ENBE.TO vs. MSTE.TO
ENBE.TO (Harvest Enbridge Enhanced High Income Shares ETF) and MSTE.TO (Harvest Strategy Inc. Enhanced High Income Shares ETF) are both Derivative Income funds from Harvest. Both are actively managed. At a correlation of -0.20, they often move in opposite directions. ENBE.TO charges 0.40%/yr vs 1.89%/yr for MSTE.TO.
Performance
ENBE.TO vs. MSTE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ENBE.TO achieves a 27.08% return, which is significantly higher than MSTE.TO's -44.46% return.
ENBE.TO
- 1D
- 0.87%
- 1M
- 2.73%
- 6M
- 26.22%
- YTD
- 27.08%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MSTE.TO
- 1D
- -1.09%
- 1M
- -2.55%
- 6M
- -49.62%
- YTD
- -44.46%
- 1Y
- -81.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -60.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$97.44K | CA$77.42K | CA$75.28K | |
| CA$1.74M | CA$2.13M | CA$4.19M |
ENBE.TO vs. MSTE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ENBE.TO Harvest Enbridge Enhanced High Income Shares ETF | 27.08% | -0.98% |
MSTE.TO Harvest Strategy Inc. Enhanced High Income Shares ETF | -44.46% | -60.75% |
Correlation
The correlation between ENBE.TO and MSTE.TO is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 21, 2025 | -0.20 |
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Return for Risk
ENBE.TO vs. MSTE.TO — Risk / Return Rank
ENBE.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MSTE.TO
ENBE.TO vs. MSTE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Enbridge Enhanced High Income Shares ETF (ENBE.TO) and Harvest Strategy Inc. 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ENBE.TO | MSTE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.77 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.98 | — |
| Martin ratioReturn relative to average drawdown | — | -1.40 | — |
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Drawdowns
ENBE.TO vs. MSTE.TO - Drawdown Comparison
The maximum ENBE.TO drawdown since its inception was -11.28%, smaller than the maximum MSTE.TO drawdown of -85.33%. Use the drawdown chart below to compare losses from any high point for ENBE.TO and MSTE.TO.
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Drawdown Indicators
| ENBE.TO | MSTE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.28% | -85.33% | +74.05% |
Max Drawdown (1Y)Largest decline over 1 year | — | -83.75% | — |
Current DrawdownCurrent decline from peak | 0.00% | -83.42% | +83.42% |
Average DrawdownAverage peak-to-trough decline | -3.12% | -43.77% | +40.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 59.09% | — |
Volatility
ENBE.TO vs. MSTE.TO - Volatility Comparison
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Volatility by Period
| ENBE.TO | MSTE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 29.49% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 68.79% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 84.39% | -66.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.24% | 86.29% | -68.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.24% | 86.29% | -68.05% |
ENBE.TO vs. MSTE.TO - Expense Ratio Comparison
ENBE.TO has a 0.40% expense ratio, which is lower than MSTE.TO's 1.89% expense ratio.
Dividends
ENBE.TO vs. MSTE.TO - Dividend Comparison
ENBE.TO's dividend yield for the trailing twelve months is around 9.34%, less than MSTE.TO's 198.90% yield.
| Position | TTM | 2025 |
|---|---|---|
ENBE.TO Harvest Enbridge Enhanced High Income Shares ETF | 9.34% | 4.47% |
MSTE.TO Harvest Strategy Inc. Enhanced High Income Shares ETF | 198.90% | 121.40% |
Frequently Asked Questions
ENBE.TO and MSTE.TO have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENBE.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENBE.TO is cheaper with a 0.40% expense ratio, compared with 1.89% for MSTE.TO.
Their fees differ too: 0.40% for ENBE.TO and 1.89% for MSTE.TO.
Find the right allocation for ENBE.TO and MSTE.TO
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