YNVD.NEO vs. CNQE.TO
YNVD.NEO (NVIDIA (NVDA) Yield Shares Purpose ETF) and CNQE.TO (Harvest CNQ Enhanced High Income Shares ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.09, they often move in opposite directions. YNVD.NEO charges 1.94%/yr vs 0.40%/yr for CNQE.TO.
Performance
YNVD.NEO vs. CNQE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, YNVD.NEO achieves a 20.36% return, which is significantly lower than CNQE.TO's 38.88% return.
YNVD.NEO
- 1D
- 2.83%
- 1M
- 14.32%
- YTD
- 20.36%
- 6M
- 28.67%
- 1Y
- 72.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CNQE.TO
- 1D
- -0.34%
- 1M
- 1.72%
- YTD
- 38.88%
- 6M
- 34.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YNVD.NEO vs. CNQE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF | 20.36% | 14.71% |
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF | 38.88% | 13.80% |
Correlation
The correlation between YNVD.NEO and CNQE.TO is -0.09, 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 (All Time) Calculated using the full available price history since Aug 22, 2025 | -0.09 |
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Return for Risk
YNVD.NEO vs. CNQE.TO — Risk / Return Rank
YNVD.NEO
CNQE.TO
YNVD.NEO vs. CNQE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) and Harvest CNQ Enhanced High Income Shares ETF (CNQE.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.
| YNVD.NEO | CNQE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.45 | — | — |
| Martin ratioReturn relative to average drawdown | 12.10 | — | — |
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
| YNVD.NEO | CNQE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | 2.45 | -0.91 |
Drawdowns
YNVD.NEO vs. CNQE.TO - Drawdown Comparison
The maximum YNVD.NEO drawdown since its inception was -41.02%, which is greater than CNQE.TO's maximum drawdown of -18.22%. Use the drawdown chart below to compare losses from any high point for YNVD.NEO and CNQE.TO.
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Drawdown Indicators
| YNVD.NEO | CNQE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.02% | -18.22% | -22.80% |
Max Drawdown (1Y)Largest decline over 1 year | -16.41% | — | — |
Current DrawdownCurrent decline from peak | -1.57% | -6.40% | +4.83% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -4.14% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.03% | — | — |
Volatility
YNVD.NEO vs. CNQE.TO - Volatility Comparison
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Volatility by Period
| YNVD.NEO | CNQE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.14% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 27.65% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 35.48% | 33.04% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.45% | 33.04% | +19.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.45% | 33.04% | +19.41% |
YNVD.NEO vs. CNQE.TO - Expense Ratio Comparison
YNVD.NEO has a 1.94% expense ratio, which is higher than CNQE.TO's 0.40% expense ratio.
Dividends
YNVD.NEO vs. CNQE.TO - Dividend Comparison
YNVD.NEO's dividend yield for the trailing twelve months is around 21.18%, more than CNQE.TO's 9.43% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF | 9.43% | 4.42% | 0.00% |
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF | 21.18% | 23.48% | 17.81% |
Frequently Asked Questions
YNVD.NEO and CNQE.TO have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNQE.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNQE.TO is cheaper with a 0.40% expense ratio, compared with 1.94% for YNVD.NEO.
They also come from different issuers: Purpose Investments and Harvest. Their fees differ too: 1.94% for YNVD.NEO and 0.40% for CNQE.TO.
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