HVOI.TO vs. JEPI.TO
HVOI.TO (Harvest Low Volatility Canadian Equity Income ETF Class A) and JEPI.TO (JPMorgan US Equity Premium Income Active ETF) are both Derivative Income funds. Both are actively managed. Over the past year, HVOI.TO returned 20.16% vs 14.11% for JEPI.TO. Their 0.38 correlation means their historical movements had little consistent relationship. HVOI.TO charges 0.89%/yr vs 0.35%/yr for JEPI.TO.
Performance
HVOI.TO vs. JEPI.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 higher than JEPI.TO's 7.81% 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%
JEPI.TO
- 1D
- 0.86%
- 1M
- 1.21%
- 6M
- 5.88%
- YTD
- 7.81%
- 1Y
- 14.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$34.24K | CA$36.50K | CA$47.47K | |
| CA$563.89K | CA$549.21K | CA$768.20K |
HVOI.TO vs. JEPI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A | 11.03% | 15.49% |
JEPI.TO JPMorgan US Equity Premium Income Active ETF | 7.81% | 10.97% |
Correlation
The correlation between HVOI.TO and JEPI.TO is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2025 | 0.38 |
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Return for Risk
HVOI.TO vs. JEPI.TO — Risk / Return Rank
HVOI.TO
JEPI.TO
HVOI.TO vs. JEPI.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 JPMorgan US Equity Premium Income Active ETF (JEPI.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 | JEPI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.26 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 2.66 | +0.35 |
| Martin ratioReturn relative to average drawdown | 12.03 | 6.69 | +5.34 |
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Drawdowns
HVOI.TO vs. JEPI.TO - Drawdown Comparison
The maximum HVOI.TO drawdown since its inception was -6.72%, smaller than the maximum JEPI.TO drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for HVOI.TO and JEPI.TO.
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Drawdown Indicators
| HVOI.TO | JEPI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.72% | -14.36% | +7.64% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -5.32% | -1.40% |
Current DrawdownCurrent decline from peak | -1.03% | 0.00% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -3.15% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 2.11% | -0.43% |
Volatility
HVOI.TO vs. JEPI.TO - Volatility Comparison
The current volatility for Harvest Low Volatility Canadian Equity Income ETF Class A (HVOI.TO) is 2.18%, while JPMorgan US Equity Premium Income Active ETF (JEPI.TO) has a volatility of 2.89%. This indicates that HVOI.TO experiences smaller price fluctuations and is considered to be less risky than JEPI.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 | JEPI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 2.89% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 6.98% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.81% | 9.92% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 12.54% | -4.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.31% | 12.54% | -4.23% |
HVOI.TO vs. JEPI.TO - Expense Ratio Comparison
HVOI.TO has a 0.89% expense ratio, which is higher than JEPI.TO's 0.35% expense ratio.
Dividends
HVOI.TO vs. JEPI.TO - Dividend Comparison
HVOI.TO's dividend yield for the trailing twelve months is around 6.69%, more than JEPI.TO's 6.56% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A | 6.69% | 4.76% | 0.00% |
JEPI.TO JPMorgan US Equity Premium Income Active ETF | 6.56% | 7.56% | 0.97% |
Frequently Asked Questions
HVOI.TO and JEPI.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEPI.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEPI.TO is cheaper with a 0.35% expense ratio, compared with 0.89% for HVOI.TO.
They also come from different issuers: Harvest and JPMorgan. Their fees differ too: 0.89% for HVOI.TO and 0.35% for JEPI.TO.
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