A side-by-side comparison of Mackenzie Global Equity & Gold Overlay ETF (MGEG) and Harvest Diversified High Income Shares ETF - Class A Units (HHIS) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | MGEG | HHIS |
|---|---|---|
| YTD Return | -7.35%✓ | -14.55% |
| 1-Day Change | -1.37% | -0.48%✓ |
| 1-Week Change | +1.46%✓ | 0.00% |
| 1-Month Change | -7.49% | -12.81%✓ |
| Current Price | $18.77 | $10.45 |
| AUM | $7M | $2.06B✓ |
| MER (Expense Ratio) | — | — |
| Dividend Yield | — | 31.48% |
| Distribution Frequency | — | Monthly |
| Inception Date | 2026-10-01 | 2025-01-14 |
| Holdings Count | 1 | 2 |
| MorningStar Rating | — | — |
| Category | Multi-Strategy Alternatives | Multi-Strategy Alternatives |
| Beta | — | 0.00 |
| 52-Week High | $20.31 | $11.78 |
| 52-Week Low | $18.32 | $7.96 |
| 50-Day MA | $19.43 | $11.33 |
| 200-Day MA | $19.43 | $11.18 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | MGEG | HHIS |
|---|---|---|
| YTD | -7.35%✓ | -14.55% |
| 1 Year | — | -0.69% |
| 3 Year | — | +0.00% |
| 5 Year | — | +0.00% |
| 10 Year | — | +0.00% |
| 1Y Volatility | 0.00% | 27.58% |
| Sharpe Ratio (3Y) | 0.00 | 0.00 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | MGQE | Mackenzie Global Equity ETF | 21.00% |
| 1 | APLE | Harvest Apple Enhanced High Income Shares ETF Class A Units | 7.46% |
| 2 | CRWY | Harvest CrowdStrike Enhanced High Income Shares ETF | 6.18% |
Sector Weights
| Sector | MGEG | HHIS |
|---|---|---|
| Basic Materials | 3.64% | 0.00% |
| Communication Services | 9.69% | 0.00% |
| Consumer Cyclicals | 6.30% | 0.00% |
| Consumer Defensive | 5.47% | 0.00% |
| Energy | 4.16% | 0.00% |
| Financial Services | 15.22% | 0.00% |
| Healthcare | 10.55% | 0.00% |
| Industrials | 12.32% | 0.00% |
| Real Estate | 0.13% | 0.00% |
| Technology | 30.03% | 0.00% |
| Utilities | 1.64% | 0.00% |
About MGEG
Mackenzie Global Equity & Gold Overlay ETF is an exchange-traded fund launched and managed by Mackenzie Financial Corporation. It invests in public equity and commodity markets of the global region. For its equity portion, it invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. For its commodity portion, it invests through derivatives in gold. The fund uses derivatives such as futur…
About HHIS
Harvest Diversified High Income Shares ETF - Class A Units (HHIS.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
Which ETF is Right for You?
Both MGEG and HHIS are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
MGEG and HHIS are closely matched on the metrics we track. The right choice depends on your individual investment goals, tax situation, and time horizon.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between MGEG and HHIS?
MGEG (Mackenzie Global Equity & Gold Overlay ETF) and HHIS (Harvest Diversified High Income Shares ETF - Class A Units) are both Canadian-listed ETFs. Key differences include their AUM ($7M vs $2.06B), dividend yield (N/A vs 31.48%), and year-to-date performance (-7.35% vs -14.55%).
Is MGEG better than HHIS?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, MGEG has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy MGEG and HHIS on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both MGEG and HHIS should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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