HUTL.TO vs. MSTE.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Harvest Equal Weight Global Utilities Income ETF (HUTL.TO) and Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE.TO).

HUTL.TO and MSTE.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HUTL.TO is an actively managed fund by Harvest. It was launched on Jan 10, 2019. MSTE.TO is an actively managed fund by Harvest. It was launched on Mar 5, 2025.

Performance

HUTL.TO vs. MSTE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Equal Weight Global Utilities Income ETF (HUTL.TO) and Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE.TO). The values are adjusted to include any dividend payments, if applicable.

HUTL.TO vs. MSTE.TO - Yearly Performance Comparison

	2026 (YTD)	2025
HUTL.TO Harvest Equal Weight Global Utilities Income ETF	11.42%	12.24%
MSTE.TO Harvest MicroStrategy Enhanced High Income Shares ETF	-15.65%	-55.56%

Returns By Period

In the year-to-date period, HUTL.TO achieves a 11.42% return, which is significantly higher than MSTE.TO's -15.65% return.

HUTL.TO

• 1D: 0.00%
• 1M: -0.30%
• YTD: 11.42%
• 6M: 12.52%
• 1Y: 19.38%
• 3Y*: 13.28%
• 5Y*: 9.39%
• 10Y*: —

MSTE.TO

• 1D: 2.61%
• 1M: -0.48%
• YTD: -15.65%
• 6M: -65.16%
• 1Y: -60.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HUTL.TO vs. MSTE.TO - Expense Ratio Comparison

HUTL.TO has a 0.67% expense ratio, which is higher than MSTE.TO's 0.40% expense ratio.

HUTL.TO

Harvest Equal Weight Global Utilities Income ETF

MSTE.TO

Harvest MicroStrategy Enhanced High Income Shares ETF

Return for Risk

HUTL.TO vs. MSTE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HUTL.TO

HUTL.TO Risk / Return Rank: 81
HUTL.TO Sharpe Ratio Rank: 77
HUTL.TO Sortino Ratio Rank: 76
HUTL.TO Omega Ratio Rank: 79
HUTL.TO Calmar Ratio Rank: 86
HUTL.TO Martin Ratio Rank: 89

MSTE.TO

MSTE.TO Risk / Return Rank: 2
MSTE.TO Sharpe Ratio Rank: 2
MSTE.TO Sortino Ratio Rank: 1
MSTE.TO Omega Ratio Rank: 2
MSTE.TO Calmar Ratio Rank: 1
MSTE.TO Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HUTL.TO vs. MSTE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Equal Weight Global Utilities Income ETF (HUTL.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.

	HUTL.TO	MSTE.TO	Difference
Sharpe ratio Return per unit of total volatility	1.43	-0.75	+2.18
Sortino ratio Return per unit of downside risk	1.96	-1.09	+3.05
Omega ratio Gain probability vs. loss probability	1.31	0.88	+0.43
Calmar ratio Return relative to maximum drawdown	2.66	-0.76	+3.42
Martin ratio Return relative to average drawdown	11.46	-1.34	+12.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HUTL.TO vs. MSTE.TO - Sharpe Ratio Comparison

The current HUTL.TO Sharpe Ratio is 1.43, which is higher than the MSTE.TO Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of HUTL.TO and MSTE.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HUTL.TO	MSTE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	-0.75	+2.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	-0.70	+1.21

Correlation

The correlation between HUTL.TO and MSTE.TO is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

HUTL.TO vs. MSTE.TO - Dividend Comparison

HUTL.TO's dividend yield for the trailing twelve months is around 7.34%, less than MSTE.TO's 162.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
HUTL.TO Harvest Equal Weight Global Utilities Income ETF	7.34%	7.94%	8.30%	8.56%	8.13%	7.16%	7.73%	5.33%
MSTE.TO Harvest MicroStrategy Enhanced High Income Shares ETF	162.54%	121.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HUTL.TO vs. MSTE.TO - Drawdown Comparison

The maximum HUTL.TO drawdown since its inception was -34.00%, smaller than the maximum MSTE.TO drawdown of -80.35%. Use the drawdown chart below to compare losses from any high point for HUTL.TO and MSTE.TO.

Drawdown Indicators

	HUTL.TO	MSTE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-34.00%	-80.35%	+46.35%
Max Drawdown (1Y) Largest decline over 1 year	-7.22%	-80.35%	+73.13%
Max Drawdown (5Y) Largest decline over 5 years	-19.71%	—	—
Current Drawdown Current decline from peak	-0.98%	-74.81%	+73.83%
Average Drawdown Average peak-to-trough decline	-6.80%	-34.88%	+28.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	45.68%	-44.01%

Volatility

HUTL.TO vs. MSTE.TO - Volatility Comparison

The current volatility for Harvest Equal Weight Global Utilities Income ETF (HUTL.TO) is 3.63%, while Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE.TO) has a volatility of 19.05%. This indicates that HUTL.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.

Volatility by Period

	HUTL.TO	MSTE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	19.05%	-15.42%
Volatility (6M) Calculated over the trailing 6-month period	6.70%	63.62%	-56.92%
Volatility (1Y) Calculated over the trailing 1-year period	13.62%	81.63%	-68.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.83%	85.63%	-72.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.29%	85.63%	-70.34%