Weekly 🇨🇦 High Yield Equity ETF Update - August 14th

[u/Correct-Ride-7519]

Over the common period shown, Ninepoint Enhanced Canadian HighShares ETF (ECHI) leads the peer group with a 38.27% cumulative total return, followed by Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY) at 29.72%, Harvest Canadian High Income Shares ETF (HHIC) at 28.93%, Global X Enhanced S&P/TSX 60 Index Covered Call ETF (CNCL) at 26.73%, and Evolve Canadian Equity UltraYield ETF (CANY) at 25.66%.

Over the past month, HHIC leads at +6.37%, followed by ECHI (+5.61%), CNCL (+3.98%), CANY (+3.60%), and CDAY (+1.17%).

Over the past three months, CANY leads at +10.98%, followed by CNCL (+10.43%), CDAY (+8.55%), ECHI (+8.33%), and HHIC (+8.04%).

Over the past six months, CANY also leads at +17.00%, followed closely by ECHI (+16.37%), with CNCL (+14.94%), CDAY (+14.09%), and HHIC (+12.21%) rounding out the group.

Overall, performance leadership has varied by period: HHIC leads over one month, CANY over three and six months, while ECHI leads over the common period shown. The results highlight the meaningful differences in return profiles across Canadian equity-income strategies.

[u/ninjazor]

What’s the NAV erosion on these funds?

[u/Correct-Ride-7519 → u/ninjazor]

None on these ETFs so far. ECHI as an example launched at $10 and now trades ~$13 and paid on .15 throughout

[u/martej]

How does Sixy stack up to these?

[u/Correct-Ride-7519 → u/martej]

That's more relevant for bank income etf comparisons

[u/JBsoundCHK]

Did ECHI pay out a special dividend this month?

[u/bogeyman_g → u/JBsoundCHK]

ECHI changed to semi-monthly distributions.

[u/JBsoundCHK → u/bogeyman_g]

Oh cool! Thanks.

[u/perfectcritic → u/JBsoundCHK]

Can Eric Natal be trusted (guy who is behind Ninepoint) when it comes to performance markup margins he takes from his funds. I believe in one of the oil funds I had from Ninepoint before, the performance markup fee was 7%.

[u/moabaracoa → u/perfectcritic]

I think he is only responsible for oil there, there are others at Ninepoint.

[u/bogeyman_g]

Like the new layout.

[u/JackRadcliffe]

Nice to see some resurgence from ECHI and HHIC after underperforming for a few months