HBIE.TO vs. MSTE.TO
HBIE.TO (Harvest Balanced Income & Growth Enhanced ETF) and MSTE.TO (Harvest Strategy Inc. Enhanced High Income Shares ETF) are both exchange-traded funds - HBIE.TO is a Diversified Portfolio fund actively managed by Harvest, while MSTE.TO is a Derivative Income fund actively managed by Harvest. Both are actively managed. Over the past year, HBIE.TO returned 15.23% vs -82.04% for MSTE.TO. At a 0.28 correlation, their price movements are largely independent.
Performance
HBIE.TO vs. MSTE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HBIE.TO achieves a 7.09% return, which is significantly higher than MSTE.TO's -41.39% return.
HBIE.TO
- 1D
- 0.04%
- 1M
- -0.41%
- 6M
- 6.46%
- YTD
- 7.09%
- 1Y
- 15.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTE.TO
- 1D
- 0.00%
- 1M
- -29.03%
- 6M
- -51.63%
- YTD
- -41.39%
- 1Y
- -82.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBIE.TO vs. MSTE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBIE.TO Harvest Balanced Income & Growth Enhanced ETF | 7.09% | 8.81% |
MSTE.TO Harvest Strategy Inc. Enhanced High Income Shares ETF | -41.39% | -50.82% |
Correlation
The correlation between HBIE.TO and MSTE.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2025 | 0.28 |
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Return for Risk
HBIE.TO vs. MSTE.TO — Risk / Return Rank
HBIE.TO
MSTE.TO
HBIE.TO vs. MSTE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Balanced Income & Growth Enhanced ETF (HBIE.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.
| HBIE.TO | MSTE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.71 | ||
| Sortino ratioReturn per unit of downside risk | +4.87 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.76 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | -0.96 | +3.88 |
| Martin ratioReturn relative to average drawdown | 12.42 | -1.36 | +13.78 |
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Drawdowns
HBIE.TO vs. MSTE.TO - Drawdown Comparison
The maximum HBIE.TO drawdown since its inception was -10.29%, smaller than the maximum MSTE.TO drawdown of -85.33%. Use the drawdown chart below to compare losses from any high point for HBIE.TO and MSTE.TO.
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Drawdown Indicators
| HBIE.TO | MSTE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.29% | -85.33% | +75.04% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -85.33% | +80.09% |
Current DrawdownCurrent decline from peak | -0.94% | -82.50% | +81.56% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -42.97% | +41.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 60.33% | -59.10% |
Volatility
HBIE.TO vs. MSTE.TO - Volatility Comparison
The current volatility for Harvest Balanced Income & Growth Enhanced ETF (HBIE.TO) is 2.60%, while Harvest Strategy Inc. Enhanced High Income Shares ETF (MSTE.TO) has a volatility of 31.44%. This indicates that HBIE.TO 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
| HBIE.TO | MSTE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 31.44% | -28.84% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 68.52% | -61.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.85% | 84.00% | -75.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.67% | 86.69% | -77.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.67% | 86.69% | -77.02% |
Dividends
HBIE.TO vs. MSTE.TO - Dividend Comparison
HBIE.TO's dividend yield for the trailing twelve months is around 9.95%, less than MSTE.TO's 188.48% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HBIE.TO Harvest Balanced Income & Growth Enhanced ETF | 9.95% | 10.12% | 7.56% |
MSTE.TO Harvest Strategy Inc. Enhanced High Income Shares ETF | 188.48% | 121.40% | 0.00% |
Frequently Asked Questions
HBIE.TO and MSTE.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBIE.TO is categorized as Diversified Portfolio, while MSTE.TO is Derivative Income.
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