FDN.TO vs. MSFH.TO
FDN.TO (First Trust Dow Jones Internet ETF) and MSFH.TO (Harvest Microsoft High Income Shares ETF Class A Units) are both Technology Equities funds. FDN.TO is passively managed, while MSFH.TO is actively managed. Over the past year, FDN.TO returned 2.55% vs -17.28% for MSFH.TO. At a 0.44 correlation, their price movements are largely independent.
Performance
FDN.TO vs. MSFH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FDN.TO achieves a 1.49% return, which is significantly higher than MSFH.TO's -14.71% return.
FDN.TO
- 1D
- -3.04%
- 1M
- 0.66%
- 6M
- 2.99%
- YTD
- 1.49%
- 1Y
- 2.55%
- 3Y*
- 17.99%
- 5Y*
- 4.31%
- 10Y*
- 3.20%
MSFH.TO
- 1D
- -1.35%
- 1M
- 3.57%
- 6M
- -11.91%
- YTD
- -14.71%
- 1Y
- -17.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDN.TO vs. MSFH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FDN.TO First Trust Dow Jones Internet ETF | 1.49% | 5.45% | 28.47% |
MSFH.TO Harvest Microsoft High Income Shares ETF Class A Units | -14.71% | 6.58% | 5.90% |
Correlation
The correlation between FDN.TO and MSFH.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024 | 0.44 |
The correlation between FDN.TO and MSFH.TO shifts across timeframes, from 0.33 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FDN.TO vs. MSFH.TO — Risk / Return Rank
FDN.TO
MSFH.TO
FDN.TO vs. MSFH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Internet ETF (FDN.TO) and Harvest Microsoft High Income Shares ETF Class A Units (MSFH.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.
| FDN.TO | MSFH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.89 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | -0.56 | +0.68 |
| Martin ratioReturn relative to average drawdown | 0.27 | -1.01 | +1.28 |
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Drawdowns
FDN.TO vs. MSFH.TO - Drawdown Comparison
The maximum FDN.TO drawdown since its inception was -50.44%, which is greater than MSFH.TO's maximum drawdown of -31.00%. Use the drawdown chart below to compare losses from any high point for FDN.TO and MSFH.TO.
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Drawdown Indicators
| FDN.TO | MSFH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.44% | -31.00% | -19.44% |
Max Drawdown (1Y)Largest decline over 1 year | -21.40% | -31.00% | +9.60% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -50.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -50.44% | — | — |
Current DrawdownCurrent decline from peak | -6.02% | -23.17% | +17.15% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -9.92% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.45% | 17.23% | -7.78% |
Volatility
FDN.TO vs. MSFH.TO - Volatility Comparison
The current volatility for First Trust Dow Jones Internet ETF (FDN.TO) is 5.37%, while Harvest Microsoft High Income Shares ETF Class A Units (MSFH.TO) has a volatility of 10.57%. This indicates that FDN.TO experiences smaller price fluctuations and is considered to be less risky than MSFH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDN.TO | MSFH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 10.57% | -5.20% |
Volatility (6M)Calculated over the trailing 6-month period | 16.68% | 21.84% | -5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.01% | 24.42% | -4.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.14% | 23.47% | +2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.16% | 23.47% | -2.31% |
Dividends
FDN.TO vs. MSFH.TO - Dividend Comparison
FDN.TO has not paid dividends to shareholders, while MSFH.TO's dividend yield for the trailing twelve months is around 19.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDN.TO First Trust Dow Jones Internet ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.65% | 5.69% | 1.47% | 1.40% | 1.76% | 1.51% | 1.50% |
MSFH.TO Harvest Microsoft High Income Shares ETF Class A Units | 19.13% | 14.88% | 4.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FDN.TO and MSFH.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: First Trust and Harvest.
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