Correlation
The correlation between HHIS.TO and ZCN.TO is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
HHIS.TO vs. ZCN.TO
Compare and contrast key facts about Harvest Diversified High Income Shares ETF (HHIS.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.TO).
HHIS.TO and ZCN.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HHIS.TO is an actively managed fund by Harvest. It was launched on Jan 16, 2025. ZCN.TO is a passively managed fund by BMO that tracks the performance of the S&P/TSX Capped Composite Index. It was launched on May 29, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HHIS.TO or ZCN.TO.
Performance
HHIS.TO vs. ZCN.TO - Performance Comparison
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Key characteristics
HHIS.TO:
52.79%
ZCN.TO:
14.20%
HHIS.TO:
-31.83%
ZCN.TO:
-37.18%
HHIS.TO:
-7.30%
ZCN.TO:
-0.37%
Returns By Period
HHIS.TO
N/A
8.91%
N/A
N/A
N/A
N/A
N/A
ZCN.TO
6.93%
5.69%
3.36%
20.93%
11.48%
14.89%
8.88%
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HHIS.TO vs. ZCN.TO - Expense Ratio Comparison
HHIS.TO has a 0.00% expense ratio, which is lower than ZCN.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%.
Risk-Adjusted Performance
HHIS.TO vs. ZCN.TO — Risk-Adjusted Performance Rank
HHIS.TO
ZCN.TO
HHIS.TO vs. ZCN.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Diversified High Income Shares ETF (HHIS.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.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.
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Dividends
HHIS.TO vs. ZCN.TO - Dividend Comparison
HHIS.TO's dividend yield for the trailing twelve months is around 8.80%, more than ZCN.TO's 2.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HHIS.TO Harvest Diversified High Income Shares ETF | 8.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZCN.TO BMO S&P/TSX Capped Composite Index ETF | 2.62% | 2.78% | 3.29% | 3.27% | 2.74% | 3.24% | 3.13% | 3.16% | 2.71% | 2.84% | 3.33% | 2.66% |
Drawdowns
HHIS.TO vs. ZCN.TO - Drawdown Comparison
The maximum HHIS.TO drawdown since its inception was -31.83%, smaller than the maximum ZCN.TO drawdown of -37.18%. Use the drawdown chart below to compare losses from any high point for HHIS.TO and ZCN.TO.
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Volatility
HHIS.TO vs. ZCN.TO - Volatility Comparison
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