CNYE.TO vs. COIN
CNYE.TO (Harvest Coinbase Enhanced High Income Shares ETF) is Derivative Income fund actively managed by Harvest, while COIN (Coinbase Global, Inc.) is a stock. Over the past year, CNYE.TO returned -44.08% vs -34.80% for COIN. With a 0.97 correlation, they move nearly in lockstep.
Performance
CNYE.TO vs. COIN - Performance Comparison
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Different Trading Currencies
CNYE.TO is traded in CAD, while COIN is traded in USD. To make them comparable, the COIN values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CNYE.TO achieves a -30.06% return, which is significantly lower than COIN's -26.42% return.
CNYE.TO
- 1D
- 0.45%
- 1M
- -16.55%
- YTD
- -30.06%
- 6M
- -43.59%
- 1Y
- -44.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COIN
- 1D
- 0.66%
- 1M
- -15.23%
- YTD
- -26.42%
- 6M
- -40.31%
- 1Y
- -34.80%
- 3Y*
- 42.48%
- 5Y*
- -3.73%
- 10Y*
- —
CNYE.TO vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CNYE.TO Harvest Coinbase Enhanced High Income Shares ETF | -30.06% | -14.53% |
COIN Coinbase Global, Inc. | -26.42% | -2.68% |
Correlation
The correlation between CNYE.TO and COIN is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | 0.97 |
The correlation between CNYE.TO and COIN has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
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Return for Risk
CNYE.TO vs. COIN — Risk / Return Rank
CNYE.TO
COIN
CNYE.TO vs. COIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Coinbase Enhanced High Income Shares ETF (CNYE.TO) and Coinbase Global, Inc. (COIN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CNYE.TO | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.95 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | -0.52 | -0.09 |
| Martin ratioReturn relative to average drawdown | -1.01 | -0.88 | -0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNYE.TO | COIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.57 | -0.50 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | -0.13 | -0.28 |
Drawdowns
CNYE.TO vs. COIN - Drawdown Comparison
The maximum CNYE.TO drawdown since its inception was -72.18%, smaller than the maximum COIN drawdown of -90.07%. Use the drawdown chart below to compare losses from any high point for CNYE.TO and COIN.
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Drawdown Indicators
| CNYE.TO | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.18% | -90.07% | +17.89% |
Max Drawdown (1Y)Largest decline over 1 year | -72.18% | -66.66% | -5.52% |
Max Drawdown (3Y)Largest decline over 3 years | — | -66.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.07% | — |
Current DrawdownCurrent decline from peak | -65.57% | -60.35% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -33.73% | -47.89% | +14.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.83% | 39.61% | +4.22% |
Volatility
CNYE.TO vs. COIN - Volatility Comparison
Harvest Coinbase Enhanced High Income Shares ETF (CNYE.TO) has a higher volatility of 22.11% compared to Coinbase Global, Inc. (COIN) at 18.74%. This indicates that CNYE.TO's price experiences larger fluctuations and is considered to be riskier than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNYE.TO | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.11% | 18.74% | +3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 57.81% | 50.48% | +7.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.13% | 69.41% | +7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.50% | 84.16% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.50% | 83.69% | -1.19% |
Dividends
CNYE.TO vs. COIN - Dividend Comparison
CNYE.TO's dividend yield for the trailing twelve months is around 89.78%, while COIN has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CNYE.TO Harvest Coinbase Enhanced High Income Shares ETF | 89.78% | 48.74% |
COIN Coinbase Global, Inc. | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, CNYE.TO and COIN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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