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

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.

Looking to diversify beyond METE.TO? The ETFs below have the lowest correlation with METE.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from METE.TO.

Best Diversifiers for METE.TO

6 ETFs have low correlation with METE.TO (below 0.3), 3 of which are negatively correlated. The least correlated is Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD (ENCL.TO) (Energy Equities) with a 1Y correlation of -0.34, roughly unchanged from -0.34 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...-0.34-0.34-0.34
80
Energy Equities, Derivative IncomeMETE.TO vs ENCL.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...-0.32-0.32-0.32
82
Derivative Income, Energy EquitiesMETE.TO vs ENCC.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETF-0.31-0.31-0.31
57
Energy Equities, Derivative IncomeMETE.TO vs EMAX.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF0.020.02—
84
Derivative Income, Utilities EquitiesMETE.TO vs UMAX.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A0.130.130.13
98
Derivative IncomeMETE.TO vs HLIF.TO
See all 12 diversifiers for METE.TO

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Diversification Analysis

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