HVOI.TO vs. HPF.TO
HVOI.TO (Harvest Low Volatility Canadian Equity Income ETF Class A) and HPF.TO (Harvest Energy Leaders Income ETF – Class A Units) are both exchange-traded funds - HVOI.TO is a Derivative Income fund actively managed by Harvest, while HPF.TO is a Energy Equities fund actively managed by Harvest. Both are actively managed. Over the past year, HVOI.TO returned 20.16% vs 44.78% for HPF.TO. Their -0.03 correlation means they have often moved in opposite directions in the past. HVOI.TO charges 0.89%/yr vs 0.99%/yr for HPF.TO.
Performance
HVOI.TO vs. HPF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HVOI.TO achieves a 11.03% return, which is significantly lower than HPF.TO's 34.39% return.
HVOI.TO
- 1D
- 0.28%
- 1M
- 1.05%
- 6M
- 11.45%
- YTD
- 11.03%
- 1Y
- 20.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 21.02%
HPF.TO
- 1D
- -2.27%
- 1M
- 11.59%
- 6M
- 22.42%
- YTD
- 34.39%
- 1Y
- 44.78%
- 3Y*
- 13.75%
- 5Y*
- 17.41%
- 10Y*
- 5.59%
- ALL TIME*
- 1.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$27.78K | CA$29.40K | CA$55.91K | |
| CA$34.24K | CA$36.50K | CA$47.47K |
HVOI.TO vs. HPF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A | 11.03% | 15.49% |
HPF.TO Harvest Energy Leaders Income ETF – Class A Units | 34.39% | 19.28% |
Correlation
The correlation between HVOI.TO and HPF.TO is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2025 | -0.03 |
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Return for Risk
HVOI.TO vs. HPF.TO — Risk / Return Rank
HVOI.TO
HPF.TO
HVOI.TO vs. HPF.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 Harvest Energy Leaders Income ETF – Class A Units (HPF.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HVOI.TO | HPF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 3.75 | -0.73 |
| Martin ratioReturn relative to average drawdown | 12.03 | 11.09 | +0.94 |
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Drawdowns
HVOI.TO vs. HPF.TO - Drawdown Comparison
The maximum HVOI.TO drawdown since its inception was -6.72%, smaller than the maximum HPF.TO drawdown of -72.97%. Use the drawdown chart below to compare losses from any high point for HVOI.TO and HPF.TO.
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Drawdown Indicators
| HVOI.TO | HPF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.72% | -72.97% | +66.25% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -12.01% | +5.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.11% | — |
Current DrawdownCurrent decline from peak | -1.03% | -2.27% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -26.17% | +25.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 4.05% | -2.37% |
Volatility
HVOI.TO vs. HPF.TO - Volatility Comparison
The current volatility for Harvest Low Volatility Canadian Equity Income ETF Class A (HVOI.TO) is 2.18%, while Harvest Energy Leaders Income ETF – Class A Units (HPF.TO) has a volatility of 6.72%. This indicates that HVOI.TO experiences smaller price fluctuations and is considered to be less risky than HPF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HVOI.TO | HPF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 6.72% | -4.54% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 16.51% | -9.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.81% | 20.04% | -11.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 23.55% | -15.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.31% | 28.03% | -19.72% |
HVOI.TO vs. HPF.TO - Expense Ratio Comparison
HVOI.TO has a 0.89% expense ratio, which is lower than HPF.TO's 0.99% expense ratio.
Dividends
HVOI.TO vs. HPF.TO - Dividend Comparison
HVOI.TO's dividend yield for the trailing twelve months is around 6.69%, less than HPF.TO's 7.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPF.TO Harvest Energy Leaders Income ETF – Class A Units | 7.75% | 9.93% | 9.80% | 8.75% | 6.58% | 4.61% | 15.32% | 8.74% | 8.78% | 12.87% | 13.58% | 13.31% |
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A | 6.69% | 4.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HVOI.TO and HPF.TO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HVOI.TO is cheaper at 0.89% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HVOI.TO is cheaper with a 0.89% expense ratio, compared with 0.99% for HPF.TO.
HVOI.TO is categorized as Derivative Income, while HPF.TO is Energy Equities. Their fees differ too: 0.89% for HVOI.TO and 0.99% for HPF.TO.
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