HDIF.TO vs. EIT-UN.TO

Last updated Jun 4, 2026

HDIF.TO (Harvest Diversified Monthly Income ETF - Class A Units) and EIT-UN.TO (Canoe EIT Income Fund) are both funds - HDIF.TO is a Derivative Income fund actively managed by Harvest, while EIT-UN.TO is a Diversified Portfolio fund actively managed by Canoe. Both are actively managed. Over the past 3 years, HDIF.TO returned 18.30%/yr vs 22.10%/yr for EIT-UN.TO. At a 0.47 correlation, their price movements are largely independent. HDIF.TO charges 2.47%/yr vs 1.10%/yr for EIT-UN.TO.

Performance

HDIF.TO vs. EIT-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) and Canoe EIT Income Fund (EIT-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HDIF.TO achieves a 11.54% return, which is significantly lower than EIT-UN.TO's 27.79% return.

HDIF.TO

• 1D: -0.73%
• 1M: 6.52%
• YTD: 11.54%
• 6M: 12.52%
• 1Y: 28.86%
• 3Y*: 18.30%
• 5Y*: —
• 10Y*: —

EIT-UN.TO

• 1D: 23.25%
• 1M: 24.15%
• YTD: 27.79%
• 6M: 33.97%
• 1Y: 25.62%
• 3Y*: 22.10%
• 5Y*: 131.16%
• 10Y*: 118.84%

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

HDIF.TO vs. EIT-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units	11.54%	15.61%	18.52%	12.79%	-15.12%
EIT-UN.TO Canoe EIT Income Fund	27.79%	3.45%	28.25%	5.94%	6.76%

Correlation

The correlation between HDIF.TO and EIT-UN.TO is 0.04, 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 (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022	0.47

Over the past year, the correlation between HDIF.TO and EIT-UN.TO has dropped to 0.04 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Return for Risk

HDIF.TO vs. EIT-UN.TO — Risk / Return Rank

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

HDIF.TO

HDIF.TO Risk / Return Rank: 68
HDIF.TO Sharpe Ratio Rank: 68
HDIF.TO Sortino Ratio Rank: 66
HDIF.TO Omega Ratio Rank: 68
HDIF.TO Calmar Ratio Rank: 66
HDIF.TO Martin Ratio Rank: 72

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.

HDIF.TO vs. EIT-UN.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 Canoe EIT Income Fund (EIT-UN.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	EIT-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.29	1.00	+1.29
Sortino ratio: Return per unit of downside risk	3.11	2.53	+0.58
Omega ratio: Gain probability vs. loss probability	1.42	3.53	-2.11
Calmar ratio: Return relative to maximum drawdown	3.30	—	—
Martin ratio: Return 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.

HDIF.TO vs. EIT-UN.TO - Sharpe Ratio Comparison

The current HDIF.TO Sharpe Ratio is 2.29, which is higher than the EIT-UN.TO Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of HDIF.TO and EIT-UN.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HDIF.TO	EIT-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	1.00	+1.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.11	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.00	+0.53

Drawdowns

HDIF.TO vs. EIT-UN.TO - Drawdown Comparison

The maximum HDIF.TO drawdown since its inception was -24.07%, smaller than the maximum EIT-UN.TO drawdown of -56.65%. Use the drawdown chart below to compare losses from any high point for HDIF.TO and EIT-UN.TO.

Drawdown Indicators

	HDIF.TO	EIT-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-24.07%	-56.65%	+32.58%
Max Drawdown (1Y) Largest decline over 1 year	-8.79%	0.00%	-8.79%
Max Drawdown (3Y) Largest decline over 3 years	-19.60%	-10.73%	-8.87%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.57%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.36%	—
Current Drawdown Current decline from peak	-0.73%	0.00%	-0.73%
Average Drawdown Average peak-to-trough decline	-6.65%	-3.87%	-2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	6.16%	-4.04%

Volatility

HDIF.TO vs. EIT-UN.TO - Volatility Comparison

The current volatility for Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) is 3.50%, while Canoe EIT Income Fund (EIT-UN.TO) has a volatility of 20.88%. This indicates that HDIF.TO experiences smaller price fluctuations and is considered to be less risky than EIT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDIF.TO	EIT-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	20.88%	-17.38%
Volatility (6M) Calculated over the trailing 6-month period	10.37%	21.29%	-10.92%
Volatility (1Y) Calculated over the trailing 1-year period	12.67%	25.85%	-13.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.49%	1,193.88%	-1,176.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.49%	1,020.22%	-1,002.73%

HDIF.TO vs. EIT-UN.TO - Expense Ratio Comparison

HDIF.TO has a 2.47% expense ratio, which is higher than EIT-UN.TO's 1.10% expense ratio.

Dividends

HDIF.TO vs. EIT-UN.TO - Dividend Comparison

HDIF.TO's dividend yield for the trailing twelve months is around 10.21%, which matches EIT-UN.TO's 10.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIT-UN.TO Canoe EIT Income Fund	10.19%	12.56%	7.90%	9.29%	8.97%	104.98%	108.64%	11.53%	11.62%	11.01%	10.06%	10.71%
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units	10.21%	9.93%	10.15%	10.62%	8.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HDIF.TO and EIT-UN.TO in my portfolio?

HDIF.TO and EIT-UN.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.