INAI.TO vs. HTAE.TO

Last updated Jun 26, 2026

INAI.TO (Invesco Morningstar Global Next Gen AI Index ETF) and HTAE.TO (Harvest Tech Achievers Enhanced Income ETF - Class A Units) are both Technology Equities funds. INAI.TO is passively managed, while HTAE.TO is actively managed. Over the past year, INAI.TO returned 45.94% vs 41.64% for HTAE.TO. A 0.60 correlation means they provide meaningful diversification when combined. INAI.TO charges 0.60%/yr vs 2.49%/yr for HTAE.TO.

Performance

INAI.TO vs. HTAE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco Morningstar Global Next Gen AI Index ETF (INAI.TO) and Harvest Tech Achievers Enhanced Income ETF - Class A Units (HTAE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INAI.TO achieves a 29.24% return, which is significantly higher than HTAE.TO's 26.90% return.

INAI.TO

• 1D: -0.37%
• 1M: 0.22%
• YTD: 29.24%
• 6M: 18.41%
• 1Y: 45.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HTAE.TO

• 1D: 2.35%
• 1M: 3.02%
• YTD: 26.90%
• 6M: 26.01%
• 1Y: 41.64%
• 3Y*: 30.10%
• 5Y*: —
• 10Y*: —

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

INAI.TO vs. HTAE.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
INAI.TO Invesco Morningstar Global Next Gen AI Index ETF	29.24%	24.92%	36.26%
HTAE.TO Harvest Tech Achievers Enhanced Income ETF - Class A Units	26.90%	13.45%	20.64%

Correlation

The correlation between INAI.TO and HTAE.TO is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 22, 2024	0.60

The correlation between INAI.TO and HTAE.TO shifts across timeframes, from 0.60 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

INAI.TO vs. HTAE.TO — Risk / Return Rank

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

INAI.TO

INAI.TO Risk / Return Rank: 45
INAI.TO Sharpe Ratio Rank: 54
INAI.TO Sortino Ratio Rank: 46
INAI.TO Omega Ratio Rank: 52
INAI.TO Calmar Ratio Rank: 41
INAI.TO Martin Ratio Rank: 35

HTAE.TO

HTAE.TO Risk / Return Rank: 52
HTAE.TO Sharpe Ratio Rank: 58
HTAE.TO Sortino Ratio Rank: 50
HTAE.TO Omega Ratio Rank: 51
HTAE.TO Calmar Ratio Rank: 53
HTAE.TO Martin Ratio Rank: 48

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.

INAI.TO vs. HTAE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Morningstar Global Next Gen AI Index ETF (INAI.TO) and Harvest Tech Achievers Enhanced Income ETF - Class A Units (HTAE.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.

	INAI.TO	HTAE.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.69	-0.08
Sortino ratio: Return per unit of downside risk	2.07	2.18	-0.11
Omega ratio: Gain probability vs. loss probability	1.29	1.28	0.00
Calmar ratio: Return relative to maximum drawdown	1.82	2.28	-0.45
Martin ratio: Return relative to average drawdown	4.77	7.22	-2.45

INAI.TO vs. HTAE.TO - Sharpe Ratio Comparison

The current INAI.TO Sharpe Ratio is 1.61, which is comparable to the HTAE.TO Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of INAI.TO and HTAE.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

INAI.TO vs. HTAE.TO - Drawdown Comparison

The maximum INAI.TO drawdown since its inception was -26.78%, smaller than the maximum HTAE.TO drawdown of -30.83%. Use the drawdown chart below to compare losses from any high point for INAI.TO and HTAE.TO.

Drawdown Indicators

	INAI.TO	HTAE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.78%	-30.83%	+4.05%
Max Drawdown (1Y) Largest decline over 1 year	-25.34%	-18.39%	-6.95%
Max Drawdown (3Y) Largest decline over 3 years	—	-30.83%	—
Current Drawdown Current decline from peak	-7.87%	-5.31%	-2.56%
Average Drawdown Average peak-to-trough decline	-5.65%	-4.59%	-1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.65%	5.78%	+3.87%

Volatility

INAI.TO vs. HTAE.TO - Volatility Comparison

Invesco Morningstar Global Next Gen AI Index ETF (INAI.TO) and Harvest Tech Achievers Enhanced Income ETF - Class A Units (HTAE.TO) have volatilities of 13.60% and 13.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INAI.TO	HTAE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.60%	13.43%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	24.27%	20.87%	+3.40%
Volatility (1Y) Calculated over the trailing 1-year period	28.69%	24.73%	+3.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.92%	27.48%	+0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.92%	27.48%	+0.44%

INAI.TO vs. HTAE.TO - Expense Ratio Comparison

INAI.TO has a 0.60% expense ratio, which is lower than HTAE.TO's 2.49% expense ratio.

Dividends

INAI.TO vs. HTAE.TO - Dividend Comparison

INAI.TO's dividend yield for the trailing twelve months is around 0.03%, less than HTAE.TO's 9.73% yield.

Position	TTM	2025	2024	2023	2022
HTAE.TO Harvest Tech Achievers Enhanced Income ETF - Class A Units	9.73%	11.28%	10.01%	9.40%	2.20%
INAI.TO Invesco Morningstar Global Next Gen AI Index ETF	0.03%	0.07%	0.14%	0.00%	0.00%

Frequently Asked Questions

Can I hold both INAI.TO and HTAE.TO in my portfolio?

INAI.TO and HTAE.TO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INAI.TO or HTAE.TO?

On fees, INAI.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, INAI.TO or HTAE.TO?

INAI.TO is cheaper with a 0.60% expense ratio, compared with 2.49% for HTAE.TO.

What is the main difference between INAI.TO and HTAE.TO?

They also come from different issuers: Invesco and Harvest. Their fees differ too: 0.60% for INAI.TO and 2.49% for HTAE.TO.