Canadian ETF comparison

HONE vs EASY: All-in-One High Income ETF Comparison

HONE and EASY each package a provider's covered-call ETFs into one ticker for global equity income. HONE holds three Harvest High Income Shares ETFs, led by U.S. mega-cap growth stocks, unhedged. EASY holds Evolve's U.S., Canadian and international UltraYield ETFs, with more leverage and hedged to the Canadian dollar.

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Quick comparison

Field	HONEHarvest All-In-One High Income Shares ETF	EASYEvolve All-in-One UltraYield ETF
Covered-call approach	Through underlying Harvest High Income Shares ETFs	Through underlying UltraYield ETFs, which write calls on about 50% of their portfolios
Geographic focus	U.S. mega-cap growth, Canada and international	U.S., Canadian and international equities
Holdings	3 Harvest ETFs: HHIS 40%, HHIC 30%, HHII 30% at launch	3 Evolve ETFs: BIGY (U.S.), CANY (Canada), INTY (international)
Leverage	About 25%, inside the underlying ETFs	Up to 33%, inside the underlying ETFs
Currency	CAD, unhedged	CAD, hedged to the Canadian dollar
Distributions	Monthly (variable)	Twice a month
Fees	No fund-level management fee; the underlying ETFs charge theirs	No fund-level management fee; the underlying ETFs charge 0.40% to 0.60%
Provider	Harvest ETFs	Evolve ETFs
Inception	October 1, 2026	March 11, 2026

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

Key differences

What's inside: HONE leans on HHIS (40%), so large U.S. technology and growth companies drive much of it; EASY spreads across Evolve's U.S., Canadian and international equity income ETFs.
Leverage and currency: EASY's underlying funds borrow up to 33% and it's hedged to the Canadian dollar; HONE's borrow about 25% and it's unhedged, so U.S.-dollar moves show up in its returns.
Payments: EASY pays twice a month, HONE monthly. The payment schedule doesn't change the yearly total, but it matters if you budget from the cash.

Income and distributions

Both pay variable distributions from the option premiums, dividends and results of their underlying funds, boosted by borrowing. Neither payment is guaranteed, and part of a payment can be return of capital rather than income.

Neither fund charges its own management fee, but both pay the fees of the ETFs they hold, plus borrowing costs. Compare the dollars received and their trend, not a single month's annualized yield.

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

Performance and total return

Both are new: EASY launched in March 2026 and HONE in October 2026, so there's very little history to compare. Covered calls cap part of the upside in rallies, and leverage deepens losses in a decline, more so at EASY's 33% than HONE's 25%.

As history builds, compare total return (price change plus distributions) over matching periods, alongside the income paid.

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

Underlying exposure

HONE is a mix of three Harvest funds: about 20 large U.S. companies through HHIS, a concentrated Canadian portfolio through HHIC, and international companies through HHII. EASY's three funds cover large U.S., Canadian and international companies.

If you already own HHIS, HHIC or other single-stock income ETFs, HONE adds more of the same companies. Check the current weights on each provider's page before adding either.

Income Portfolio Concentration Risk

The bottom line

HONE may appeal more if…

U.S. technology and growth companies are wanted as the largest part of the income portfolio.
Unhedged U.S.-dollar exposure and about 25% leverage fit the plan.
It doesn't duplicate Harvest High Income Shares ETFs already owned.

EASY may appeal more if…

Broad U.S., Canadian and international equity income in one holding is the goal.
Hedging to the Canadian dollar is preferred.
Up to 33% leverage and twice-monthly payments suit the investor.

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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.