HDIF.TO vs. MSTE.TO
HDIF.TO (Harvest Diversified Monthly Income ETF - Class A Units) and MSTE.TO (Harvest MicroStrategy Enhanced High Income Shares ETF) are both Derivative Income funds from Harvest. Both are actively managed. Over the past year, HDIF.TO returned 28.86% vs -71.76% for MSTE.TO. At a 0.39 correlation, their price movements are largely independent. HDIF.TO charges 2.47%/yr vs 0.40%/yr for MSTE.TO.
Performance
HDIF.TO vs. MSTE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HDIF.TO achieves a 11.54% return, which is significantly higher than MSTE.TO's -20.32% return.
HDIF.TO
- 1D
- -0.73%
- 1M
- 6.52%
- YTD
- 11.54%
- 6M
- 12.52%
- 1Y
- 28.86%
- 3Y*
- 18.30%
- 5Y*
- —
- 10Y*
- —
MSTE.TO
- 1D
- -8.67%
- 1M
- -33.14%
- YTD
- -20.32%
- 6M
- -37.71%
- 1Y
- -71.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDIF.TO vs. MSTE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | 11.54% | 14.08% |
MSTE.TO Harvest MicroStrategy Enhanced High Income Shares ETF | -20.32% | -55.56% |
Correlation
The correlation between HDIF.TO and MSTE.TO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | 0.39 |
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Return for Risk
HDIF.TO vs. MSTE.TO — Risk / Return Rank
HDIF.TO
MSTE.TO
HDIF.TO vs. MSTE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) and Harvest MicroStrategy 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.
| HDIF.TO | MSTE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.22 | ||
| Sortino ratioReturn per unit of downside risk | +4.88 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.81 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | -0.89 | +4.19 |
| Martin ratioReturn relative to average drawdown | 13.66 | -1.33 | +15.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HDIF.TO | MSTE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | -0.93 | +3.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | -0.67 | +1.21 |
Drawdowns
HDIF.TO vs. MSTE.TO - Drawdown Comparison
The maximum HDIF.TO drawdown since its inception was -24.07%, smaller than the maximum MSTE.TO drawdown of -80.35%. Use the drawdown chart below to compare losses from any high point for HDIF.TO and MSTE.TO.
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Drawdown Indicators
| HDIF.TO | MSTE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.07% | -80.35% | +56.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -80.35% | +71.56% |
Max Drawdown (3Y)Largest decline over 3 years | -19.60% | — | — |
Current DrawdownCurrent decline from peak | -0.73% | -76.21% | +75.48% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -39.63% | +32.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 53.78% | -51.66% |
Volatility
HDIF.TO vs. MSTE.TO - Volatility Comparison
The current volatility for Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) is 3.50%, while Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE.TO) has a volatility of 23.39%. This indicates that HDIF.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
| HDIF.TO | MSTE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 23.39% | -19.89% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 63.14% | -52.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.67% | 77.31% | -64.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.49% | 84.31% | -66.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 84.31% | -66.82% |
HDIF.TO vs. MSTE.TO - Expense Ratio Comparison
HDIF.TO has a 2.47% expense ratio, which is higher than MSTE.TO's 0.40% expense ratio.
Dividends
HDIF.TO vs. MSTE.TO - Dividend Comparison
HDIF.TO's dividend yield for the trailing twelve months is around 10.21%, less than MSTE.TO's 149.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | 10.21% | 9.93% | 10.15% | 10.62% | 8.95% |
MSTE.TO Harvest MicroStrategy Enhanced High Income Shares ETF | 149.64% | 121.40% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HDIF.TO and MSTE.TO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSTE.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSTE.TO is cheaper with a 0.40% expense ratio, compared with 2.47% for HDIF.TO.
Their fees differ too: 2.47% for HDIF.TO and 0.40% for MSTE.TO.
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