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NVHE.TO vs. ZWU.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

NVHE.TO vs. ZWU.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Harvest NVIDIA Enhanced High Income Shares ETF (NVHE.TO) and BMO Covered Call Utilities ETF (ZWU.TO).

NVHE.TO and ZWU.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVHE.TO is an actively managed fund by Harvest. It was launched on Aug 19, 2024. ZWU.TO is an actively managed fund by BMO. It was launched on Oct 20, 2011.

Performance

NVHE.TO vs. ZWU.TO - 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 BMO Covered Call Utilities ETF (ZWU.TO). The values are adjusted to include any dividend payments, if applicable.

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NVHE.TO vs. ZWU.TO - Yearly Performance Comparison

2026 (YTD)20252024
NVHE.TO
Harvest NVIDIA Enhanced High Income Shares ETF		-2.66%31.47%10.09%
ZWU.TO
BMO Covered Call Utilities ETF		11.36%13.18%1.05%

Returns By Period

In the year-to-date period, NVHE.TO achieves a -2.66% return, which is significantly lower than ZWU.TO's 11.36% return.

NVHE.TO

1D
1.02%
1M
-1.61%
YTD
-2.66%
6M
-1.35%
1Y
62.99%
3Y*
—
5Y*
—
10Y*
—

ZWU.TO

1D
-0.33%
1M
0.08%
YTD
11.36%
6M
9.50%
1Y
16.65%
3Y*
10.49%
5Y*
7.10%
10Y*
6.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Harvest NVIDIA Enhanced High Income Shares ETF

BMO Covered Call Utilities ETF

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Often compared with ZWU.TO:
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NVHE.TO vs. ZWU.TO - Expense Ratio Comparison

NVHE.TO has a 0.40% expense ratio, which is lower than ZWU.TO's 0.65% expense ratio.

ZWU.TO
BMO Covered Call Utilities ETF
NVHE.TO
Harvest NVIDIA Enhanced High Income Shares ETF

Return for Risk

NVHE.TO vs. ZWU.TO — 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: 7777
Overall Rank
NVHE.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
NVHE.TO Sortino Ratio Rank: 7777
Sortino Ratio Rank
NVHE.TO Omega Ratio Rank: 7070
Omega Ratio Rank
NVHE.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
NVHE.TO Martin Ratio Rank: 7272
Martin Ratio Rank
ZWU.TO
ZWU.TO Risk / Return Rank: 8484
Overall Rank
ZWU.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
ZWU.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
ZWU.TO Omega Ratio Rank: 8686
Omega Ratio Rank
ZWU.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
ZWU.TO Martin Ratio Rank: 8080
Martin Ratio Rank
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. ZWU.TO - 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 BMO Covered Call Utilities ETF (ZWU.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.

NVHE.TOZWU.TODifference

Sharpe ratio

Return per unit of total volatility

1.40

1.84

-0.43

Sortino ratio

Return per unit of downside risk

2.03

2.37

-0.34

Omega ratio

Gain probability vs. loss probability

1.27

1.36

-0.09

Calmar ratio

Return relative to maximum drawdown

3.48

2.50

+0.98

Martin ratio

Return relative to average drawdown

8.07

9.31

-1.24

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVHE.TO vs. ZWU.TO - Sharpe Ratio Comparison

The current NVHE.TO Sharpe Ratio is 1.40, which is comparable to the ZWU.TO Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of NVHE.TO and ZWU.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

NVHE.TOZWU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.40

1.84

-0.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.69

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.46

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

0.43

+0.05

Correlation

The correlation between NVHE.TO and ZWU.TO is -0.12. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

NVHE.TO vs. ZWU.TO - Dividend Comparison

NVHE.TO's dividend yield for the trailing twelve months is around 24.45%, more than ZWU.TO's 6.94% yield.

TTM20252024202320222021202020192018201720162015
NVHE.TO
Harvest NVIDIA Enhanced High Income Shares ETF		24.45%21.62%7.29%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ZWU.TO
BMO Covered Call Utilities ETF		6.94%7.59%7.96%8.54%8.35%7.43%7.94%6.29%6.84%6.46%6.77%7.57%

Drawdowns

NVHE.TO vs. ZWU.TO - Drawdown Comparison

The maximum NVHE.TO drawdown since its inception was -40.87%, which is greater than ZWU.TO's maximum drawdown of -37.41%. Use the drawdown chart below to compare losses from any high point for NVHE.TO and ZWU.TO.

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Drawdown Indicators

NVHE.TOZWU.TODifference

Max Drawdown

Largest peak-to-trough decline

-40.87%

-37.41%

-3.46%

Max Drawdown (1Y)

Largest decline over 1 year

-18.41%

-6.71%

-11.70%

Max Drawdown (5Y)

Largest decline over 5 years

—

-23.36%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.41%

—

Current Drawdown

Current decline from peak

-12.42%

-0.65%

-11.77%

Average Drawdown

Average peak-to-trough decline

-10.09%

-5.42%

-4.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.95%

1.80%

+6.15%

Volatility

NVHE.TO vs. ZWU.TO - Volatility Comparison

Harvest NVIDIA Enhanced High Income Shares ETF (NVHE.TO) has a higher volatility of 12.01% compared to BMO Covered Call Utilities ETF (ZWU.TO) at 2.44%. This indicates that NVHE.TO's price experiences larger fluctuations and is considered to be riskier than ZWU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NVHE.TOZWU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

12.01%

2.44%

+9.57%

Volatility (6M)

Calculated over the trailing 6-month period

27.28%

5.27%

+22.01%

Volatility (1Y)

Calculated over the trailing 1-year period

45.08%

9.11%

+35.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

50.30%

10.34%

+39.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

50.30%

14.15%

+36.15%