PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

The Harvest MicroStrategy Enhanced High Income Shares ETF invests primarily in MicroStrategy Class A shares and employs an active covered call writing strategy on up to 50% of its position, combined with about 25% leverage, to generate high monthly cash distributions and enhance income and growth potential.

Looking to diversify beyond MSTE.TO? The ETFs below have the lowest correlation with MSTE.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 MSTE.TO.

Best Diversifiers for MSTE.TO

45 ETFs have low correlation with MSTE.TO (below 0.3), 5 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...-0.17——
75
Derivative IncomeMSTE.TO vs UTES.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF-0.08——
58
Derivative Income, Utilities EquitiesMSTE.TO vs UMAX.TO
ZWU.TO
BMO Covered Call Utilities ETF-0.07——
58
Utilities Equities, Derivative IncomeMSTE.TO vs ZWU.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...-0.020.090.09
85
Derivative Income, Energy EquitiesMSTE.TO vs ENCC.TO
HUTL.TO
Harvest Equal Weight Global Utilities Income ETF-0.01——
58
Utilities EquitiesMSTE.TO vs HUTL.TO
See all 94 diversifiers for MSTE.TO

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from MSTE.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MSTE.TO and solid risk/return profiles. The least correlated is Enbridge Inc. (ENB.TO) (Energy) with a 1Y correlation of -0.11, roughly unchanged from -0.04 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
ENB.TO
Enbridge Inc.-0.11-0.04-0.04
81
Energy
CNQ.TO
Canadian Natural Resources Limited-0.040.060.06
86
Energy
POW.TO
Power Corporation of Canada0.01——
94
Financial Services
TD.TO
The Toronto-Dominion Bank0.170.190.19
98
Financial Services
BNS.TO
The Bank of Nova Scotia0.200.210.21
96
Financial Services
See all 6 low-correlation stocks for MSTE.TO

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements MSTE.TO

Add MSTE.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with MSTE.TO