Canadian ETF comparison

HHIS vs HHIC: Which Harvest Income ETF Fits Your Portfolio?

HHIS and HHIC are both Harvest High Income Shares ETFs: monthly income from covered calls plus about 25% leverage. HHIS packages about 20 Harvest single-stock ETFs, mostly large U.S. technology and growth companies. HHIC holds a smaller basket of Canadian companies directly.

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Quick comparison

Field	HHISHarvest Diversified High Income Shares ETF	HHICHarvest Canadian High Income Shares ETF
Covered-call approach	Through underlying Harvest single-stock covered-call ETFs	Active covered calls written on its own stock holdings
Geographic focus	Mainly large U.S. companies, technology-heavy	Canadian companies (TSX-listed)
Holdings	About 20 Harvest single-stock ETFs	Concentrated portfolio of about 15 Canadian stocks
Leverage	About 25%, mainly inside the underlying ETFs	About 25%
Currency	CAD, unhedged (HHIS.U trades in USD)	CAD
Distributions	Monthly (variable)	Monthly (variable)
Fees	MER 1.85%; no fund-level management fee, the underlying ETFs charge theirs	0.40% management fee
Provider	Harvest ETFs	Harvest ETFs
Inception	January 16, 2025	August 21, 2025

Facts as of October 2026, from each provider: Harvest ETFs: HHIS, Harvest ETFs: HHIC. Yield and fund size change too often to show here; check the provider before investing.

Key differences

Geography and sectors: HHIS is mostly U.S. technology, communication and consumer companies; HHIC is Canadian financials, energy, resources and communications.
Construction: HHIS is a fund of about 20 single-stock ETFs; HHIC holds about 15 Canadian stocks directly, so it's the more concentrated of the two.
Currency: HHIS's Canadian-dollar units are not hedged, so U.S.-dollar moves affect returns; HHIC's holdings are Canadian.

Income and distributions

Both pay variable monthly distributions from dividends, option premiums and portfolio results, boosted by modest leverage. The amounts can change, and part of a payment can be return of capital rather than income.

Volatile technology stocks tend to earn larger option premiums, so HHIS's income depends heavily on that sector; HHIC's depends more on Canadian dividends. Compare the dollars paid and their trend, not one month's yield.

What Is Return of Capital (ROC)?Why Covered Call ETF Distributions Change

Performance and total return

Both funds are new (HHIS launched in January 2025, HHIC in August 2025), so there's little history to judge them on. Covered calls cap part of the upside, and leverage deepens losses in a decline.

Track total return (price change plus distributions) over matching periods as the history builds, alongside the income received.

Covered Call ETF Total Return: Why Yield Alone Isn't Enough

Underlying exposure

HHIS spreads across about 20 companies, but most are large U.S. technology and growth names that tend to move together, so more tickers doesn't mean much more diversification. HHIC's smaller Canadian basket is shaped by the TSX's banks, energy and resource companies.

Check what you already own: HHIS overlaps with U.S. technology funds and other single-stock income ETFs, HHIC with Canadian banks, pipelines and dividend funds.

Income Portfolio Concentration Risk

The bottom line

HHIS may appeal more if…

One holding for U.S.-company single-stock income strategies fits the plan.
Technology, growth and U.S.-dollar exposure fit the intended role.
Existing holdings don't already overlap with its underlying companies.

HHIC may appeal more if…

Canadian-company income exposure is a deliberate allocation.
A smaller, more concentrated basket is acceptable.
It complements rather than duplicates Canadian banks, energy or dividend funds already owned.

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This page is for general educational purposes only and is not investment advice. ETF characteristics, distributions, fees, and risks can change over time. Review issuer documents and consider your own circumstances before making investment decisions.