HHIS.TO vs. PINC.TO
HHIS.TO (Harvest Diversified High Income Shares ETF) and PINC.TO (Purpose Multi-Asset Income Fund) are both Derivative Income funds. Both are actively managed. Over the past year, HHIS.TO returned 9.36% vs 24.52% for PINC.TO. At a 0.11 correlation, their price movements are largely independent. HHIS.TO charges 0.00%/yr vs 1.04%/yr for PINC.TO.
Performance
HHIS.TO vs. PINC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HHIS.TO achieves a 2.42% return, which is significantly lower than PINC.TO's 18.40% return.
HHIS.TO
- 1D
- -0.64%
- 1M
- -0.15%
- 6M
- 2.67%
- YTD
- 2.42%
- 1Y
- 9.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.50%
PINC.TO
- 1D
- 0.57%
- 1M
- 1.74%
- 6M
- 17.22%
- YTD
- 18.40%
- 1Y
- 24.52%
- 3Y*
- 14.69%
- 5Y*
- 6.92%
- 10Y*
- —
- ALL TIME*
- 7.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$10.82M | CA$10.09M | CA$9.97M | |
| CA$10.04K | CA$9.73K | CA$12.47K |
HHIS.TO vs. PINC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HHIS.TO Harvest Diversified High Income Shares ETF | 2.42% | 24.70% |
PINC.TO Purpose Multi-Asset Income Fund | 18.40% | 15.04% |
Correlation
The correlation between HHIS.TO and PINC.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025 | 0.11 |
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Return for Risk
HHIS.TO vs. PINC.TO — Risk / Return Rank
HHIS.TO
PINC.TO
HHIS.TO vs. PINC.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 Purpose Multi-Asset Income Fund (PINC.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.
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.
| HHIS.TO | PINC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.51 | ||
| Sortino ratioReturn per unit of downside risk | -4.87 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.81 | -0.73 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 6.87 | -6.48 |
| Martin ratioReturn relative to average drawdown | 0.93 | 26.66 | -25.73 |
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Drawdowns
HHIS.TO vs. PINC.TO - Drawdown Comparison
The maximum HHIS.TO drawdown since its inception was -31.83%, smaller than the maximum PINC.TO drawdown of -43.84%. Use the drawdown chart below to compare losses from any high point for HHIS.TO and PINC.TO.
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Drawdown Indicators
| HHIS.TO | PINC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.83% | -43.84% | +12.01% |
Max Drawdown (1Y)Largest decline over 1 year | -24.43% | -3.59% | -20.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.48% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.04% | — |
Current DrawdownCurrent decline from peak | -9.08% | 0.00% | -9.08% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -5.81% | -2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.08% | 0.93% | +9.15% |
Volatility
HHIS.TO vs. PINC.TO - Volatility Comparison
Harvest Diversified High Income Shares ETF (HHIS.TO) has a higher volatility of 8.24% compared to Purpose Multi-Asset Income Fund (PINC.TO) at 1.54%. This indicates that HHIS.TO's price experiences larger fluctuations and is considered to be riskier than PINC.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 | PINC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 1.54% | +6.70% |
Volatility (6M)Calculated over the trailing 6-month period | 19.23% | 5.06% | +14.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.01% | 6.35% | +18.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.39% | 8.38% | +25.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.39% | 14.70% | +18.69% |
HHIS.TO vs. PINC.TO - Expense Ratio Comparison
HHIS.TO has a 0.00% expense ratio, which is lower than PINC.TO's 1.04% expense ratio.
Dividends
HHIS.TO vs. PINC.TO - Dividend Comparison
HHIS.TO's dividend yield for the trailing twelve months is around 29.30%, more than PINC.TO's 4.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HHIS.TO Harvest Diversified High Income Shares ETF | 29.30% | 22.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PINC.TO Purpose Multi-Asset Income Fund | 4.37% | 5.05% | 5.48% | 5.78% | 5.51% | 4.60% | 5.33% | 5.06% | 3.66% |
Frequently Asked Questions
HHIS.TO and PINC.TO have a correlation of 0.11, 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 1.04% for PINC.TO.
They also come from different issuers: Harvest and Purpose Investments Inc.. Their fees differ too: 0.00% for HHIS.TO and 1.04% for PINC.TO.
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