio Rank: 68
HDIF.TO Calmar Ratio Rank: 69
HDIF.TO Martin Ratio Rank: 76

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.

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

This table presents a comparison of risk-adjusted performance metrics for Harvest Enbridge Enhanced High Income Shares ETF (ENBE.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.

	ENBE.TO	HDIF.TO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.60	—
Sortino ratio: Return per unit of downside risk	—	2.25	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.40	—
Martin ratio: Return relative to average drawdown	—	9.72	—

Drawdowns

ENBE.TO vs. HDIF.TO - Drawdown Comparison

The maximum ENBE.TO drawdown since its inception was -11.28%, smaller than the maximum HDIF.TO drawdown of -24.08%. Use the drawdown chart below to compare losses from any high point for ENBE.TO and HDIF.TO.

Drawdown Indicators

	ENBE.TO	HDIF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-11.28%	-24.08%	+12.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.79%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.59%	—
Current Drawdown Current decline from peak	0.00%	-2.09%	+2.09%
Average Drawdown Average peak-to-trough decline	-3.12%	-6.48%	+3.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.16%	—

Volatility

Volatility by Period

	ENBE.TO	HDIF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.24%	13.17%	+5.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.24%	17.34%	+0.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.24%	17.34%	+0.90%

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

ENBE.TO has a 0.40% expense ratio, which is lower than HDIF.TO's 2.47% expense ratio.

Dividends

ENBE.TO vs. HDIF.TO - Dividend Comparison

ENBE.TO's dividend yield for the trailing twelve months is around 9.34%, less than HDIF.TO's 10.50% yield.

Position	TTM	2025	2024	2023	2022
ENBE.TO Harvest Enbridge Enhanced High Income Shares ETF	9.34%	4.47%	0.00%	0.00%	0.00%
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units	10.50%	9.95%	10.14%	10.59%	8.93%

Frequently Asked Questions

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

ENBE.TO and HDIF.TO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, ENBE.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

ENBE.TO is cheaper with a 0.40% expense ratio, compared with 2.47% for HDIF.TO.

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

Their fees differ too: 0.40% for ENBE.TO and 2.47% for HDIF.TO.