A side-by-side comparison of Harvest Diversified Monthly Income ETF - Class A Units (HDIF) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK) to help Canadian investors make an informed decision.
CIBC Investor's Edge
Transfer your investments to CIBC Investor's Edge and get rewarded with an offer of up to $3,000.
- ✓$6.95 flat-rate commissions
- ✓Backed by Big Five bank security
- ✓Transfer bonus offer up to $3,000
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | HDIF | BANK |
|---|---|---|
| YTD Return | +6.23% | +10.61%✓ |
| 1-Day Change | +0.42% | +1.99%✓ |
| 1-Week Change | +1.38%✓ | -1.42% |
| 1-Month Change | +5.64%✓ | +4.07% |
| Current Price | $9.55 | $10.74 |
| AUM | $538M | $1.07B✓ |
| MER (Expense Ratio) | 0%✓ | 60% |
| Dividend Yield | 10.57% | 13.31%✓ |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2022-02-11 | 2022-02-01 |
| Holdings Count | 10 | 9 |
| MorningStar Rating | — | — |
| Category | Alternative Equity Focused | Alternative Equity Focused |
| Beta | 0.00 | 0.00 |
| 52-Week High | $9.55 | $10.87 |
| 52-Week Low | $7.32 | $6.83 |
| 50-Day MA | $8.96 | $10.12 |
| 200-Day MA | $8.88 | $9.45 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | HDIF | BANK |
|---|---|---|
| YTD | +6.23% | +10.61%✓ |
| 1 Year | +30.18% | +54.58%✓ |
| 3 Year | +19.13% | +32.75%✓ |
| 5 Year | — | — |
| 10 Year | — | — |
| 1Y Volatility | 10.75% | 13.18% |
| Sharpe Ratio (3Y) | 1.11 | 1.71 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | HBF | Harvest US Equity Leaders Income ETF | 23.78% |
| 2 | HTA | Harvest Tech Leaders Income ETF | 21.70% |
| 3 | HHIH | Harvest High Income Equity Shares ETF | 12.42% |
| 4 | HLIF | Harvest Canadian Dividend Leaders Income ETF | 11.94% |
| 5 | HHL | Harvest Healthcare Leaders Income ETF | 11.51% |
| 6 | HUTL | Harvest Utilities Leaders Income ETF | 10.83% |
| 7 | TRVI | Harvest Travel & Leisure Income ETF - Class A Units | 8.57% |
| 8 | HUBL | Harvest US Bank Leaders Income ETF Class A | 8.24% |
| 9 | HIND | Harvest Industrial Leaders Income ETF Class A | 7.97% |
| 10 | HVOI | Harvest Low Volatility Canadian Equity Income ETF - Class A Units | 6.46% |
| 1 | NA | National Bank of Canada | 13.69% |
| 2 | CM | Canadian Imperial Bank Of Commerce | 12.89% |
| 3 | GWO | Great-West Lifeco Inc. | 12.64% |
| 4 | POW | Power Corporation Of Canada | 12.62% |
| 5 | TD | Toronto Dominion Bank | 12.38% |
| 6 | SLF | Sun Life Financial Inc. | 12.21% |
| 7 | BMO | Bank of Montreal | 11.98% |
| 8 | RY | Royal Bank of Canada | 11.68% |
| 9 | MFC | Manulife Financial Corp | 11.40% |
Sector Weights
| Sector | HDIF | BANK |
|---|---|---|
| Basic Materials | 1.06% | 0.00% |
| Communication Services | 10.34% | 0.00% |
| Consumer Cyclicals | 9.66% | 0.00% |
| Consumer Defensive | 3.93% | 0.00% |
| Energy | 5.25% | 0.00% |
| Financial Services | 15.63% | 100.00% |
| Healthcare | 11.39% | 0.00% |
| Industrials | 9.44% | 0.00% |
| Real Estate | 0.75% | 0.00% |
| Technology | 27.57% | 0.00% |
| Utilities | 4.98% | 0.00% |
About HDIF
NA
About BANK
NA
Which ETF is Right for You?
Both HDIF 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 HDIF and BANK?
HDIF (Harvest Diversified Monthly Income ETF - Class A Units) and BANK (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) are both Canadian-listed ETFs. Key differences include their AUM ($538M vs $1.07B), dividend yield (10.57% vs 13.31%), and year-to-date performance (+6.23% vs +10.61%).
Is HDIF 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 HDIF and BANK on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both HDIF and BANK should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
7 stocks to buy and hold forever
Complement your ETF portfolio with these proven long-term individual stocks.
Get the FREE Report