HDIF.TO vs. JEPI.TO
HDIF.TO (Harvest Diversified Monthly Income ETF - Class A Units) and JEPI.TO (JPMorgan US Equity Premium Income Active ETF) are both Derivative Income funds. Both are actively managed. Over the past year, HDIF.TO returned 28.86% vs 9.33% for JEPI.TO. A 0.65 correlation means they provide meaningful diversification when combined. HDIF.TO charges 2.47%/yr vs 0.35%/yr for JEPI.TO.
Performance
HDIF.TO vs. JEPI.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 higher than JEPI.TO's 1.48% return.
HDIF.TO
- 1D
- -0.73%
- 1M
- 6.52%
- YTD
- 11.54%
- 6M
- 12.52%
- 1Y
- 28.86%
- 3Y*
- 18.30%
- 5Y*
- —
- 10Y*
- —
JEPI.TO
- 1D
- 0.57%
- 1M
- 0.42%
- YTD
- 1.48%
- 6M
- 0.23%
- 1Y
- 9.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDIF.TO vs. JEPI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | 11.54% | 15.61% | 1.76% |
JEPI.TO JPMorgan US Equity Premium Income Active ETF | 1.48% | 3.09% | 7.35% |
Correlation
The correlation between HDIF.TO and JEPI.TO is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024 | 0.65 |
The correlation between HDIF.TO and JEPI.TO has been stable across timeframes, ranging from 0.55 to 0.65 - a consistent structural relationship.
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Return for Risk
HDIF.TO vs. JEPI.TO — Risk / Return Rank
HDIF.TO
JEPI.TO
HDIF.TO vs. JEPI.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 JPMorgan US Equity Premium Income Active ETF (JEPI.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 | JEPI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.17 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 1.76 | +1.54 |
| Martin ratioReturn relative to average drawdown | 13.66 | 4.49 | +9.18 |
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 | JEPI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | 0.94 | +1.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.56 | -0.03 |
Drawdowns
HDIF.TO vs. JEPI.TO - Drawdown Comparison
The maximum HDIF.TO drawdown since its inception was -24.07%, which is greater than JEPI.TO's maximum drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for HDIF.TO and JEPI.TO.
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Drawdown Indicators
| HDIF.TO | JEPI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.07% | -14.36% | -9.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -5.32% | -3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -19.60% | — | — |
Current DrawdownCurrent decline from peak | -0.73% | -3.06% | +2.33% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -3.38% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.08% | +0.04% |
Volatility
HDIF.TO vs. JEPI.TO - Volatility Comparison
Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) has a higher volatility of 3.50% compared to JPMorgan US Equity Premium Income Active ETF (JEPI.TO) at 2.14%. This indicates that HDIF.TO's price experiences larger fluctuations and is considered to be riskier than JEPI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDIF.TO | JEPI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 2.14% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 7.68% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.67% | 9.92% | +2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.49% | 12.92% | +4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 12.92% | +4.57% |
HDIF.TO vs. JEPI.TO - Expense Ratio Comparison
HDIF.TO has a 2.47% expense ratio, which is higher than JEPI.TO's 0.35% expense ratio.
Dividends
HDIF.TO vs. JEPI.TO - Dividend Comparison
HDIF.TO's dividend yield for the trailing twelve months is around 10.21%, more than JEPI.TO's 7.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | 10.21% | 9.93% | 10.15% | 10.62% | 8.95% |
JEPI.TO JPMorgan US Equity Premium Income Active ETF | 7.90% | 7.56% | 3.91% | 0.00% | 0.00% |
Frequently Asked Questions
HDIF.TO and JEPI.TO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEPI.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEPI.TO is cheaper with a 0.35% expense ratio, compared with 2.47% for HDIF.TO.
They also come from different issuers: Harvest and JPMorgan. Their fees differ too: 2.47% for HDIF.TO and 0.35% for JEPI.TO.
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