HHIS.TO vs. XIC.TO
HHIS.TO (Harvest Diversified High Income Shares ETF) and XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) are both exchange-traded funds - HHIS.TO is a Derivative Income fund actively managed by Harvest, while XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index. HHIS.TO is actively managed, while XIC.TO is passively managed. Over the past year, HHIS.TO returned 26.39% vs 34.40% for XIC.TO. A 0.56 correlation means they provide meaningful diversification when combined. HHIS.TO charges 0.00%/yr vs 0.06%/yr for XIC.TO.
Performance
HHIS.TO vs. XIC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HHIS.TO achieves a 4.23% return, which is significantly lower than XIC.TO's 11.27% return.
HHIS.TO
- 1D
- -0.18%
- 1M
- -2.59%
- YTD
- 4.23%
- 6M
- 3.47%
- 1Y
- 26.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XIC.TO
- 1D
- 0.79%
- 1M
- 2.89%
- YTD
- 11.27%
- 6M
- 11.99%
- 1Y
- 34.40%
- 3Y*
- 23.86%
- 5Y*
- 14.57%
- 10Y*
- 12.79%
HHIS.TO vs. XIC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HHIS.TO Harvest Diversified High Income Shares ETF | 4.23% | 24.70% |
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 11.27% | 31.08% |
Correlation
The correlation between HHIS.TO and XIC.TO is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025 | 0.56 |
The correlation between HHIS.TO and XIC.TO has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.
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Return for Risk
HHIS.TO vs. XIC.TO — Risk / Return Rank
HHIS.TO
XIC.TO
HHIS.TO vs. XIC.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 iShares Core S&P/TSX Capped Composite Index ETF (XIC.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 | XIC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.47 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 3.72 | -2.64 |
| Martin ratioReturn relative to average drawdown | 2.68 | 17.02 | -14.34 |
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Drawdowns
HHIS.TO vs. XIC.TO - Drawdown Comparison
The maximum HHIS.TO drawdown since its inception was -31.83%, smaller than the maximum XIC.TO drawdown of -47.27%. Use the drawdown chart below to compare losses from any high point for HHIS.TO and XIC.TO.
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Drawdown Indicators
| HHIS.TO | XIC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.83% | -47.27% | +15.44% |
Max Drawdown (1Y)Largest decline over 1 year | -24.43% | -9.29% | -15.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.27% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.21% | — |
Current DrawdownCurrent decline from peak | -7.47% | -0.75% | -6.72% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -6.73% | -1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.86% | 2.03% | +7.83% |
Volatility
HHIS.TO vs. XIC.TO - Volatility Comparison
Harvest Diversified High Income Shares ETF (HHIS.TO) has a higher volatility of 8.04% compared to iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) at 4.53%. This indicates that HHIS.TO's price experiences larger fluctuations and is considered to be riskier than XIC.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 | XIC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 4.53% | +3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 18.09% | 10.73% | +7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.84% | 13.06% | +10.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.81% | 13.21% | +20.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.81% | 14.98% | +18.83% |
HHIS.TO vs. XIC.TO - Expense Ratio Comparison
HHIS.TO has a 0.00% expense ratio, which is lower than XIC.TO's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HHIS.TO vs. XIC.TO - Dividend Comparison
HHIS.TO's dividend yield for the trailing twelve months is around 27.93%, more than XIC.TO's 2.01% 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% |
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 2.01% | 2.23% | 2.64% | 2.96% | 3.10% | 2.45% | 3.03% | 3.01% | 3.19% | 2.49% | 2.72% | 3.21% |
Frequently Asked Questions
HHIS.TO and XIC.TO have a correlation of 0.52, 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 0.06% for XIC.TO.
HHIS.TO is categorized as Derivative Income, while XIC.TO is Canada Equities. They also come from different issuers: Harvest and iShares. Their fees differ too: 0.00% for HHIS.TO and 0.06% for XIC.TO.
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