MSTY.TO vs. RCDC.TO
MSTY.TO (Harvest MicroStrategy High Income Shares ETF) and RCDC.TO (RBC Canadian Dividend Covered Call ETF) are both Derivative Income funds. Both are actively managed. Over the past year, MSTY.TO returned -61.47% vs 29.08% for RCDC.TO. At a 0.18 correlation, their price movements are largely independent. MSTY.TO charges 0.40%/yr vs 0.64%/yr for RCDC.TO.
Performance
MSTY.TO vs. RCDC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MSTY.TO achieves a -14.48% return, which is significantly lower than RCDC.TO's 12.49% return.
MSTY.TO
- 1D
- -7.01%
- 1M
- -27.56%
- YTD
- -14.48%
- 6M
- -29.84%
- 1Y
- -61.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RCDC.TO
- 1D
- 0.08%
- 1M
- 4.61%
- YTD
- 12.49%
- 6M
- 14.54%
- 1Y
- 29.08%
- 3Y*
- 18.86%
- 5Y*
- —
- 10Y*
- —
MSTY.TO vs. RCDC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTY.TO Harvest MicroStrategy High Income Shares ETF | -14.48% | -53.11% |
RCDC.TO RBC Canadian Dividend Covered Call ETF | 12.49% | 19.57% |
Correlation
The correlation between MSTY.TO and RCDC.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2025 | 0.18 |
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Return for Risk
MSTY.TO vs. RCDC.TO — Risk / Return Rank
MSTY.TO
RCDC.TO
MSTY.TO vs. RCDC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest MicroStrategy High Income Shares ETF (MSTY.TO) and RBC Canadian Dividend Covered Call ETF (RCDC.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.
| MSTY.TO | RCDC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.54 | ||
| Sortino ratioReturn per unit of downside risk | -6.89 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.67 | -0.87 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 5.38 | -6.24 |
| Martin ratioReturn relative to average drawdown | -1.35 | 26.80 | -28.15 |
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 | RCDC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 3.54 | -4.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.70 | 1.50 | -2.20 |
Drawdowns
MSTY.TO vs. RCDC.TO - Drawdown Comparison
The maximum MSTY.TO drawdown since its inception was -71.75%, which is greater than RCDC.TO's maximum drawdown of -10.88%. Use the drawdown chart below to compare losses from any high point for MSTY.TO and RCDC.TO.
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Drawdown Indicators
| MSTY.TO | RCDC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.75% | -10.88% | -60.87% |
Max Drawdown (1Y)Largest decline over 1 year | -71.35% | -5.43% | -65.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.88% | — |
Current DrawdownCurrent decline from peak | -66.60% | -0.19% | -66.41% |
Average DrawdownAverage peak-to-trough decline | -36.11% | -1.87% | -34.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.51% | 1.09% | +44.42% |
Volatility
MSTY.TO vs. RCDC.TO - Volatility Comparison
Harvest MicroStrategy High Income Shares ETF (MSTY.TO) has a higher volatility of 18.94% compared to RBC Canadian Dividend Covered Call ETF (RCDC.TO) at 2.49%. This indicates that MSTY.TO's price experiences larger fluctuations and is considered to be riskier than RCDC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTY.TO | RCDC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.94% | 2.49% | +16.45% |
Volatility (6M)Calculated over the trailing 6-month period | 50.48% | 6.71% | +43.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.72% | 8.25% | +53.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.37% | 10.15% | +59.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.37% | 10.15% | +59.22% |
MSTY.TO vs. RCDC.TO - Expense Ratio Comparison
MSTY.TO has a 0.40% expense ratio, which is lower than RCDC.TO's 0.64% expense ratio.
Dividends
MSTY.TO vs. RCDC.TO - Dividend Comparison
MSTY.TO's dividend yield for the trailing twelve months is around 88.70%, more than RCDC.TO's 6.33% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MSTY.TO Harvest MicroStrategy High Income Shares ETF | 88.70% | 86.73% | 0.00% | 0.00% |
RCDC.TO RBC Canadian Dividend Covered Call ETF | 6.33% | 6.38% | 6.46% | 6.49% |
Frequently Asked Questions
MSTY.TO and RCDC.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSTY.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSTY.TO is cheaper with a 0.40% expense ratio, compared with 0.64% for RCDC.TO.
They also come from different issuers: Harvest and RBC. Their fees differ too: 0.40% for MSTY.TO and 0.64% for RCDC.TO.
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