MSTE.TO vs. QQQ
Compare and contrast key facts about Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE.TO) and Invesco QQQ ETF (QQQ).
MSTE.TO and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
MSTE.TO vs. QQQ - Performance Comparison
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MSTE.TO vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTE.TO Harvest MicroStrategy Enhanced High Income Shares ETF | -16.99% | -55.56% |
QQQ Invesco QQQ ETF | -3.56% | 17.74% |
Different Trading Currencies
MSTE.TO is traded in CAD, while QQQ is traded in USD. To make them comparable, the QQQ 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 -16.99% return, which is significantly lower than QQQ's -4.65% return.
MSTE.TO
- 1D
- -1.59%
- 1M
- -8.15%
- YTD
- -16.99%
- 6M
- -67.61%
- 1Y
- -63.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQ
- 1D
- 0.00%
- 1M
- -3.34%
- YTD
- -4.65%
- 6M
- -4.27%
- 1Y
- 19.30%
- 3Y*
- 23.49%
- 5Y*
- 15.23%
- 10Y*
- 19.64%
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MSTE.TO vs. QQQ - Expense Ratio Comparison
MSTE.TO has a 0.40% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
MSTE.TO vs. QQQ — Risk / Return Rank
MSTE.TO
QQQ
MSTE.TO vs. QQQ - 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 Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.79 | 0.87 | -1.65 |
Sortino ratioReturn per unit of downside risk | -1.24 | 1.34 | -2.58 |
Omega ratioGain probability vs. loss probability | 0.86 | 1.20 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | -0.77 | 1.57 | -2.34 |
Martin ratioReturn relative to average drawdown | -1.34 | 4.56 | -5.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSTE.TO | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.79 | 0.87 | -1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.95 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.71 | 1.09 | -1.80 |
Correlation
The correlation between MSTE.TO and QQQ is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MSTE.TO vs. QQQ - Dividend Comparison
MSTE.TO's dividend yield for the trailing twelve months is around 165.16%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
MSTE.TO vs. QQQ - Drawdown Comparison
The maximum MSTE.TO drawdown since its inception was -80.35%, which is greater than QQQ's maximum drawdown of -31.80%. Use the drawdown chart below to compare losses from any high point for MSTE.TO and QQQ.
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Drawdown Indicators
| MSTE.TO | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.35% | -82.97% | +2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -80.35% | -12.62% | -67.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -75.21% | -7.86% | -67.35% |
Average DrawdownAverage peak-to-trough decline | -35.03% | -32.99% | -2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.92% | 3.44% | +42.48% |
Volatility
MSTE.TO vs. QQQ - Volatility Comparison
Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE.TO) has a higher volatility of 18.71% compared to Invesco QQQ ETF (QQQ) at 6.32%. This indicates that MSTE.TO's price experiences larger fluctuations and is considered to be riskier than QQQ 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 | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.71% | 6.32% | +12.39% |
Volatility (6M)Calculated over the trailing 6-month period | 63.62% | 12.66% | +50.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.64% | 22.34% | +59.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.48% | 20.71% | +64.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.48% | 20.81% | +64.67% |