MSTE.TO vs. MSTR
MSTE.TO (Harvest Strategy Inc. Enhanced High Income Shares ETF) is Derivative Income fund actively managed by Harvest, while MSTR (Strategy Inc) is a stock. Over the past year, MSTE.TO returned -82.64% vs -77.68% for MSTR. Their correlation of 0.95 suggests significant overlap in exposure.
Performance
MSTE.TO vs. MSTR - Performance Comparison
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Different Trading Currencies
MSTE.TO is traded in CAD, while MSTR is traded in USD. To make them comparable, the MSTR 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 -50.86% return, which is significantly lower than MSTR's -43.83% return.
MSTE.TO
- 1D
- -2.87%
- 1M
- -52.79%
- YTD
- -50.86%
- 6M
- -53.10%
- 1Y
- -82.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTR
- 1D
- -3.77%
- 1M
- -46.69%
- YTD
- -43.83%
- 6M
- -46.17%
- 1Y
- -77.68%
- 3Y*
- 39.86%
- 5Y*
- 11.51%
- 10Y*
- 18.19%
MSTE.TO vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTE.TO Harvest Strategy Inc. Enhanced High Income Shares ETF | -50.86% | -50.82% |
MSTR Strategy Inc | -43.83% | -47.81% |
Correlation
The correlation between MSTE.TO and MSTR is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2025 | 0.95 |
The correlation between MSTE.TO and MSTR has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
MSTE.TO vs. MSTR — Risk / Return Rank
MSTE.TO
MSTR
MSTE.TO vs. MSTR - 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 Strategy Inc (MSTR). 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 | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 0.76 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.96 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.44 | -1.43 | -0.01 |
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Drawdowns
MSTE.TO vs. MSTR - Drawdown Comparison
The maximum MSTE.TO drawdown since its inception was -85.33%, roughly equal to the maximum MSTR drawdown of -88.54%. Use the drawdown chart below to compare losses from any high point for MSTE.TO and MSTR.
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Drawdown Indicators
| MSTE.TO | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.33% | -88.54% | +3.21% |
Max Drawdown (1Y)Largest decline over 1 year | -85.33% | -81.31% | -4.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -82.32% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -82.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -88.54% | — |
Current DrawdownCurrent decline from peak | -85.33% | -82.32% | -3.01% |
Average DrawdownAverage peak-to-trough decline | -41.53% | -34.34% | -7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.56% | 54.68% | +2.88% |
Volatility
MSTE.TO vs. MSTR - Volatility Comparison
Harvest Strategy Inc. Enhanced High Income Shares ETF (MSTE.TO) has a higher volatility of 28.41% compared to Strategy Inc (MSTR) at 23.97%. This indicates that MSTE.TO's price experiences larger fluctuations and is considered to be riskier than MSTR 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 | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.41% | 23.97% | +4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 66.02% | 58.75% | +7.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.59% | 73.15% | +7.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.46% | 90.75% | -5.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.46% | 74.18% | +11.28% |
Dividends
MSTE.TO vs. MSTR - Dividend Comparison
MSTE.TO's dividend yield for the trailing twelve months is around 242.60%, while MSTR has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
MSTE.TO Harvest Strategy Inc. Enhanced High Income Shares ETF | 242.60% | 121.40% |
MSTR Strategy Inc | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, MSTE.TO and MSTR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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