MSTE.TO vs. QDAY.NEO
MSTE.TO (Harvest Strategy Inc. Enhanced High Income Shares ETF) and QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) are both Derivative Income funds. Both are actively managed. At a 0.39 correlation, their price movements are largely independent. MSTE.TO charges 1.89%/yr vs 0.85%/yr for QDAY.NEO.
Performance
MSTE.TO vs. QDAY.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, MSTE.TO achieves a -21.78% return, which is significantly lower than QDAY.NEO's 26.01% return.
MSTE.TO
- 1D
- 5.49%
- 1M
- -33.44%
- YTD
- -21.78%
- 6M
- -33.78%
- 1Y
- -71.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QDAY.NEO
- 1D
- 1.20%
- 1M
- 3.71%
- YTD
- 26.01%
- 6M
- 26.05%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTE.TO vs. QDAY.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTE.TO Harvest Strategy Inc. Enhanced High Income Shares ETF | -21.78% | -68.72% |
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 26.01% | 14.84% |
Correlation
The correlation between MSTE.TO and QDAY.NEO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | 0.39 |
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Return for Risk
MSTE.TO vs. QDAY.NEO — Risk / Return Rank
MSTE.TO
QDAY.NEO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MSTE.TO vs. QDAY.NEO - 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 EnhancedTechnology DayMAX™ ETF (QDAY.NEO). 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 | QDAY.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.81 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | — | — |
| Martin ratioReturn relative to average drawdown | -1.30 | — | — |
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Drawdowns
MSTE.TO vs. QDAY.NEO - Drawdown Comparison
The maximum MSTE.TO drawdown since its inception was -80.35%, which is greater than QDAY.NEO's maximum drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for MSTE.TO and QDAY.NEO.
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Drawdown Indicators
| MSTE.TO | QDAY.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.35% | -19.44% | -60.91% |
Max Drawdown (1Y)Largest decline over 1 year | -80.35% | — | — |
Current DrawdownCurrent decline from peak | -76.64% | -4.21% | -72.43% |
Average DrawdownAverage peak-to-trough decline | -40.32% | -5.25% | -35.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.29% | — | — |
Volatility
MSTE.TO vs. QDAY.NEO - Volatility Comparison
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Volatility by Period
| MSTE.TO | QDAY.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.36% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 64.10% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 78.35% | 24.16% | +54.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.90% | 24.16% | +60.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.90% | 24.16% | +60.74% |
MSTE.TO vs. QDAY.NEO - Expense Ratio Comparison
MSTE.TO has a 1.89% expense ratio, which is higher than QDAY.NEO's 0.85% expense ratio.
Dividends
MSTE.TO vs. QDAY.NEO - Dividend Comparison
MSTE.TO's dividend yield for the trailing twelve months is around 152.42%, more than QDAY.NEO's 14.53% yield.
| Position | TTM | 2025 |
|---|---|---|
MSTE.TO Harvest Strategy Inc. Enhanced High Income Shares ETF | 152.42% | 121.40% |
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 14.53% | 8.78% |
Frequently Asked Questions
MSTE.TO and QDAY.NEO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDAY.NEO is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDAY.NEO is cheaper with a 0.85% expense ratio, compared with 1.89% for MSTE.TO.
They also come from different issuers: Harvest and Hamilton Capital. Their fees differ too: 1.89% for MSTE.TO and 0.85% for QDAY.NEO.
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