HHLE.TO Review: Harvest Healthcare Leaders Enhanced Income ETF - Canada
Harvest Healthcare Leaders Enhanced Income ETF - Canada (HHLE.TO) is a sector based fund - health care listed on the TSX. Below is our independent review using the Dependable Income Investing 13-factor scoring system, covering Fund Attributes, Risk, and Return — designed specifically for income-focused investors.
Fund Attributes 20% of overall score
Fund Attributes cover the foundational characteristics of HHLE.TO: cost, company backing, track record, and size. These factors reflect the fund's stability and cost-efficiency.
Expense Ratio (25%)
MER is approximately 2.5% including additional costs from 25% leverage. This is high.
Fund Company Size (5%)
Harvest ETFs manages over $10 billion in assets under management as of 2026. Upgraded from $5 Billion in the previous review.
Fund History (40%)
Fund inception date was Oct 25th 2022 - approximately 3.3 years of history as of review date (rounded up to 4 years for scoring).
Fund AUM (30%)
$92.10 Million in assets under management. Fund has grown significantly from $48 Million in the previous review but remains a relatively small fund.
Risk 35% of overall score
Risk factors evaluate how HHLE.TO manages volatility, diversification, and the nature of its underlying assets. These are critical for income investors who prioritise capital preservation.
Volatility
Lower volatility may indicate more stability — important for investors living off their income.
Beta is 0.63 vs SPY (2022-11-04 to 2026-03-06) which is lower than the overall market.
Sector Diversification
Holding across more sectors reduces the impact of any single industry downturn.
Geographic Diversification
Exposure across geographies can reduce risk from any single country's economic conditions.
Fund Risk
The fund's overall risk profile, based on self-reported classifications where available.
Underlying Assets
What the fund actually holds — stocks, bonds, synthetics, or other funds — affects risk profile significantly.
See our full Risk analysis for HHLE.TO — including analyst notes on volatility, diversification, and underlying assets.
View Plans →Return 45% of overall score
Return factors assess the income generation quality of HHLE.TO: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.
Yield
The current dividend yield, reflecting the annual income generated relative to fund price.
Yield Stability
How consistent the distribution amounts have been over time — critical for income investors who budget around payments.
Capital History
The fund's track record of price appreciation or depreciation, reflecting total return alongside income.
Distribution Frequency
How often the fund pays distributions — monthly payments are generally preferred by income investors.
Monthly distributions.
See our full Return analysis for HHLE.TO — yield rating, distribution consistency score, 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 is designed to answer the question income investors care about most: can I depend on this fund to pay me reliably?
Full scores, ratings, and analyst notes are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions About HHLE.TO
What is HHLE.TO's expense ratio?
MER is approximately 2.5% including additional costs from 25% leverage. This is high.
How long has HHLE.TO been trading?
Fund inception date was Oct 25th 2022 - approximately 3.3 years of history as of review date (rounded up to 4 years for scoring).
How large is HHLE.TO by assets under management?
$92.10 Million in assets under management. Fund has grown significantly from $48 Million in the previous review but remains a relatively small fund.
Who manages HHLE.TO?
Harvest ETFs manages over $10 billion in assets under management as of 2026. Upgraded from $5 Billion in the previous review.
Where can I see the full HHLE.TO review?
The complete 13-factor review — including all Risk and Return scores, analyst notes, and your Dependability Score — is available in the Dependable Income Investing app.
Does HHLE.TO pay monthly dividends?
Monthly distributions. Full distribution history and yield stability score are available in the Dependable Income Investing app.
Is HHLE.TO a high-volatility fund?
Beta is 0.63 vs SPY (2022-11-04 to 2026-03-06) which is lower than the overall market. See the full volatility score and risk analysis in the Dependable Income Investing app.
How often does HHLE.TO pay distributions?
Monthly distributions. Distribution consistency and yield stability ratings are available in the app.
See the Full HHLE.TO Review
The Dependable Income Investing app gives you the complete picture: all 13 scoring factors, analyst notes, Dependability Score, and tools to compare HHLE.TO against other income funds side by side.
View Plans →Also available: free fund comparison tools in the app.