USCL.TO vs HDIF.TO: Income Fund Comparison
Global X Enhanced S&P 500 Covered Call ETF - Canada (USCL.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: USCL.TO individual review · HDIF.TO individual review
USCL.TO: MER is 1.65% which is high. HDIF.TO: MER is 2.08% as per ETF Facts (June 30 2025). Higher due to leverage costs - approximately 1.25x leverage. USCL.TO the fund was formed July 5 2023. HDIF.TO february 16 2022 was the fund start date. Fund is over 4 years old - rounds up to 5 years for scoring. Full Dependability and Return scores for both funds are available in the app.
| USCL.TO | HDIF.TO | |
|---|---|---|
| Fund Name | Global X Enhanced S&P 500 Covered Call ETF - Canada | Harvest Diversified Monthly Income ETF - Canada |
| Fund Type | Index Based Fund | Diversified Fund |
| Exchange | TSX | TSX |
| Last Reviewed | 2025-12-09 | 2026-04-28 |
| Author | Adam Hyde, Income Investing Analyst | |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: USCL.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.
MER is 1.65% which is high.
MER is 2.08% as per ETF Facts (June 30 2025). Higher due to leverage costs - approximately 1.25x leverage.
Has over $100 billion in assets under management worldwide.
Harvest ETFs has approximately $11 billion in total assets under management as of March 31 2026.
The fund was formed July 5 2023.
February 16 2022 was the fund start date. Fund is over 4 years old - rounds up to 5 years for scoring.
$260 Million plus under management for USCL and $400 Million under management for USCC which is the non-leveraged version. Combined is over $660 Million.
Fund AUM is $502.59M as of April 27 2026.
Risk: USCL.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.
According to Portfoliovisualizer the beta is low for this fund at 0.9 which is good.
Beta is 0.90 vs SPY over February 2022 to April 2026 - slightly below market. Standalone volatility is 16.75% annualized from weekly total-return data series - low-to-moderate price choppiness. Both beta score and standalone vol score align at 4.
See the full Risk analysis for both USCL.TO and HDIF.TO — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: USCL.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.
Monthly distributions.
Monthly distributions confirmed from the distribution history.
See the full Return analysis for both USCL.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 USCL.TO and HDIF.TO are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions: USCL.TO vs HDIF.TO
Which has a lower expense ratio, USCL.TO or HDIF.TO?
USCL.TO: MER is 1.65% which is high.
HDIF.TO: MER is 2.08% as per ETF Facts (June 30 2025). Higher due to leverage costs - approximately 1.25x leverage.
Which fund has more assets under management, USCL.TO or HDIF.TO?
USCL.TO: $260 Million plus under management for USCL and $400 Million under management for USCC which is the non-leveraged version. Combined is over $660 Million.
HDIF.TO: Fund AUM is $502.59M as of April 27 2026.
Which fund has been trading longer, USCL.TO or HDIF.TO?
USCL.TO: The fund was formed July 5 2023.
HDIF.TO: February 16 2022 was the fund start date. Fund is over 4 years old - rounds up to 5 years for scoring.
Who manages USCL.TO vs HDIF.TO?
USCL.TO: Has over $100 billion in assets under management worldwide.
HDIF.TO: Harvest ETFs has approximately $11 billion in total assets under management as of March 31 2026.
Where can I see the full USCL.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 USCL.TO and HDIF.TO?
Global X Enhanced S&P 500 Covered Call ETF - Canada is a Index Based Fund. MER is 1.65% which is high. Harvest Diversified Monthly Income ETF - Canada is a Diversified Fund. MER is 2.08% as per ETF Facts (June 30 2025). Higher due to leverage costs - approximately 1.25x leverage. Full comparison including Dependability Score is available in the Dependable Income Investing app.
Which is better for income investors, USCL.TO or HDIF.TO?
USCL.TO: MER is 1.65% which is high. The fund was formed July 5 2023. HDIF.TO: MER is 2.08% as per ETF Facts (June 30 2025). Higher due to leverage costs - approximately 1.25x leverage. February 16 2022 was the fund start date. Fund is over 4 years old - rounds up to 5 years for scoring. Which scores higher on Dependability and Return is available in the Dependable Income Investing app.
Do USCL.TO and HDIF.TO pay monthly distributions?
USCL.TO: Monthly distributions. HDIF.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 USCL.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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