HPYE.TO vs. CRCY.TO

Last updated Jun 4, 2026

HPYE.TO (Harvest Premium Yield Enhanced ETF) and CRCY.TO (Harvest Circle Enhanced High Income Shares ETF Class A Units) are both Derivative Income funds. Both are actively managed. At a 0.31 correlation, their price movements are largely independent.

Performance

HPYE.TO vs. CRCY.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 Circle Enhanced High Income Shares ETF Class A Units (CRCY.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HPYE.TO

• 1D: 0.40%
• 1M: 6.39%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRCY.TO

• 1D: -11.55%
• 1M: -21.98%
• YTD: 3.77%
• 6M: -5.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)
HPYE.TO Harvest Premium Yield Enhanced ETF	9.24%
CRCY.TO Harvest Circle Enhanced High Income Shares ETF Class A Units	12.21%

Correlation

The correlation between HPYE.TO and CRCY.TO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	0.31

Return for Risk

HPYE.TO vs. CRCY.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 Circle Enhanced High Income Shares ETF Class A Units (CRCY.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	CRCY.TO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.13	-0.52	+2.65

Drawdowns

HPYE.TO vs. CRCY.TO - Drawdown Comparison

The maximum HPYE.TO drawdown since its inception was -5.51%, smaller than the maximum CRCY.TO drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for HPYE.TO and CRCY.TO.

Drawdown Indicators

	HPYE.TO	CRCY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-5.51%	-73.84%	+68.33%
Current Drawdown Current decline from peak	0.00%	-53.07%	+53.07%
Average Drawdown Average peak-to-trough decline	-1.39%	-45.97%	+44.58%

Volatility

Volatility by Period

	HPYE.TO	CRCY.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.93%	110.39%	-97.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.93%	110.39%	-97.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.93%	110.39%	-97.46%

Dividends

HPYE.TO vs. CRCY.TO - Dividend Comparison

HPYE.TO's dividend yield for the trailing twelve months is around 5.08%, less than CRCY.TO's 44.81% yield.

Position	TTM	2025
CRCY.TO Harvest Circle Enhanced High Income Shares ETF Class A Units	44.81%	17.09%
HPYE.TO Harvest Premium Yield Enhanced ETF	5.08%	0.00%

Frequently Asked Questions

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

HPYE.TO and CRCY.TO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

They also come from different issuers: Harvest Portfolios Group and Harvest.