EACC.NEO vs. MSTE.TO
EACC.NEO (Global X MSCI EAFE Covered Call ETF) and MSTE.TO (Harvest MicroStrategy Enhanced High Income Shares ETF) are both Derivative Income funds. EACC.NEO is passively managed, while MSTE.TO is actively managed. Over the past year, EACC.NEO returned 20.09% vs -70.30% for MSTE.TO. At a 0.29 correlation, their price movements are largely independent. EACC.NEO charges 0.49%/yr vs 0.40%/yr for MSTE.TO.
Performance
EACC.NEO vs. MSTE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EACC.NEO achieves a 8.26% return, which is significantly higher than MSTE.TO's -18.72% return.
EACC.NEO
- 1D
- 0.66%
- 1M
- 4.81%
- YTD
- 8.26%
- 6M
- 8.64%
- 1Y
- 20.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTE.TO
- 1D
- 2.01%
- 1M
- -33.05%
- YTD
- -18.72%
- 6M
- -35.79%
- 1Y
- -70.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EACC.NEO vs. MSTE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EACC.NEO Global X MSCI EAFE Covered Call ETF | 8.26% | 9.65% |
MSTE.TO Harvest MicroStrategy Enhanced High Income Shares ETF | -18.72% | -55.56% |
Correlation
The correlation between EACC.NEO and MSTE.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | 0.29 |
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Return for Risk
EACC.NEO vs. MSTE.TO — Risk / Return Rank
EACC.NEO
MSTE.TO
EACC.NEO vs. MSTE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI EAFE Covered Call ETF (EACC.NEO) and Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE.TO). 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.
| EACC.NEO | MSTE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.26 | ||
| Sortino ratioReturn per unit of downside risk | +3.51 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.82 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | -0.88 | +2.66 |
| Martin ratioReturn relative to average drawdown | 6.14 | -1.30 | +7.44 |
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
| EACC.NEO | MSTE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | -0.91 | +2.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | -0.66 | +1.57 |
Drawdowns
EACC.NEO vs. MSTE.TO - Drawdown Comparison
The maximum EACC.NEO drawdown since its inception was -13.35%, smaller than the maximum MSTE.TO drawdown of -80.35%. Use the drawdown chart below to compare losses from any high point for EACC.NEO and MSTE.TO.
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Drawdown Indicators
| EACC.NEO | MSTE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.35% | -80.35% | +67.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -80.35% | +69.05% |
Current DrawdownCurrent decline from peak | -0.08% | -75.73% | +75.65% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -39.74% | +37.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 53.99% | -50.71% |
Volatility
EACC.NEO vs. MSTE.TO - Volatility Comparison
The current volatility for Global X MSCI EAFE Covered Call ETF (EACC.NEO) is 4.26%, while Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE.TO) has a volatility of 23.42%. This indicates that EACC.NEO experiences smaller price fluctuations and is considered to be less risky than MSTE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EACC.NEO | MSTE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 23.42% | -19.16% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 62.85% | -50.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.97% | 77.17% | -62.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.05% | 84.20% | -69.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 84.20% | -69.15% |
EACC.NEO vs. MSTE.TO - Expense Ratio Comparison
EACC.NEO has a 0.49% expense ratio, which is higher than MSTE.TO's 0.40% expense ratio.
Dividends
EACC.NEO vs. MSTE.TO - Dividend Comparison
EACC.NEO's dividend yield for the trailing twelve months is around 7.43%, less than MSTE.TO's 146.69% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EACC.NEO Global X MSCI EAFE Covered Call ETF | 7.43% | 7.55% | 5.12% |
MSTE.TO Harvest MicroStrategy Enhanced High Income Shares ETF | 146.69% | 121.40% | 0.00% |
Frequently Asked Questions
EACC.NEO and MSTE.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSTE.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSTE.TO is cheaper with a 0.40% expense ratio, compared with 0.49% for EACC.NEO.
They also come from different issuers: Global X and Harvest. Their fees differ too: 0.49% for EACC.NEO and 0.40% for MSTE.TO.
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