HPYE.TO vs. CNQE.TO

Last updated Jun 5, 2026

HPYE.TO (Harvest Premium Yield Enhanced ETF) and CNQE.TO (Harvest CNQ Enhanced High Income Shares ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.30, they often move in opposite directions. HPYE.TO charges 0.65%/yr vs 0.40%/yr for CNQE.TO.

Performance

HPYE.TO vs. CNQE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Premium Yield Enhanced ETF (HPYE.TO) and Harvest CNQ Enhanced High Income Shares ETF (CNQE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HPYE.TO

• 1D: 0.93%
• 1M: 6.56%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CNQE.TO

• 1D: -0.34%
• 1M: 1.72%
• YTD: 38.88%
• 6M: 34.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HPYE.TO vs. CNQE.TO - Yearly Performance Comparison

	2026 (YTD)
HPYE.TO Harvest Premium Yield Enhanced ETF	10.25%
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	29.35%

Correlation

The correlation between HPYE.TO and CNQE.TO is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	-0.30

Return for Risk

HPYE.TO vs. CNQE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Premium Yield Enhanced ETF (HPYE.TO) and Harvest CNQ Enhanced High Income Shares ETF (CNQE.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HPYE.TO	CNQE.TO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.35	2.45	-0.09

Drawdowns

HPYE.TO vs. CNQE.TO - Drawdown Comparison

The maximum HPYE.TO drawdown since its inception was -5.51%, smaller than the maximum CNQE.TO drawdown of -18.22%. Use the drawdown chart below to compare losses from any high point for HPYE.TO and CNQE.TO.

Drawdown Indicators

	HPYE.TO	CNQE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-5.51%	-18.22%	+12.71%
Current Drawdown Current decline from peak	0.00%	-6.40%	+6.40%
Average Drawdown Average peak-to-trough decline	-1.37%	-4.14%	+2.77%

Volatility

Volatility by Period

	HPYE.TO	CNQE.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.93%	33.04%	-20.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.93%	33.04%	-20.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.93%	33.04%	-20.11%

HPYE.TO vs. CNQE.TO - Expense Ratio Comparison

HPYE.TO has a 0.65% expense ratio, which is higher than CNQE.TO's 0.40% expense ratio.

Dividends

HPYE.TO vs. CNQE.TO - Dividend Comparison

HPYE.TO's dividend yield for the trailing twelve months is around 5.03%, less than CNQE.TO's 9.43% yield.

Position	TTM	2025
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	9.43%	4.42%
HPYE.TO Harvest Premium Yield Enhanced ETF	5.03%	0.00%

Frequently Asked Questions

Can I hold both HPYE.TO and CNQE.TO in my portfolio?

HPYE.TO and CNQE.TO have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HPYE.TO or CNQE.TO?

On fees, CNQE.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HPYE.TO or CNQE.TO?

CNQE.TO is cheaper with a 0.40% expense ratio, compared with 0.65% for HPYE.TO.

What is the main difference between HPYE.TO and CNQE.TO?

They also come from different issuers: Harvest Portfolios Group and Harvest. Their fees differ too: 0.65% for HPYE.TO and 0.40% for CNQE.TO.