ETSX.TO vs. HHIC.TO

Last updated Jun 4, 2026

ETSX.TO (Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged) and HHIC.TO (Harvest Canadian High Income Shares ETF) are both exchange-traded funds - ETSX.TO is a Large Cap Blend Equities fund tracking the S&P/TSX 60, while HHIC.TO is a Canada Equities fund actively managed by Harvest. ETSX.TO is passively managed, while HHIC.TO is actively managed. Their correlation of 0.81 suggests significant overlap in exposure. ETSX.TO charges 0.45%/yr vs 0.40%/yr for HHIC.TO.

Performance

ETSX.TO vs. HHIC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) and Harvest Canadian High Income Shares ETF (HHIC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETSX.TO achieves a 7.49% return, which is significantly lower than HHIC.TO's 13.62% return.

ETSX.TO

• 1D: -0.37%
• 1M: 3.34%
• YTD: 7.49%
• 6M: 9.59%
• 1Y: 26.55%
• 3Y*: 19.01%
• 5Y*: —
• 10Y*: —

HHIC.TO

• 1D: -0.83%
• 1M: 1.95%
• YTD: 13.62%
• 6M: 15.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETSX.TO vs. HHIC.TO - Yearly Performance Comparison

	2026 (YTD)	2025
ETSX.TO Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged	7.49%	12.39%
HHIC.TO Harvest Canadian High Income Shares ETF	13.62%	16.12%

Correlation

The correlation between ETSX.TO and HHIC.TO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025	0.81

ETSX.TO vs. HHIC.TO - Sectors Allocation Comparison

Sectors	ETSX.TO	HHIC.TO
Financial Services	39.1%	32.7%
Energy	18.5%	34.8%
Basic Materials	13.6%	11.3%
Technology	9.0%	11.0%
Industrials	7.8%	-
Consumer Cyclical	4.0%	-
Consumer Defensive	3.2%	-
Utilities	2.6%	-
Communication Services	1.9%	10.2%
Real Estate	0.2%	-
Healthcare	-	-

Return for Risk

ETSX.TO vs. HHIC.TO — Risk / Return Rank

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

ETSX.TO

ETSX.TO Risk / Return Rank: 75
ETSX.TO Sharpe Ratio Rank: 74
ETSX.TO Sortino Ratio Rank: 75
ETSX.TO Omega Ratio Rank: 75
ETSX.TO Calmar Ratio Rank: 69
ETSX.TO Martin Ratio Rank: 81

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.

ETSX.TO vs. HHIC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) and Harvest Canadian High Income Shares ETF (HHIC.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.

	ETSX.TO	HHIC.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.43	—	—
Sortino ratio: Return per unit of downside risk	3.36	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	3.45	—	—
Martin ratio: Return relative to average drawdown	15.85	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ETSX.TO	HHIC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.46	2.57	-1.12

Drawdowns

ETSX.TO vs. HHIC.TO - Drawdown Comparison

The maximum ETSX.TO drawdown since its inception was -12.23%, which is greater than HHIC.TO's maximum drawdown of -7.26%. Use the drawdown chart below to compare losses from any high point for ETSX.TO and HHIC.TO.

Drawdown Indicators

	ETSX.TO	HHIC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-12.23%	-7.26%	-4.97%
Max Drawdown (1Y) Largest decline over 1 year	-7.72%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.23%	—	—
Current Drawdown Current decline from peak	-0.37%	-0.83%	+0.46%
Average Drawdown Average peak-to-trough decline	-1.67%	-1.47%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	—	—

Volatility

Volatility by Period

	ETSX.TO	HHIC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.01%	16.67%	-5.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.71%	16.67%	-4.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.71%	16.67%	-4.96%

ETSX.TO vs. HHIC.TO - Expense Ratio Comparison

ETSX.TO has a 0.45% expense ratio, which is higher than HHIC.TO's 0.40% expense ratio.

Dividends

ETSX.TO vs. HHIC.TO - Dividend Comparison

ETSX.TO's dividend yield for the trailing twelve months is around 9.19%, less than HHIC.TO's 10.90% yield.

Position	TTM	2025	2024	2023
ETSX.TO Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged	9.19%	9.39%	9.20%	9.92%
HHIC.TO Harvest Canadian High Income Shares ETF	10.90%	4.77%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETSX.TO and HHIC.TO in my portfolio?

ETSX.TO and HHIC.TO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETSX.TO or HHIC.TO?

On fees, HHIC.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, ETSX.TO or HHIC.TO?

HHIC.TO is cheaper with a 0.40% expense ratio, compared with 0.45% for ETSX.TO.

What is the main difference between ETSX.TO and HHIC.TO?

ETSX.TO is categorized as Large Cap Blend Equities, while HHIC.TO is Canada Equities. They also come from different issuers: Evolve and Harvest. Their fees differ too: 0.45% for ETSX.TO and 0.40% for HHIC.TO.