HYLD vs. EIT-UN.TO

Last updated Jun 14, 2026

HYLD (High Yield ETF) and EIT-UN.TO (Canoe EIT Income Fund) are both funds - HYLD is a High Yield Bonds fund actively managed by Eve Capital, while EIT-UN.TO is a Diversified Portfolio fund actively managed by Canoe. Both are actively managed. At a 0.21 correlation, their price movements are largely independent. HYLD charges 1.29%/yr vs 1.10%/yr for EIT-UN.TO.

Performance

HYLD vs. EIT-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in High Yield ETF (HYLD) and Canoe EIT Income Fund (EIT-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HYLD is traded in USD, while EIT-UN.TO is traded in CAD. To make them comparable, the EIT-UN.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

HYLD

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

EIT-UN.TO

• 1D: 0.39%
• 1M: -0.07%
• YTD: 12.03%
• 6M: 12.98%
• 1Y: 17.49%
• 3Y*: 18.93%
• 5Y*: 13.52%
• 10Y*: 14.92%

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

HYLD vs. EIT-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HYLD High Yield ETF	0.00%	0.00%	0.00%	2.80%	-11.48%	5.41%	3.11%	7.16%	0.25%	8.97%
EIT-UN.TO Canoe EIT Income Fund	12.03%	17.16%	18.00%	8.52%	3.91%	49.10%	10.36%	17.28%	-10.57%	17.51%

Correlation

The correlation between HYLD and EIT-UN.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Dec 1, 2010	0.21

The correlation between HYLD and EIT-UN.TO shifts across timeframes, from 0.09 (3 years) to 0.21 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HYLD vs. EIT-UN.TO — Risk / Return Rank

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

HYLD

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

EIT-UN.TO

EIT-UN.TO Risk / Return Rank: 84
EIT-UN.TO Sharpe Ratio Rank: 84
EIT-UN.TO Sortino Ratio Rank: 85
EIT-UN.TO Omega Ratio Rank: 80
EIT-UN.TO Calmar Ratio Rank: 86
EIT-UN.TO Martin Ratio Rank: 86

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.

HYLD vs. EIT-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for High Yield ETF (HYLD) and Canoe EIT Income Fund (EIT-UN.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.

	HYLD	EIT-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.91	—
Sortino ratio: Return per unit of downside risk	—	2.84	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	2.82	—
Martin ratio: Return relative to average drawdown	—	8.61	—

Drawdowns

Drawdown Indicators

	HYLD	EIT-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	—	-68.21%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.39%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-54.53%	—
Current Drawdown Current decline from peak	—	-1.16%	—
Average Drawdown Average peak-to-trough decline	—	-10.67%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.09%	—

Volatility

Volatility by Period

	HYLD	EIT-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	9.42%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.11%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.02%	—

HYLD vs. EIT-UN.TO - Expense Ratio Comparison

HYLD has a 1.29% expense ratio, which is higher than EIT-UN.TO's 1.10% expense ratio.

Dividends

HYLD vs. EIT-UN.TO - Dividend Comparison

HYLD has not paid dividends to shareholders, while EIT-UN.TO's dividend yield for the trailing twelve months is around 6.88%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIT-UN.TO Canoe EIT Income Fund	6.88%	7.64%	7.90%	9.29%	8.97%	9.08%	12.20%	11.53%	11.65%	10.16%	10.06%	10.71%
HYLD High Yield ETF	0.00%	0.00%	0.00%	4.67%	7.86%	6.45%	7.52%	7.46%	7.97%	7.18%	6.59%	10.87%

Frequently Asked Questions

Can I hold both HYLD and EIT-UN.TO in my portfolio?

HYLD and EIT-UN.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.