VS
Harvest Low Volatility Canadian Equity Income ETF (HVOI) and Global X S&P/TSX 60 Index ETF (CNDX) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HVOI focuses its top 3 sector exposures on Finance, Energy, and Industrials, while CNDX leans towards Finance, Energy, and Non-Energy Materials. When evaluating costs, HVOI features a management fee (MER) of 0.65%, compared to 0.13% for CNDX. Performance-wise, HVOI has returned 10.36% year-to-date with -$10 M in net flows, whereas CNDX is at 17.54% with +$389 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
HVOI
CNDX
| AuM | $45.64 M | $1,140.56 M |
| Management Fees | 0.65% | 0.13% |
| Exp. ratio | 0.65% | 0.02% |
| Tracking Difference | - | -0.08% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HVOI | -0.31% | +4.40% | +10.36% | +16.00% | - |
CNDX | +2.24% | +6.72% | +17.54% | +29.40% | - | |
| Flows | HVOI | -$0 M | -$34 M | -$10 M | -$0 M | - |
CNDX | -$203 M | -$189 M | +$389 M | +$442 M | - |
HVOI vs CNDX exposure
Countries
HVOI
Canada
96.70%
CNDX
Canada
97.48%
Sectors
HVOI
Finance
39.27%
Energy
13.46%
Industrials
9.86%
Utilities
7.70%
Consumer Non-Cyclicals
7.61%
Other
22.10%
CNDX
Finance
47.59%
Energy
17.59%
Non-Energy Materials
11.46%
Other
23.36%
As of September 3, 2026
Top 10 Holdings
HVOI
Bank of Montreal
4.29%
The Bank of Nova Scotia
4.23%
The Toronto-Dominion Bank
4.16%
Canadian Imperial Bank of Commerce
4.11%
National Bank of Canada
4.04%
Royal Bank of Canada
4.01%
Canadian Pacific Kansas City Ltd.
3.94%
Sun Life Financial, Inc.
3.91%
Canadian National Railway Co.
3.83%
Fortis, Inc.
3.55%
CNDX
Royal Bank of Canada
10.09%
The Toronto-Dominion Bank
6.91%
Shopify, Inc.
4.93%
Bank of Montreal
4.34%
Enbridge, Inc.
4.10%
Canadian Imperial Bank of Commerce
3.76%
The Bank of Nova Scotia
3.72%
Canadian Natural Resources Ltd.
3.43%
Brookfield Corp.
3.13%
Suncor Energy, Inc.
2.74%
Diversification
HVOI
Total weight of top 10 holdings out of 40 total
40.09%
CNDX
Total weight of top 10 holdings out of 60 total
47.14%
Characteristics
Compare
HVOI
CNDX
| Provider | Harvest Portfolios Group | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P/TSX 60 Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.78% | 2.12% |
| Meets ESG criteria | No | No |
| Inception Date | April 15, 2025 | May 14, 2024 |
Frequently asked questions about HVOI and CNDX
Which ETF has performed better year to date: HVOI or CNDX?
As of September 3, 2026, HVOI has returned 10.36% year to date, while CNDX has returned 17.54%. CNDX is ahead on YTD performance.
Which ETF is larger by assets under management: HVOI or CNDX?
As of September 3, 2026, HVOI manages $45.64 M in assets, while CNDX manages $1.14 B. CNDX is the larger fund by AUM.
How are HVOI and CNDX managed?
HVOI is actively managed by Harvest Portfolios Group. It does not track an index. CNDX is passively managed by Global X. It tracks the S&P/TSX 60 Total Return Index - CAD benchmark.
What sectors do HVOI and CNDX emphasize?
HVOI is most exposed to Finance, Energy, and Industrials. CNDX is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: HVOI or CNDX?
Year to date, HVOI has seen -$9.56 M in net flows, compared with +$389.06 M for CNDX. CNDX has attracted more net investor money so far.
How do the fees of HVOI and CNDX compare?
HVOI has an expense ratio of 0.65%, while CNDX has an expense ratio of 0.02%.
What are the top holdings of HVOI and CNDX?
HVOI's largest holdings include Bank of Montreal, The Bank of Nova Scotia, and The Toronto-Dominion Bank. CNDX's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: HVOI or CNDX?
HVOI holds 40 securities, while CNDX holds 60. On holdings count, CNDX is the more diversified portfolio.
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.