HDIF.TO vs. HYLD

Last updated Jun 14, 2026

HDIF.TO (Harvest Diversified Monthly Income ETF - Class A Units) and HYLD (High Yield ETF) are both exchange-traded funds - HDIF.TO is a Derivative Income fund actively managed by Harvest, while HYLD is a High Yield Bonds fund actively managed by Eve Capital. Both are actively managed. At a 0.18 correlation, their price movements are largely independent. HDIF.TO charges 2.47%/yr vs 1.29%/yr for HYLD.

Performance

HDIF.TO vs. HYLD - 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 High Yield ETF (HYLD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HDIF.TO is traded in CAD, while HYLD is traded in USD. To make them comparable, the HYLD values have been converted to CAD using the latest available exchange rates.

Returns By Period

HDIF.TO

• 1D: 0.74%
• 1M: 3.02%
• YTD: 11.43%
• 6M: 12.09%
• 1Y: 28.27%
• 3Y*: 17.71%
• 5Y*: —
• 10Y*: —

HYLD

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

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

HDIF.TO vs. HYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units	11.43%	15.70%	18.44%	12.76%	-14.72%
HYLD High Yield ETF	0.00%	0.00%	0.00%	3.07%	1.02%

Correlation

The correlation between HDIF.TO and HYLD is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Feb 16, 2022	0.18

Return for Risk

HDIF.TO vs. HYLD — 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

HYLD

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. HYLD - 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 High Yield ETF (HYLD). 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	HYLD	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

Drawdown Indicators

	HDIF.TO	HYLD	Difference
Max Drawdown Largest peak-to-trough decline	-24.08%	—	—
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%	—	—
Average Drawdown Average peak-to-trough decline	-6.63%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	—	—

Volatility

Volatility by Period

	HDIF.TO	HYLD	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%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.49%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.49%	—	—

HDIF.TO vs. HYLD - Expense Ratio Comparison

HDIF.TO has a 2.47% expense ratio, which is higher than HYLD's 1.29% expense ratio.

Dividends

HDIF.TO vs. HYLD - Dividend Comparison

HDIF.TO's dividend yield for the trailing twelve months is around 10.23%, while HYLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units	10.23%	9.95%	10.14%	10.59%	8.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HYLD High Yield ETF	0.00%	0.00%	0.00%	4.67%	7.86%	6.45%	7.52%	7.46%	7.97%	7.18%	6.59%	10.87%

Frequently Asked Questions

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

HDIF.TO and HYLD have a correlation of 0.18, 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 HYLD?

On fees, HYLD is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HDIF.TO or HYLD?

HYLD is cheaper with a 1.29% expense ratio, compared with 2.47% for HDIF.TO.

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

HDIF.TO is categorized as Derivative Income, while HYLD is High Yield Bonds. They also come from different issuers: Harvest and Eve Capital. Their fees differ too: 2.47% for HDIF.TO and 1.29% for HYLD.