MSTY.TO vs. TPL
MSTY.TO (Harvest MicroStrategy High Income Shares ETF) is Derivative Income fund actively managed by Harvest, while TPL (Texas Pacific Land Corporation) is a stock. Over the past year, MSTY.TO returned -61.47% vs 10.42% for TPL. At a 0.21 correlation, their price movements are largely independent.
Performance
MSTY.TO vs. TPL - Performance Comparison
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Different Trading Currencies
MSTY.TO is traded in CAD, while TPL is traded in USD. To make them comparable, the TPL 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 TPL's 43.81% return.
MSTY.TO
- 1D
- -7.01%
- 1M
- -27.56%
- YTD
- -14.48%
- 6M
- -29.84%
- 1Y
- -61.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TPL
- 1D
- 10.14%
- 1M
- -4.00%
- YTD
- 43.81%
- 6M
- 33.24%
- 1Y
- 10.42%
- 3Y*
- 41.96%
- 5Y*
- 24.71%
- 10Y*
- 38.17%
MSTY.TO vs. TPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTY.TO Harvest MicroStrategy High Income Shares ETF | -14.48% | -53.11% |
TPL Texas Pacific Land Corporation | 43.81% | -40.67% |
Correlation
The correlation between MSTY.TO and TPL is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2025 | 0.21 |
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Return for Risk
MSTY.TO vs. TPL — Risk / Return Rank
MSTY.TO
TPL
MSTY.TO vs. TPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest MicroStrategy High Income Shares ETF (MSTY.TO) and Texas Pacific Land Corporation (TPL). 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 | TPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.09 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 0.34 | -1.20 |
| Martin ratioReturn relative to average drawdown | -1.35 | 0.68 | -2.03 |
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 | TPL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 0.22 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.70 | 0.84 | -1.54 |
Drawdowns
MSTY.TO vs. TPL - Drawdown Comparison
The maximum MSTY.TO drawdown since its inception was -71.75%, which is greater than TPL's maximum drawdown of -62.68%. Use the drawdown chart below to compare losses from any high point for MSTY.TO and TPL.
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Drawdown Indicators
| MSTY.TO | TPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.75% | -62.68% | -9.07% |
Max Drawdown (1Y)Largest decline over 1 year | -71.35% | -30.93% | -40.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -52.98% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -53.60% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.68% | — |
Current DrawdownCurrent decline from peak | -66.60% | -29.15% | -37.45% |
Average DrawdownAverage peak-to-trough decline | -36.11% | -18.23% | -17.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.51% | 16.10% | +29.41% |
Volatility
MSTY.TO vs. TPL - Volatility Comparison
Harvest MicroStrategy High Income Shares ETF (MSTY.TO) has a higher volatility of 18.94% compared to Texas Pacific Land Corporation (TPL) at 14.65%. This indicates that MSTY.TO's price experiences larger fluctuations and is considered to be riskier than TPL 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 | TPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.94% | 14.65% | +4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 50.48% | 38.18% | +12.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.72% | 46.68% | +15.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.37% | 44.97% | +24.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.37% | 45.84% | +23.53% |
Dividends
MSTY.TO vs. TPL - Dividend Comparison
MSTY.TO's dividend yield for the trailing twelve months is around 88.70%, more than TPL's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSTY.TO Harvest MicroStrategy High Income Shares ETF | 88.70% | 86.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPL Texas Pacific Land Corporation | 0.56% | 0.74% | 1.37% | 0.83% | 1.37% | 0.88% | 2.20% | 0.22% | 0.55% | 0.30% | 0.10% | 0.22% |
Frequently Asked Questions
MSTY.TO and TPL have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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