MSTE.TO vs. CASH.TO
MSTE.TO (Harvest Strategy Inc. Enhanced High Income Shares ETF) and CASH.TO (Global X High Interest Savings ETF) are both exchange-traded funds - MSTE.TO is a Derivative Income fund actively managed by Harvest, while CASH.TO is a Money Market fund actively managed by Global X. Both are actively managed. Over the past year, MSTE.TO returned -71.87% vs 2.23% for CASH.TO. At a 0.06 correlation, their price movements are largely independent. MSTE.TO charges 1.89%/yr vs 0.11%/yr for CASH.TO.
Performance
MSTE.TO vs. CASH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MSTE.TO achieves a -21.78% return, which is significantly lower than CASH.TO's 0.91% return.
MSTE.TO
- 1D
- 5.49%
- 1M
- -33.44%
- YTD
- -21.78%
- 6M
- -33.78%
- 1Y
- -71.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CASH.TO
- 1D
- 0.02%
- 1M
- 0.15%
- YTD
- 0.91%
- 6M
- 1.03%
- 1Y
- 2.23%
- 3Y*
- 3.60%
- 5Y*
- —
- 10Y*
- —
MSTE.TO vs. CASH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTE.TO Harvest Strategy Inc. Enhanced High Income Shares ETF | -21.78% | -50.82% |
CASH.TO Global X High Interest Savings ETF | 0.91% | 2.02% |
Correlation
The correlation between MSTE.TO and CASH.TO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2025 | 0.06 |
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Return for Risk
MSTE.TO vs. CASH.TO — Risk / Return Rank
MSTE.TO
CASH.TO
MSTE.TO vs. CASH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Strategy Inc. Enhanced High Income Shares ETF (MSTE.TO) and Global X High Interest Savings ETF (CASH.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.
| MSTE.TO | CASH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.47 | ||
| Sortino ratioReturn per unit of downside risk | -27.86 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 7.03 | -6.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 113.10 | -114.00 |
| Martin ratioReturn relative to average drawdown | -1.30 | 389.01 | -390.31 |
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Drawdowns
MSTE.TO vs. CASH.TO - Drawdown Comparison
The maximum MSTE.TO drawdown since its inception was -80.35%, which is greater than CASH.TO's maximum drawdown of -0.80%. Use the drawdown chart below to compare losses from any high point for MSTE.TO and CASH.TO.
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Drawdown Indicators
| MSTE.TO | CASH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.35% | -0.80% | -79.55% |
Max Drawdown (1Y)Largest decline over 1 year | -80.35% | -0.02% | -80.33% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.06% | — |
Current DrawdownCurrent decline from peak | -76.64% | 0.00% | -76.64% |
Average DrawdownAverage peak-to-trough decline | -40.32% | -0.00% | -40.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.29% | 0.01% | +55.28% |
Volatility
MSTE.TO vs. CASH.TO - Volatility Comparison
Harvest Strategy Inc. Enhanced High Income Shares ETF (MSTE.TO) has a higher volatility of 26.36% compared to Global X High Interest Savings ETF (CASH.TO) at 0.08%. This indicates that MSTE.TO's price experiences larger fluctuations and is considered to be riskier than CASH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTE.TO | CASH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.36% | 0.08% | +26.28% |
Volatility (6M)Calculated over the trailing 6-month period | 64.10% | 0.16% | +63.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.35% | 0.24% | +78.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.90% | 0.61% | +84.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.90% | 0.61% | +84.29% |
MSTE.TO vs. CASH.TO - Expense Ratio Comparison
MSTE.TO has a 1.89% expense ratio, which is higher than CASH.TO's 0.11% expense ratio.
Dividends
MSTE.TO vs. CASH.TO - Dividend Comparison
MSTE.TO's dividend yield for the trailing twelve months is around 152.42%, more than CASH.TO's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CASH.TO Global X High Interest Savings ETF | 2.19% | 2.53% | 4.37% | 5.05% | 2.30% | 0.10% |
MSTE.TO Harvest Strategy Inc. Enhanced High Income Shares ETF | 152.42% | 121.40% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSTE.TO and CASH.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CASH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CASH.TO is cheaper with a 0.11% expense ratio, compared with 1.89% for MSTE.TO.
MSTE.TO is categorized as Derivative Income, while CASH.TO is Money Market. They also come from different issuers: Harvest and Global X. Their fees differ too: 1.89% for MSTE.TO and 0.11% for CASH.TO.
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