XVLU.TO vs. HHIS.TO

Last updated Jun 4, 2026

XVLU.TO (iShares MSCI USA Value Factor Index ETF) and HHIS.TO (Harvest Diversified High Income Shares ETF) are both exchange-traded funds - XVLU.TO is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index, while HHIS.TO is a Derivative Income fund actively managed by Harvest. XVLU.TO is passively managed, while HHIS.TO is actively managed. Over the past year, XVLU.TO returned 95.75% vs 31.98% for HHIS.TO. At a 0.44 correlation, their price movements are largely independent. XVLU.TO charges 0.32%/yr vs 0.00%/yr for HHIS.TO.

Performance

XVLU.TO vs. HHIS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI USA Value Factor Index ETF (XVLU.TO) and Harvest Diversified High Income Shares ETF (HHIS.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XVLU.TO achieves a 50.62% return, which is significantly higher than HHIS.TO's 9.32% return.

XVLU.TO

• 1D: 0.06%
• 1M: 23.30%
• YTD: 50.62%
• 6M: 51.55%
• 1Y: 95.75%
• 3Y*: 35.04%
• 5Y*: 19.03%
• 10Y*: —

HHIS.TO

• 1D: -1.25%
• 1M: 7.52%
• YTD: 9.32%
• 6M: 4.61%
• 1Y: 31.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XVLU.TO vs. HHIS.TO - Yearly Performance Comparison

	2026 (YTD)	2025
XVLU.TO iShares MSCI USA Value Factor Index ETF	50.62%	22.18%
HHIS.TO Harvest Diversified High Income Shares ETF	9.32%	24.40%

Correlation

The correlation between XVLU.TO and HHIS.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jan 17, 2025	0.44

Return for Risk

XVLU.TO vs. HHIS.TO — Risk / Return Rank

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

XVLU.TO

XVLU.TO Risk / Return Rank: 98
XVLU.TO Sharpe Ratio Rank: 98
XVLU.TO Sortino Ratio Rank: 98
XVLU.TO Omega Ratio Rank: 97
XVLU.TO Calmar Ratio Rank: 98
XVLU.TO Martin Ratio Rank: 98

HHIS.TO

HHIS.TO Risk / Return Rank: 32
HHIS.TO Sharpe Ratio Rank: 38
HHIS.TO Sortino Ratio Rank: 35
HHIS.TO Omega Ratio Rank: 36
HHIS.TO Calmar Ratio Rank: 27
HHIS.TO Martin Ratio Rank: 24

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.

XVLU.TO vs. HHIS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Value Factor Index ETF (XVLU.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.

	XVLU.TO	HHIS.TO	Difference
Sharpe ratio: Return per unit of total volatility	5.59	1.38	+4.21
Sortino ratio: Return per unit of downside risk	7.16	1.89	+5.26
Omega ratio: Gain probability vs. loss probability	1.96	1.24	+0.72
Calmar ratio: Return relative to maximum drawdown	13.34	1.31	+12.03
Martin ratio: Return relative to average drawdown	55.16	3.27	+51.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XVLU.TO vs. HHIS.TO - Sharpe Ratio Comparison

The current XVLU.TO Sharpe Ratio is 5.59, which is higher than the HHIS.TO Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of XVLU.TO and HHIS.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XVLU.TO	HHIS.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.59	1.38	+4.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.74	+0.19

Drawdowns

XVLU.TO vs. HHIS.TO - Drawdown Comparison

The maximum XVLU.TO drawdown since its inception was -34.40%, 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 XVLU.TO and HHIS.TO.

Drawdown Indicators

	XVLU.TO	HHIS.TO	Difference
Max Drawdown Largest peak-to-trough decline	-34.40%	-31.83%	-2.57%
Max Drawdown (1Y) Largest decline over 1 year	-7.22%	-24.43%	+17.21%
Max Drawdown (3Y) Largest decline over 3 years	-17.13%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.16%	—	—
Current Drawdown Current decline from peak	0.00%	-2.95%	+2.95%
Average Drawdown Average peak-to-trough decline	-6.49%	-8.70%	+2.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	9.79%	-8.05%

Volatility

XVLU.TO vs. HHIS.TO - Volatility Comparison

iShares MSCI USA Value Factor Index ETF (XVLU.TO) has a higher volatility of 7.55% compared to Harvest Diversified High Income Shares ETF (HHIS.TO) at 5.51%. This indicates that XVLU.TO's price experiences larger fluctuations and is considered to be riskier than HHIS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XVLU.TO	HHIS.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.55%	5.51%	+2.04%
Volatility (6M) Calculated over the trailing 6-month period	14.06%	16.97%	-2.91%
Volatility (1Y) Calculated over the trailing 1-year period	17.24%	23.36%	-6.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.94%	33.78%	-17.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.82%	33.78%	-14.96%

XVLU.TO vs. HHIS.TO - Expense Ratio Comparison

XVLU.TO has a 0.32% expense ratio, which is higher than HHIS.TO's 0.00% expense ratio.

Dividends

XVLU.TO vs. HHIS.TO - Dividend Comparison

XVLU.TO's dividend yield for the trailing twelve months is around 1.12%, less than HHIS.TO's 26.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HHIS.TO Harvest Diversified High Income Shares ETF	26.63%	22.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XVLU.TO iShares MSCI USA Value Factor Index ETF	1.12%	1.75%	2.17%	2.26%	2.51%	2.03%	2.72%	0.68%

Frequently Asked Questions

Can I hold both XVLU.TO and HHIS.TO in my portfolio?

XVLU.TO and HHIS.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XVLU.TO or HHIS.TO?

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.

Which ETF is cheaper, XVLU.TO or HHIS.TO?

HHIS.TO is cheaper with a 0.00% expense ratio, compared with 0.32% for XVLU.TO.

What is the main difference between XVLU.TO and HHIS.TO?

XVLU.TO is categorized as Large Cap Value Equities, while HHIS.TO is Derivative Income. They also come from different issuers: iShares and Harvest. Their fees differ too: 0.32% for XVLU.TO and 0.00% for HHIS.TO.