HDIF.TO vs. HPYE.TO

Last updated Jun 14, 2026

HDIF.TO (Harvest Diversified Monthly Income ETF - Class A Units) and HPYE.TO (Harvest Premium Yield Enhanced ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. HDIF.TO charges 2.47%/yr vs 0.65%/yr for HPYE.TO.

Performance

HDIF.TO vs. HPYE.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 Premium Yield Enhanced ETF (HPYE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HDIF.TO

• 1D: 0.74%
• 1M: 4.15%
• YTD: 11.43%
• 6M: 12.09%
• 1Y: 28.27%
• 3Y*: 17.71%
• 5Y*: —
• 10Y*: —

HPYE.TO

• 1D: 0.36%
• 1M: 3.48%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units	11.67%
HPYE.TO Harvest Premium Yield Enhanced ETF	10.60%

Correlation

The correlation between HDIF.TO and HPYE.TO is 0.82, 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 Jan 21, 2026	0.82

Return for Risk

HDIF.TO vs. HPYE.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: 73
HDIF.TO Sharpe Ratio Rank: 74
HDIF.TO Sortino Ratio Rank: 72
HDIF.TO Omega Ratio Rank: 74
HDIF.TO Calmar Ratio Rank: 70
HDIF.TO Martin Ratio Rank: 76

HPYE.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. HPYE.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 Premium Yield Enhanced ETF (HPYE.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.

	HDIF.TO	HPYE.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.07	—	—
Sortino ratio: Return per unit of downside risk	2.81	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.06	—	—
Martin ratio: Return relative to average drawdown	12.56	—	—

Drawdowns

HDIF.TO vs. HPYE.TO - Drawdown Comparison

The maximum HDIF.TO drawdown since its inception was -24.08%, which is greater than HPYE.TO's maximum drawdown of -5.51%. Use the drawdown chart below to compare losses from any high point for HDIF.TO and HPYE.TO.

Drawdown Indicators

	HDIF.TO	HPYE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-24.08%	-5.51%	-18.57%
Max Drawdown (1Y) Largest decline over 1 year	-8.79%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.59%	—	—
Current Drawdown Current decline from peak	-0.84%	-0.52%	-0.32%
Average Drawdown Average peak-to-trough decline	-6.63%	-1.35%	-5.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	—	—

Volatility

Volatility by Period

	HDIF.TO	HPYE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.99%	12.90%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.49%	12.90%	+4.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.49%	12.90%	+4.59%

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

HDIF.TO has a 2.47% expense ratio, which is higher than HPYE.TO's 0.65% expense ratio.

Dividends

HDIF.TO vs. HPYE.TO - Dividend Comparison

HDIF.TO's dividend yield for the trailing twelve months is around 10.23%, more than HPYE.TO's 5.06% yield.

Position	TTM	2025	2024	2023	2022
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units	10.23%	9.95%	10.14%	10.59%	8.93%
HPYE.TO Harvest Premium Yield Enhanced ETF	5.06%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HDIF.TO and HPYE.TO in my portfolio?

HDIF.TO and HPYE.TO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HDIF.TO or HPYE.TO?

On fees, HPYE.TO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HDIF.TO or HPYE.TO?

HPYE.TO is cheaper with a 0.65% expense ratio, compared with 2.47% for HDIF.TO.

What is the main difference between HDIF.TO and HPYE.TO?

They also come from different issuers: Harvest and Harvest Portfolios Group. Their fees differ too: 2.47% for HDIF.TO and 0.65% for HPYE.TO.