HVOI.TO vs. JEPQ.TO

Last updated Aug 5, 2026

HVOI.TO (Harvest Low Volatility Canadian Equity Income ETF Class A) and JEPQ.TO (JPMorgan Nasdaq Equity Premium Income Active ETF) are both exchange-traded funds - HVOI.TO is a Derivative Income fund actively managed by Harvest, while JEPQ.TO is a Nasdaq-100 fund actively managed by JPMorgan. Both are actively managed. Over the past year, HVOI.TO returned 20.16% vs 27.59% for JEPQ.TO. Their 0.10 correlation means their historical movements had little consistent relationship. HVOI.TO charges 0.89%/yr vs 0.35%/yr for JEPQ.TO.

Performance

HVOI.TO vs. JEPQ.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 JPMorgan Nasdaq Equity Premium Income Active ETF (JEPQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HVOI.TO achieves a 11.03% return, which is significantly lower than JEPQ.TO's 13.46% 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%

JEPQ.TO

• 1D: 4.44%
• 1M: 1.56%
• 6M: 12.10%
• YTD: 13.46%
• 1Y: 27.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.83%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A	CA$34.24K	CA$36.50K	CA$47.47K
JEPQ.TO JPMorgan Nasdaq Equity Premium Income Active ETF	CA$2.88M	CA$2.03M	CA$1.55M

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

	2026 (YTD)	2025
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A	11.03%	15.49%
JEPQ.TO JPMorgan Nasdaq Equity Premium Income Active ETF	13.46%	25.92%

Correlation

The correlation between HVOI.TO and JEPQ.TO is 0.11, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.11
Correlation (All Time) Calculated using the full available price history since Apr 15, 2025	0.11

Return for Risk

HVOI.TO vs. JEPQ.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HVOI.TO

HVOI.TO Risk / Return Rank: 84
HVOI.TO Sharpe Ratio Rank: 88
HVOI.TO Sortino Ratio Rank: 89
HVOI.TO Omega Ratio Rank: 88
HVOI.TO Calmar Ratio Rank: 75
HVOI.TO Martin Ratio Rank: 81

JEPQ.TO

JEPQ.TO Risk / Return Rank: 70
JEPQ.TO Sharpe Ratio Rank: 65
JEPQ.TO Sortino Ratio Rank: 65
JEPQ.TO Omega Ratio Rank: 68
JEPQ.TO Calmar Ratio Rank: 75
JEPQ.TO Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HVOI.TO vs. JEPQ.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 Nasdaq Equity Premium Income Active ETF (JEPQ.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	JEPQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.30	1.71	+0.59
Sortino ratio: Return per unit of downside risk	3.35	2.44	+0.92
Omega ratio: Gain probability vs. loss probability	1.43	1.32	+0.11
Calmar ratio: Return relative to maximum drawdown	3.01	2.95	+0.06
Martin ratio: Return relative to average drawdown	12.03	11.18	+0.85

HVOI.TO vs. JEPQ.TO - Sharpe Ratio Comparison

The current HVOI.TO Sharpe Ratio is 2.30, which is higher than the JEPQ.TO Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of HVOI.TO and JEPQ.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HVOI.TO vs. JEPQ.TO - Drawdown Comparison

The maximum HVOI.TO drawdown since its inception was -6.72%, smaller than the maximum JEPQ.TO drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for HVOI.TO and JEPQ.TO.

Drawdown Indicators

	HVOI.TO	JEPQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-6.72%	-20.05%	+13.33%
Max Drawdown (1Y) Largest decline over 1 year	-6.72%	-9.40%	+2.68%
Current Drawdown Current decline from peak	-1.03%	-1.90%	+0.87%
Average Drawdown Average peak-to-trough decline	-0.89%	-3.36%	+2.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	2.47%	-0.79%

Volatility

HVOI.TO vs. JEPQ.TO - Volatility Comparison

The current volatility for Harvest Low Volatility Canadian Equity Income ETF Class A (HVOI.TO) is 2.18%, while JPMorgan Nasdaq Equity Premium Income Active ETF (JEPQ.TO) has a volatility of 7.81%. This indicates that HVOI.TO experiences smaller price fluctuations and is considered to be less risky than JEPQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HVOI.TO	JEPQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.18%	7.81%	-5.63%
Volatility (6M) Calculated over the trailing 6-month period	6.92%	13.88%	-6.96%
Volatility (1Y) Calculated over the trailing 1-year period	8.81%	16.22%	-7.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.31%	18.27%	-9.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.31%	18.27%	-9.96%

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

HVOI.TO has a 0.89% expense ratio, which is higher than JEPQ.TO's 0.35% expense ratio.

Dividends

HVOI.TO vs. JEPQ.TO - Dividend Comparison

HVOI.TO's dividend yield for the trailing twelve months is around 6.69%, less than JEPQ.TO's 10.44% yield.

Position	TTM	2025	2024
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A	6.69%	4.76%	0.00%
JEPQ.TO JPMorgan Nasdaq Equity Premium Income Active ETF	10.44%	10.34%	1.72%

Frequently Asked Questions

Can I hold both HVOI.TO and JEPQ.TO in my portfolio?

HVOI.TO and JEPQ.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HVOI.TO or JEPQ.TO?

On fees, JEPQ.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HVOI.TO or JEPQ.TO?

JEPQ.TO is cheaper with a 0.35% expense ratio, compared with 0.89% for HVOI.TO.

What is the main difference between HVOI.TO and JEPQ.TO?

HVOI.TO is categorized as Derivative Income, while JEPQ.TO is Nasdaq-100. They also come from different issuers: Harvest and JPMorgan. Their fees differ too: 0.89% for HVOI.TO and 0.35% for JEPQ.TO.