MSHE.TO vs. MSTE.TO
MSHE.TO (Harvest Microsoft Enhanced High Income Shares ETF - Class A Units) and MSTE.TO (Harvest MicroStrategy Enhanced High Income Shares ETF) are both Derivative Income funds from Harvest. Both are actively managed. Over the past year, MSHE.TO returned -8.22% vs -71.76% for MSTE.TO. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.40% expense ratio.
Performance
MSHE.TO vs. MSTE.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 higher than MSTE.TO's -20.32% return.
MSHE.TO
- 1D
- -2.54%
- 1M
- 6.93%
- YTD
- -13.46%
- 6M
- -13.17%
- 1Y
- -8.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTE.TO
- 1D
- -8.67%
- 1M
- -33.14%
- YTD
- -20.32%
- 6M
- -37.71%
- 1Y
- -71.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSHE.TO vs. MSTE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSHE.TO Harvest Microsoft Enhanced High Income Shares ETF - Class A Units | -13.46% | 15.33% |
MSTE.TO Harvest MicroStrategy Enhanced High Income Shares ETF | -20.32% | -55.56% |
Correlation
The correlation between MSHE.TO and MSTE.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 Mar 6, 2025 | 0.33 |
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Return for Risk
MSHE.TO vs. MSTE.TO — Risk / Return Rank
MSHE.TO
MSTE.TO
MSHE.TO vs. MSTE.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 Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE.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 | MSTE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.81 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | -0.89 | +0.68 |
| Martin ratioReturn relative to average drawdown | -0.45 | -1.33 | +0.89 |
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 | MSTE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.30 | -0.93 | +0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | -0.67 | +0.67 |
Drawdowns
MSHE.TO vs. MSTE.TO - Drawdown Comparison
The maximum MSHE.TO drawdown since its inception was -37.62%, smaller than the maximum MSTE.TO drawdown of -80.35%. Use the drawdown chart below to compare losses from any high point for MSHE.TO and MSTE.TO.
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Drawdown Indicators
| MSHE.TO | MSTE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -80.35% | +42.73% |
Max Drawdown (1Y)Largest decline over 1 year | -37.62% | -80.35% | +42.73% |
Current DrawdownCurrent decline from peak | -23.77% | -76.21% | +52.44% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -39.63% | +28.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.36% | 53.78% | -35.42% |
Volatility
MSHE.TO vs. MSTE.TO - Volatility Comparison
The current volatility for Harvest Microsoft Enhanced High Income Shares ETF - Class A Units (MSHE.TO) is 11.24%, while Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE.TO) has a volatility of 23.39%. This indicates that MSHE.TO experiences smaller price fluctuations and is considered to be less risky than MSTE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSHE.TO | MSTE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.24% | 23.39% | -12.15% |
Volatility (6M)Calculated over the trailing 6-month period | 24.57% | 63.14% | -38.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.13% | 77.31% | -50.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.27% | 84.31% | -56.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.27% | 84.31% | -56.04% |
MSHE.TO vs. MSTE.TO - Expense Ratio Comparison
Both MSHE.TO and MSTE.TO have an expense ratio of 0.40%.
Dividends
MSHE.TO vs. MSTE.TO - Dividend Comparison
MSHE.TO's dividend yield for the trailing twelve months is around 21.77%, less than MSTE.TO's 149.64% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSHE.TO Harvest Microsoft Enhanced High Income Shares ETF - Class A Units | 21.77% | 17.17% | 5.28% |
MSTE.TO Harvest MicroStrategy Enhanced High Income Shares ETF | 149.64% | 121.40% | 0.00% |
Frequently Asked Questions
MSHE.TO and MSTE.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.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MSHE.TO and MSTE.TO have the same expense ratio: 0.40% per year.
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