A side-by-side comparison of Harvest Canadian High Income Shares ETF (HHIC) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | HHIC | BANK |
|---|---|---|
| YTD Return | +4.20% | +19.67%✓ |
| 1-Day Change | 0.00%✓ | -0.26% |
| 1-Week Change | -0.70% | +2.65%✓ |
| 1-Month Change | -0.63% | +6.90%✓ |
| Current Price | $14.15 | $11.62 |
| AUM | $206M | $1.12B✓ |
| MER (Expense Ratio) | — | 60% |
| Dividend Yield | — | 13.00% |
| Distribution Frequency | — | Monthly |
| Inception Date | 2025-08-19 | 2022-02-01 |
| Holdings Count | 10 | 9 |
| MorningStar Rating | — | — |
| Category | Alternative Equity Focused | Alternative Equity Focused |
| Beta | 0.00 | 0.00 |
| 52-Week High | $14.46 | $11.72 |
| 52-Week Low | $10.75 | $6.96 |
| 50-Day MA | $14.26 | $10.61 |
| 200-Day MA | $13.87 | $9.65 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | HHIC | BANK |
|---|---|---|
| YTD | +4.20% | +19.67%✓ |
| 1 Year | — | +63.33% |
| 3 Year | — | +34.67% |
| 5 Year | — | — |
| 10 Year | — | — |
| 1Y Volatility | — | 13.18% |
| Sharpe Ratio (3Y) | — | 1.71 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | RY | Royal Bank of Canada | 21.26% |
| 2 | TD | Toronto Dominion Bank | 21.17% |
| 3 | AEM | Agnico Eagle Mines Limited | 14.24% |
| 4 | SHOP | Shopify Inc | 13.96% |
| 5 | CCO | Cameco Corp | 12.40% |
| 6 | ENB | Enbridge Inc | 10.53% |
| 7 | CNQ | Canadian Natural Resources Ltd | 9.71% |
| 8 | SU | Suncor Energy Inc | 9.55% |
| 9 | BCE | BCE Inc | 7.56% |
| 10 | T | Telus Corp | 6.04% |
| 1 | GWO | Great-West Lifeco Inc. | 13.20% |
| 2 | POW | Power Corporation Of Canada | 12.77% |
| 3 | RY | Royal Bank of Canada | 12.75% |
| 4 | TD | Toronto Dominion Bank | 12.72% |
| 5 | BMO | Bank of Montreal | 12.65% |
| 6 | BNS | Bank of Nova Scotia | 12.35% |
| 7 | SLF | Sun Life Financial Inc. | 11.96% |
| 8 | CM | Canadian Imperial Bank Of Commerce | 11.72% |
| 9 | MFC | Manulife Financial Corp | 11.68% |
Sector Weights
| Sector | HHIC | BANK |
|---|---|---|
| Basic Materials | 11.26% | 0.00% |
| Communication Services | 10.76% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 33.37% | 0.00% |
| Financial Services | 33.57% | 100.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 11.04% | 0.00% |
| Utilities | 0.00% | 0.00% |
About HHIC
Harvest Canadian High Income Shares ETF is an exchange traded fund launched and managed by Harvest Portfolios Group Inc. It invests in public equity markets of Canada. The fund invests directly, through derivatives and through other funds in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to benchmark the performa…
About BANK
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Which ETF is Right for You?
Both HHIC and BANK 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 HHIC and BANK?
HHIC (Harvest Canadian High Income Shares ETF) and BANK (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) are both Canadian-listed ETFs. Key differences include their AUM ($206M vs $1.12B), dividend yield (N/A vs 13.00%), and year-to-date performance (+4.20% vs +19.67%).
Is HHIC better than BANK?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy HHIC and BANK on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both HHIC and BANK should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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