A side-by-side comparison of Mackenzie Global Equity & Gold Overlay ETF (MGEG) and Harvest MicroStrategy Enhanced High Income Shares ETF - Class A Units (MSTE) 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 | MSTE |
|---|---|---|
| YTD Return | -7.35%✓ | -54.46% |
| 1-Day Change | -1.37%✓ | -4.23% |
| 1-Week Change | +1.46%✓ | -10.53% |
| 1-Month Change | -7.49%✓ | -25.95% |
| Current Price | $18.77 | $2.04 |
| AUM | $7M | $476M✓ |
| MER (Expense Ratio) | — | — |
| Dividend Yield | — | 84.26% |
| Distribution Frequency | — | Monthly |
| Inception Date | 2026-10-01 | 2025-03-03 |
| Holdings Count | 1 | 1 |
| MorningStar Rating | — | — |
| Category | Multi-Strategy Alternatives | Multi-Strategy Alternatives |
| Beta | — | 0.00 |
| 52-Week High | $20.31 | $4.52 |
| 52-Week Low | $18.32 | $1.34 |
| 50-Day MA | $19.43 | $2.54 |
| 200-Day MA | $19.43 | $2.94 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | MGEG | MSTE |
|---|---|---|
| YTD | -7.35%✓ | -54.46% |
| 1 Year | — | -55.50% |
| 3 Year | — | +0.00% |
| 5 Year | — | +0.00% |
| 10 Year | — | +0.00% |
| 1Y Volatility | 0.00% | 92.68% |
| 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 | MSTR | Strategy Inc | 127.78% |
Sector Weights
| Sector | MGEG | MSTE |
|---|---|---|
| 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% | 100.00% |
| 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 MSTE
Harvest MicroStrategy Enhanced High Income Shares ETF - Class A Units (MSTE.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 MSTE are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
MGEG and MSTE 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 MSTE?
MGEG (Mackenzie Global Equity & Gold Overlay ETF) and MSTE (Harvest MicroStrategy Enhanced High Income Shares ETF - Class A Units) are both Canadian-listed ETFs. Key differences include their AUM ($7M vs $476M), dividend yield (N/A vs 84.26%), and year-to-date performance (-7.35% vs -54.46%).
Is MGEG better than MSTE?
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 MSTE on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both MGEG and MSTE should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
Free newsletter · Every Saturday morning
The Saturday TSX Wrap
The week on the TSX, in five minutes.
- The biggest gainers and losers, and why they moved
- Sector and momentum moves at a glance
- The Canadian market stories you missed