VS
Harvest Premium Yield Treasury ETF (HPYT) and Mackenzie US TIPS Index ETF (QTIP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HPYT focuses its top 3 sector exposures on Sovereign and Non-Corporate, while QTIP leans towards Sovereign. When evaluating costs, HPYT features a management fee (MER) of 0.45%, compared to 0.15% for QTIP. Performance-wise, HPYT has returned 2.99% year-to-date with -$132 M in net flows, whereas QTIP is at 2.08% with +$6 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
HPYT
QTIP
| AuM | $269.58 M | $394.55 M |
| Management Fees | 0.45% | 0.15% |
| Exp. ratio | 0.69% | 0.17% |
| Tracking Difference | - | -0.09% |
Historical performance and flows
As of September 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HPYT | +0.38% | -3.51% | -2.99% | -3.09% | - |
QTIP | -1.77% | -2.37% | -2.08% | -2.84% | +6.50% | |
| Flows | HPYT | -$22 M | -$50 M | -$132 M | -$175 M | - |
QTIP | +$17 M | +$19 M | +$6 M | +$34 M | +$16 M |
HPYT vs QTIP exposure
Countries
HPYT
USA
98.93%
QTIP
USA
100.00%
Sectors
HPYT
Sovereign
99.40%
QTIP
Sovereign
100.00%
As of September 18, 2026
Top 10 Holdings
HPYT
USA, Bonds 4.125% 15aug2053, USD
4.00%
USA, Bonds 4.75% 15nov2053, USD
3.92%
USA, Bonds 4.75% 15may2055, USD
3.89%
USA, Bonds 4.625% 15may2054, USD
3.83%
USA, Bonds 4.25% 15feb2054, USD
3.56%
USA, Bonds 4.75% 15feb2056, USD
3.50%
USA, Bonds 4.25% 15aug2054, USD
3.48%
USA, Bonds 4.625% 15feb2055, USD
3.38%
USA, Bonds 3.625% 15may2053, USD
3.33%
USA, Bonds 4.5% 15nov2054, USD
3.28%
QTIP
USA, TIPS 1.875% 15jul2034, USD (D-2034)
5.31%
USA, TIPS 1.875% 15jul2035, USD (D-2035)
5.13%
USA, TIPS 0.125% 15jan2031, USD (A-2031)
5.11%
USA, TIPS 0.125% 15jul2031, USD (D-2031)
5.01%
USA, TIPS 1.75% 15jan2034, USD (A-2034)
4.83%
USA, TIPS 2.125% 15jan2035, USD (A-2035)
4.73%
USA, TIPS 0.875% 15jan2029, USD (A-2029)
4.38%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
4.26%
USA, TIPS 0.5% 15jan2028, USD (A-2028)
3.82%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
3.75%
Diversification
HPYT
Total weight of top 10 holdings out of 185 total
36.18%
QTIP
Total weight of top 10 holdings out of 45 total
46.33%
Characteristics
Compare
HPYT
QTIP
| Provider | Harvest Portfolios Group | Mackenzie Investments |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive US Treasury Inflation-Linked Bond Hedged to CAD TR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 15.99% | 5.65% |
| Meets ESG criteria | No | No |
| Inception Date | September 28, 2023 | January 24, 2018 |
Frequently asked questions about HPYT and QTIP
Which ETF has performed better year to date: HPYT or QTIP?
As of September 18, 2026, HPYT has returned -2.99% year to date, while QTIP has returned -2.08%. QTIP is ahead on YTD performance.
Which ETF is larger by assets under management: HPYT or QTIP?
As of September 18, 2026, HPYT manages $269.58 M in assets, while QTIP manages $394.55 M. QTIP is the larger fund by AUM.
How are HPYT and QTIP managed?
HPYT is actively managed by Harvest Portfolios Group. It does not track an index. QTIP is passively managed by Mackenzie Investments. It tracks the Solactive US Treasury Inflation-Linked Bond Hedged to CAD TR Index - CAD benchmark.
What sectors do HPYT and QTIP emphasize?
HPYT is most exposed to Sovereign and Non-Corporate. QTIP is most exposed to Sovereign.
Which ETF is attracting more investor flows: HPYT or QTIP?
Year to date, HPYT has seen -$131.67 M in net flows, compared with +$5.59 M for QTIP. QTIP has attracted more net investor money so far.
How do the fees of HPYT and QTIP compare?
HPYT has an expense ratio of 0.69%, while QTIP has an expense ratio of 0.17%.
What are the top holdings of HPYT and QTIP?
HPYT's largest holdings include USA, Bonds 4.125% 15aug2053, USD, USA, Bonds 4.75% 15nov2053, USD, and USA, Bonds 4.75% 15may2055, USD. QTIP's top holdings include USA, TIPS 1.875% 15jul2034, USD (D-2034), USA, TIPS 1.875% 15jul2035, USD (D-2035), and USA, TIPS 0.125% 15jan2031, USD (A-2031).
Which ETF is more diversified: HPYT or QTIP?
HPYT holds 146 securities, while QTIP holds 45. On holdings count, HPYT is the more diversified portfolio.
Recent articles about HPYT and QTIP
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