FHQ.TO vs. MSFH.TO
FHQ.TO (First Trust AlphaDEX U.S. Technology Sector Index ETF) and MSFH.TO (Harvest Microsoft High Income Shares ETF Class A Units) are both Technology Equities funds. FHQ.TO is passively managed, while MSFH.TO is actively managed. Over the past year, FHQ.TO returned 29.55% vs -15.13% for MSFH.TO. At a 0.38 correlation, their price movements are largely independent.
Performance
FHQ.TO vs. MSFH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FHQ.TO achieves a 19.45% return, which is significantly higher than MSFH.TO's -13.55% return.
FHQ.TO
- 1D
- -3.81%
- 1M
- -6.71%
- 6M
- 13.97%
- YTD
- 19.45%
- 1Y
- 29.55%
- 3Y*
- 20.33%
- 5Y*
- 12.28%
- 10Y*
- 18.81%
MSFH.TO
- 1D
- 1.37%
- 1M
- 1.91%
- 6M
- -9.96%
- YTD
- -13.55%
- 1Y
- -15.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FHQ.TO vs. MSFH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FHQ.TO First Trust AlphaDEX U.S. Technology Sector Index ETF | 19.45% | 8.42% | 16.11% |
MSFH.TO Harvest Microsoft High Income Shares ETF Class A Units | -13.55% | 6.58% | 5.90% |
Correlation
The correlation between FHQ.TO and MSFH.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024 | 0.38 |
The correlation between FHQ.TO and MSFH.TO shifts across timeframes, from 0.21 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FHQ.TO vs. MSFH.TO — Risk / Return Rank
FHQ.TO
MSFH.TO
FHQ.TO vs. MSFH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.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.
| FHQ.TO | MSFH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.91 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | -0.49 | +2.59 |
| Martin ratioReturn relative to average drawdown | 5.72 | -0.89 | +6.61 |
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Drawdowns
FHQ.TO vs. MSFH.TO - Drawdown Comparison
The maximum FHQ.TO drawdown since its inception was -32.05%, roughly equal to the maximum MSFH.TO drawdown of -31.00%. Use the drawdown chart below to compare losses from any high point for FHQ.TO and MSFH.TO.
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Drawdown Indicators
| FHQ.TO | MSFH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.05% | -31.00% | -1.05% |
Max Drawdown (1Y)Largest decline over 1 year | -14.13% | -31.00% | +16.87% |
Max Drawdown (3Y)Largest decline over 3 years | -27.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.05% | — | — |
Current DrawdownCurrent decline from peak | -10.26% | -22.12% | +11.86% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -9.89% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.17% | 17.17% | -12.00% |
Volatility
FHQ.TO vs. MSFH.TO - Volatility Comparison
The current volatility for First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO) is 10.12%, while Harvest Microsoft High Income Shares ETF Class A Units (MSFH.TO) has a volatility of 10.93%. This indicates that FHQ.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
| FHQ.TO | MSFH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.12% | 10.93% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 21.33% | 21.82% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.54% | 24.39% | +1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.69% | 23.47% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.40% | 23.47% | -0.07% |
Dividends
FHQ.TO vs. MSFH.TO - Dividend Comparison
FHQ.TO has not paid dividends to shareholders, while MSFH.TO's dividend yield for the trailing twelve months is around 18.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHQ.TO First Trust AlphaDEX U.S. Technology Sector Index ETF | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 1.18% | 0.43% | 0.50% | 0.80% | 0.83% | 1.20% | 0.43% |
MSFH.TO Harvest Microsoft High Income Shares ETF Class A Units | 18.88% | 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
FHQ.TO and MSFH.TO have a correlation of 0.21, 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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