HBIL.TO Alternatives & Similar ETFs

Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.TO) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HBIL.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to HBIL.TO

HBIL.TO charges 0.35% annually. There are 3 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.04%.

Symbol	Name	Expense Ratio	AUM	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	250.98M	Jul 2023	HBIL.TO vs USCL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	155.19M	Nov 2025	HBIL.TO vs EQLI.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	—	Aug 2025	HBIL.TO vs ECHI.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	—	Sep 2024	HBIL.TO vs JEPI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	0.35%	136.22M	Sep 2024	HBIL.TO vs JEPQ.TO

Best Risk-Adjusted Alternatives to HBIL.TO

HBIL.TO has a PortfoliosLab risk / return rank of 57. There are 38 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	98	—	Jun 2022	HBIL.TO vs HLIF.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	98	—	Feb 2022	HBIL.TO vs CBNK.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	97	1.16B	Feb 2022	HBIL.TO vs BANK.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	97	4.65B	Jan 2011	HBIL.TO vs ZWB.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	97	197.22M	Jul 2023	HBIL.TO vs BKCL.TO

Top Performing HBIL.TO Alternatives (YTD)

HBIL.TO is at 0.93% YTD. There are 69 ETFs in the Derivative Income category with higher YTD returns, going as high as 41.08%.

Symbol	Name	YTD Return	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	41.08%	—	Feb 2022	HBIL.TO vs CBNK.TO
YAVG.NEO	Broadcom (AVGO) Yield Shares Purpose ETF	28.21%	—	Feb 2025	HBIL.TO vs YAVG.NEO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	27.83%	267.19M	Oct 2023	HBIL.TO vs ENCL.TO
EMCL.NEO	Global X Enhanced MSCI Emerging Markets Covered Ca...	26.93%	7.51M	May 2024	HBIL.TO vs EMCL.NEO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	26.80%	1.16B	Feb 2022	HBIL.TO vs BANK.TO

Lowest Volatility Alternatives to HBIL.TO

HBIL.TO has 1.62% 1-year volatility. No ETFs in the Derivative Income category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 4.67%.

Symbol	Name	Volatility 1Y	AUM	Inception
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	4.67%	230.93M	Jan 2024	HBIL.TO vs HPYM.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	6.87%	1.36B	Jun 2023	HBIL.TO vs UMAX.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	7.00%	—	Jun 2022	HBIL.TO vs HLIF.TO
ZWU.TO	BMO Covered Call Utilities ETF	7.67%	2.20B	Oct 2011	HBIL.TO vs ZWU.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	8.05%	377.33M	May 2024	HBIL.TO vs HPYT.TO

Lowest Drawdown Alternatives to HBIL.TO

HBIL.TO has a 1-year max drawdown of -0.95%. No ETFs in the Derivative Income category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -3.09%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	-3.09%	—	Jun 2022	HBIL.TO vs HLIF.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	-3.87%	230.93M	Jan 2024	HBIL.TO vs HPYM.TO
ZWU.TO	BMO Covered Call Utilities ETF	-4.86%	2.20B	Oct 2011	HBIL.TO vs ZWU.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	-5.11%	1.36B	Jun 2023	HBIL.TO vs UMAX.TO
DXQ.TO	Dynamic Active Enhanced Yield Covered Options ETF	-5.11%	—	Sep 2022	HBIL.TO vs DXQ.TO

Other ETFs from Hamilton Capital

The 10 most viewed Hamilton Capital ETFs shown here include HMAX.TO, HYLD.TO, HCAL.TO and span 7 categories. AUM among these funds goes as high as $2B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	95	17.37%	2.47B	Jan 2023	HBIL.TO vs HMAX.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	64	12.12%	1.30B	Feb 2022	HBIL.TO vs HYLD.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Financials Equities, Canada Equities, Leveraged Equities	98	37.50%	1.06B	Oct 2020	HBIL.TO vs HCAL.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	—	25.90%	—	Jul 2025	HBIL.TO vs QDAY.NEO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	43	19.39%	1.01B	Oct 2023	HBIL.TO vs QMAX.TO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	17.52%	242.10M	Jul 2025	HBIL.TO vs CDAY.NEO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income, Precious Metals	24	-11.29%	504.60M	Feb 2024	HBIL.TO vs AMAX.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	—	14.97%	—	Jul 2025	HBIL.TO vs SDAY.NEO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	92	16.45%	—	Jan 2025	HBIL.TO vs CMVP.TO
SMAX.TO	Hamilton U.S. Equity YIELD MAXIMIZER ETF	Derivative Income	89	16.32%	1.09B	Oct 2023	HBIL.TO vs SMAX.TO

Often Compared With HBIL.TO

Investors most often compare HBIL.TO with HBND.TO, SGOV, CBIL.TO. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HBND.TO	Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedge...	Government Bonds, Derivative Income	16	1.75%	199.60M	Aug 2024	HBIL.TO vs HBND.TO
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	1.72%	95.28B	May 2020	HBIL.TO vs SGOV
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.99%	2.36B	Apr 2023	HBIL.TO vs CBIL.TO
TLT	iShares 20+ Year Treasury Bond ETF	Government Bonds, Long-Term Bond	16	2.15%	41.34B	Jul 2002	HBIL.TO vs TLT
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	71	13.01%	919.57M	Feb 2022	HBIL.TO vs HYLD-U.TO
SPLT.TO	Brompton Split Corp. Preferred Share ETF	Preferred Stock/Convertible Bonds	75	3.96%	410.95M	Jun 2023	HBIL.TO vs SPLT.TO
ZWP.TO	BMO Covered Call Europe High Dividend ETF	Europe Equities, Derivative Income	40	6.04%	1.09B	Mar 2018	HBIL.TO vs ZWP.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	67	0.94%	1.92B	Feb 2020	HBIL.TO vs HSAV.TO
GOGY.TO	Harvest Alphabet Enhanced High Income Shares ETF C...	Derivative Income	94	12.72%	—	Mar 2025	HBIL.TO vs GOGY.TO
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	88	14.90%	412.15M	Sep 2024	HBIL.TO vs UTES.TO
ZSDB.TO	BMO Short-Term Discount Bond ETF	Short-Term Bond	9	1.06%	—	Jan 2022	HBIL.TO vs ZSDB.TO
YCST.NEO	Costco (COST) Yield Shares Purpose ETF	Derivative Income	8	12.86%	—	Feb 2025	HBIL.TO vs YCST.NEO
CSHI	NEOS Enhanced Income 1-3 Month T-Bill ETF	Ultrashort Bond	99	2.39%	1.34B	Aug 2022	HBIL.TO vs CSHI
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	78	22.25%	708.27M	Apr 2011	HBIL.TO vs ENCC.TO
XYLP.L	Global X S&P 500 Covered Call UCITS ETF	Derivative Income, S&P 500	78	6.49%	—	Jul 2023	HBIL.TO vs XYLP.L
BCCL.NEO	Global X Enhanced Bitcoin Covered Call ETF	Derivative Income	2	-32.22%	—	Apr 2025	HBIL.TO vs BCCL.NEO
TCSB.TO	TD Select Short Term Corporate Bond Ladder ETF	Short-Term Bond	65	1.60%	829.75M	Nov 2018	HBIL.TO vs TCSB.TO
INTY.TO	Evolve International Equity UltraYield ETF	Derivative Income	—	—	—	Jan 2026	HBIL.TO vs INTY.TO
MSTE.TO	Harvest Strategy Inc. Enhanced High Income Shares ...	Derivative Income	1	-43.01%	365.84M	Mar 2025	HBIL.TO vs MSTE.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	93	16.92%	1.70B	Jul 2021	HBIL.TO vs HDIV.TO

Compare HBIL.TO with Any Fund or Stock

Compare HBIL.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair HBIL.TO with funds that move differently

Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HBIL.TO.

Explore HBIL.TO Diversifiers

Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.TO) Alternatives