A side-by-side comparison of Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK) and Harvest Diversified Monthly Income ETF - Class A Units (HDIF) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | BANK | HDIF |
|---|---|---|
| YTD Return | +15.04%✓ | +7.01% |
| 1-Day Change | -2.40% | -0.93%✓ |
| 1-Week Change | -6.45% | -2.53%✓ |
| 1-Month Change | -6.09% | +1.58%✓ |
| Current Price | $11.17 | $9.62 |
| AUM | $1.27B✓ | $572M |
| MER (Expense Ratio) | 60% | 0%✓ |
| Dividend Yield | 12.31%✓ | 10.64% |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2022-02-01 | 2022-02-11 |
| Holdings Count | 9 | 10 |
| MorningStar Rating | — | — |
| Category | Alternative Equity Focused | Alternative Equity Focused |
| Beta | 0.00 | 0.00 |
| 52-Week High | $12.09 | $9.90 |
| 52-Week Low | $7.18 | $7.72 |
| 50-Day MA | $11.73 | $9.55 |
| 200-Day MA | $10.29 | $9.10 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | BANK | HDIF |
|---|---|---|
| YTD | +15.04%✓ | +7.01% |
| 1 Year | +59.44%✓ | +25.87% |
| 3 Year | +36.64%✓ | +20.33% |
| 5 Year | — | — |
| 10 Year | — | — |
| 1Y Volatility | 14.18% | 10.68% |
| Sharpe Ratio (3Y) | 1.77 | 0.95 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | GWO | Great-West Lifeco Inc. | 13.51% |
| 2 | POW | Power Corporation Of Canada | 13.01% |
| 3 | BMO | Bank of Montreal | 12.67% |
| 4 | RY | Royal Bank of Canada | 12.60% |
| 5 | SLF | Sun Life Financial Inc. | 12.35% |
| 6 | BNS | Bank of Nova Scotia | 12.16% |
| 7 | MFC | Manulife Financial Corp | 12.09% |
| 8 | TD | Toronto Dominion Bank | 12.00% |
| 9 | NA | National Bank of Canada | 11.64% |
| 1 | HBF | Harvest US Equity Leaders Income ETF | 22.89% |
| 2 | HTA | Harvest Tech Leaders Income ETF | 22.78% |
| 3 | HLIF | Harvest Canadian Dividend Leaders Income ETF | 14.17% |
| 4 | HHL | Harvest Healthcare Leaders Income ETF | 12.86% |
| 5 | HHIH | Harvest High Income Equity Shares ETF | 11.63% |
| 6 | HUTL | Harvest Utilities Leaders Income ETF | 10.06% |
| 7 | TRVI | Harvest Travel & Leisure Income ETF - Class A Units | 8.66% |
| 8 | HUBL | Harvest US Bank Leaders Income ETF Class A | 8.36% |
| 9 | HIND | Harvest Industrial Leaders Income ETF Class A | 8.23% |
| 10 | HPYG | Harvest Premium Yield Gold ETF | 4.40% |
Sector Weights
| Sector | BANK | HDIF |
|---|---|---|
| Basic Materials | 0.00% | 0.77% |
| Communication Services | 0.00% | 8.60% |
| Consumer Cyclicals | 0.00% | 8.93% |
| Consumer Defensive | 0.00% | 3.37% |
| Energy | 0.00% | 4.93% |
| Financial Services | 100.00% | 16.81% |
| Healthcare | 0.00% | 12.61% |
| Industrials | 0.00% | 10.27% |
| Real Estate | 0.00% | 0.65% |
| Technology | 0.00% | 27.97% |
| Utilities | 0.00% | 5.09% |
About BANK
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About HDIF
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Which ETF is Right for You?
Both BANK and HDIF are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, BANK scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between BANK and HDIF?
BANK (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) and HDIF (Harvest Diversified Monthly Income ETF - Class A Units) are both Canadian-listed ETFs. Key differences include their AUM ($1.27B vs $572M), dividend yield (12.31% vs 10.64%), and year-to-date performance (+15.04% vs +7.01%).
Is BANK better than HDIF?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, BANK has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy BANK and HDIF on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both BANK and HDIF should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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