MSFH.TO vs. ZXLK.TO
MSFH.TO (Harvest Microsoft High Income Shares ETF Class A Units) and ZXLK.TO (BMO SPDR Technology Select Sector Index ETF) are both Technology Equities funds. MSFH.TO is actively managed, while ZXLK.TO is passively managed. Over the past year, MSFH.TO returned -16.47% vs 29.51% for ZXLK.TO. At a 0.34 correlation, their price movements are largely independent.
Performance
MSFH.TO vs. ZXLK.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 ZXLK.TO's 28.25% return.
MSFH.TO
- 1D
- 2.09%
- 1M
- -0.58%
- 6M
- -11.58%
- YTD
- -14.71%
- 1Y
- -16.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZXLK.TO
- 1D
- -1.64%
- 1M
- -4.86%
- 6M
- 27.65%
- YTD
- 28.25%
- 1Y
- 29.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSFH.TO vs. ZXLK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSFH.TO Harvest Microsoft High Income Shares ETF Class A Units | -14.71% | 10.61% |
ZXLK.TO BMO SPDR Technology Select Sector Index ETF | 28.25% | 9.84% |
Correlation
The correlation between MSFH.TO and ZXLK.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025 | 0.34 |
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Return for Risk
MSFH.TO vs. ZXLK.TO — Risk / Return Rank
MSFH.TO
ZXLK.TO
MSFH.TO vs. ZXLK.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 BMO SPDR Technology Select Sector Index ETF (ZXLK.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 | ZXLK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.22 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 1.18 | -1.72 |
| Martin ratioReturn relative to average drawdown | -0.97 | 2.85 | -3.82 |
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Drawdowns
MSFH.TO vs. ZXLK.TO - Drawdown Comparison
The maximum MSFH.TO drawdown since its inception was -31.00%, which is greater than ZXLK.TO's maximum drawdown of -25.04%. Use the drawdown chart below to compare losses from any high point for MSFH.TO and ZXLK.TO.
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Drawdown Indicators
| MSFH.TO | ZXLK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.00% | -25.04% | -5.96% |
Max Drawdown (1Y)Largest decline over 1 year | -31.00% | -25.04% | -5.96% |
Current DrawdownCurrent decline from peak | -23.17% | -6.97% | -16.20% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -6.96% | -2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.11% | 10.39% | +6.72% |
Volatility
MSFH.TO vs. ZXLK.TO - Volatility Comparison
Harvest Microsoft High Income Shares ETF Class A Units (MSFH.TO) has a higher volatility of 10.91% compared to BMO SPDR Technology Select Sector Index ETF (ZXLK.TO) at 10.24%. This indicates that MSFH.TO's price experiences larger fluctuations and is considered to be riskier than ZXLK.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 | ZXLK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.91% | 10.24% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 21.78% | 20.59% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.35% | 26.48% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.48% | 31.01% | -7.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 31.01% | -7.53% |
Dividends
MSFH.TO vs. ZXLK.TO - Dividend Comparison
MSFH.TO's dividend yield for the trailing twelve months is around 19.13%, more than ZXLK.TO's 0.24% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSFH.TO Harvest Microsoft High Income Shares ETF Class A Units | 19.13% | 14.88% | 4.59% |
ZXLK.TO BMO SPDR Technology Select Sector Index ETF | 0.24% | 0.31% | 0.00% |
Frequently Asked Questions
MSFH.TO and ZXLK.TO have a correlation of 0.35, 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 BMO.
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