HPYT.TO vs. DXQ.TO
HPYT.TO (Harvest Premium Yield Treasury ETF A) and DXQ.TO (Dynamic Active Enhanced Yield Covered Options ETF) are both Derivative Income funds. Both are actively managed. Over the past year, HPYT.TO returned 5.01% vs 19.04% for DXQ.TO. At a 0.05 correlation, their price movements are largely independent. HPYT.TO charges 0.45%/yr vs 0.72%/yr for DXQ.TO.
Performance
HPYT.TO vs. DXQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HPYT.TO achieves a -0.30% return, which is significantly lower than DXQ.TO's 6.80% return.
HPYT.TO
- 1D
- -0.31%
- 1M
- 0.63%
- YTD
- -0.30%
- 6M
- -1.79%
- 1Y
- 5.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DXQ.TO
- 1D
- -0.70%
- 1M
- 2.65%
- YTD
- 6.80%
- 6M
- 5.77%
- 1Y
- 19.04%
- 3Y*
- 17.27%
- 5Y*
- —
- 10Y*
- —
HPYT.TO vs. DXQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HPYT.TO Harvest Premium Yield Treasury ETF A | -0.30% | 4.39% | -5.96% | 4.46% |
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 6.80% | 12.99% | 21.07% | 6.05% |
Correlation
The correlation between HPYT.TO and DXQ.TO is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023 | 0.05 |
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Return for Risk
HPYT.TO vs. DXQ.TO — Risk / Return Rank
HPYT.TO
DXQ.TO
HPYT.TO vs. DXQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Premium Yield Treasury ETF A (HPYT.TO) and Dynamic Active Enhanced Yield Covered Options ETF (DXQ.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.
| HPYT.TO | DXQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.40 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 3.74 | -2.98 |
| Martin ratioReturn relative to average drawdown | 2.06 | 10.46 | -8.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HPYT.TO | DXQ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 2.08 | -1.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 1.61 | -1.53 |
Drawdowns
HPYT.TO vs. DXQ.TO - Drawdown Comparison
The maximum HPYT.TO drawdown since its inception was -13.17%, smaller than the maximum DXQ.TO drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for HPYT.TO and DXQ.TO.
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Drawdown Indicators
| HPYT.TO | DXQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.17% | -15.54% | +2.37% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -5.11% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.54% | — |
Current DrawdownCurrent decline from peak | -7.33% | -0.70% | -6.63% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -1.27% | -4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 1.82% | +0.62% |
Volatility
HPYT.TO vs. DXQ.TO - Volatility Comparison
Harvest Premium Yield Treasury ETF A (HPYT.TO) has a higher volatility of 2.78% compared to Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) at 2.38%. This indicates that HPYT.TO's price experiences larger fluctuations and is considered to be riskier than DXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPYT.TO | DXQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 2.38% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 5.67% | 7.14% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.14% | 9.21% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.87% | 10.92% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.87% | 10.92% | -0.05% |
HPYT.TO vs. DXQ.TO - Expense Ratio Comparison
HPYT.TO has a 0.45% expense ratio, which is lower than DXQ.TO's 0.72% expense ratio.
Dividends
HPYT.TO vs. DXQ.TO - Dividend Comparison
HPYT.TO's dividend yield for the trailing twelve months is around 17.40%, more than DXQ.TO's 7.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 7.77% | 7.45% | 5.74% | 6.54% | 1.83% |
HPYT.TO Harvest Premium Yield Treasury ETF A | 17.40% | 18.87% | 18.61% | 3.71% | 0.00% |
Frequently Asked Questions
HPYT.TO and DXQ.TO 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.
On fees, HPYT.TO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HPYT.TO is cheaper with a 0.45% expense ratio, compared with 0.72% for DXQ.TO.
They also come from different issuers: Harvest and Dynamic. Their fees differ too: 0.45% for HPYT.TO and 0.72% for DXQ.TO.
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