FHI.TO vs. HLIF.TO
FHI.TO (CI Health Care Giants Covered Call 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, FHI.TO returned 5.07%/yr vs 20.34%/yr for HLIF.TO. At a 0.37 correlation, their price movements are largely independent.
Performance
FHI.TO vs. HLIF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FHI.TO achieves a 1.35% return, which is significantly lower than HLIF.TO's 15.78% return.
FHI.TO
- 1D
- -0.93%
- 1M
- 4.19%
- YTD
- 1.35%
- 6M
- 1.26%
- 1Y
- 11.83%
- 3Y*
- 5.07%
- 5Y*
- 5.58%
- 10Y*
- —
HLIF.TO
- 1D
- -0.40%
- 1M
- 1.13%
- YTD
- 15.78%
- 6M
- 15.50%
- 1Y
- 34.80%
- 3Y*
- 20.34%
- 5Y*
- —
- 10Y*
- —
FHI.TO vs. HLIF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FHI.TO CI Health Care Giants Covered Call ETF | 1.35% | 11.94% | -0.77% | 0.77% | 7.60% |
HLIF.TO Harvest Canadian Equity Income Leaders ETF Class A | 15.78% | 25.43% | 17.21% | 6.13% | -2.97% |
Correlation
The correlation between FHI.TO and HLIF.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2022 | 0.37 |
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Return for Risk
FHI.TO vs. HLIF.TO — Risk / Return Rank
FHI.TO
HLIF.TO
FHI.TO vs. HLIF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Health Care Giants Covered Call ETF (FHI.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.
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.
| FHI.TO | HLIF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.11 | ||
| Sortino ratioReturn per unit of downside risk | -6.09 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 2.02 | -0.85 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 11.31 | -9.97 |
| Martin ratioReturn relative to average drawdown | 3.06 | 55.88 | -52.82 |
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Drawdowns
FHI.TO vs. HLIF.TO - Drawdown Comparison
The maximum FHI.TO drawdown since its inception was -29.85%, 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 FHI.TO and HLIF.TO.
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Drawdown Indicators
| FHI.TO | HLIF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.85% | -11.12% | -18.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -3.09% | -5.78% |
Max Drawdown (3Y)Largest decline over 3 years | -14.43% | -9.96% | -4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -14.43% | — | — |
Current DrawdownCurrent decline from peak | -2.98% | -1.42% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -1.99% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 0.62% | +3.25% |
Volatility
FHI.TO vs. HLIF.TO - Volatility Comparison
CI Health Care Giants Covered Call ETF (FHI.TO) has a higher volatility of 4.59% compared to Harvest Canadian Equity Income Leaders ETF Class A (HLIF.TO) at 2.15%. This indicates that FHI.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
| FHI.TO | HLIF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 2.15% | +2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 5.89% | +3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 7.02% | +6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 10.41% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 10.41% | +6.11% |
Dividends
FHI.TO vs. HLIF.TO - Dividend Comparison
FHI.TO's dividend yield for the trailing twelve months is around 7.02%, more than HLIF.TO's 5.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FHI.TO CI Health Care Giants Covered Call ETF | 7.02% | 7.14% | 7.84% | 5.80% | 5.98% | 7.38% | 9.69% | 5.42% | 2.42% |
HLIF.TO Harvest Canadian Equity Income Leaders ETF Class A | 5.59% | 6.26% | 7.33% | 7.96% | 3.91% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FHI.TO and HLIF.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: CI and Harvest.
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