HDIF.TO vs HRIF.TO: Income Fund Comparison
Harvest Diversified Monthly Income ETF - Canada (HDIF.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: HDIF.TO individual review · HRIF.TO individual review
HDIF.TO: ETF is subject to fees of the underlying ETFs in the portfolio. MER is 2.47% which is high. HRIF.TO: ETF is subject to fees of the underlying ETFs in the portfolio. MER is 0.95% which is on the higher side. HDIF.TO february 16th 2022 was fund start date. HRIF.TO april 12th 2023 was fund start date. Full Dependability and Return scores for both funds are available in the app.
| HDIF.TO | HRIF.TO | |
|---|---|---|
| Fund Name | Harvest Diversified Monthly Income ETF - Canada | Harvest Diversified Equity Income ETF - Canada |
| Fund Type | Diversified Fund | Diversified Fund |
| Exchange | TSX | TSX |
| Last Reviewed | 2025-04-14 | 2025-04-14 |
| Author | Adam Hyde, Income Investing Analyst | |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: HDIF.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 is subject to fees of the underlying ETFs in the portfolio. MER is 2.47% which is high.
ETF is subject to fees of the underlying ETFs in the portfolio. MER is 0.95% which is on the higher side.
Harvest has over $5.8 Billion in total assets under management.
Harvest has over $5.8 Billion in total assets under management.
February 16th 2022 was fund start date.
April 12th 2023 was fund start date.
$387 Million AUM for the fund.
$19 Million AUM for the fund.
Risk: HDIF.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.
The beta of the fund is about 0.93- slightly lower than the market.
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 HDIF.TO and HRIF.TO — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: HDIF.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.
Monthly distributions.
Monthly distributions.
See the full Return analysis for both HDIF.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 HDIF.TO and HRIF.TO are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions: HDIF.TO vs HRIF.TO
Which has a lower expense ratio, HDIF.TO or HRIF.TO?
HDIF.TO: ETF is subject to fees of the underlying ETFs in the portfolio. MER is 2.47% which is high.
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, HDIF.TO or HRIF.TO?
HDIF.TO: $387 Million AUM for the fund.
HRIF.TO: $19 Million AUM for the fund.
Which fund has been trading longer, HDIF.TO or HRIF.TO?
HDIF.TO: February 16th 2022 was fund start date.
HRIF.TO: April 12th 2023 was fund start date.
Who manages HDIF.TO vs HRIF.TO?
HDIF.TO: Harvest has over $5.8 Billion in total assets under management.
HRIF.TO: Harvest has over $5.8 Billion in total assets under management.
Where can I see the full HDIF.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 HDIF.TO and HRIF.TO?
Harvest Diversified Monthly Income ETF - Canada is a Diversified Fund. ETF is subject to fees of the underlying ETFs in the portfolio. MER is 2.47% which is high. 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, HDIF.TO or HRIF.TO?
HDIF.TO: ETF is subject to fees of the underlying ETFs in the portfolio. MER is 2.47% which is high. February 16th 2022 was fund start date. 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 HDIF.TO and HRIF.TO pay monthly distributions?
HDIF.TO: Monthly distributions. HRIF.TO: Monthly distributions. Full yield and distribution stability scores for both funds are available in the Dependable Income Investing app.
See the Full HDIF.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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