ETHY.TO vs. HHIS.TO
ETHY.TO (Purpose Ether Yield ETF - ETF Units) and HHIS.TO (Harvest Diversified High Income Shares ETF) are both exchange-traded funds - ETHY.TO is a Cryptocurrency fund actively managed by Purpose Investments, while HHIS.TO is a Derivative Income fund actively managed by Harvest. Both are actively managed. Over the past year, ETHY.TO returned -44.79% vs 17.13% for HHIS.TO. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
ETHY.TO vs. HHIS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ETHY.TO achieves a -44.43% return, which is significantly lower than HHIS.TO's 8.76% return.
ETHY.TO
- 1D
- 5.04%
- 1M
- 15.84%
- 6M
- -48.08%
- YTD
- -44.43%
- 1Y
- -44.79%
- 3Y*
- -8.05%
- 5Y*
- —
- 10Y*
- —
HHIS.TO
- 1D
- 0.79%
- 1M
- 4.34%
- 6M
- 5.15%
- YTD
- 8.76%
- 1Y
- 17.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHY.TO vs. HHIS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETHY.TO Purpose Ether Yield ETF - ETF Units | -44.43% | -17.94% |
HHIS.TO Harvest Diversified High Income Shares ETF | 8.76% | 24.70% |
Correlation
The correlation between ETHY.TO and HHIS.TO is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025 | 0.55 |
The correlation between ETHY.TO and HHIS.TO has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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Return for Risk
ETHY.TO vs. HHIS.TO — Risk / Return Rank
ETHY.TO
HHIS.TO
ETHY.TO vs. HHIS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Ether Yield ETF - ETF Units (ETHY.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.
| ETHY.TO | HHIS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.13 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 0.70 | -1.33 |
| Martin ratioReturn relative to average drawdown | -1.02 | 1.71 | -2.73 |
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Drawdowns
ETHY.TO vs. HHIS.TO - Drawdown Comparison
The maximum ETHY.TO drawdown since its inception was -77.54%, 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 ETHY.TO and HHIS.TO.
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Drawdown Indicators
| ETHY.TO | HHIS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.54% | -31.83% | -45.71% |
Max Drawdown (1Y)Largest decline over 1 year | -71.48% | -24.43% | -47.05% |
Max Drawdown (3Y)Largest decline over 3 years | -71.48% | — | — |
Current DrawdownCurrent decline from peak | -70.67% | -3.45% | -67.22% |
Average DrawdownAverage peak-to-trough decline | -53.38% | -8.47% | -44.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.16% | 10.01% | +34.15% |
Volatility
ETHY.TO vs. HHIS.TO - Volatility Comparison
Purpose Ether Yield ETF - ETF Units (ETHY.TO) has a higher volatility of 22.09% compared to Harvest Diversified High Income Shares ETF (HHIS.TO) at 8.18%. This indicates that ETHY.TO's price experiences larger fluctuations and is considered to be riskier 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
| ETHY.TO | HHIS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.09% | 8.18% | +13.91% |
Volatility (6M)Calculated over the trailing 6-month period | 56.60% | 19.05% | +37.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.70% | 24.64% | +48.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.88% | 33.51% | +32.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.88% | 33.51% | +32.37% |
Dividends
ETHY.TO vs. HHIS.TO - Dividend Comparison
ETHY.TO's dividend yield for the trailing twelve months is around 44.86%, more than HHIS.TO's 27.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ETHY.TO Purpose Ether Yield ETF - ETF Units | 44.86% | 19.26% | 21.40% | 10.34% | 26.08% | 0.63% |
HHIS.TO Harvest Diversified High Income Shares ETF | 27.59% | 22.88% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ETHY.TO and HHIS.TO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHY.TO is categorized as Cryptocurrency, while HHIS.TO is Derivative Income. They also come from different issuers: Purpose Investments and Harvest.
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