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HDIF.TO vs. HHIC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HDIF.TO vs. HHIC.TO

Last updated Jun 4, 2026

HDIF.TO (Harvest Diversified Monthly Income ETF - Class A Units) and HHIC.TO (Harvest Canadian High Income Shares ETF) are both exchange-traded funds - HDIF.TO is a Derivative Income fund actively managed by Harvest, while HHIC.TO is a Canada Equities fund actively managed by Harvest. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. HDIF.TO charges 2.47%/yr vs 0.40%/yr for HHIC.TO.

Performance

HDIF.TO vs. HHIC.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 Harvest Canadian High Income Shares ETF (HHIC.TO). The values are adjusted to include any dividend payments, if applicable.

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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 HHIC.TO's 13.62% return.

HDIF.TO

1D
-0.73%
1M
6.52%
YTD
11.54%
6M
12.52%
1Y
28.86%
3Y*
18.30%
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)

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

2026 (YTD)2025
HDIF.TO
Harvest Diversified Monthly Income ETF - Class A Units		11.54%8.39%
HHIC.TO
Harvest Canadian High Income Shares ETF		13.62%16.12%

Correlation

The correlation between HDIF.TO and HHIC.TO is 0.62, 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 22, 2025

0.62

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

Sectors
HDIF.TO
HHIC.TO

Technology

27.6%
11.0%

Financial Services

15.6%
32.7%

Healthcare

11.4%

-

Communication Services

10.3%
10.2%

Consumer Cyclical

9.7%

-

Industrials

9.4%

-

Energy

5.3%
34.8%

Utilities

5.0%

-

Consumer Defensive

3.9%

-

Basic Materials

1.1%
11.3%

Real Estate

0.8%

-

Technology

HDIF.TO
27.6%
HHIC.TO
11.0%

Financial Services

HDIF.TO
15.6%
HHIC.TO
32.7%

Healthcare

HDIF.TO
11.4%
HHIC.TO

-

Communication Services

HDIF.TO
10.3%
HHIC.TO
10.2%

Consumer Cyclical

HDIF.TO
9.7%
HHIC.TO

-

Industrials

HDIF.TO
9.4%
HHIC.TO

-

Energy

HDIF.TO
5.3%
HHIC.TO
34.8%

Utilities

HDIF.TO
5.0%
HHIC.TO

-

Consumer Defensive

HDIF.TO
3.9%
HHIC.TO

-

Basic Materials

HDIF.TO
1.1%
HHIC.TO
11.3%

Real Estate

HDIF.TO
0.8%
HHIC.TO

-

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Harvest Diversified Monthly Income ETF - Class A Units

Harvest Canadian High Income Shares ETF

Often compared with HDIF.TO:
HDIF.TO vs. HDIV.TOHDIF.TO vs. HYLD.TOHDIF.TO vs. XEQT.TOHDIF.TO vs. HTAE.TOHDIF.TO vs. MQQQHDIF.TO vs. ZMMK.TOHDIF.TO vs. VDY.TO
Often compared with HHIC.TO:
HHIC.TO vs. HHIS.TOHHIC.TO vs. HDIV.TOHHIC.TO vs. ECHI.TOHHIC.TO vs. VDY.TOHHIC.TO vs. CANY.TOHHIC.TO vs. XIU.TOHHIC.TO vs. QDAY.NEO

Return for Risk

HDIF.TO vs. HHIC.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: 6868
Overall Rank
HDIF.TO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
HDIF.TO Sortino Ratio Rank: 6666
Sortino Ratio Rank
HDIF.TO Omega Ratio Rank: 6868
Omega Ratio Rank
HDIF.TO Calmar Ratio Rank: 6666
Calmar Ratio Rank
HDIF.TO Martin Ratio Rank: 7272
Martin Ratio Rank
HHIC.TO
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. HHIC.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 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.

HDIF.TOHHIC.TODifference
Sharpe ratioReturn per unit of total volatility
2.29

—

—

Sortino ratioReturn per unit of downside risk
3.11

—

—

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.

HDIF.TO vs. HHIC.TO - Sharpe Ratio Comparison

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Sharpe Ratios by Period

HDIF.TOHHIC.TODifference

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

2.57

-2.04

Drawdowns

HDIF.TO vs. HHIC.TO - Drawdown Comparison

The maximum HDIF.TO drawdown since its inception was -24.07%, 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 HDIF.TO and HHIC.TO.

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Drawdown Indicators

HDIF.TOHHIC.TODifference

Max Drawdown

Largest peak-to-trough decline

-24.07%

-7.26%

-16.81%

Max Drawdown (1Y)

Largest decline over 1 year

-8.79%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-19.60%

—

—

Current Drawdown

Current decline from peak

-0.73%

-0.83%

+0.10%

Average Drawdown

Average peak-to-trough decline

-6.65%

-1.47%

-5.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.12%

—

—

Volatility

HDIF.TO vs. HHIC.TO - Volatility Comparison

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Volatility by Period

HDIF.TOHHIC.TODifference

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%

16.67%

-4.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.49%

16.67%

+0.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.49%

16.67%

+0.82%

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

HDIF.TO has a 2.47% expense ratio, which is higher than HHIC.TO's 0.40% expense ratio.

Dividends

HDIF.TO vs. HHIC.TO - Dividend Comparison

HDIF.TO's dividend yield for the trailing twelve months is around 10.21%, less than HHIC.TO's 10.90% yield.

PositionTTM2025202420232022
HDIF.TO
Harvest Diversified Monthly Income ETF - Class A Units		10.21%9.93%10.15%10.62%8.95%
HHIC.TO
Harvest Canadian High Income Shares ETF		10.90%4.77%0.00%0.00%0.00%

Frequently Asked Questions

HDIF.TO and HHIC.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

HHIC.TO is cheaper with a 0.40% expense ratio, compared with 2.47% for HDIF.TO.

HDIF.TO is categorized as Derivative Income, while HHIC.TO is Canada Equities. Their fees differ too: 2.47% for HDIF.TO and 0.40% for HHIC.TO.

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