LLYH.TO vs. MSTE.TO
LLYH.TO (Harvest Eli Lilly High Income Shares ETF Class A Units) and MSTE.TO (Harvest MicroStrategy Enhanced High Income Shares ETF) are both exchange-traded funds - LLYH.TO is a Dividend 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, LLYH.TO returned 39.69% vs -71.76% for MSTE.TO. At a 0.06 correlation, their price movements are largely independent. Both charge a 0.40% expense ratio.
Performance
LLYH.TO vs. MSTE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, LLYH.TO achieves a 3.76% return, which is significantly higher than MSTE.TO's -20.32% return.
LLYH.TO
- 1D
- 1.49%
- 1M
- 11.47%
- YTD
- 3.76%
- 6M
- 6.93%
- 1Y
- 39.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTE.TO
- 1D
- -8.67%
- 1M
- -33.14%
- YTD
- -20.32%
- 6M
- -37.71%
- 1Y
- -71.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LLYH.TO vs. MSTE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LLYH.TO Harvest Eli Lilly High Income Shares ETF Class A Units | 3.76% | 9.85% |
MSTE.TO Harvest MicroStrategy Enhanced High Income Shares ETF | -20.32% | -55.56% |
Correlation
The correlation between LLYH.TO and MSTE.TO is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | 0.06 |
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Return for Risk
LLYH.TO vs. MSTE.TO — Risk / Return Rank
LLYH.TO
MSTE.TO
LLYH.TO vs. MSTE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Eli Lilly High Income Shares ETF Class A Units (LLYH.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.
| LLYH.TO | MSTE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.14 | ||
| Sortino ratioReturn per unit of downside risk | +3.48 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.81 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | -0.89 | +2.80 |
| Martin ratioReturn relative to average drawdown | 5.21 | -1.33 | +6.54 |
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
| LLYH.TO | MSTE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | -0.93 | +2.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | -0.67 | +0.91 |
Drawdowns
LLYH.TO vs. MSTE.TO - Drawdown Comparison
The maximum LLYH.TO drawdown since its inception was -31.00%, smaller than the maximum MSTE.TO drawdown of -80.35%. Use the drawdown chart below to compare losses from any high point for LLYH.TO and MSTE.TO.
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Drawdown Indicators
| LLYH.TO | MSTE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.00% | -80.35% | +49.35% |
Max Drawdown (1Y)Largest decline over 1 year | -20.97% | -80.35% | +59.38% |
Current DrawdownCurrent decline from peak | -2.39% | -76.21% | +73.82% |
Average DrawdownAverage peak-to-trough decline | -10.18% | -39.63% | +29.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.64% | 53.78% | -46.14% |
Volatility
LLYH.TO vs. MSTE.TO - Volatility Comparison
The current volatility for Harvest Eli Lilly High Income Shares ETF Class A Units (LLYH.TO) is 6.85%, while Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE.TO) has a volatility of 23.39%. This indicates that LLYH.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
| LLYH.TO | MSTE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.85% | 23.39% | -16.54% |
Volatility (6M)Calculated over the trailing 6-month period | 24.78% | 63.14% | -38.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.04% | 77.31% | -44.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.82% | 84.31% | -50.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.82% | 84.31% | -50.49% |
LLYH.TO vs. MSTE.TO - Expense Ratio Comparison
Both LLYH.TO and MSTE.TO have an expense ratio of 0.40%.
Dividends
LLYH.TO vs. MSTE.TO - Dividend Comparison
LLYH.TO's dividend yield for the trailing twelve months is around 17.81%, less than MSTE.TO's 149.64% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
LLYH.TO Harvest Eli Lilly High Income Shares ETF Class A Units | 17.81% | 17.54% | 6.17% |
MSTE.TO Harvest MicroStrategy Enhanced High Income Shares ETF | 149.64% | 121.40% | 0.00% |
Frequently Asked Questions
LLYH.TO and MSTE.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LLYH.TO and MSTE.TO have the same expense ratio: 0.40% per year.
LLYH.TO is categorized as Dividend, while MSTE.TO is Derivative Income.
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