MSTE.TO vs. HUTL.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE.TO) and Harvest Equal Weight Global Utilities Income ETF (HUTL.TO).

MSTE.TO and HUTL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSTE.TO is an actively managed fund by Harvest. It was launched on Mar 5, 2025. HUTL.TO is an actively managed fund by Harvest. It was launched on Jan 10, 2019.

Performance

MSTE.TO vs. HUTL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE.TO) and Harvest Equal Weight Global Utilities Income ETF (HUTL.TO). The values are adjusted to include any dividend payments, if applicable.

MSTE.TO vs. HUTL.TO - Yearly Performance Comparison

	2026 (YTD)	2025
MSTE.TO Harvest MicroStrategy Enhanced High Income Shares ETF	-16.99%	-55.56%
HUTL.TO Harvest Equal Weight Global Utilities Income ETF	10.98%	12.24%

Returns By Period

In the year-to-date period, MSTE.TO achieves a -16.99% return, which is significantly lower than HUTL.TO's 10.98% return.

MSTE.TO

• 1D: -1.59%
• 1M: -8.15%
• YTD: -16.99%
• 6M: -67.61%
• 1Y: -63.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HUTL.TO

• 1D: 0.10%
• 1M: -1.37%
• YTD: 10.98%
• 6M: 12.13%
• 1Y: 18.32%
• 3Y*: 13.13%
• 5Y*: 9.30%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSTE.TO vs. HUTL.TO - Expense Ratio Comparison

MSTE.TO has a 0.40% expense ratio, which is lower than HUTL.TO's 0.67% expense ratio.

HUTL.TO

Harvest Equal Weight Global Utilities Income ETF

MSTE.TO

Harvest MicroStrategy Enhanced High Income Shares ETF

Return for Risk

MSTE.TO vs. HUTL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSTE.TO

MSTE.TO Risk / Return Rank: 1
MSTE.TO Sharpe Ratio Rank: 1
MSTE.TO Sortino Ratio Rank: 1
MSTE.TO Omega Ratio Rank: 1
MSTE.TO Calmar Ratio Rank: 1
MSTE.TO Martin Ratio Rank: 2

HUTL.TO

HUTL.TO Risk / Return Rank: 77
HUTL.TO Sharpe Ratio Rank: 72
HUTL.TO Sortino Ratio Rank: 70
HUTL.TO Omega Ratio Rank: 74
HUTL.TO Calmar Ratio Rank: 82
HUTL.TO Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSTE.TO vs. HUTL.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 Harvest Equal Weight Global Utilities Income ETF (HUTL.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	HUTL.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.79	1.35	-2.14
Sortino ratio Return per unit of downside risk	-1.24	1.86	-3.10
Omega ratio Gain probability vs. loss probability	0.86	1.29	-0.43
Calmar ratio Return relative to maximum drawdown	-0.77	2.62	-3.38
Martin ratio Return relative to average drawdown	-1.34	11.27	-12.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSTE.TO vs. HUTL.TO - Sharpe Ratio Comparison

The current MSTE.TO Sharpe Ratio is -0.79, which is lower than the HUTL.TO Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of MSTE.TO and HUTL.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSTE.TO	HUTL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.79	1.35	-2.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.71	0.51	-1.22

Correlation

The correlation between MSTE.TO and HUTL.TO is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

MSTE.TO vs. HUTL.TO - Dividend Comparison

MSTE.TO's dividend yield for the trailing twelve months is around 165.16%, more than HUTL.TO's 7.42% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
MSTE.TO Harvest MicroStrategy Enhanced High Income Shares ETF	165.16%	121.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HUTL.TO Harvest Equal Weight Global Utilities Income ETF	7.42%	7.94%	8.30%	8.56%	8.13%	7.16%	7.73%	5.33%

Drawdowns

MSTE.TO vs. HUTL.TO - Drawdown Comparison

The maximum MSTE.TO drawdown since its inception was -80.35%, which is greater than HUTL.TO's maximum drawdown of -34.00%. Use the drawdown chart below to compare losses from any high point for MSTE.TO and HUTL.TO.

Drawdown Indicators

	MSTE.TO	HUTL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-80.35%	-34.00%	-46.35%
Max Drawdown (1Y) Largest decline over 1 year	-80.35%	-7.17%	-73.18%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.71%	—
Current Drawdown Current decline from peak	-75.21%	-1.37%	-73.84%
Average Drawdown Average peak-to-trough decline	-35.03%	-6.80%	-28.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.92%	1.68%	+44.24%

Volatility

MSTE.TO vs. HUTL.TO - Volatility Comparison

Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE.TO) has a higher volatility of 18.71% compared to Harvest Equal Weight Global Utilities Income ETF (HUTL.TO) at 3.50%. This indicates that MSTE.TO's price experiences larger fluctuations and is considered to be riskier than HUTL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSTE.TO	HUTL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.71%	3.50%	+15.21%
Volatility (6M) Calculated over the trailing 6-month period	63.62%	6.72%	+56.90%
Volatility (1Y) Calculated over the trailing 1-year period	81.64%	13.63%	+68.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.48%	12.83%	+72.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.48%	15.28%	+70.20%