MSFH.TO vs. HHIS.TO
MSFH.TO (Harvest Microsoft High Income Shares ETF Class A Units) and HHIS.TO (Harvest Diversified High Income Shares ETF) are both exchange-traded funds - MSFH.TO is a Technology Equities fund actively managed by Harvest, while HHIS.TO is a Derivative Income fund actively managed by Harvest. Both are actively managed. Over the past year, MSFH.TO returned -16.47% vs 17.49% for HHIS.TO. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
MSFH.TO vs. HHIS.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 HHIS.TO's 9.52% return.
MSFH.TO
- 1D
- 2.09%
- 1M
- -0.58%
- 6M
- -11.58%
- YTD
- -14.71%
- 1Y
- -16.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HHIS.TO
- 1D
- 0.70%
- 1M
- 1.38%
- 6M
- 6.98%
- YTD
- 9.52%
- 1Y
- 17.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSFH.TO vs. HHIS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSFH.TO Harvest Microsoft High Income Shares ETF Class A Units | -14.71% | 5.46% |
HHIS.TO Harvest Diversified High Income Shares ETF | 9.52% | 24.70% |
Correlation
The correlation between MSFH.TO and HHIS.TO is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025 | 0.55 |
The correlation between MSFH.TO and HHIS.TO has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.
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Return for Risk
MSFH.TO vs. HHIS.TO — Risk / Return Rank
MSFH.TO
HHIS.TO
MSFH.TO vs. HHIS.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 Harvest Diversified High Income Shares ETF (HHIS.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 | HHIS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.14 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 0.72 | -1.26 |
| Martin ratioReturn relative to average drawdown | -0.97 | 1.75 | -2.72 |
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Drawdowns
MSFH.TO vs. HHIS.TO - Drawdown Comparison
The maximum MSFH.TO drawdown since its inception was -31.00%, roughly equal to the maximum HHIS.TO drawdown of -31.83%. Use the drawdown chart below to compare losses from any high point for MSFH.TO and HHIS.TO.
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Drawdown Indicators
| MSFH.TO | HHIS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.00% | -31.83% | +0.83% |
Max Drawdown (1Y)Largest decline over 1 year | -31.00% | -24.43% | -6.57% |
Current DrawdownCurrent decline from peak | -23.17% | -2.78% | -20.39% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -8.45% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.11% | 10.02% | +7.09% |
Volatility
MSFH.TO vs. HHIS.TO - Volatility Comparison
Harvest Microsoft High Income Shares ETF Class A Units (MSFH.TO) has a higher volatility of 10.91% compared to Harvest Diversified High Income Shares ETF (HHIS.TO) at 7.41%. This indicates that MSFH.TO's price experiences larger fluctuations and is considered to be riskier than HHIS.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 | HHIS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.91% | 7.41% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 21.78% | 19.03% | +2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.35% | 24.62% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.48% | 33.46% | -9.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 33.46% | -9.98% |
Dividends
MSFH.TO vs. HHIS.TO - Dividend Comparison
MSFH.TO's dividend yield for the trailing twelve months is around 19.13%, less than HHIS.TO's 27.40% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HHIS.TO Harvest Diversified High Income Shares ETF | 27.40% | 22.88% | 0.00% |
MSFH.TO Harvest Microsoft High Income Shares ETF Class A Units | 19.13% | 14.88% | 4.59% |
Frequently Asked Questions
MSFH.TO and HHIS.TO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFH.TO is categorized as Technology Equities, while HHIS.TO is Derivative Income.
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