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Harvest Meta Enhanced High Income Shares ETF - Class A Units (METE.TO) Alternatives

ETF · Currency in CAD · Last updated Jun 26, 2026

Harvest Meta Enhanced High Income Shares ETF (METE) is a single-stock Canadian-listed ETF from Harvest Portfolios Group that provides leveraged exposure to Meta Platforms Inc. (NASDAQ: META). The fund applies approximately 25% modest leverage (1.25x exposure) and overlays an active covered call strategy on up to 50% of the position to generate enhanced monthly income while reducing volatility. METE is unhedged, so investors retain exposure to the U.S. dollar relative to the Canadian dollar. The Class A units pay variable monthly cash distributions and trade on the Toronto Stock Exchange.

Harvest Meta Enhanced High Income Shares ETF - Class A Units (METE.TO) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with METE.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to METE.TO

METE.TO charges 0.40% annually. There are 7 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.04%.

SymbolNameExpense RatioAUMInception
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF0.04%250.98MJul 2023METE.TO vs USCL.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025METE.TO vs ECHI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%155.19MNov 2025METE.TO vs EQLI.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%227.30MSep 2024METE.TO vs HBIL.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024METE.TO vs JEPQ.TO

Best Risk-Adjusted Alternatives to METE.TO

Among 72 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 98.

SymbolNameRisk / Return RankAUMInception
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
98
—Jun 2022METE.TO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
98
—Feb 2022METE.TO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
97
1.16BFeb 2022METE.TO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
97
4.65BJan 2011METE.TO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
197.22MJul 2023METE.TO vs BKCL.TO

Top Performing METE.TO Alternatives (YTD)

Among 84 ETFs in the Derivative Income category with YTD return data, the top-performing alternatives shown here go as high as 41.77%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
41.77%
—Feb 2022METE.TO vs CBNK.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
28.59%
267.19MOct 2023METE.TO vs ENCL.TO
EMCL.NEO
Global X Enhanced MSCI Emerging Markets Covered Ca...
28.01%
7.51MMay 2024METE.TO vs EMCL.NEO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
27.73%
—Feb 2025METE.TO vs YAVG.NEO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
27.35%
1.16BFeb 2022METE.TO vs BANK.TO

Lowest Volatility Alternatives to METE.TO

METE.TO has 44.52% 1-year volatility. There are 77 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.62%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.62%227.30MSep 2024METE.TO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.67%230.93MJan 2024METE.TO vs HPYM.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF6.87%1.36BJun 2023METE.TO vs UMAX.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A7.00%—Jun 2022METE.TO vs HLIF.TO
ZWU.TO
BMO Covered Call Utilities ETF7.67%2.20BOct 2011METE.TO vs ZWU.TO

Lowest Drawdown Alternatives to METE.TO

Among 72 ETFs in the Derivative Income category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.95%.

SymbolNameMax Drawdown 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...
-0.95%
227.30MSep 2024METE.TO vs HBIL.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
—Jun 2022METE.TO vs HLIF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
230.93MJan 2024METE.TO vs HPYM.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.20BOct 2011METE.TO vs ZWU.TO
DXQ.TO
Dynamic Active Enhanced Yield Covered Options ETF
-5.11%
—Sep 2022METE.TO vs DXQ.TO

Other ETFs from Harvest Portfolios Group

The 2 most viewed Harvest Portfolios Group ETFs shown here include HPYE.TO, HBF.TO and span 3 categories. AUM among these funds goes as high as $654M.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HPYE.TO
Harvest Premium Yield Enhanced ETFDerivative Income, Leveraged Equities, Large Cap Blend Equities———Jan 2026METE.TO vs HPYE.TO
HBF.TO
Harvest US Equity Leaders Income ETF Class A (CAD ...Derivative Income, Large Cap Blend Equities
56
3.90%
654.24MJul 2014METE.TO vs HBF.TO

Often Compared With METE.TO

Investors most often compare METE.TO with CFOU.TO, RKLX, AMHE.TO. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
CFOU.TO
BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...Leveraged Equities, Financials Equities, Canada Equities
96
43.68%
86.85MJun 2007METE.TO vs CFOU.TO
RKLX
Defiance Daily Target 2X Long RKLB ETFLeveraged Equities
31
-27.44%
310.83MMar 2025METE.TO vs RKLX
AMHE.TO
Harvest Amazon Enhanced High Income Shares ETF - C...Leveraged Equities
14
-1.51%
—Aug 2024METE.TO vs AMHE.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETFDerivative Income—
16.69%
—Aug 2025METE.TO vs CNQE.TO
QBTX
Tradr 2X Long QBTS Daily ETFLeveraged Equities
14
-62.00%
——METE.TO vs QBTX
TCND.TO
BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alterna...Leveraged Equities—
25.88%
—Aug 2025METE.TO vs TCND.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
57
21.17%
467.50MFeb 2024METE.TO vs EMAX.TO
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETFDerivative Income, Technology Equities
91
6.14%
63.10MDec 2022METE.TO vs YGOG.NEO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
16
1.46%
377.33MMay 2024METE.TO vs HPYT.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
62
12.60%
101.38MOct 2022METE.TO vs HUTE.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETFDerivative Income
39
4.73%
—Sep 2024METE.TO vs JEPI.TO
SOXU.TO
MegaLong (3X) US Semiconductors Daily Leveraged Al...Leveraged Equities
97
488.45%
—May 2025METE.TO vs SOXU.TO
CRCY.TO
Harvest Circle Enhanced High Income Shares ETF Cla...Derivative Income—
-23.64%
—Sep 2025METE.TO vs CRCY.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...Energy Equities, Derivative Income
38
16.85%
116.28MFeb 2015METE.TO vs NXF.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...Derivative Income
97
21.62%
395.62MMay 2011METE.TO vs BKCC.TO
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF C...Derivative Income
93
11.75%
—Mar 2025METE.TO vs GOGY.TO
UNHG
Leverage Shares 2x Long UNH Daily ETFLeveraged Equities—
37.05%
—Jun 2025METE.TO vs UNHG
HEQL.TO
Global X Enhanced All-Equity Asset Allocation ETF ...Leveraged Equities———Oct 2023METE.TO vs HEQL.TO
TDAX
TDAQ Lift ETFLeveraged Equities——8.60MJan 2026METE.TO vs TDAX
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
95
12.21%
2.35BFeb 2017METE.TO vs ZWC.TO

Compare METE.TO with Any Fund or Stock

Compare METE.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair METE.TO with funds that move differently

Harvest Meta Enhanced High Income Shares ETF - Class A Units alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to METE.TO.

Explore METE.TO Diversifiers