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 2 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.29%.

Symbol	Name	Expense Ratio	AUM	Inception
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	—	Aug 2025	HBIL.TO vs ECHI.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	169.56M	Nov 2025	HBIL.TO vs EQLI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	0.35%	136.22M	Sep 2024	HBIL.TO vs JEPQ.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	—	Sep 2024	HBIL.TO vs JEPI.TO
CCCB.TO	CIBC Canadian Banks Covered Call ETF	0.39%	—	Aug 2025	HBIL.TO vs CCCB.TO

Best Risk-Adjusted Alternatives to HBIL.TO

HBIL.TO has a PortfoliosLab risk / return rank of 55. There are 55 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	180.28M	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...	98	1.26B	Feb 2022	HBIL.TO vs BANK.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	98	4.84B	Jan 2011	HBIL.TO vs ZWB.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	97	198.10M	Jul 2023	HBIL.TO vs BKCL.TO

Top Performing HBIL.TO Alternatives (YTD)

HBIL.TO is at 0.55% YTD. There are 81 ETFs in the Derivative Income category with higher YTD returns, going as high as 49.92%.

Symbol	Name	YTD Return	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	49.92%	—	Feb 2022	HBIL.TO vs CBNK.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	34.83%	271.10M	Oct 2023	HBIL.TO vs ENCL.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	34.25%	1.26B	Feb 2022	HBIL.TO vs BANK.TO
YAVG.NEO	Broadcom (AVGO) Yield Shares Purpose ETF	33.82%	—	Feb 2025	HBIL.TO vs YAVG.NEO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	32.52%	198.10M	Jul 2023	HBIL.TO vs BKCL.TO

Lowest Volatility Alternatives to HBIL.TO

HBIL.TO has 1.76% 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 1.91%.

Symbol	Name	Volatility 1Y	AUM	Inception
HBIL-U.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...	1.91%	—	Sep 2024	HBIL.TO vs HBIL-U.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	4.75%	259.21M	Jan 2024	HBIL.TO vs HPYM.TO
FCMI.TO	Fidelity Canadian Monthly High Income ETF	6.39%	—	Jan 2020	HBIL.TO vs FCMI.TO
ZPH.TO	BMO US Put Write Hedged to CAD ETF	6.55%	35.29M	Feb 2017	HBIL.TO vs ZPH.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	7.09%	180.28M	Jun 2022	HBIL.TO vs HLIF.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 -1.07%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HBIL-U.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...	-1.07%	—	Sep 2024	HBIL.TO vs HBIL-U.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	-3.09%	180.28M	Jun 2022	HBIL.TO vs HLIF.TO
FCMI.TO	Fidelity Canadian Monthly High Income ETF	-3.62%	—	Jan 2020	HBIL.TO vs FCMI.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	-3.87%	259.21M	Jan 2024	HBIL.TO vs HPYM.TO
ZWU.TO	BMO Covered Call Utilities ETF	-4.86%	2.21B	Oct 2011	HBIL.TO vs ZWU.TO

Other ETFs from Hamilton Capital

The 10 most viewed Hamilton Capital ETFs shown here include HMAX.TO, HYLD.TO, HCAL.TO and span 8 categories. AUM among these funds goes as high as $3B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	97	21.82%	2.53B	Jan 2023	HBIL.TO vs HMAX.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	74	14.77%	1.32B	Feb 2022	HBIL.TO vs HYLD.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Financials Equities, Canada Equities, Leveraged Equities	98	46.44%	1.09B	Oct 2020	HBIL.TO vs HCAL.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	62	28.39%	—	Jul 2025	HBIL.TO vs QDAY.NEO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	Derivative Income, Utilities Equities	73	10.07%	1.41B	Jun 2023	HBIL.TO vs UMAX.TO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	92	19.03%	242.10M	Jul 2025	HBIL.TO vs CDAY.NEO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	40	19.30%	991.10M	Oct 2023	HBIL.TO vs QMAX.TO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income, Precious Metals	25	-12.97%	468.60M	Feb 2024	HBIL.TO vs AMAX.TO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	95	18.36%	—	Jan 2025	HBIL.TO vs CMVP.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	66	14.19%	0.00	Jul 2025	HBIL.TO vs SDAY.NEO

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	-1.19%	199.20M	Aug 2024	HBIL.TO vs HBND.TO
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	1.94%	97.69B	May 2020	HBIL.TO vs SGOV
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	1.10%	2.39B	Apr 2023	HBIL.TO vs CBIL.TO
TLT	iShares 20+ Year Treasury Bond ETF	Government Bonds, Long-Term Bond	15	-1.16%	42.18B	Jul 2002	HBIL.TO vs TLT
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	78	16.64%	931.81M	Feb 2022	HBIL.TO vs HYLD-U.TO
SPLT.TO	Brompton Split Corp. Preferred Share ETF	Preferred Stock/Convertible Bonds	65	3.44%	410.95M	Jun 2023	HBIL.TO vs SPLT.TO
ZWP.TO	BMO Covered Call Europe High Dividend ETF	Europe Equities, Derivative Income	41	6.14%	1.08B	Mar 2018	HBIL.TO vs ZWP.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	70	1.00%	1.93B	Feb 2020	HBIL.TO vs HSAV.TO
GOGY.TO	Harvest Alphabet Enhanced High Income Shares ETF C...	Derivative Income	95	20.79%	—	Mar 2025	HBIL.TO vs GOGY.TO
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	77	13.10%	431.22M	Sep 2024	HBIL.TO vs UTES.TO
DXQ.TO	Dynamic Active Enhanced Yield Covered Options ETF	Derivative Income	68	8.37%	—	Sep 2022	HBIL.TO vs DXQ.TO
ZSDB.TO	BMO Short-Term Discount Bond ETF	Short-Term Bond	11	0.97%	—	Jan 2022	HBIL.TO vs ZSDB.TO
CSHI	NEOS Enhanced Income 1-3 Month T-Bill ETF	Ultrashort Bond	99	2.73%	1.45B	Aug 2022	HBIL.TO vs CSHI
YCST.NEO	Costco (COST) Yield Shares Purpose ETF	Derivative Income	7	7.13%	—	Feb 2025	HBIL.TO vs YCST.NEO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	89	27.77%	714.60M	Apr 2011	HBIL.TO vs ENCC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	83	14.21%	250.73M	Jul 2023	HBIL.TO vs USCL.TO
XYLP.L	Global X S&P 500 Covered Call UCITS ETF	Derivative Income, S&P 500	74	7.56%	—	Jul 2023	HBIL.TO vs XYLP.L
INTY.TO	Evolve International Equity UltraYield ETF	Derivative Income	—	—	—	Jan 2026	HBIL.TO vs INTY.TO
TCSB.TO	TD Select Short Term Corporate Bond Ladder ETF	Short-Term Bond	74	1.49%	861.86M	Nov 2018	HBIL.TO vs TCSB.TO
MSTE.TO	Harvest Strategy Inc. Enhanced High Income Shares ...	Derivative Income	1	-41.39%	297.99M	Mar 2025	HBIL.TO vs MSTE.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