MSHE.TO vs. ECHI.TO
MSHE.TO (Harvest Microsoft Enhanced High Income Shares ETF - Class A Units) and ECHI.TO (Ninepoint Enhanced Canadian HighShares ETF) are both Derivative Income funds. Both are actively managed. At a 0.26 correlation, their price movements are largely independent. MSHE.TO charges 0.40%/yr vs 0.29%/yr for ECHI.TO.
Performance
MSHE.TO vs. ECHI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MSHE.TO achieves a -13.46% return, which is significantly lower than ECHI.TO's 16.77% return.
MSHE.TO
- 1D
- -2.54%
- 1M
- 6.93%
- YTD
- -13.46%
- 6M
- -13.17%
- 1Y
- -8.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ECHI.TO
- 1D
- -0.95%
- 1M
- 4.10%
- YTD
- 16.77%
- 6M
- 19.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSHE.TO vs. ECHI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSHE.TO Harvest Microsoft Enhanced High Income Shares ETF - Class A Units | -13.46% | -4.41% |
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF | 16.77% | 20.01% |
Correlation
The correlation between MSHE.TO and ECHI.TO is 0.26, 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 Aug 25, 2025 | 0.26 |
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Return for Risk
MSHE.TO vs. ECHI.TO — Risk / Return Rank
MSHE.TO
ECHI.TO
MSHE.TO vs. ECHI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Microsoft Enhanced High Income Shares ETF - Class A Units (MSHE.TO) and Ninepoint Enhanced Canadian HighShares ETF (ECHI.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.
| MSHE.TO | ECHI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.97 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | — | — |
| Martin ratioReturn relative to average drawdown | -0.45 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSHE.TO | ECHI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 3.14 | -3.14 |
Drawdowns
MSHE.TO vs. ECHI.TO - Drawdown Comparison
The maximum MSHE.TO drawdown since its inception was -37.62%, which is greater than ECHI.TO's maximum drawdown of -6.84%. Use the drawdown chart below to compare losses from any high point for MSHE.TO and ECHI.TO.
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Drawdown Indicators
| MSHE.TO | ECHI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -6.84% | -30.78% |
Max Drawdown (1Y)Largest decline over 1 year | -37.62% | — | — |
Current DrawdownCurrent decline from peak | -23.77% | -0.95% | -22.82% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -1.26% | -9.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.36% | — | — |
Volatility
MSHE.TO vs. ECHI.TO - Volatility Comparison
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Volatility by Period
| MSHE.TO | ECHI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.24% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 24.57% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.13% | 17.48% | +9.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.27% | 17.48% | +10.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.27% | 17.48% | +10.79% |
MSHE.TO vs. ECHI.TO - Expense Ratio Comparison
MSHE.TO has a 0.40% expense ratio, which is higher than ECHI.TO's 0.29% expense ratio.
Dividends
MSHE.TO vs. ECHI.TO - Dividend Comparison
MSHE.TO's dividend yield for the trailing twelve months is around 21.77%, more than ECHI.TO's 10.90% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF | 10.90% | 5.27% | 0.00% |
MSHE.TO Harvest Microsoft Enhanced High Income Shares ETF - Class A Units | 21.77% | 17.17% | 5.28% |
Frequently Asked Questions
MSHE.TO and ECHI.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ECHI.TO is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECHI.TO is cheaper with a 0.29% expense ratio, compared with 0.40% for MSHE.TO.
They also come from different issuers: Harvest and Ninepoint. Their fees differ too: 0.40% for MSHE.TO and 0.29% for ECHI.TO.
Find the right allocation for MSHE.TO and ECHI.TO
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