YTSL.NEO vs. CNQE.TO
YTSL.NEO (Tesla (TSLA) 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 -0.11, they often move in opposite directions. YTSL.NEO charges 1.65%/yr vs 0.40%/yr for CNQE.TO.
Performance
YTSL.NEO vs. CNQE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, YTSL.NEO achieves a -7.41% return, which is significantly lower than CNQE.TO's 38.88% return.
YTSL.NEO
- 1D
- -1.16%
- 1M
- 7.81%
- YTD
- -7.41%
- 6M
- 0.85%
- 1Y
- 49.81%
- 3Y*
- 28.69%
- 5Y*
- —
- 10Y*
- —
CNQE.TO
- 1D
- -0.34%
- 1M
- 1.72%
- YTD
- 38.88%
- 6M
- 34.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YTSL.NEO vs. CNQE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YTSL.NEO Tesla (TSLA) Yield Shares Purpose ETF | -7.41% | 62.98% |
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF | 38.88% | 13.80% |
Correlation
The correlation between YTSL.NEO and CNQE.TO is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025 | -0.11 |
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Return for Risk
YTSL.NEO vs. CNQE.TO — Risk / Return Rank
YTSL.NEO
CNQE.TO
YTSL.NEO vs. CNQE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tesla (TSLA) Yield Shares Purpose ETF (YTSL.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.
| YTSL.NEO | CNQE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | — | — |
| Martin ratioReturn relative to average drawdown | 5.28 | — | — |
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
| YTSL.NEO | CNQE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 2.45 | -1.87 |
Drawdowns
YTSL.NEO vs. CNQE.TO - Drawdown Comparison
The maximum YTSL.NEO drawdown since its inception was -58.40%, 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 YTSL.NEO and CNQE.TO.
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Drawdown Indicators
| YTSL.NEO | CNQE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.40% | -18.22% | -40.18% |
Max Drawdown (1Y)Largest decline over 1 year | -24.81% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -58.40% | — | — |
Current DrawdownCurrent decline from peak | -8.46% | -6.40% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -20.46% | -4.14% | -16.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.59% | — | — |
Volatility
YTSL.NEO vs. CNQE.TO - Volatility Comparison
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Volatility by Period
| YTSL.NEO | CNQE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.78% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 29.36% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 48.20% | 33.04% | +15.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.82% | 33.04% | +28.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.82% | 33.04% | +28.78% |
YTSL.NEO vs. CNQE.TO - Expense Ratio Comparison
YTSL.NEO has a 1.65% expense ratio, which is higher than CNQE.TO's 0.40% expense ratio.
Dividends
YTSL.NEO vs. CNQE.TO - Dividend Comparison
YTSL.NEO's dividend yield for the trailing twelve months is around 46.17%, more than CNQE.TO's 9.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF | 9.43% | 4.42% | 0.00% | 0.00% | 0.00% |
YTSL.NEO Tesla (TSLA) Yield Shares Purpose ETF | 46.17% | 36.11% | 12.80% | 24.07% | 1.96% |
Frequently Asked Questions
YTSL.NEO and CNQE.TO have a correlation of -0.11, 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 1.65% for YTSL.NEO.
They also come from different issuers: Purpose Investments and Harvest. Their fees differ too: 1.65% for YTSL.NEO and 0.40% for CNQE.TO.
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