TLV.TO vs. HHIC.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.TO) and Harvest Canadian High Income Shares ETF (HHIC.TO).

TLV.TO and HHIC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TLV.TO is a passively managed fund by Invesco that tracks the performance of the S&P/TSX Composite Low Volatility Index. It was launched on Apr 24, 2012. HHIC.TO is an actively managed fund by Harvest. It was launched on Aug 19, 2025.

Performance

TLV.TO vs. HHIC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.TO) and Harvest Canadian High Income Shares ETF (HHIC.TO). The values are adjusted to include any dividend payments, if applicable.

TLV.TO vs. HHIC.TO - Yearly Performance Comparison

	2026 (YTD)	2025
TLV.TO Invesco S&P/TSX Composite Low Volatility Index ETF	3.87%	7.34%
HHIC.TO Harvest Canadian High Income Shares ETF	9.05%	16.12%

Returns By Period

In the year-to-date period, TLV.TO achieves a 3.87% return, which is significantly lower than HHIC.TO's 9.05% return.

TLV.TO

• 1D: -0.25%
• 1M: -2.73%
• YTD: 3.87%
• 6M: 9.54%
• 1Y: 23.51%
• 3Y*: 16.04%
• 5Y*: 9.94%
• 10Y*: 8.39%

HHIC.TO

• 1D: 0.77%
• 1M: -2.59%
• YTD: 9.05%
• 6M: 15.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TLV.TO vs. HHIC.TO - Expense Ratio Comparison

TLV.TO has a 0.33% expense ratio, which is lower than HHIC.TO's 0.40% expense ratio.

HHIC.TO

Harvest Canadian High Income Shares ETF

TLV.TO

Invesco S&P/TSX Composite Low Volatility Index ETF

Return for Risk

TLV.TO vs. HHIC.TO — Risk / Return Rank

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

TLV.TO

TLV.TO Risk / Return Rank: 96
TLV.TO Sharpe Ratio Rank: 96
TLV.TO Sortino Ratio Rank: 96
TLV.TO Omega Ratio Rank: 97
TLV.TO Calmar Ratio Rank: 93
TLV.TO Martin Ratio Rank: 97

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.

TLV.TO vs. HHIC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.TO) and Harvest Canadian High Income Shares ETF (HHIC.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.

	TLV.TO	HHIC.TO	Difference
Sharpe ratio Return per unit of total volatility	2.61	—	—
Sortino ratio Return per unit of downside risk	3.46	—	—
Omega ratio Gain probability vs. loss probability	1.56	—	—
Calmar ratio Return relative to maximum drawdown	3.62	—	—
Martin ratio Return relative to average drawdown	19.44	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TLV.TO	HHIC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	2.79	-2.92

Correlation

The correlation between TLV.TO and HHIC.TO is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TLV.TO vs. HHIC.TO - Dividend Comparison

TLV.TO's dividend yield for the trailing twelve months is around 3.16%, less than HHIC.TO's 6.85% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TLV.TO Invesco S&P/TSX Composite Low Volatility Index ETF	3.16%	3.25%	3.40%	4.12%	4.01%	2.49%	2.75%	3.74%	4.28%	3.58%	3.46%	4.08%
HHIC.TO Harvest Canadian High Income Shares ETF	6.85%	4.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

TLV.TO vs. HHIC.TO - Drawdown Comparison

The maximum TLV.TO drawdown since its inception was -81.40%, which is greater than HHIC.TO's maximum drawdown of -7.26%. Use the drawdown chart below to compare losses from any high point for TLV.TO and HHIC.TO.

Drawdown Indicators

	TLV.TO	HHIC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-81.40%	-7.26%	-74.14%
Max Drawdown (1Y) Largest decline over 1 year	-6.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.36%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.68%	—	—
Current Drawdown Current decline from peak	-36.54%	-4.18%	-32.36%
Average Drawdown Average peak-to-trough decline	-64.71%	-1.31%	-63.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	—	—

Volatility

Volatility by Period

	TLV.TO	HHIC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.05%	17.25%	-8.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.89%	17.25%	-7.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.67%	17.25%	-4.58%