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: MER is 0.68% for the ETF. They also have a mutual fund version which is 1.8% MER. HRIF.TO: ETF is subject to fees of the underlying ETFs in the portfolio. MER is 0.95% which is on the higher side. ESPX.TO fund started Jan 9 2023 HRIF.TO april 12th 2023 was fund start date. 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 | 2025-08-25 | 2025-04-14 |
| 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.
MER is 0.68% for the ETF. They also have a mutual fund version which is 1.8% MER.
ETF is subject to fees of the underlying ETFs in the portfolio. MER is 0.95% which is on the higher side.
Evolve has over $7 Billion in Assets Under Management.
Harvest has over $5.8 Billion in total assets under management.
Fund started Jan 9 2023
April 12th 2023 was fund start date.
$285 Million in AUM in this fund.
$19 Million AUM for the fund.
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.
According to portfolio visualizer the beta is 0.88.
According to Portfolio Visualizer The beta of the fund is about 0.77 - less volatile than the market.
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.
Monthly distributions.
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: MER is 0.68% for the ETF. They also have a mutual fund version which is 1.8% MER.
HRIF.TO: ETF is subject to fees of the underlying ETFs in the portfolio. MER is 0.95% which is on the higher side.
Which fund has more assets under management, ESPX.TO or HRIF.TO?
ESPX.TO: $285 Million in AUM in this fund.
HRIF.TO: $19 Million AUM for the fund.
Which fund has been trading longer, ESPX.TO or HRIF.TO?
ESPX.TO: Fund started Jan 9 2023
HRIF.TO: April 12th 2023 was fund start date.
Who manages ESPX.TO vs HRIF.TO?
ESPX.TO: Evolve has over $7 Billion in Assets Under Management.
HRIF.TO: Harvest has over $5.8 Billion in total assets under management.
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. MER is 0.68% for the ETF. They also have a mutual fund version which is 1.8% MER. Harvest Diversified Equity Income ETF - Canada is a Diversified Fund. ETF is subject to fees of the underlying ETFs in the portfolio. MER is 0.95% which is on the higher side. 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: MER is 0.68% for the ETF. They also have a mutual fund version which is 1.8% MER. Fund started Jan 9 2023. HRIF.TO: ETF is subject to fees of the underlying ETFs in the portfolio. MER is 0.95% which is on the higher side. April 12th 2023 was fund start date. 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. HRIF.TO: Monthly distributions. 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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