PINC.TO vs. HLIF.TO
PINC.TO (Purpose Multi-Asset Income Fund) and HLIF.TO (Harvest Canadian Equity Income Leaders ETF Class A) are both Derivative Income funds. Both are actively managed. Over the past 3 years, PINC.TO returned 14.69%/yr vs 20.94%/yr for HLIF.TO. A 0.52 correlation means they provide meaningful diversification when combined. PINC.TO charges 1.04%/yr vs 0.79%/yr for HLIF.TO.
Performance
PINC.TO vs. HLIF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PINC.TO achieves a 18.40% return, which is significantly lower than HLIF.TO's 20.71% return.
PINC.TO
- 1D
- 0.57%
- 1M
- 1.74%
- 6M
- 17.22%
- YTD
- 18.40%
- 1Y
- 24.52%
- 3Y*
- 14.69%
- 5Y*
- 6.92%
- 10Y*
- —
- ALL TIME*
- 7.09%
HLIF.TO
- 1D
- 0.86%
- 1M
- 3.52%
- 6M
- 17.85%
- YTD
- 20.71%
- 1Y
- 37.14%
- 3Y*
- 20.94%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$95.81K | CA$121.96K | CA$179.07K | |
| CA$10.04K | CA$9.73K | CA$12.47K |
PINC.TO vs. HLIF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PINC.TO Purpose Multi-Asset Income Fund | 18.40% | 14.41% | 11.54% | 0.95% | -8.52% |
HLIF.TO Harvest Canadian Equity Income Leaders ETF Class A | 20.71% | 25.43% | 17.21% | 6.13% | -2.97% |
Correlation
The correlation between PINC.TO and HLIF.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2022 | 0.52 |
The correlation between PINC.TO and HLIF.TO has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.
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Return for Risk
PINC.TO vs. HLIF.TO — Risk / Return Rank
PINC.TO
HLIF.TO
PINC.TO vs. HLIF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Multi-Asset Income Fund (PINC.TO) and Harvest Canadian Equity Income Leaders ETF Class A (HLIF.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.
| PINC.TO | HLIF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 2.03 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 6.87 | 12.07 | -5.21 |
| Martin ratioReturn relative to average drawdown | 26.66 | 59.07 | -32.41 |
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Drawdowns
PINC.TO vs. HLIF.TO - Drawdown Comparison
The maximum PINC.TO drawdown since its inception was -43.84%, which is greater than HLIF.TO's maximum drawdown of -11.12%. Use the drawdown chart below to compare losses from any high point for PINC.TO and HLIF.TO.
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Drawdown Indicators
| PINC.TO | HLIF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.84% | -11.12% | -32.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -3.09% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -10.48% | -9.96% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.23% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -1.96% | -3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.63% | +0.30% |
Volatility
PINC.TO vs. HLIF.TO - Volatility Comparison
The current volatility for Purpose Multi-Asset Income Fund (PINC.TO) is 1.54%, while Harvest Canadian Equity Income Leaders ETF Class A (HLIF.TO) has a volatility of 2.45%. This indicates that PINC.TO experiences smaller price fluctuations and is considered to be less risky than HLIF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PINC.TO | HLIF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 2.45% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 5.06% | 6.03% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.35% | 7.28% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.38% | 10.39% | -2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.70% | 10.39% | +4.31% |
PINC.TO vs. HLIF.TO - Expense Ratio Comparison
PINC.TO has a 1.04% expense ratio, which is higher than HLIF.TO's 0.79% expense ratio.
Dividends
PINC.TO vs. HLIF.TO - Dividend Comparison
PINC.TO's dividend yield for the trailing twelve months is around 4.37%, less than HLIF.TO's 5.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HLIF.TO Harvest Canadian Equity Income Leaders ETF Class A | 5.93% | 6.26% | 7.33% | 7.96% | 3.91% | 0.00% | 0.00% | 0.00% | 0.00% |
PINC.TO Purpose Multi-Asset Income Fund | 4.37% | 5.05% | 5.48% | 5.78% | 5.51% | 4.60% | 5.33% | 5.06% | 3.66% |
Frequently Asked Questions
PINC.TO and HLIF.TO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HLIF.TO is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HLIF.TO is cheaper with a 0.79% expense ratio, compared with 1.04% for PINC.TO.
They also come from different issuers: Purpose Investments Inc. and Harvest. Their fees differ too: 1.04% for PINC.TO and 0.79% for HLIF.TO.
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