Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | Derivative Income | 16.40% |
HHIS.TO Harvest Diversified High Income Shares ETF | Derivative Income | 14.20% |
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD | Energy Equities, Derivative Income | 13.20% |
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF | Derivative Income | 13.20% |
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | Derivative Income | 10.40% |
HDIV.TO Hamilton Enhanced Canadian Covered Call ETF | Derivative Income | 9.70% |
HYLD High Yield ETF | High Yield Bonds | 8.20% |
EIT-UN.TO Canoe EIT Income Fund | Diversified Portfolio | 5.80% |
UTES Virtus Reaves Utilities ETF | Utilities Equities | 5.20% |
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | Derivative Income | 3.70% |
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in ChaDividend, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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Returns By Period
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.50% | 0.31% | 8.56% | 8.85% | 24.33% | 19.37% | 11.84% | 13.61% |
Portfolio ChaDividend | 0.42% | -0.24% | 12.39% | 13.03% | — | — | — | — |
| Portfolio components: | ||||||||
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 0.89% | 6.59% | 21.16% | 23.25% | 59.81% | 32.22% | — | — |
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | 3.76% | -23.40% | -30.65% | -32.72% | -41.99% | — | — | — |
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF | 0.14% | 1.53% | 12.52% | 13.97% | — | — | — | — |
EIT-UN.TO Canoe EIT Income Fund | 0.39% | -0.07% | 12.03% | 12.98% | 17.49% | 18.93% | 13.52% | 14.92% |
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD | -0.48% | -3.38% | 32.67% | 31.59% | 42.16% | — | — | — |
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | 0.56% | 1.05% | 9.21% | 10.51% | 24.82% | 15.97% | — | — |
HDIV.TO Hamilton Enhanced Canadian Covered Call ETF | 0.90% | 0.31% | 14.74% | 15.93% | 41.82% | 25.90% | — | — |
HHIS.TO Harvest Diversified High Income Shares ETF | -0.36% | -5.81% | 2.16% | 2.01% | 23.63% | — | — | — |
HYLD High Yield ETF | — | — | — | — | — | — | — | — |
UTES Virtus Reaves Utilities ETF | 1.56% | -0.82% | 0.26% | 0.49% | 8.95% | 22.00% | 15.32% | 12.27% |
Monthly Returns
Based on dividend-adjusted daily data since Aug 22, 2025, ChaDividend's average daily return is +0.11%, while the average monthly return is +2.10%. At this rate, an investment would double in approximately 2.8 years.
Historically, 82% of months were positive and 18% were negative. The best month was Apr 2026 with a return of +8.5%, while the worst month was Mar 2026 at -1.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 1 months.
On a daily basis, ChaDividend closed higher 63% of trading days. The best single day was Mar 31, 2026 with a return of +2.0%, while the worst single day was Oct 10, 2025 at -2.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.04% | 1.62% | -1.66% | 8.51% | 3.14% | -1.52% | 12.39% | ||||||
| 2025 | 1.79% | 3.83% | 2.21% | 1.35% | 1.81% | 11.48% |
Benchmark Metrics
ChaDividend has an annualized alpha of 13.82%, beta of 0.71, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since August 22, 2025.
- This portfolio captured 87.97% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2.79%) - a profile typical of hedging or uncorrelated assets.
- This portfolio generated an annualized alpha of 13.82% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 13.82%
- Beta
- 0.71
- R²
- 0.65
- Upside Capture
- 87.97%
- Downside Capture
- -2.79%
Expense Ratio
ChaDividend has an expense ratio of 0.83%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for ChaDividend and compares them with S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | 1.86 | — |
| Sortino ratioReturn per unit of downside risk | — | 2.53 | — |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.53 | — |
| Martin ratioReturn relative to average drawdown | — | 11.37 | — |
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Position | Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio |
|---|---|---|---|---|---|---|
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 96 | 4.71 | 6.30 | 1.83 | 6.79 | 29.50 |
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | 2 | -0.96 | -1.39 | 0.85 | -0.78 | -1.41 |
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF | — | — | — | — | — | — |
EIT-UN.TO Canoe EIT Income Fund | 59 | 1.91 | 2.84 | 1.35 | 2.82 | 8.61 |
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD | 82 | 2.41 | 3.04 | 1.40 | 4.66 | 14.41 |
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | 58 | 1.74 | 2.39 | 1.31 | 2.50 | 10.94 |
HDIV.TO Hamilton Enhanced Canadian Covered Call ETF | 92 | 3.12 | 3.96 | 1.56 | 4.62 | 20.86 |
HHIS.TO Harvest Diversified High Income Shares ETF | 27 | 0.97 | 1.41 | 1.18 | 0.98 | 2.58 |
HYLD High Yield ETF | — | — | — | — | — | — |
UTES Virtus Reaves Utilities ETF | 16 | 0.39 | 0.67 | 1.08 | 0.60 | 1.32 |
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Dividends
Dividend yield
ChaDividend provided a 13.15% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 13.15% | 11.58% | 7.65% | 6.01% | 4.86% | 1.48% | 1.43% | 1.38% | 1.44% | 1.36% | 1.31% | 1.54% |
| Portfolio components: | ||||||||||||
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 12.36% | 13.73% | 15.28% | 13.60% | 10.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | 39.89% | 16.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF | 11.08% | 5.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EIT-UN.TO Canoe EIT Income Fund | 6.88% | 7.64% | 7.90% | 9.29% | 8.97% | 9.08% | 12.20% | 11.53% | 11.65% | 10.16% | 10.06% | 10.71% |
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD | 13.48% | 17.14% | 18.56% | 4.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | 10.23% | 9.95% | 10.14% | 10.59% | 8.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDIV.TO Hamilton Enhanced Canadian Covered Call ETF | 9.27% | 10.09% | 11.38% | 10.41% | 9.64% | 3.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HHIS.TO Harvest Diversified High Income Shares ETF | 27.93% | 22.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYLD High Yield ETF | 0.00% | 0.00% | 0.00% | 4.67% | 7.86% | 6.45% | 7.52% | 7.46% | 7.97% | 7.18% | 6.59% | 10.87% |
UTES Virtus Reaves Utilities ETF | 1.49% | 1.42% | 1.51% | 2.44% | 2.13% | 1.94% | 2.09% | 1.84% | 2.09% | 3.44% | 3.53% | 0.61% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ChaDividend. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ChaDividend was 4.41%, occurring on Mar 30, 2026. Recovery took 6 trading sessions.
The current ChaDividend drawdown is 2.13%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -4.41%Mar 2026 | 27d | 9d | 1mo 6dMar 2026 - Apr 2026 |
2026 pullback2026 | -3.86%Feb 2026 | 6d | 15d | 21dJan 2026 - Feb 2026 |
2026 pullback2026 | -3.73%Jun 2026 | 15d | — | 20d 16mMay 2026 - now |
2025 pullback2025 | -3.23%Nov 2025 | 7d | 7d | 14dNov 2025 - Nov 2025 |
2025 pullback2025 | -2.57%Oct 2025 | 8d | 10d | 18dOct 2025 - Oct 2025 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 10 assets, with an effective number of assets of 8.60, reflecting the diversification based on asset allocation. Your capital is well-distributed across most of your holdings, with only mild concentration in a few names. True diversification also depends on the correlations between assets — check the diversification ratio below.
Diversification Ratio
All Time | |
|---|---|
Diversification Ratio | 1.48 |
The portfolio has a diversification ratio of 1.48, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
ChaDividend correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025 | 0.71 |
Benchmark Correlations
Correlation vs. S&P 500 Index. HDIF.TO has the highest benchmark correlation at 0.78, while ENCL.TO has the lowest at -0.16.
Asset Correlations Table
| HYLD | ENCL.TO | UTES | BCCL.NEO | EIT-UN.TO | BANK.TO | HHIS.TO | ECHI.TO | HDIF.TO | HDIV.TO | |
|---|---|---|---|---|---|---|---|---|---|---|
| HYLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| ENCL.TO | 0.00 | 1.00 | 0.06 | 0.02 | 0.12 | -0.09 | -0.12 | 0.23 | 0.00 | 0.14 |
| UTES | 0.00 | 0.06 | 1.00 | 0.23 | 0.20 | 0.28 | 0.30 | 0.37 | 0.32 | 0.41 |
| BCCL.NEO | 0.00 | 0.02 | 0.23 | 1.00 | 0.20 | 0.25 | 0.58 | 0.27 | 0.36 | 0.34 |
| EIT-UN.TO | 0.00 | 0.12 | 0.20 | 0.20 | 1.00 | 0.53 | 0.34 | 0.45 | 0.57 | 0.56 |
| BANK.TO | 0.00 | -0.09 | 0.28 | 0.25 | 0.53 | 1.00 | 0.45 | 0.55 | 0.69 | 0.70 |
| HHIS.TO | 0.00 | -0.12 | 0.30 | 0.58 | 0.34 | 0.45 | 1.00 | 0.55 | 0.68 | 0.62 |
| ECHI.TO | 0.00 | 0.23 | 0.37 | 0.27 | 0.45 | 0.55 | 0.55 | 1.00 | 0.66 | 0.74 |
| HDIF.TO | 0.00 | 0.00 | 0.32 | 0.36 | 0.57 | 0.69 | 0.68 | 0.66 | 1.00 | 0.78 |
| HDIV.TO | 0.00 | 0.14 | 0.41 | 0.34 | 0.56 | 0.70 | 0.62 | 0.74 | 0.78 | 1.00 |
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