HHIS.TO vs. BANK.TO
HHIS.TO (Harvest Diversified High Income Shares ETF) and BANK.TO (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) are both Derivative Income funds. HHIS.TO is actively managed, while BANK.TO is passively managed. Over the past year, HHIS.TO returned 31.98% vs 55.24% for BANK.TO. At a 0.42 correlation, their price movements are largely independent. HHIS.TO charges 0.00%/yr vs 0.60%/yr for BANK.TO.
Performance
HHIS.TO vs. BANK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HHIS.TO achieves a 9.32% return, which is significantly lower than BANK.TO's 17.36% return.
HHIS.TO
- 1D
- -1.25%
- 1M
- 7.52%
- YTD
- 9.32%
- 6M
- 4.61%
- 1Y
- 31.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BANK.TO
- 1D
- -0.47%
- 1M
- 6.16%
- YTD
- 17.36%
- 6M
- 23.52%
- 1Y
- 55.24%
- 3Y*
- 31.96%
- 5Y*
- —
- 10Y*
- —
HHIS.TO vs. BANK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HHIS.TO Harvest Diversified High Income Shares ETF | 9.32% | 24.40% |
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 17.36% | 41.53% |
Correlation
The correlation between HHIS.TO and BANK.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2025 | 0.42 |
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Return for Risk
HHIS.TO vs. BANK.TO — Risk / Return Rank
HHIS.TO
BANK.TO
HHIS.TO vs. BANK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Diversified High Income Shares ETF (HHIS.TO) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.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.
| HHIS.TO | BANK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.22 | ||
| Sortino ratioReturn per unit of downside risk | -4.39 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.85 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 6.75 | -5.43 |
| Martin ratioReturn relative to average drawdown | 3.27 | 29.78 | -26.51 |
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
| HHIS.TO | BANK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 4.59 | -3.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.08 | -0.33 |
Drawdowns
HHIS.TO vs. BANK.TO - Drawdown Comparison
The maximum HHIS.TO drawdown since its inception was -31.83%, which is greater than BANK.TO's maximum drawdown of -29.03%. Use the drawdown chart below to compare losses from any high point for HHIS.TO and BANK.TO.
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Drawdown Indicators
| HHIS.TO | BANK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.83% | -29.03% | -2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -24.43% | -8.23% | -16.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.49% | — |
Current DrawdownCurrent decline from peak | -2.95% | -1.16% | -1.79% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -8.81% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.79% | 1.86% | +7.93% |
Volatility
HHIS.TO vs. BANK.TO - Volatility Comparison
Harvest Diversified High Income Shares ETF (HHIS.TO) has a higher volatility of 5.51% compared to Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) at 4.28%. This indicates that HHIS.TO's price experiences larger fluctuations and is considered to be riskier than BANK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HHIS.TO | BANK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 4.28% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 16.97% | 10.45% | +6.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.36% | 12.09% | +11.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.78% | 15.65% | +18.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.78% | 15.65% | +18.13% |
HHIS.TO vs. BANK.TO - Expense Ratio Comparison
HHIS.TO has a 0.00% expense ratio, which is lower than BANK.TO's 0.60% expense ratio.
Dividends
HHIS.TO vs. BANK.TO - Dividend Comparison
HHIS.TO's dividend yield for the trailing twelve months is around 26.63%, more than BANK.TO's 13.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 13.02% | 13.73% | 15.28% | 13.60% | 10.52% |
HHIS.TO Harvest Diversified High Income Shares ETF | 26.63% | 22.88% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HHIS.TO and BANK.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HHIS.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HHIS.TO is cheaper with a 0.00% expense ratio, compared with 0.60% for BANK.TO.
They also come from different issuers: Harvest and Evolve. Their fees differ too: 0.00% for HHIS.TO and 0.60% for BANK.TO.
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