Underlying Assets: NVHE.TO's price mirrors the net asset value (NAV) of its holdings, primarily Canadian high-interest savings account ETFs. Performance of these underlying ETFs directly impacts NVHE.TO's price.

Interest Rate Environment: Changes in Canadian interest rates affect the yields of the underlying high-interest savings account ETFs. Higher interest rates generally lead to increased yields, boosting NVHE.TO's price and vice versa.

Supply and Demand: Market forces of supply and demand influence NVHE.TO's price. Increased demand drives the price up, while increased supply can cause it to fall.

Management Fees: The ETF's management expense ratio (MER) impacts its overall return. Higher fees can slightly reduce the net return, potentially affecting its price relative to its NAV.

Economic Conditions: Broad economic factors like inflation, unemployment, and overall economic growth can indirectly influence interest rates and investor sentiment, affecting demand for NVHE.TO.

Competition: The availability and performance of similar high-interest savings account ETFs can impact investor interest in NVHE.TO, thus affecting its price.

Investor Sentiment: Overall market sentiment and risk appetite influence investment decisions. During periods of risk aversion, investors might flock to safer assets like high-interest savings account ETFs, increasing demand and price.

Index Tracking: NVHE.TO aims to track the performance of its underlying assets. Any discrepancies or tracking errors can lead to deviations between its price and the NAV of its holdings.