HVOI.TO vs. XIC.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Harvest Low Volatility Canadian Equity Income ETF Class A (HVOI.TO) and iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO).

HVOI.TO and XIC.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. XIC.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Feb 16, 2001.

Performance

HVOI.TO vs. XIC.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 iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A	1.09%	15.20%
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF	3.89%	34.07%

Returns By Period

In the year-to-date period, HVOI.TO achieves a 1.09% return, which is significantly lower than XIC.TO's 3.89% return.

HVOI.TO

• 1D: 0.83%
• 1M: -4.88%
• YTD: 1.09%
• 6M: 4.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XIC.TO

• 1D: 2.55%
• 1M: -4.36%
• YTD: 3.89%
• 6M: 10.31%
• 1Y: 34.58%
• 3Y*: 21.07%
• 5Y*: 14.44%
• 10Y*: 12.45%

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

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

XIC.TO

iShares Core S&P/TSX Capped Composite Index ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XIC.TO

XIC.TO Risk / Return Rank: 94
XIC.TO Sharpe Ratio Rank: 95
XIC.TO Sortino Ratio Rank: 94
XIC.TO Omega Ratio Rank: 95
XIC.TO Calmar Ratio Rank: 92
XIC.TO Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HVOI.TO vs. XIC.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 iShares Core S&P/TSX Capped Composite Index ETF (XIC.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	XIC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.27	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.11	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.08	0.53	+1.55

Correlation

The correlation between HVOI.TO and XIC.TO is 0.68, 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. XIC.TO - Dividend Comparison

HVOI.TO's dividend yield for the trailing twelve months is around 5.95%, more than XIC.TO's 2.16% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A	5.95%	4.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF	2.16%	2.23%	2.64%	2.95%	3.10%	2.44%	3.03%	3.01%	3.19%	2.49%	2.72%	3.21%

Drawdowns

HVOI.TO vs. XIC.TO - Drawdown Comparison

The maximum HVOI.TO drawdown since its inception was -6.72%, smaller than the maximum XIC.TO drawdown of -48.21%. Use the drawdown chart below to compare losses from any high point for HVOI.TO and XIC.TO.

Drawdown Indicators

	HVOI.TO	XIC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-6.72%	-48.21%	+41.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.98%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.24%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.21%	—
Current Drawdown Current decline from peak	-4.88%	-4.95%	+0.07%
Average Drawdown Average peak-to-trough decline	-0.79%	-7.08%	+6.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.44%	—

Volatility

Volatility by Period

	HVOI.TO	XIC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.98%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.37%	15.30%	-6.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.37%	13.07%	-4.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.37%	14.93%	-6.56%