MSTE.TO vs. HBIL-U.TO
MSTE.TO (Harvest Strategy Inc. Enhanced High Income Shares ETF) and HBIL-U.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units) are both exchange-traded funds - MSTE.TO is a Derivative Income fund actively managed by Harvest, while HBIL-U.TO is a Government Bonds fund actively managed by Hamilton. Both are actively managed. Over the past year, MSTE.TO returned -83.06% vs 6.60% for HBIL-U.TO. At a correlation of -0.03, they often move in opposite directions.
Performance
MSTE.TO vs. HBIL-U.TO - Performance Comparison
Loading charts...
Different Trading Currencies
MSTE.TO is traded in CAD, while HBIL-U.TO is traded in USD. To make them comparable, the HBIL-U.TO 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 -43.54% return, which is significantly lower than HBIL-U.TO's 3.86% return.
MSTE.TO
- 1D
- 0.55%
- 1M
- -22.64%
- 6M
- -52.02%
- YTD
- -43.54%
- 1Y
- -83.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBIL-U.TO
- 1D
- -0.00%
- 1M
- 0.12%
- 6M
- 2.21%
- YTD
- 3.86%
- 1Y
- 6.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTE.TO vs. HBIL-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTE.TO Harvest Strategy Inc. Enhanced High Income Shares ETF | -43.54% | -50.82% |
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 3.86% | -2.40% |
Correlation
The correlation between MSTE.TO and HBIL-U.TO is -0.04, 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 | -0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2025 | -0.03 |
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. HBIL-U.TO — Risk / Return Rank
MSTE.TO
HBIL-U.TO
MSTE.TO vs. HBIL-U.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 Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.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 | HBIL-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -4.40 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.25 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 1.65 | -2.64 |
| Martin ratioReturn relative to average drawdown | -1.41 | 4.19 | -5.60 |
Loading charts...
Drawdowns
MSTE.TO vs. HBIL-U.TO - Drawdown Comparison
The maximum MSTE.TO drawdown since its inception was -85.33%, which is greater than HBIL-U.TO's maximum drawdown of -6.68%. Use the drawdown chart below to compare losses from any high point for MSTE.TO and HBIL-U.TO.
Loading charts...
Drawdown Indicators
| MSTE.TO | HBIL-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.33% | -6.68% | -78.65% |
Max Drawdown (1Y)Largest decline over 1 year | -84.41% | -4.01% | -80.40% |
Current DrawdownCurrent decline from peak | -83.14% | -2.20% | -80.94% |
Average DrawdownAverage peak-to-trough decline | -43.20% | -2.26% | -40.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.63% | 1.58% | +59.05% |
Volatility
MSTE.TO vs. HBIL-U.TO - Volatility Comparison
Harvest Strategy Inc. Enhanced High Income Shares ETF (MSTE.TO) has a higher volatility of 30.81% compared to Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO) at 1.82%. This indicates that MSTE.TO's price experiences larger fluctuations and is considered to be riskier than HBIL-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MSTE.TO | HBIL-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.81% | 1.82% | +28.99% |
Volatility (6M)Calculated over the trailing 6-month period | 68.46% | 3.60% | +64.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 84.02% | 4.68% | +79.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.51% | 5.85% | +80.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.51% | 5.85% | +80.66% |
Dividends
MSTE.TO vs. HBIL-U.TO - Dividend Comparison
MSTE.TO's dividend yield for the trailing twelve months is around 195.65%, more than HBIL-U.TO's 6.74% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 6.74% | 7.37% | 2.40% |
MSTE.TO Harvest Strategy Inc. Enhanced High Income Shares ETF | 195.65% | 121.40% | 0.00% |
Frequently Asked Questions
MSTE.TO and HBIL-U.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTE.TO is categorized as Derivative Income, while HBIL-U.TO is Government Bonds. They also come from different issuers: Harvest and Hamilton.
Find the right allocation for MSTE.TO and HBIL-U.TO
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