HHIS.TO vs. TPL

Last updated Jun 14, 2026

HHIS.TO (Harvest Diversified High Income Shares ETF) is Derivative Income fund actively managed by Harvest, while TPL (Texas Pacific Land Corporation) is a stock. Over the past year, HHIS.TO returned 27.04% vs 4.99% for TPL. At a 0.24 correlation, their price movements are largely independent.

Performance

HHIS.TO vs. TPL - Performance Comparison

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

Different Trading Currencies

HHIS.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, HHIS.TO achieves a 4.23% return, which is significantly lower than TPL's 34.96% return.

HHIS.TO

• 1D: -0.18%
• 1M: -2.83%
• YTD: 4.23%
• 6M: 3.47%
• 1Y: 27.04%
• 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)

HHIS.TO vs. TPL - Yearly Performance Comparison

	2026 (YTD)	2025
HHIS.TO Harvest Diversified High Income Shares ETF	4.23%	24.70%
TPL Texas Pacific Land Corporation	34.96%	-39.83%

Correlation

The correlation between HHIS.TO and TPL is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025	0.24

The correlation between HHIS.TO and TPL shifts across timeframes, from 0.10 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HHIS.TO vs. TPL — Risk / Return Rank

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

HHIS.TO

HHIS.TO Risk / Return Rank: 30
HHIS.TO Sharpe Ratio Rank: 35
HHIS.TO Sortino Ratio Rank: 33
HHIS.TO Omega Ratio Rank: 33
HHIS.TO Calmar Ratio Rank: 26
HHIS.TO Martin Ratio Rank: 23

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.

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

This table presents a comparison of risk-adjusted performance metrics for Harvest Diversified High Income Shares ETF (HHIS.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.

	HHIS.TO	TPL	Difference
Sharpe ratio: Return per unit of total volatility	1.11	0.14	+0.97
Sortino ratio: Return per unit of downside risk	1.58	0.53	+1.04
Omega ratio: Gain probability vs. loss probability	1.20	1.07	+0.13
Calmar ratio: Return relative to maximum drawdown	1.08	0.21	+0.87
Martin ratio: Return relative to average drawdown	2.68	0.41	+2.27

HHIS.TO vs. TPL - Sharpe Ratio Comparison

The current HHIS.TO Sharpe Ratio is 1.11, which is higher than the TPL Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of HHIS.TO and TPL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HHIS.TO vs. TPL - Drawdown Comparison

The maximum HHIS.TO drawdown since its inception was -31.83%, smaller than the maximum TPL drawdown of -67.13%. Use the drawdown chart below to compare losses from any high point for HHIS.TO and TPL.

Drawdown Indicators

	HHIS.TO	TPL	Difference
Max Drawdown Largest peak-to-trough decline	-31.83%	-67.13%	+35.30%
Max Drawdown (1Y) Largest decline over 1 year	-24.43%	-30.77%	+6.34%
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	-7.47%	-33.68%	+26.21%
Average Drawdown Average peak-to-trough decline	-8.64%	-21.99%	+13.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.86%	15.95%	-6.09%

Volatility

HHIS.TO vs. TPL - Volatility Comparison

The current volatility for Harvest Diversified High Income Shares ETF (HHIS.TO) is 8.04%, while Texas Pacific Land Corporation (TPL) has a volatility of 14.33%. This indicates that HHIS.TO experiences smaller price fluctuations and is considered to be less risky than TPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HHIS.TO	TPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.04%	14.33%	-6.29%
Volatility (6M) Calculated over the trailing 6-month period	18.09%	38.03%	-19.94%
Volatility (1Y) Calculated over the trailing 1-year period	23.84%	46.95%	-23.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.81%	46.79%	-12.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.81%	47.55%	-13.74%

Dividends

HHIS.TO vs. TPL - Dividend Comparison

HHIS.TO's dividend yield for the trailing twelve months is around 27.93%, more than TPL's 0.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HHIS.TO Harvest Diversified High Income Shares ETF	27.93%	22.88%	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 HHIS.TO and TPL in my portfolio?

HHIS.TO and TPL have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.