MSFH.TO vs. FDN.TO
MSFH.TO (Harvest Microsoft High Income Shares ETF Class A Units) and FDN.TO (First Trust Dow Jones Internet ETF) are both Technology Equities funds. MSFH.TO is actively managed, while FDN.TO is passively managed. Over the past year, MSFH.TO returned -16.47% vs 6.45% for FDN.TO. At a 0.44 correlation, their price movements are largely independent.
Performance
MSFH.TO vs. FDN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MSFH.TO achieves a -14.71% return, which is significantly lower than FDN.TO's 4.51% return.
MSFH.TO
- 1D
- 2.09%
- 1M
- -0.58%
- 6M
- -11.58%
- YTD
- -14.71%
- 1Y
- -16.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDN.TO
- 1D
- 0.35%
- 1M
- 5.14%
- 6M
- 6.20%
- YTD
- 4.51%
- 1Y
- 6.45%
- 3Y*
- 19.77%
- 5Y*
- 4.92%
- 10Y*
- 3.50%
MSFH.TO vs. FDN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSFH.TO Harvest Microsoft High Income Shares ETF Class A Units | -14.71% | 6.58% | 5.90% |
FDN.TO First Trust Dow Jones Internet ETF | 4.51% | 5.45% | 28.47% |
Correlation
The correlation between MSFH.TO and FDN.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024 | 0.44 |
The correlation between MSFH.TO and FDN.TO shifts across timeframes, from 0.33 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MSFH.TO vs. FDN.TO — Risk / Return Rank
MSFH.TO
FDN.TO
MSFH.TO vs. FDN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Microsoft High Income Shares ETF Class A Units (MSFH.TO) and First Trust Dow Jones Internet ETF (FDN.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.
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.
| MSFH.TO | FDN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.08 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 0.30 | -0.84 |
| Martin ratioReturn relative to average drawdown | -0.97 | 0.68 | -1.65 |
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Drawdowns
MSFH.TO vs. FDN.TO - Drawdown Comparison
The maximum MSFH.TO drawdown since its inception was -31.00%, smaller than the maximum FDN.TO drawdown of -50.44%. Use the drawdown chart below to compare losses from any high point for MSFH.TO and FDN.TO.
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Drawdown Indicators
| MSFH.TO | FDN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.00% | -50.44% | +19.44% |
Max Drawdown (1Y)Largest decline over 1 year | -31.00% | -21.40% | -9.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.31% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.44% | — |
Current DrawdownCurrent decline from peak | -23.17% | -3.22% | -19.95% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -10.74% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.11% | 9.44% | +7.67% |
Volatility
MSFH.TO vs. FDN.TO - Volatility Comparison
Harvest Microsoft High Income Shares ETF Class A Units (MSFH.TO) has a higher volatility of 10.91% compared to First Trust Dow Jones Internet ETF (FDN.TO) at 5.14%. This indicates that MSFH.TO's price experiences larger fluctuations and is considered to be riskier than FDN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFH.TO | FDN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.91% | 5.14% | +5.77% |
Volatility (6M)Calculated over the trailing 6-month period | 21.78% | 16.42% | +5.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.35% | 19.77% | +4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.48% | 26.12% | -2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 21.15% | +2.33% |
Dividends
MSFH.TO vs. FDN.TO - Dividend Comparison
MSFH.TO's dividend yield for the trailing twelve months is around 19.13%, while FDN.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDN.TO First Trust Dow Jones Internet ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.65% | 5.69% | 1.47% | 1.40% | 1.76% | 1.51% | 1.50% |
MSFH.TO Harvest Microsoft High Income Shares ETF Class A Units | 19.13% | 14.88% | 4.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSFH.TO and FDN.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Harvest and First Trust.
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