ESPX.TO vs HRIF.TO: Income Fund Comparison
Evolve S&P 500 Enhanced Yield Fund - Canada (ESPX.TO) and Harvest Diversified Equity Income ETF - Canada (HRIF.TO) are both income-focused funds. Below is our independent side-by-side review using the Dependable Income Investing 13-factor scoring system — designed specifically for income investors seeking reliable, sustainable distributions.
Also see: ESPX.TO individual review · HRIF.TO individual review
ESPX.TO: ETF Facts MER for the CAD hedged ESPX class is 0.66%. HRIF.TO: MER is 0.99% as per ETF Facts (December 31 2025). No management fee charged at fund level - costs reflect the underlying ETF fees. ESPX.TO fund started January 9 2023 - about 3.7 years old - rounds up to 4 years. HRIF.TO april 12 2023 was the fund start date. Fund is over 3 years old - rounds up to 4 years for scoring. Full Dependability and Return scores for both funds are available in the app.
| ESPX.TO | HRIF.TO | |
|---|---|---|
| Fund Name | Evolve S&P 500 Enhanced Yield Fund - Canada | Harvest Diversified Equity Income ETF - Canada |
| Fund Type | Index Based Fund | Diversified Fund |
| Exchange | TSX | TSX |
| Last Reviewed | Sep 8, 2026 | Apr 28, 2026 |
| Author | Adam Hyde, Income Investing Analyst | |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: ESPX.TO vs HRIF.TO 20% of overall score
Fund Attributes cover the foundational characteristics of each fund: cost, company backing, track record, and size. These factors reflect stability and cost-efficiency for long-term income investors.
ETF Facts MER for the CAD hedged ESPX class is 0.66%.
MER is 0.99% as per ETF Facts (December 31 2025). No management fee charged at fund level - costs reflect the underlying ETF fees.
Evolve now has over $10 billion in total assets under management.
Harvest ETFs has approximately $11 billion in total assets under management as of March 31 2026.
Fund started January 9 2023 - about 3.7 years old - rounds up to 4 years.
April 12 2023 was the fund start date. Fund is over 3 years old - rounds up to 4 years for scoring.
Fund total net assets across all classes are about $364.5 million.
Fund AUM is $29.53M as of April 27 2026.
Risk: ESPX.TO vs HRIF.TO 35% of overall score
Risk factors evaluate how each fund manages volatility, diversification, and the nature of its underlying assets — critical considerations for income investors who prioritise capital preservation.
Beta is 0.92 vs SPY (2023-01-20 to 2026-09-06) and standalone volatility (annualized weekly total returns) is about 13.2% - both point to a low-to-moderate volatility rating.
Beta is 0.57 vs SPY over April 2023 to April 2026.
See the full Risk analysis for both ESPX.TO and HRIF.TO — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: ESPX.TO vs HRIF.TO 45% of overall score
Return factors assess income generation quality: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.
Pays monthly - confirmed from the distribution history table.
Monthly distributions confirmed from the distribution history.
See the full Return analysis for both ESPX.TO and HRIF.TO — yield ratings, distribution consistency scores, and capital history.
View Plans →Our Review Methodology
Every fund reviewed on Dependable Income Investing is scored using our 13-factor Fund Report Card, organised into three weighted categories: Fund Attributes (20%), Risk (35%), and Return (45%). Each criterion is rated 1–5 by our analysts based on publicly available fund data.
We also calculate a Dependability Score — a weighted composite of six income-specific factors ranked by importance for retirement income investors: Yield Stability, Yield, Volatility, Capital History, Fund Risk, and Underlying Assets. This score answers the question income investors care about most: can I depend on this fund to pay me reliably?
Full scores, ratings, and analyst notes for both ESPX.TO and HRIF.TO are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions: ESPX.TO vs HRIF.TO
Which has a lower expense ratio, ESPX.TO or HRIF.TO?
ESPX.TO: ETF Facts MER for the CAD hedged ESPX class is 0.66%.
HRIF.TO: MER is 0.99% as per ETF Facts (December 31 2025). No management fee charged at fund level - costs reflect the underlying ETF fees.
Which fund has more assets under management, ESPX.TO or HRIF.TO?
ESPX.TO: Fund total net assets across all classes are about $364.5 million.
HRIF.TO: Fund AUM is $29.53M as of April 27 2026.
Which fund has been trading longer, ESPX.TO or HRIF.TO?
ESPX.TO: Fund started January 9 2023 - about 3.7 years old - rounds up to 4 years.
HRIF.TO: April 12 2023 was the fund start date. Fund is over 3 years old - rounds up to 4 years for scoring.
Who manages ESPX.TO vs HRIF.TO?
ESPX.TO: Evolve now has over $10 billion in total assets under management.
HRIF.TO: Harvest ETFs has approximately $11 billion in total assets under management as of March 31 2026.
Where can I see the full ESPX.TO vs HRIF.TO comparison with scores?
The complete side-by-side comparison — including all Risk and Return scores, analyst notes, Overall Score, and Dependability Score for both funds — is available in the Dependable Income Investing app.
What is the difference between ESPX.TO and HRIF.TO?
Evolve S&P 500 Enhanced Yield Fund - Canada is a Index Based Fund. ETF Facts MER for the CAD hedged ESPX class is 0.66%. Harvest Diversified Equity Income ETF - Canada is a Diversified Fund. MER is 0.99% as per ETF Facts (December 31 2025). No management fee charged at fund level - costs reflect the underlying ETF fees. Full comparison including Dependability Score is available in the Dependable Income Investing app.
Which is better for income investors, ESPX.TO or HRIF.TO?
ESPX.TO: ETF Facts MER for the CAD hedged ESPX class is 0.66%. Fund started January 9 2023 - about 3.7 years old - rounds up to 4 years. HRIF.TO: MER is 0.99% as per ETF Facts (December 31 2025). No management fee charged at fund level - costs reflect the underlying ETF fees. April 12 2023 was the fund start date. Fund is over 3 years old - rounds up to 4 years for scoring. Which scores higher on Dependability and Return is available in the Dependable Income Investing app.
Do ESPX.TO and HRIF.TO pay monthly distributions?
ESPX.TO: Pays monthly - confirmed from the distribution history table. HRIF.TO: Monthly distributions confirmed from the distribution history. Full yield and distribution stability scores for both funds are available in the Dependable Income Investing app.
See the Full ESPX.TO vs HRIF.TO Comparison
The Dependable Income Investing app gives you the complete picture: all 13 scoring factors for both funds, Risk and Return analyst notes, Dependability Scores, and tools to compare any income fund side by side.
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