HYLD.TO vs HDIF.TO: Income Fund Comparison
Hamilton Enhanced U.S. Covered Call ETF - Canada (HYLD.TO) and Harvest Diversified Monthly Income ETF - Canada (HDIF.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: HYLD.TO individual review · HDIF.TO individual review
HYLD.TO: Fund is subject to the fees of the underlying portfolio. You pay the aggregate fees of all the child ETF's contained within. This is 2.37% which is a very high expense ratio. Info at: https://hamiltonetfs.com/wp-content/uploads/2025/01/ETF-Facts-HYLD-EN-2025-01.pdf HDIF.TO: ETF is subject to fees of the underlying ETFs in the portfolio. MER is 2.47% which is high. HYLD.TO the inception date for HYLD was February 4 2022. HDIF.TO february 16th 2022 was fund start date. Full Dependability and Return scores for both funds are available in the app.
| HYLD.TO | HDIF.TO | |
|---|---|---|
| Fund Name | Hamilton Enhanced U.S. Covered Call ETF - Canada | Harvest Diversified Monthly Income ETF - Canada |
| Fund Type | Diversified Fund | Diversified Fund |
| Exchange | TSX | TSX |
| Last Reviewed | 2025-12-24 | 2025-04-14 |
| Author | Adam Hyde, Income Investing Analyst | |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: HYLD.TO vs HDIF.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.
Fund is subject to the fees of the underlying portfolio. You pay the aggregate fees of all the child ETF's contained within. This is 2.37% which is a very high expense ratio. Info at: https://hamiltonetfs.com/wp-content/uploads/2025/01/ETF-Facts-HYLD-EN-2025-01.pdf
ETF is subject to fees of the underlying ETFs in the portfolio. MER is 2.47% which is high.
Hamilton has over $9 billion in assets under management.
Harvest has over $5.8 Billion in total assets under management.
The inception date for HYLD was February 4 2022.
February 16th 2022 was fund start date.
$1 Billion AUM for this fund.
$387 Million AUM for the fund.
Risk: HYLD.TO vs HDIF.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.
Volatility beta is about the same as the S&P. Note that the fund uses 25% leverage to increase returns so this increases its volatility slightly.
The beta of the fund is about 0.93- slightly lower than the market.
See the full Risk analysis for both HYLD.TO and HDIF.TO — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: HYLD.TO vs HDIF.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 HYLD.TO and HDIF.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 HYLD.TO and HDIF.TO are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions: HYLD.TO vs HDIF.TO
Which has a lower expense ratio, HYLD.TO or HDIF.TO?
HYLD.TO: Fund is subject to the fees of the underlying portfolio. You pay the aggregate fees of all the child ETF's contained within. This is 2.37% which is a very high expense ratio. Info at: https://hamiltonetfs.com/wp-content/uploads/2025/01/ETF-Facts-HYLD-EN-2025-01.pdf
HDIF.TO: ETF is subject to fees of the underlying ETFs in the portfolio. MER is 2.47% which is high.
Which fund has more assets under management, HYLD.TO or HDIF.TO?
HYLD.TO: $1 Billion AUM for this fund.
HDIF.TO: $387 Million AUM for the fund.
Which fund has been trading longer, HYLD.TO or HDIF.TO?
HYLD.TO: The inception date for HYLD was February 4 2022.
HDIF.TO: February 16th 2022 was fund start date.
Who manages HYLD.TO vs HDIF.TO?
HYLD.TO: Hamilton has over $9 billion in assets under management.
HDIF.TO: Harvest has over $5.8 Billion in total assets under management.
Where can I see the full HYLD.TO vs HDIF.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 HYLD.TO and HDIF.TO?
Hamilton Enhanced U.S. Covered Call ETF - Canada is a Diversified Fund. Fund is subject to the fees of the underlying portfolio. You pay the aggregate fees of all the child ETF's contained within. This is 2.37% which is a very high expense ratio. Info at: https://hamiltonetfs.com/wp-content/uploads/2025/01/ETF-Facts-HYLD-EN-2025-01.pdf. 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. Full comparison including Dependability Score is available in the Dependable Income Investing app.
Which is better for income investors, HYLD.TO or HDIF.TO?
HYLD.TO: Fund is subject to the fees of the underlying portfolio. You pay the aggregate fees of all the child ETF's contained within. This is 2.37% which is a very high expense ratio. Info at: https://hamiltonetfs.com/wp-content/uploads/2025/01/ETF-Facts-HYLD-EN-2025-01.pdf. The inception date for HYLD was February 4 2022. 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. Which scores higher on Dependability and Return is available in the Dependable Income Investing app.
Do HYLD.TO and HDIF.TO pay monthly distributions?
HYLD.TO: Pays Monthly. HDIF.TO: Monthly distributions. Full yield and distribution stability scores for both funds are available in the Dependable Income Investing app.
See the Full HYLD.TO vs HDIF.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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