METE.TO vs. HPYT.TO
METE.TO (Harvest Meta Enhanced High Income Shares ETF - Class A Units) and HPYT.TO (Harvest Premium Yield Treasury ETF A) are both Derivative Income funds. Both are actively managed. Over the past year, METE.TO returned -5.95% vs 5.01% for HPYT.TO. At a 0.05 correlation, their price movements are largely independent. METE.TO charges 0.40%/yr vs 0.45%/yr for HPYT.TO.
Performance
METE.TO vs. HPYT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, METE.TO achieves a -4.55% return, which is significantly lower than HPYT.TO's -0.30% return.
METE.TO
- 1D
- 5.47%
- 1M
- 4.67%
- YTD
- -4.55%
- 6M
- -2.86%
- 1Y
- -5.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HPYT.TO
- 1D
- -0.31%
- 1M
- 0.63%
- YTD
- -0.30%
- 6M
- -1.79%
- 1Y
- 5.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
METE.TO vs. HPYT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METE.TO Harvest Meta Enhanced High Income Shares ETF - Class A Units | -4.55% | -0.67% |
HPYT.TO Harvest Premium Yield Treasury ETF A | -0.30% | 4.82% |
Correlation
The correlation between METE.TO and HPYT.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2025 | 0.05 |
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Return for Risk
METE.TO vs. HPYT.TO — Risk / Return Rank
METE.TO
HPYT.TO
METE.TO vs. HPYT.TO - 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 Harvest Premium Yield Treasury ETF A (HPYT.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.
| METE.TO | HPYT.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.16 | 0.62 | -0.78 |
Sortino ratioReturn per unit of downside risk | 0.02 | 0.93 | -0.91 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.11 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | -0.17 | 0.76 | -0.93 |
Martin ratioReturn relative to average drawdown | -0.36 | 2.06 | -2.42 |
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
| METE.TO | HPYT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 0.62 | -0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.08 | -0.17 |
Drawdowns
METE.TO vs. HPYT.TO - Drawdown Comparison
The maximum METE.TO drawdown since its inception was -40.10%, which is greater than HPYT.TO's maximum drawdown of -13.17%. Use the drawdown chart below to compare losses from any high point for METE.TO and HPYT.TO.
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Drawdown Indicators
| METE.TO | HPYT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.10% | -13.17% | -26.93% |
Max Drawdown (1Y)Largest decline over 1 year | -35.48% | -6.61% | -28.87% |
Current DrawdownCurrent decline from peak | -22.07% | -7.33% | -14.74% |
Average DrawdownAverage peak-to-trough decline | -15.68% | -5.86% | -9.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.51% | 2.44% | +14.07% |
Volatility
METE.TO vs. HPYT.TO - Volatility Comparison
Harvest Meta Enhanced High Income Shares ETF - Class A Units (METE.TO) has a higher volatility of 9.99% compared to Harvest Premium Yield Treasury ETF A (HPYT.TO) at 2.78%. This indicates that METE.TO's price experiences larger fluctuations and is considered to be riskier than HPYT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| METE.TO | HPYT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.99% | 2.78% | +7.21% |
Volatility (6M)Calculated over the trailing 6-month period | 28.26% | 5.67% | +22.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.57% | 8.14% | +28.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.08% | 10.87% | +31.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.08% | 10.87% | +31.21% |
METE.TO vs. HPYT.TO - Expense Ratio Comparison
METE.TO has a 0.40% expense ratio, which is lower than HPYT.TO's 0.45% expense ratio.
Dividends
METE.TO vs. HPYT.TO - Dividend Comparison
METE.TO's dividend yield for the trailing twelve months is around 25.77%, more than HPYT.TO's 17.40% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HPYT.TO Harvest Premium Yield Treasury ETF A | 17.40% | 18.87% | 18.61% | 3.71% |
METE.TO Harvest Meta Enhanced High Income Shares ETF - Class A Units | 25.77% | 21.31% | 0.00% | 0.00% |
Frequently Asked Questions
METE.TO and HPYT.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, METE.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
METE.TO is cheaper with a 0.40% expense ratio, compared with 0.45% for HPYT.TO.
They also come from different issuers: Harvest Portfolios Group and Harvest. Their fees differ too: 0.40% for METE.TO and 0.45% for HPYT.TO.
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