HDIF.TO vs. ECHI.TO
HDIF.TO (Harvest Diversified Monthly Income ETF - Class A Units) and ECHI.TO (Ninepoint Enhanced Canadian HighShares ETF) are both Derivative Income funds. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. HDIF.TO charges 2.47%/yr vs 0.29%/yr for ECHI.TO.
Performance
HDIF.TO vs. ECHI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HDIF.TO achieves a 11.54% return, which is significantly lower than ECHI.TO's 16.77% return.
HDIF.TO
- 1D
- -0.73%
- 1M
- 6.52%
- YTD
- 11.54%
- 6M
- 12.52%
- 1Y
- 28.86%
- 3Y*
- 18.30%
- 5Y*
- —
- 10Y*
- —
ECHI.TO
- 1D
- -0.95%
- 1M
- 4.10%
- YTD
- 16.77%
- 6M
- 19.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDIF.TO vs. ECHI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | 11.54% | 6.77% |
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF | 16.77% | 20.01% |
Correlation
The correlation between HDIF.TO and ECHI.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 (All Time) Calculated using the full available price history since Aug 25, 2025 | 0.61 |
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Return for Risk
HDIF.TO vs. ECHI.TO — Risk / Return Rank
HDIF.TO
ECHI.TO
HDIF.TO vs. ECHI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) and Ninepoint Enhanced Canadian HighShares ETF (ECHI.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.
| HDIF.TO | ECHI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.42 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | — | — |
| Martin ratioReturn relative to average drawdown | 13.66 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HDIF.TO | ECHI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 3.14 | -2.60 |
Drawdowns
HDIF.TO vs. ECHI.TO - Drawdown Comparison
The maximum HDIF.TO drawdown since its inception was -24.07%, which is greater than ECHI.TO's maximum drawdown of -6.84%. Use the drawdown chart below to compare losses from any high point for HDIF.TO and ECHI.TO.
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Drawdown Indicators
| HDIF.TO | ECHI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.07% | -6.84% | -17.23% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.60% | — | — |
Current DrawdownCurrent decline from peak | -0.73% | -0.95% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -1.26% | -5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | — | — |
Volatility
HDIF.TO vs. ECHI.TO - Volatility Comparison
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Volatility by Period
| HDIF.TO | ECHI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.67% | 17.48% | -4.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.49% | 17.48% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 17.48% | +0.01% |
HDIF.TO vs. ECHI.TO - Expense Ratio Comparison
HDIF.TO has a 2.47% expense ratio, which is higher than ECHI.TO's 0.29% expense ratio.
Dividends
HDIF.TO vs. ECHI.TO - Dividend Comparison
HDIF.TO's dividend yield for the trailing twelve months is around 10.21%, less than ECHI.TO's 10.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF | 10.90% | 5.27% | 0.00% | 0.00% | 0.00% |
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | 10.21% | 9.93% | 10.15% | 10.62% | 8.95% |
Frequently Asked Questions
HDIF.TO and ECHI.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.
On fees, ECHI.TO is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECHI.TO is cheaper with a 0.29% expense ratio, compared with 2.47% for HDIF.TO.
They also come from different issuers: Harvest and Ninepoint. Their fees differ too: 2.47% for HDIF.TO and 0.29% for ECHI.TO.
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