MSTE.TO vs. CBNK.TO
MSTE.TO (Harvest MicroStrategy Enhanced High Income Shares ETF) and CBNK.TO (Mulvihill Canadian Bank Enhanced Yield ETF) are both Derivative Income funds. Both are actively managed. Over the past year, MSTE.TO returned -71.76% vs 79.20% for CBNK.TO. At a 0.29 correlation, their price movements are largely independent.
Performance
MSTE.TO vs. CBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MSTE.TO achieves a -20.32% return, which is significantly lower than CBNK.TO's 25.56% return.
MSTE.TO
- 1D
- -8.67%
- 1M
- -33.14%
- YTD
- -20.32%
- 6M
- -37.71%
- 1Y
- -71.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBNK.TO
- 1D
- 0.42%
- 1M
- 7.74%
- YTD
- 25.56%
- 6M
- 32.17%
- 1Y
- 79.20%
- 3Y*
- 38.97%
- 5Y*
- —
- 10Y*
- —
MSTE.TO vs. CBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTE.TO Harvest MicroStrategy Enhanced High Income Shares ETF | -20.32% | -55.56% |
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 25.56% | 58.04% |
Correlation
The correlation between MSTE.TO and CBNK.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 | 0.29 |
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Return for Risk
MSTE.TO vs. CBNK.TO — Risk / Return Rank
MSTE.TO
CBNK.TO
MSTE.TO vs. CBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE.TO) and Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.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.
| MSTE.TO | CBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.05 | ||
| Sortino ratioReturn per unit of downside risk | -8.53 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.87 | -1.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 7.94 | -8.83 |
| Martin ratioReturn relative to average drawdown | -1.33 | 34.25 | -35.59 |
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
| MSTE.TO | CBNK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | 5.12 | -6.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.67 | 1.10 | -1.77 |
Drawdowns
MSTE.TO vs. CBNK.TO - Drawdown Comparison
The maximum MSTE.TO drawdown since its inception was -80.35%, which is greater than CBNK.TO's maximum drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for MSTE.TO and CBNK.TO.
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Drawdown Indicators
| MSTE.TO | CBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.35% | -32.12% | -48.23% |
Max Drawdown (1Y)Largest decline over 1 year | -80.35% | -10.03% | -70.32% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.92% | — |
Current DrawdownCurrent decline from peak | -76.21% | -2.29% | -73.92% |
Average DrawdownAverage peak-to-trough decline | -39.63% | -10.92% | -28.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.78% | 2.32% | +51.46% |
Volatility
MSTE.TO vs. CBNK.TO - Volatility Comparison
Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE.TO) has a higher volatility of 23.39% compared to Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) at 5.67%. This indicates that MSTE.TO's price experiences larger fluctuations and is considered to be riskier than CBNK.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 | CBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.39% | 5.67% | +17.72% |
Volatility (6M)Calculated over the trailing 6-month period | 63.14% | 13.29% | +49.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.31% | 15.55% | +61.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.31% | 17.55% | +66.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.31% | 17.55% | +66.76% |
Dividends
MSTE.TO vs. CBNK.TO - Dividend Comparison
MSTE.TO's dividend yield for the trailing twelve months is around 149.64%, more than CBNK.TO's 5.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 5.94% | 5.86% | 8.25% | 9.59% | 7.85% |
MSTE.TO Harvest MicroStrategy Enhanced High Income Shares ETF | 149.64% | 121.40% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSTE.TO and CBNK.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 Mulvihill.
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