NVHE.TO vs. NVDA

Last updated Jul 16, 2026

NVHE.TO (Harvest NVIDIA Enhanced High Income Shares ETF) is Derivative Income fund actively managed by Harvest, while NVDA (NVIDIA Corporation) is a stock. Over the past year, NVHE.TO returned 37.25% vs 27.81% for NVDA. Their correlation of 0.93 suggests significant overlap in exposure.

Performance

NVHE.TO vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest NVIDIA Enhanced High Income Shares ETF (NVHE.TO) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, NVHE.TO achieves a 21.09% return, which is significantly higher than NVDA's 17.05% return.

NVHE.TO

• 1D: 0.15%
• 1M: 1.42%
• 6M: 21.77%
• YTD: 21.09%
• 1Y: 37.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDA

• 1D: -0.36%
• 1M: 0.65%
• 6M: 17.55%
• YTD: 17.05%
• 1Y: 27.81%
• 3Y*: 71.20%
• 5Y*: 67.30%
• 10Y*: 68.00%

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

NVHE.TO vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NVHE.TO Harvest NVIDIA Enhanced High Income Shares ETF	21.09%	31.47%	9.90%
NVDA NVIDIA Corporation	17.05%	32.57%	11.12%

Correlation

The correlation between NVHE.TO and NVDA is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	0.93

The correlation between NVHE.TO and NVDA has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

NVHE.TO vs. NVDA — Risk / Return Rank

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

NVHE.TO

NVHE.TO Risk / Return Rank: 37
NVHE.TO Sharpe Ratio Rank: 33
NVHE.TO Sortino Ratio Rank: 34
NVHE.TO Omega Ratio Rank: 32
NVHE.TO Calmar Ratio Rank: 49
NVHE.TO Martin Ratio Rank: 37

NVDA

NVDA Risk / Return Rank: 66
NVDA Sharpe Ratio Rank: 68
NVDA Sortino Ratio Rank: 64
NVDA Omega Ratio Rank: 61
NVDA Calmar Ratio Rank: 70
NVDA Martin Ratio Rank: 69

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.

NVHE.TO vs. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest NVIDIA Enhanced High Income Shares ETF (NVHE.TO) and NVIDIA Corporation (NVDA). 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.

	NVHE.TO	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	1.01	0.79	+0.22
Sortino ratio: Return per unit of downside risk	1.54	1.30	+0.24
Omega ratio: Gain probability vs. loss probability	1.18	1.15	+0.03
Calmar ratio: Return relative to maximum drawdown	2.03	1.34	+0.69
Martin ratio: Return relative to average drawdown	4.42	2.86	+1.56

NVHE.TO vs. NVDA - Sharpe Ratio Comparison

The current NVHE.TO Sharpe Ratio is 1.01, which is comparable to the NVDA Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of NVHE.TO and NVDA, 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

NVHE.TO vs. NVDA - Drawdown Comparison

The maximum NVHE.TO drawdown since its inception was -40.87%, smaller than the maximum NVDA drawdown of -80.18%. Use the drawdown chart below to compare losses from any high point for NVHE.TO and NVDA.

Drawdown Indicators

	NVHE.TO	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-40.87%	-80.18%	+39.31%
Max Drawdown (1Y) Largest decline over 1 year	-18.41%	-20.81%	+2.40%
Max Drawdown (3Y) Largest decline over 3 years	—	-38.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-63.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.60%	—
Current Drawdown Current decline from peak	-5.32%	-7.47%	+2.15%
Average Drawdown Average peak-to-trough decline	-9.57%	-28.43%	+18.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.44%	9.74%	-1.30%

Volatility

NVHE.TO vs. NVDA - Volatility Comparison

Harvest NVIDIA Enhanced High Income Shares ETF (NVHE.TO) has a higher volatility of 12.57% compared to NVIDIA Corporation (NVDA) at 11.47%. This indicates that NVHE.TO's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVHE.TO	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.57%	11.47%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	28.99%	27.52%	+1.47%
Volatility (1Y) Calculated over the trailing 1-year period	37.28%	35.57%	+1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.80%	52.23%	-3.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.80%	50.54%	-1.74%

Dividends

NVHE.TO vs. NVDA - Dividend Comparison

NVHE.TO's dividend yield for the trailing twelve months is around 21.49%, more than NVDA's 0.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDA NVIDIA Corporation	0.13%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
NVHE.TO Harvest NVIDIA Enhanced High Income Shares ETF	21.49%	21.62%	7.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVHE.TO and NVDA in my portfolio?

With a correlation of 0.94, NVHE.TO and NVDA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.