XEI.TO vs. HHIS.TO
XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) and HHIS.TO (Harvest Diversified High Income Shares ETF) are both exchange-traded funds - XEI.TO is a Canada Equities fund tracking the S&P/TSX Composite High Dividend Index, while HHIS.TO is a Derivative Income fund actively managed by Harvest. XEI.TO is passively managed, while HHIS.TO is actively managed. Over the past year, XEI.TO returned 45.53% vs 32.43% for HHIS.TO. At a 0.22 correlation, their price movements are largely independent. XEI.TO charges 0.22%/yr vs 0.00%/yr for HHIS.TO.
Performance
XEI.TO vs. HHIS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XEI.TO achieves a 23.25% return, which is significantly higher than HHIS.TO's 9.41% return.
XEI.TO
- 1D
- 0.85%
- 1M
- 3.41%
- YTD
- 23.25%
- 6M
- 23.82%
- 1Y
- 45.53%
- 3Y*
- 22.82%
- 5Y*
- 15.75%
- 10Y*
- 12.30%
HHIS.TO
- 1D
- 0.08%
- 1M
- 7.23%
- YTD
- 9.41%
- 6M
- 4.62%
- 1Y
- 32.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XEI.TO vs. HHIS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 23.25% | 24.71% |
HHIS.TO Harvest Diversified High Income Shares ETF | 9.41% | 24.40% |
Correlation
The correlation between XEI.TO and HHIS.TO is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2025 | 0.22 |
The correlation between XEI.TO and HHIS.TO shifts across timeframes, from 0.04 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XEI.TO vs. HHIS.TO — Risk / Return Rank
XEI.TO
HHIS.TO
XEI.TO vs. HHIS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) and Harvest Diversified High Income Shares ETF (HHIS.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.
| XEI.TO | HHIS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.94 | ||
| Sortino ratioReturn per unit of downside risk | +7.56 | ||
| Omega ratioGain probability vs. loss probability | 2.34 | 1.25 | +1.10 |
| Calmar ratioReturn relative to maximum drawdown | 20.39 | 1.33 | +19.06 |
| Martin ratioReturn relative to average drawdown | 69.23 | 3.32 | +65.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XEI.TO | HHIS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.34 | 1.40 | +4.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.41 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.74 | -0.08 |
Drawdowns
XEI.TO vs. HHIS.TO - Drawdown Comparison
The maximum XEI.TO drawdown since its inception was -45.51%, which is greater than HHIS.TO's maximum drawdown of -31.83%. Use the drawdown chart below to compare losses from any high point for XEI.TO and HHIS.TO.
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Drawdown Indicators
| XEI.TO | HHIS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.51% | -31.83% | -13.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.24% | -24.43% | +22.19% |
Max Drawdown (3Y)Largest decline over 3 years | -9.92% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.51% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.87% | +2.87% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -8.68% | +3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 9.80% | -9.14% |
Volatility
XEI.TO vs. HHIS.TO - Volatility Comparison
The current volatility for iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) is 2.89%, while Harvest Diversified High Income Shares ETF (HHIS.TO) has a volatility of 5.52%. This indicates that XEI.TO experiences smaller price fluctuations and is considered to be less risky than HHIS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEI.TO | HHIS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 5.52% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 6.03% | 16.96% | -10.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.24% | 23.32% | -16.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.24% | 33.73% | -22.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.01% | 33.73% | -17.72% |
XEI.TO vs. HHIS.TO - Expense Ratio Comparison
XEI.TO has a 0.22% expense ratio, which is higher than HHIS.TO's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XEI.TO vs. HHIS.TO - Dividend Comparison
XEI.TO's dividend yield for the trailing twelve months is around 3.53%, less than HHIS.TO's 26.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HHIS.TO Harvest Diversified High Income Shares ETF | 26.60% | 22.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 3.53% | 4.39% | 5.56% | 5.08% | 4.78% | 3.65% | 5.13% | 4.71% | 5.53% | 4.37% | 4.51% | 5.75% |
Frequently Asked Questions
XEI.TO and HHIS.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HHIS.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HHIS.TO is cheaper with a 0.00% expense ratio, compared with 0.22% for XEI.TO.
XEI.TO is categorized as Canada Equities, while HHIS.TO is Derivative Income. They also come from different issuers: iShares and Harvest. Their fees differ too: 0.22% for XEI.TO and 0.00% for HHIS.TO.
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