MSTE.TO vs. COIN
MSTE.TO (Harvest MicroStrategy Enhanced High Income Shares ETF) is Derivative Income fund actively managed by Harvest, while COIN (Coinbase Global, Inc.) is a stock. Over the past year, MSTE.TO returned -70.30% vs -34.80% for COIN. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
MSTE.TO vs. COIN - Performance Comparison
Loading charts...
Different Trading Currencies
MSTE.TO is traded in CAD, while COIN is traded in USD. To make them comparable, the COIN values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MSTE.TO achieves a -18.72% return, which is significantly higher than COIN's -26.42% return.
MSTE.TO
- 1D
- 2.01%
- 1M
- -33.05%
- YTD
- -18.72%
- 6M
- -35.79%
- 1Y
- -70.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COIN
- 1D
- 0.66%
- 1M
- -15.23%
- YTD
- -26.42%
- 6M
- -40.31%
- 1Y
- -34.80%
- 3Y*
- 42.48%
- 5Y*
- -3.73%
- 10Y*
- —
MSTE.TO vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTE.TO Harvest MicroStrategy Enhanced High Income Shares ETF | -18.72% | -55.56% |
COIN Coinbase Global, Inc. | -26.42% | -2.68% |
Correlation
The correlation between MSTE.TO and COIN is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | 0.69 |
The correlation between MSTE.TO and COIN has been stable across timeframes, ranging from 0.69 to 0.71 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MSTE.TO vs. COIN — Risk / Return Rank
MSTE.TO
COIN
MSTE.TO vs. COIN - 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 Coinbase Global, Inc. (COIN). 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 | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.95 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.52 | -0.35 |
| Martin ratioReturn relative to average drawdown | -1.30 | -0.88 | -0.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MSTE.TO | COIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.91 | -0.50 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.66 | -0.13 | -0.53 |
Drawdowns
MSTE.TO vs. COIN - Drawdown Comparison
The maximum MSTE.TO drawdown since its inception was -80.35%, smaller than the maximum COIN drawdown of -90.07%. Use the drawdown chart below to compare losses from any high point for MSTE.TO and COIN.
Loading charts...
Drawdown Indicators
| MSTE.TO | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.35% | -90.07% | +9.72% |
Max Drawdown (1Y)Largest decline over 1 year | -80.35% | -66.66% | -13.69% |
Max Drawdown (3Y)Largest decline over 3 years | — | -66.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.07% | — |
Current DrawdownCurrent decline from peak | -75.73% | -60.35% | -15.38% |
Average DrawdownAverage peak-to-trough decline | -39.74% | -47.89% | +8.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.99% | 39.61% | +14.38% |
Volatility
MSTE.TO vs. COIN - Volatility Comparison
Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE.TO) has a higher volatility of 23.42% compared to Coinbase Global, Inc. (COIN) at 18.74%. This indicates that MSTE.TO's price experiences larger fluctuations and is considered to be riskier than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MSTE.TO | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.42% | 18.74% | +4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 62.85% | 50.48% | +12.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.17% | 69.41% | +7.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.20% | 84.16% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.20% | 83.69% | +0.51% |
Dividends
MSTE.TO vs. COIN - Dividend Comparison
MSTE.TO's dividend yield for the trailing twelve months is around 146.69%, while COIN has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
COIN Coinbase Global, Inc. | 0.00% | 0.00% |
MSTE.TO Harvest MicroStrategy Enhanced High Income Shares ETF | 146.69% | 121.40% |
Frequently Asked Questions
MSTE.TO and COIN have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for MSTE.TO and COIN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer