METE.TO vs. UNHG

Last updated Jun 26, 2026

METE.TO (Harvest Meta Enhanced High Income Shares ETF - Class A Units) and UNHG (Leverage Shares 2x Long UNH Daily ETF) are both exchange-traded funds - METE.TO is a Derivative Income fund actively managed by Harvest Portfolios Group, while UNHG is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. At a 0.22 correlation, their price movements are largely independent. METE.TO charges 0.40%/yr vs 0.75%/yr for UNHG.

Performance

METE.TO vs. UNHG - 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 Leverage Shares 2x Long UNH Daily ETF (UNHG). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

METE.TO is traded in CAD, while UNHG is traded in USD. To make them comparable, the UNHG 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*: —

UNHG

• 1D: 5.00%
• 1M: 24.49%
• YTD: 42.45%
• 6M: 44.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

METE.TO vs. UNHG - Yearly Performance Comparison

	2026 (YTD)
METE.TO Harvest Meta Enhanced High Income Shares ETF - Class A Units	-9.32%
UNHG Leverage Shares 2x Long UNH Daily ETF	41.14%

Correlation

The correlation between METE.TO and UNHG is 0.22, 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	0.22

Return for Risk

METE.TO vs. UNHG - 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 Leverage Shares 2x Long UNH Daily ETF (UNHG). 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. UNHG - Drawdown Comparison

The maximum METE.TO drawdown since its inception was -28.37%, smaller than the maximum UNHG drawdown of -57.31%. Use the drawdown chart below to compare losses from any high point for METE.TO and UNHG.

Drawdown Indicators

	METE.TO	UNHG	Difference
Max Drawdown Largest peak-to-trough decline	-28.37%	-57.31%	+28.94%
Current Drawdown Current decline from peak	-24.04%	0.00%	-24.04%
Average Drawdown Average peak-to-trough decline	-12.90%	-21.71%	+8.81%

Volatility

Volatility by Period

	METE.TO	UNHG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	44.52%	80.59%	-36.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.52%	80.59%	-36.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.52%	80.59%	-36.07%

METE.TO vs. UNHG - Expense Ratio Comparison

METE.TO has a 0.40% expense ratio, which is lower than UNHG's 0.75% expense ratio.

Dividends

METE.TO vs. UNHG - Dividend Comparison

METE.TO's dividend yield for the trailing twelve months is around 11.56%, more than UNHG's 8.25% yield.

Position	TTM	2025
METE.TO Harvest Meta Enhanced High Income Shares ETF - Class A Units	11.56%	0.00%
UNHG Leverage Shares 2x Long UNH Daily ETF	8.25%	11.30%

Frequently Asked Questions

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

METE.TO and UNHG have a correlation of 0.22, 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 UNHG?

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 UNHG?

METE.TO is cheaper with a 0.40% expense ratio, compared with 0.75% for UNHG.

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

METE.TO is categorized as Derivative Income, while UNHG is Leveraged Equities. They also come from different issuers: Harvest Portfolios Group and Leverage Shares. Their fees differ too: 0.40% for METE.TO and 0.75% for UNHG.