HHIC.TO vs. TPL

Last updated Jun 14, 2026

HHIC.TO (Harvest Canadian High Income Shares ETF) is Canada Equities fund actively managed by Harvest, while TPL (Texas Pacific Land Corporation) is a stock. At a 0.26 correlation, their price movements are largely independent.

Performance

HHIC.TO vs. TPL - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Canadian High Income Shares ETF (HHIC.TO) and Texas Pacific Land Corporation (TPL). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, HHIC.TO achieves a 12.03% return, which is significantly lower than TPL's 34.96% return.

HHIC.TO

• 1D: 0.93%
• 1M: 2.73%
• YTD: 12.03%
• 6M: 13.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TPL

• 1D: 2.72%
• 1M: 0.31%
• YTD: 34.96%
• 6M: 37.85%
• 1Y: 4.99%
• 3Y*: 40.13%
• 5Y*: 22.29%
• 10Y*: 37.75%

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

HHIC.TO vs. TPL - Yearly Performance Comparison

	2026 (YTD)	2025
HHIC.TO Harvest Canadian High Income Shares ETF	12.03%	16.60%
TPL Texas Pacific Land Corporation	34.96%	-4.55%

Correlation

The correlation between HHIC.TO and TPL is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 21, 2025	0.26

Return for Risk

HHIC.TO vs. TPL — Risk / Return Rank

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

HHIC.TO

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

TPL

TPL Risk / Return Rank: 45
TPL Sharpe Ratio Rank: 46
TPL Sortino Ratio Rank: 43
TPL Omega Ratio Rank: 43
TPL Calmar Ratio Rank: 46
TPL Martin Ratio Rank: 45

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.

HHIC.TO vs. TPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Canadian High Income Shares ETF (HHIC.TO) and Texas Pacific Land Corporation (TPL). 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.

	HHIC.TO	TPL	Difference
Sharpe ratio: Return per unit of total volatility	—	0.14	—
Sortino ratio: Return per unit of downside risk	—	0.53	—
Omega ratio: Gain probability vs. loss probability	—	1.07	—
Calmar ratio: Return relative to maximum drawdown	—	0.21	—
Martin ratio: Return relative to average drawdown	—	0.41	—

Drawdowns

HHIC.TO vs. TPL - Drawdown Comparison

The maximum HHIC.TO drawdown since its inception was -7.30%, smaller than the maximum TPL drawdown of -67.13%. Use the drawdown chart below to compare losses from any high point for HHIC.TO and TPL.

Drawdown Indicators

	HHIC.TO	TPL	Difference
Max Drawdown Largest peak-to-trough decline	-7.30%	-67.13%	+59.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.77%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-52.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-53.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-62.93%	—
Current Drawdown Current decline from peak	-2.35%	-33.68%	+31.33%
Average Drawdown Average peak-to-trough decline	-1.52%	-21.99%	+20.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.95%	—

Volatility

Volatility by Period

	HHIC.TO	TPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	38.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.93%	46.95%	-30.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.93%	46.79%	-29.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.93%	47.55%	-30.62%

Dividends

HHIC.TO vs. TPL - Dividend Comparison

HHIC.TO's dividend yield for the trailing twelve months is around 11.06%, more than TPL's 0.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HHIC.TO Harvest Canadian High Income Shares ETF	11.06%	4.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TPL Texas Pacific Land Corporation	0.60%	0.74%	1.37%	0.83%	1.37%	0.88%	2.20%	0.22%	0.55%	0.30%	0.10%	0.22%

Frequently Asked Questions

Can I hold both HHIC.TO and TPL in my portfolio?

HHIC.TO and TPL have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.