HVOI.TO vs. CANY.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Harvest Low Volatility Canadian Equity Income ETF Class A (HVOI.TO) and Evolve Canadian Equity UltraYield ETF (CANY.TO).

HVOI.TO and CANY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HVOI.TO is an actively managed fund by Harvest. It was launched on Apr 11, 2025. CANY.TO is an actively managed fund by Evolve. It was launched on Sep 17, 2025.

Performance

HVOI.TO vs. CANY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Low Volatility Canadian Equity Income ETF Class A (HVOI.TO) and Evolve Canadian Equity UltraYield ETF (CANY.TO). The values are adjusted to include any dividend payments, if applicable.

HVOI.TO vs. CANY.TO - Yearly Performance Comparison

	2026 (YTD)	2025
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A	2.01%	4.98%
CANY.TO Evolve Canadian Equity UltraYield ETF	1.68%	5.75%

Returns By Period

In the year-to-date period, HVOI.TO achieves a 2.01% return, which is significantly higher than CANY.TO's 1.68% return.

HVOI.TO

• 1D: 0.30%
• 1M: -3.75%
• YTD: 2.01%
• 6M: 5.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CANY.TO

• 1D: -0.04%
• 1M: -3.87%
• YTD: 1.68%
• 6M: 6.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HVOI.TO vs. CANY.TO - Expense Ratio Comparison

CANY.TO

Evolve Canadian Equity UltraYield ETF

Return for Risk

HVOI.TO vs. CANY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Low Volatility Canadian Equity Income ETF Class A (HVOI.TO) and Evolve Canadian Equity UltraYield ETF (CANY.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

	HVOI.TO	CANY.TO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.18	0.82	+1.37

Correlation

The correlation between HVOI.TO and CANY.TO is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HVOI.TO vs. CANY.TO - Dividend Comparison

HVOI.TO's dividend yield for the trailing twelve months is around 6.53%, less than CANY.TO's 11.28% yield.

	TTM	2025
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A	6.53%	4.76%
CANY.TO Evolve Canadian Equity UltraYield ETF	11.28%	5.87%

Drawdowns

HVOI.TO vs. CANY.TO - Drawdown Comparison

The maximum HVOI.TO drawdown since its inception was -6.72%, smaller than the maximum CANY.TO drawdown of -8.34%. Use the drawdown chart below to compare losses from any high point for HVOI.TO and CANY.TO.

Drawdown Indicators

	HVOI.TO	CANY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-6.72%	-8.34%	+1.62%
Current Drawdown Current decline from peak	-4.02%	-3.87%	-0.15%
Average Drawdown Average peak-to-trough decline	-0.80%	-2.49%	+1.69%

Volatility

Volatility by Period

	HVOI.TO	CANY.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	8.43%	17.96%	-9.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.43%	17.96%	-9.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.43%	17.96%	-9.53%