VDY.TO vs. HHIC.TO

Last updated Jun 14, 2026

VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) and HHIC.TO (Harvest Canadian High Income Shares ETF) are both exchange-traded funds - VDY.TO is a Dividend fund tracking the FTSE Canada High Dividend Yield Index, while HHIC.TO is a Canada Equities fund actively managed by Harvest. VDY.TO is passively managed, while HHIC.TO is actively managed. A 0.59 correlation means they provide meaningful diversification when combined. VDY.TO charges 0.22%/yr vs 0.40%/yr for HHIC.TO.

Performance

VDY.TO vs. HHIC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) and Harvest Canadian High Income Shares ETF (HHIC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VDY.TO achieves a 23.81% return, which is significantly higher than HHIC.TO's 12.03% return.

VDY.TO

• 1D: 0.65%
• 1M: 5.11%
• YTD: 23.81%
• 6M: 23.43%
• 1Y: 49.57%
• 3Y*: 27.42%
• 5Y*: 17.91%
• 10Y*: 14.58%

HHIC.TO

• 1D: 0.93%
• 1M: 2.73%
• YTD: 12.03%
• 6M: 13.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF	23.81%	14.77%
HHIC.TO Harvest Canadian High Income Shares ETF	12.03%	16.60%

Correlation

The correlation between VDY.TO and HHIC.TO is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 21, 2025	0.59

VDY.TO vs. HHIC.TO - Sectors Allocation Comparison

Sectors	VDY.TO	HHIC.TO
Financial Services	56.0%	32.7%
Energy	30.8%	34.8%
Utilities	4.1%	-
Consumer Cyclical	3.0%	-
Communication Services	2.8%	10.2%
Basic Materials	2.2%	11.3%
Consumer Defensive	0.4%	-
Technology	0.4%	11.0%
Industrials	0.2%	-
Healthcare	0.1%	-
Real Estate	-	-

Return for Risk

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

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

VDY.TO

VDY.TO Risk / Return Rank: 98
VDY.TO Sharpe Ratio Rank: 99
VDY.TO Sortino Ratio Rank: 98
VDY.TO Omega Ratio Rank: 98
VDY.TO Calmar Ratio Rank: 98
VDY.TO Martin Ratio Rank: 98

HHIC.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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.

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.

	VDY.TO	HHIC.TO	Difference
Sharpe ratio: Return per unit of total volatility	5.98	—	—
Sortino ratio: Return per unit of downside risk	8.59	—	—
Omega ratio: Gain probability vs. loss probability	2.21	—	—
Calmar ratio: Return relative to maximum drawdown	15.94	—	—
Martin ratio: Return relative to average drawdown	64.95	—	—

Drawdowns

VDY.TO vs. HHIC.TO - Drawdown Comparison

The maximum VDY.TO drawdown since its inception was -39.21%, which is greater than HHIC.TO's maximum drawdown of -7.30%. Use the drawdown chart below to compare losses from any high point for VDY.TO and HHIC.TO.

Drawdown Indicators

	VDY.TO	HHIC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-39.21%	-7.30%	-31.91%
Max Drawdown (1Y) Largest decline over 1 year	-3.12%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.17%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.21%	—	—
Current Drawdown Current decline from peak	0.00%	-2.35%	+2.35%
Average Drawdown Average peak-to-trough decline	-4.47%	-1.52%	-2.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	—	—

Volatility

Volatility by Period

	VDY.TO	HHIC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.32%	16.93%	-8.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.58%	16.93%	-5.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.95%	16.93%	-0.98%

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

VDY.TO has a 0.22% expense ratio, which is lower than HHIC.TO's 0.40% expense ratio.

Dividends

VDY.TO vs. HHIC.TO - Dividend Comparison

VDY.TO's dividend yield for the trailing twelve months is around 2.83%, less than HHIC.TO's 11.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HHIC.TO Harvest Canadian High Income Shares ETF	11.06%	4.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF	2.83%	3.59%	4.37%	4.64%	4.42%	3.46%	4.59%	4.25%	4.44%	3.42%	3.25%	4.11%

Frequently Asked Questions

Can I hold both VDY.TO and HHIC.TO in my portfolio?

VDY.TO and HHIC.TO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VDY.TO or HHIC.TO?

On fees, VDY.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VDY.TO or HHIC.TO?

VDY.TO is cheaper with a 0.22% expense ratio, compared with 0.40% for HHIC.TO.

What is the main difference between VDY.TO and HHIC.TO?

VDY.TO is categorized as Dividend, while HHIC.TO is Canada Equities. They also come from different issuers: Vanguard and Harvest. Their fees differ too: 0.22% for VDY.TO and 0.40% for HHIC.TO.