METE.TO vs. TDAX

Last updated Jun 26, 2026

METE.TO (Harvest Meta Enhanced High Income Shares ETF - Class A Units) and TDAX (TDAQ Lift ETF) are both exchange-traded funds - METE.TO is a Derivative Income fund actively managed by Harvest Portfolios Group, while TDAX is a Leveraged Equities fund actively managed by TappAlpha. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. METE.TO charges 0.40%/yr vs 0.98%/yr for TDAX.

Performance

METE.TO vs. TDAX - 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 TDAQ Lift ETF (TDAX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

METE.TO is traded in CAD, while TDAX is traded in USD. To make them comparable, the TDAX values have been converted to CAD using the latest available exchange rates.

Returns By Period

METE.TO

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

TDAX

• 1D: 1.16%
• 1M: -1.39%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

METE.TO vs. TDAX - Yearly Performance Comparison

	2026 (YTD)
METE.TO Harvest Meta Enhanced High Income Shares ETF - Class A Units	-9.32%
TDAX TDAQ Lift ETF	17.79%

Correlation

The correlation between METE.TO and TDAX is 0.41, 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	0.41

Return for Risk

METE.TO vs. TDAX - 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 TDAQ Lift ETF (TDAX). 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.

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

Drawdowns

METE.TO vs. TDAX - Drawdown Comparison

The maximum METE.TO drawdown since its inception was -28.37%, which is greater than TDAX's maximum drawdown of -14.19%. Use the drawdown chart below to compare losses from any high point for METE.TO and TDAX.

Drawdown Indicators

	METE.TO	TDAX	Difference
Max Drawdown Largest peak-to-trough decline	-28.37%	-14.19%	-14.18%
Current Drawdown Current decline from peak	-24.04%	-3.55%	-20.49%
Average Drawdown Average peak-to-trough decline	-12.90%	-4.04%	-8.86%

Volatility

Volatility by Period

	METE.TO	TDAX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	44.52%	27.20%	+17.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.52%	27.20%	+17.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.52%	27.20%	+17.32%

METE.TO vs. TDAX - Expense Ratio Comparison

METE.TO has a 0.40% expense ratio, which is lower than TDAX's 0.98% expense ratio.

Dividends

METE.TO vs. TDAX - Dividend Comparison

METE.TO's dividend yield for the trailing twelve months is around 11.56%, more than TDAX's 9.39% yield.

Position	TTM
METE.TO Harvest Meta Enhanced High Income Shares ETF - Class A Units	11.56%
TDAX TDAQ Lift ETF	9.39%

Frequently Asked Questions

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

METE.TO and TDAX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, METE.TO or TDAX?

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.

Which ETF is cheaper, METE.TO or TDAX?

METE.TO is cheaper with a 0.40% expense ratio, compared with 0.98% for TDAX.

What is the main difference between METE.TO and TDAX?

METE.TO is categorized as Derivative Income, while TDAX is Leveraged Equities. They also come from different issuers: Harvest Portfolios Group and TappAlpha. Their fees differ too: 0.40% for METE.TO and 0.98% for TDAX.