HXH.TO vs. HPYE.TO

Last updated Jun 14, 2026

HXH.TO (Global X Canadian High Dividend Index Corporate Class ETF) and HPYE.TO (Harvest Premium Yield Enhanced ETF) are both exchange-traded funds - HXH.TO is a Canada Equities fund tracking the Solactive Canadian High Dividend Yield Index, while HPYE.TO is a Derivative Income fund actively managed by Harvest Portfolios Group. HXH.TO is passively managed, while HPYE.TO is actively managed. At a 0.11 correlation, their price movements are largely independent. HXH.TO charges 0.11%/yr vs 0.65%/yr for HPYE.TO.

Performance

HXH.TO vs. HPYE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) and Harvest Premium Yield Enhanced ETF (HPYE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HXH.TO

• 1D: 0.49%
• 1M: 4.48%
• YTD: 22.45%
• 6M: 23.40%
• 1Y: 42.83%
• 3Y*: 21.90%
• 5Y*: 16.47%
• 10Y*: 12.10%

HPYE.TO

• 1D: 0.36%
• 1M: 3.48%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HXH.TO vs. HPYE.TO - Yearly Performance Comparison

	2026 (YTD)
HXH.TO Global X Canadian High Dividend Index Corporate Class ETF	20.20%
HPYE.TO Harvest Premium Yield Enhanced ETF	10.60%

Correlation

The correlation between HXH.TO and HPYE.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 21, 2026	0.11

Return for Risk

HXH.TO vs. HPYE.TO — Risk / Return Rank

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

HXH.TO

HXH.TO Risk / Return Rank: 98
HXH.TO Sharpe Ratio Rank: 98
HXH.TO Sortino Ratio Rank: 98
HXH.TO Omega Ratio Rank: 98
HXH.TO Calmar Ratio Rank: 99
HXH.TO Martin Ratio Rank: 98

HPYE.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

HXH.TO vs. HPYE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) and Harvest Premium Yield Enhanced ETF (HPYE.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.

	HXH.TO	HPYE.TO	Difference
Sharpe ratio: Return per unit of total volatility	5.30	—	—
Sortino ratio: Return per unit of downside risk	7.97	—	—
Omega ratio: Gain probability vs. loss probability	2.14	—	—
Calmar ratio: Return relative to maximum drawdown	17.31	—	—
Martin ratio: Return relative to average drawdown	53.84	—	—

Drawdowns

HXH.TO vs. HPYE.TO - Drawdown Comparison

The maximum HXH.TO drawdown since its inception was -40.80%, which is greater than HPYE.TO's maximum drawdown of -5.51%. Use the drawdown chart below to compare losses from any high point for HXH.TO and HPYE.TO.

Drawdown Indicators

	HXH.TO	HPYE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-40.80%	-5.51%	-35.29%
Max Drawdown (1Y) Largest decline over 1 year	-2.52%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.80%	—	—
Current Drawdown Current decline from peak	0.00%	-0.52%	+0.52%
Average Drawdown Average peak-to-trough decline	-4.85%	-1.35%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	—	—

Volatility

Volatility by Period

	HXH.TO	HPYE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.77%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.25%	12.90%	-4.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.20%	12.90%	-0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.06%	12.90%	+3.16%

HXH.TO vs. HPYE.TO - Expense Ratio Comparison

HXH.TO has a 0.11% expense ratio, which is lower than HPYE.TO's 0.65% expense ratio.

Dividends

HXH.TO vs. HPYE.TO - Dividend Comparison

HXH.TO has not paid dividends to shareholders, while HPYE.TO's dividend yield for the trailing twelve months is around 5.06%.

Position	TTM
HPYE.TO Harvest Premium Yield Enhanced ETF	5.06%
HXH.TO Global X Canadian High Dividend Index Corporate Class ETF	0.00%

Frequently Asked Questions

Can I hold both HXH.TO and HPYE.TO in my portfolio?

HXH.TO and HPYE.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, HXH.TO or HPYE.TO?

On fees, HXH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HXH.TO or HPYE.TO?

HXH.TO is cheaper with a 0.11% expense ratio, compared with 0.65% for HPYE.TO.

What is the main difference between HXH.TO and HPYE.TO?

HXH.TO is categorized as Canada Equities, while HPYE.TO is Derivative Income. They also come from different issuers: Global X and Harvest Portfolios Group. Their fees differ too: 0.11% for HXH.TO and 0.65% for HPYE.TO.