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

ETF · Currency in CAD · Last updated Jul 16, 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 6 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.29%.

SymbolNameExpense RatioAUMInception
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%169.56MNov 2025METE.TO vs EQLI.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024METE.TO vs JEPI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024METE.TO vs JEPQ.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%224.00MSep 2024METE.TO vs HBIL.TO

Best Risk-Adjusted Alternatives to METE.TO

Among 93 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
180.28MJun 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...
98
1.26BFeb 2022METE.TO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
98
4.84BJan 2011METE.TO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
198.10MJul 2023METE.TO vs BKCL.TO

Top Performing METE.TO Alternatives (YTD)

Among 103 ETFs in the Derivative Income category with YTD return data, the top-performing alternatives shown here go as high as 49.92%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
49.92%
—Feb 2022METE.TO vs CBNK.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
34.83%
271.10MOct 2023METE.TO vs ENCL.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
34.25%
1.26BFeb 2022METE.TO vs BANK.TO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
33.82%
—Feb 2025METE.TO vs YAVG.NEO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
32.52%
198.10MJul 2023METE.TO vs BKCL.TO

Lowest Volatility Alternatives to METE.TO

METE.TO has 44.59% 1-year volatility. There are 93 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.76%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.76%224.00MSep 2024METE.TO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...1.91%—Sep 2024METE.TO vs HBIL-U.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.75%259.21MJan 2024METE.TO vs HPYM.TO
FCMI.TO
Fidelity Canadian Monthly High Income ETF6.39%—Jan 2020METE.TO vs FCMI.TO
ZPH.TO
BMO US Put Write Hedged to CAD ETF6.55%35.29MFeb 2017METE.TO vs ZPH.TO

Lowest Drawdown Alternatives to METE.TO

Among 93 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%
224.00MSep 2024METE.TO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...
-1.07%
—Sep 2024METE.TO vs HBIL-U.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
180.28MJun 2022METE.TO vs HLIF.TO
FCMI.TO
Fidelity Canadian Monthly High Income ETF
-3.62%
—Jan 2020METE.TO vs FCMI.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
259.21MJan 2024METE.TO vs HPYM.TO

Other ETFs from Harvest Portfolios Group

The 2 most viewed Harvest Portfolios Group ETFs shown here include HPYE.TO, HBF.TO and span 2 categories. AUM among these funds goes as high as $661M.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HPYE.TO
Harvest Premium Yield Enhanced ETFDerivative Income, Leveraged Equities———Jan 2026METE.TO vs HPYE.TO
HBF.TO
Harvest US Equity Leaders Income ETF Class A (CAD ...Derivative Income
64
6.18%
660.52MJul 2014METE.TO vs HBF.TO

Often Compared With METE.TO

Investors most often compare METE.TO with CFOU.TO, RKLX, CNQE.TO. These 20 comparison targets span 8 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
97
55.99%
86.75MJun 2007METE.TO vs CFOU.TO
RKLX
Defiance Daily Target 2X Long RKLB ETFLeveraged Equities
16
-39.48%
225.77MMar 2025METE.TO vs RKLX
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETFDerivative Income—
26.68%
—Aug 2025METE.TO vs CNQE.TO
QBTX
Tradr 2X Long QBTS Daily ETFLeveraged Equities
10
-74.21%
——METE.TO vs QBTX
AMHE.TO
Harvest Amazon Enhanced High Income Shares ETF - C...Leveraged Equities
19
12.32%
—Aug 2024METE.TO vs AMHE.TO
TCND.TO
BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alterna...Leveraged Equities—
34.83%
—Aug 2025METE.TO vs TCND.TO
SOXU.TO
MegaLong (3X) US Semiconductors Daily Leveraged Al...Leveraged Equities
92
277.05%
—May 2025METE.TO vs SOXU.TO
UNHG
Leverage Shares 2x Long UNH Daily ETFLeveraged Equities—
36.87%
92.75MJun 2025METE.TO vs UNHG
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
65
26.21%
494.30MFeb 2024METE.TO vs EMAX.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...Energy Equities, Derivative Income
47
24.01%
127.47MFeb 2015METE.TO vs NXF.TO
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETFDerivative Income, Technology Equities
93
15.45%
62.00MDec 2022METE.TO vs YGOG.NEO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
57
12.56%
103.07MOct 2022METE.TO vs HUTE.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
83
14.21%
250.73MJul 2023METE.TO vs USCL.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
15
-1.33%
360.54MMay 2024METE.TO vs HPYT.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...Derivative Income
97
26.05%
400.33MMay 2011METE.TO vs BKCC.TO
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF C...Derivative Income
95
20.79%
—Mar 2025METE.TO vs GOGY.TO
CRCY.TO
Harvest Circle Enhanced High Income Shares ETF Cla...Derivative Income—
-28.28%
—Sep 2025METE.TO vs CRCY.TO
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
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETFDerivative Income, Utilities Equities
73
10.07%
1.41BJun 2023METE.TO vs UMAX.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