HHIH.TO vs. CNQE.TO

Last updated Jun 4, 2026

HHIH.TO (Harvest High Income Equity Shares ETF Class A Units) and CNQE.TO (Harvest CNQ Enhanced High Income Shares ETF) are both Derivative Income funds from Harvest. Both are actively managed. At a correlation of -0.21, they often move in opposite directions. Both charge a 0.40% expense ratio.

Performance

HHIH.TO vs. CNQE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest High Income Equity Shares ETF Class A Units (HHIH.TO) and Harvest CNQ Enhanced High Income Shares ETF (CNQE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HHIH.TO achieves a 7.81% return, which is significantly lower than CNQE.TO's 39.35% return.

HHIH.TO

• 1D: -0.86%
• 1M: 6.32%
• YTD: 7.81%
• 6M: 3.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CNQE.TO

• 1D: 1.83%
• 1M: 3.29%
• YTD: 39.35%
• 6M: 37.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HHIH.TO vs. CNQE.TO - Yearly Performance Comparison

	2026 (YTD)	2025
HHIH.TO Harvest High Income Equity Shares ETF Class A Units	7.81%	6.83%
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	39.35%	13.80%

Correlation

The correlation between HHIH.TO and CNQE.TO is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025	-0.21

Return for Risk

HHIH.TO vs. CNQE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest High Income Equity Shares ETF Class A Units (HHIH.TO) and Harvest CNQ Enhanced High Income Shares ETF (CNQE.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.

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

Sharpe Ratios by Period

	HHIH.TO	CNQE.TO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	2.48	-1.59

Drawdowns

HHIH.TO vs. CNQE.TO - Drawdown Comparison

The maximum HHIH.TO drawdown since its inception was -19.68%, which is greater than CNQE.TO's maximum drawdown of -18.22%. Use the drawdown chart below to compare losses from any high point for HHIH.TO and CNQE.TO.

Drawdown Indicators

	HHIH.TO	CNQE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-19.68%	-18.22%	-1.46%
Current Drawdown Current decline from peak	-2.05%	-6.08%	+4.03%
Average Drawdown Average peak-to-trough decline	-6.87%	-4.12%	-2.75%

Volatility

Volatility by Period

	HHIH.TO	CNQE.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.75%	33.12%	-12.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.75%	33.12%	-12.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.75%	33.12%	-12.37%

HHIH.TO vs. CNQE.TO - Expense Ratio Comparison

Both HHIH.TO and CNQE.TO have an expense ratio of 0.40%.

Dividends

HHIH.TO vs. CNQE.TO - Dividend Comparison

HHIH.TO's dividend yield for the trailing twelve months is around 14.50%, more than CNQE.TO's 9.40% yield.

Position	TTM	2025
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	9.40%	4.42%
HHIH.TO Harvest High Income Equity Shares ETF Class A Units	14.50%	6.37%

Frequently Asked Questions

Can I hold both HHIH.TO and CNQE.TO in my portfolio?

HHIH.TO and CNQE.TO have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HHIH.TO or CNQE.TO?

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HHIH.TO or CNQE.TO?

HHIH.TO and CNQE.TO have the same expense ratio: 0.40% per year.