METE.TO vs. EMCL.NEO

Last updated Jun 26, 2026

METE.TO (Harvest Meta Enhanced High Income Shares ETF - Class A Units) and EMCL.NEO (Global X Enhanced MSCI Emerging Markets Covered Call ETF) are both Derivative Income funds. Both are actively managed. At a 0.36 correlation, their price movements are largely independent.

Performance

METE.TO vs. EMCL.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Meta Enhanced High Income Shares ETF - Class A Units (METE.TO) and Global X Enhanced MSCI Emerging Markets Covered Call ETF (EMCL.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

METE.TO

• 1D: -3.55%
• 1M: -10.22%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMCL.NEO

• 1D: 0.84%
• 1M: 3.55%
• YTD: 28.01%
• 6M: 29.37%
• 1Y: 48.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

METE.TO vs. EMCL.NEO - Yearly Performance Comparison

	2026 (YTD)
METE.TO Harvest Meta Enhanced High Income Shares ETF - Class A Units	-9.32%
EMCL.NEO Global X Enhanced MSCI Emerging Markets Covered Call ETF	20.78%

Correlation

The correlation between METE.TO and EMCL.NEO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026	0.36

Return for Risk

METE.TO vs. EMCL.NEO — Risk / Return Rank

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

METE.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

EMCL.NEO

EMCL.NEO Risk / Return Rank: 78
EMCL.NEO Sharpe Ratio Rank: 79
EMCL.NEO Sortino Ratio Rank: 67
EMCL.NEO Omega Ratio Rank: 85
EMCL.NEO Calmar Ratio Rank: 81
EMCL.NEO Martin Ratio Rank: 79

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.

METE.TO vs. EMCL.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Meta Enhanced High Income Shares ETF - Class A Units (METE.TO) and Global X Enhanced MSCI Emerging Markets Covered Call ETF (EMCL.NEO). 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.

	METE.TO	EMCL.NEO	Difference
Sharpe ratio: Return per unit of total volatility	—	2.21	—
Sortino ratio: Return per unit of downside risk	—	2.71	—
Omega ratio: Gain probability vs. loss probability	—	1.45	—
Calmar ratio: Return relative to maximum drawdown	—	3.79	—
Martin ratio: Return relative to average drawdown	—	13.57	—

Drawdowns

METE.TO vs. EMCL.NEO - Drawdown Comparison

The maximum METE.TO drawdown since its inception was -28.37%, which is greater than EMCL.NEO's maximum drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for METE.TO and EMCL.NEO.

Drawdown Indicators

	METE.TO	EMCL.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-28.37%	-19.73%	-8.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.12%	—
Current Drawdown Current decline from peak	-24.04%	-3.84%	-20.20%
Average Drawdown Average peak-to-trough decline	-12.90%	-2.57%	-10.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.62%	—

Volatility

Volatility by Period

	METE.TO	EMCL.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	44.52%	22.46%	+22.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.52%	23.00%	+21.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.52%	23.00%	+21.52%

Dividends

METE.TO vs. EMCL.NEO - Dividend Comparison

METE.TO's dividend yield for the trailing twelve months is around 11.56%, more than EMCL.NEO's 10.11% yield.

Position	TTM	2025	2024
EMCL.NEO Global X Enhanced MSCI Emerging Markets Covered Call ETF	10.11%	9.86%	3.10%
METE.TO Harvest Meta Enhanced High Income Shares ETF - Class A Units	11.56%	0.00%	0.00%

Frequently Asked Questions

Can I hold both METE.TO and EMCL.NEO in my portfolio?

METE.TO and EMCL.NEO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between METE.TO and EMCL.NEO?

They also come from different issuers: Harvest Portfolios Group and Global X.