HBLK.TO vs. MSTE.TO
HBLK.TO (Blockchain Technologies ETF) and MSTE.TO (Harvest Strategy Inc. Enhanced High Income Shares ETF) are both exchange-traded funds - HBLK.TO is a Blockchain 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, HBLK.TO returned 23.03% vs -82.04% for MSTE.TO. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
HBLK.TO vs. MSTE.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HBLK.TO achieves a 17.41% return, which is significantly higher than MSTE.TO's -41.39% return.
HBLK.TO
- 1D
- 1.84%
- 1M
- -11.81%
- 6M
- 0.65%
- YTD
- 17.41%
- 1Y
- 23.03%
- 3Y*
- 24.21%
- 5Y*
- 1.33%
- 10Y*
- —
MSTE.TO
- 1D
- 0.00%
- 1M
- -29.03%
- 6M
- -51.63%
- YTD
- -41.39%
- 1Y
- -82.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBLK.TO vs. MSTE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBLK.TO Blockchain Technologies ETF | 17.41% | 32.07% |
MSTE.TO Harvest Strategy Inc. Enhanced High Income Shares ETF | -41.39% | -50.82% |
Correlation
The correlation between HBLK.TO and MSTE.TO is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2025 | 0.58 |
The correlation between HBLK.TO and MSTE.TO has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HBLK.TO vs. MSTE.TO — Risk / Return Rank
HBLK.TO
MSTE.TO
HBLK.TO vs. MSTE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blockchain Technologies ETF (HBLK.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.
| HBLK.TO | MSTE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +3.23 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.76 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | -0.96 | +1.48 |
| Martin ratioReturn relative to average drawdown | 0.97 | -1.36 | +2.33 |
Loading charts...
Drawdowns
HBLK.TO vs. MSTE.TO - Drawdown Comparison
The maximum HBLK.TO drawdown since its inception was -73.15%, smaller than the maximum MSTE.TO drawdown of -85.33%. Use the drawdown chart below to compare losses from any high point for HBLK.TO and MSTE.TO.
Loading charts...
Drawdown Indicators
| HBLK.TO | MSTE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.15% | -85.33% | +12.18% |
Max Drawdown (1Y)Largest decline over 1 year | -44.42% | -85.33% | +40.91% |
Max Drawdown (3Y)Largest decline over 3 years | -44.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -73.15% | — | — |
Current DrawdownCurrent decline from peak | -23.25% | -82.50% | +59.25% |
Average DrawdownAverage peak-to-trough decline | -38.05% | -42.97% | +4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.86% | 60.33% | -36.47% |
Volatility
HBLK.TO vs. MSTE.TO - Volatility Comparison
The current volatility for Blockchain Technologies ETF (HBLK.TO) is 12.39%, while Harvest Strategy Inc. Enhanced High Income Shares ETF (MSTE.TO) has a volatility of 31.44%. This indicates that HBLK.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.
Loading charts...
Volatility by Period
| HBLK.TO | MSTE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.39% | 31.44% | -19.05% |
Volatility (6M)Calculated over the trailing 6-month period | 36.85% | 68.52% | -31.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.70% | 84.00% | -33.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.85% | 86.69% | -40.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.37% | 86.69% | -43.32% |
Dividends
HBLK.TO vs. MSTE.TO - Dividend Comparison
HBLK.TO has not paid dividends to shareholders, while MSTE.TO's dividend yield for the trailing twelve months is around 188.48%.
| Position | TTM | 2025 |
|---|---|---|
HBLK.TO Blockchain Technologies ETF | 0.00% | 0.00% |
MSTE.TO Harvest Strategy Inc. Enhanced High Income Shares ETF | 188.48% | 121.40% |
Frequently Asked Questions
HBLK.TO and MSTE.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBLK.TO is categorized as Blockchain, while MSTE.TO is Derivative Income.
Find the right allocation for HBLK.TO and MSTE.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer