MSFH.TO vs. TECI.TO
MSFH.TO (Harvest Microsoft High Income Shares ETF Class A Units) and TECI.TO (TD Global Technology Innovators Index ETF) are both Technology Equities funds. MSFH.TO is actively managed, while TECI.TO is passively managed. Over the past year, MSFH.TO returned -16.47% vs 59.24% for TECI.TO. At a 0.41 correlation, their price movements are largely independent.
Performance
MSFH.TO vs. TECI.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 TECI.TO's 39.75% return.
MSFH.TO
- 1D
- 2.09%
- 1M
- -0.58%
- 6M
- -11.58%
- YTD
- -14.71%
- 1Y
- -16.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TECI.TO
- 1D
- -1.81%
- 1M
- -6.36%
- 6M
- 33.93%
- YTD
- 39.75%
- 1Y
- 59.24%
- 3Y*
- 31.49%
- 5Y*
- —
- 10Y*
- —
MSFH.TO vs. TECI.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% |
TECI.TO TD Global Technology Innovators Index ETF | 39.75% | 21.96% | 14.46% |
Correlation
The correlation between MSFH.TO and TECI.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024 | 0.41 |
The correlation between MSFH.TO and TECI.TO shifts across timeframes, from 0.27 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MSFH.TO vs. TECI.TO — Risk / Return Rank
MSFH.TO
TECI.TO
MSFH.TO vs. TECI.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 TD Global Technology Innovators Index ETF (TECI.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 | TECI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.73 | ||
| Sortino ratioReturn per unit of downside risk | -3.37 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.34 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 4.99 | -5.53 |
| Martin ratioReturn relative to average drawdown | -0.97 | 13.58 | -14.55 |
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Drawdowns
MSFH.TO vs. TECI.TO - Drawdown Comparison
The maximum MSFH.TO drawdown since its inception was -31.00%, smaller than the maximum TECI.TO drawdown of -55.35%. Use the drawdown chart below to compare losses from any high point for MSFH.TO and TECI.TO.
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Drawdown Indicators
| MSFH.TO | TECI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.00% | -55.35% | +24.35% |
Max Drawdown (1Y)Largest decline over 1 year | -31.00% | -11.92% | -19.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.77% | — |
Current DrawdownCurrent decline from peak | -23.17% | -9.38% | -13.79% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -22.90% | +13.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.11% | 4.38% | +12.73% |
Volatility
MSFH.TO vs. TECI.TO - Volatility Comparison
The current volatility for Harvest Microsoft High Income Shares ETF Class A Units (MSFH.TO) is 10.91%, while TD Global Technology Innovators Index ETF (TECI.TO) has a volatility of 12.70%. This indicates that MSFH.TO experiences smaller price fluctuations and is considered to be less risky than TECI.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 | TECI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.91% | 12.70% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 21.78% | 25.10% | -3.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.35% | 29.07% | -4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.48% | 30.01% | -6.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 30.01% | -6.53% |
Dividends
MSFH.TO vs. TECI.TO - Dividend Comparison
MSFH.TO's dividend yield for the trailing twelve months is around 19.13%, more than TECI.TO's 0.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MSFH.TO Harvest Microsoft High Income Shares ETF Class A Units | 19.13% | 14.88% | 4.59% | 0.00% | 0.00% |
TECI.TO TD Global Technology Innovators Index ETF | 0.07% | 0.10% | 0.43% | 0.55% | 0.77% |
Frequently Asked Questions
MSFH.TO and TECI.TO have a correlation of 0.27, 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 TD.
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