MSTY.TO vs. MSTR
MSTY.TO (Harvest MicroStrategy High Income Shares ETF) is Derivative Income fund actively managed by Harvest, while MSTR (Strategy Inc) is a stock. Over the past year, MSTY.TO returned -61.47% vs -64.57% for MSTR. Their correlation of 0.95 suggests significant overlap in exposure.
Performance
MSTY.TO vs. MSTR - Performance Comparison
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Different Trading Currencies
MSTY.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, MSTY.TO achieves a -14.48% return, which is significantly lower than MSTR's -9.67% return.
MSTY.TO
- 1D
- -7.01%
- 1M
- -27.56%
- YTD
- -14.48%
- 6M
- -29.84%
- 1Y
- -61.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTR
- 1D
- 0.00%
- 1M
- -24.79%
- YTD
- -9.67%
- 6M
- -28.34%
- 1Y
- -64.57%
- 3Y*
- 66.84%
- 5Y*
- 26.34%
- 10Y*
- 22.68%
MSTY.TO vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTY.TO Harvest MicroStrategy High Income Shares ETF | -14.48% | -53.11% |
MSTR Strategy Inc | -15.66% | -60.53% |
Correlation
The correlation between MSTY.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 Jan 17, 2025 | 0.95 |
The correlation between MSTY.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
MSTY.TO vs. MSTR — Risk / Return Rank
MSTY.TO
MSTR
MSTY.TO vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest MicroStrategy High Income Shares ETF (MSTY.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.
| MSTY.TO | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.82 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.85 | -0.02 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.26 | -0.09 |
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
| MSTY.TO | MSTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | -0.94 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.30 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.70 | 0.38 | -1.08 |
Drawdowns
MSTY.TO vs. MSTR - Drawdown Comparison
The maximum MSTY.TO drawdown since its inception was -71.75%, smaller than the maximum MSTR drawdown of -88.54%. Use the drawdown chart below to compare losses from any high point for MSTY.TO and MSTR.
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Drawdown Indicators
| MSTY.TO | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.75% | -88.54% | +16.79% |
Max Drawdown (1Y)Largest decline over 1 year | -71.35% | -76.48% | +5.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -77.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -82.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -88.54% | — |
Current DrawdownCurrent decline from peak | -66.60% | -71.56% | +4.96% |
Average DrawdownAverage peak-to-trough decline | -36.11% | -32.30% | -3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.51% | 51.25% | -5.74% |
Volatility
MSTY.TO vs. MSTR - Volatility Comparison
Harvest MicroStrategy High Income Shares ETF (MSTY.TO) and Strategy Inc (MSTR) have volatilities of 18.94% and 18.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTY.TO | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.94% | 18.48% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 50.48% | 55.68% | -5.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.72% | 69.26% | -7.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.37% | 89.13% | -19.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.37% | 72.45% | -3.08% |
Dividends
MSTY.TO vs. MSTR - Dividend Comparison
MSTY.TO's dividend yield for the trailing twelve months is around 88.70%, while MSTR has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
MSTR Strategy Inc | 0.00% | 0.00% |
MSTY.TO Harvest MicroStrategy High Income Shares ETF | 88.70% | 86.73% |
Frequently Asked Questions
With a correlation of 0.94, MSTY.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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