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%	249.48M	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
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

Best Risk-Adjusted Alternatives to HBIL.TO

HBIL.TO has a PortfoliosLab risk / return rank of 56. There are 44 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	96	—	Feb 2022	HBIL.TO vs CBNK.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	96	1.08B	Feb 2022	HBIL.TO vs BANK.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	95	187.53M	Jul 2023	HBIL.TO vs BKCL.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	94	370.01M	May 2011	HBIL.TO vs BKCC.TO

Top Performing HBIL.TO Alternatives (YTD)

HBIL.TO is at 0.59% YTD. There are 68 ETFs in the Derivative Income category with higher YTD returns, going as high as 59.96%.

Symbol	Name	YTD Return	AUM	Inception
YAVG.NEO	Broadcom (AVGO) Yield Shares Purpose ETF	59.96%	—	Feb 2025	HBIL.TO vs YAVG.NEO
AVGY.TO	Harvest Broadcom Enhanced High Income Shares ETF -...	42.92%	—	Mar 2025	HBIL.TO vs AVGY.TO
CNQE.TO	Harvest CNQ Enhanced High Income Shares ETF	39.35%	—	Aug 2025	HBIL.TO vs CNQE.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	36.58%	286.32M	Oct 2023	HBIL.TO vs ENCL.TO
NXF.TO	CI Energy Giants Covered Call ETF Common Units (CA...	32.43%	116.31M	Feb 2015	HBIL.TO vs NXF.TO

Lowest Volatility Alternatives to HBIL.TO

HBIL.TO has 1.66% 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 4.53%.

Symbol	Name	Volatility 1Y	AUM	Inception
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	4.53%	226.83M	Jan 2024	HBIL.TO vs HPYM.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	6.65%	1.34B	Jun 2023	HBIL.TO vs UMAX.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	6.85%	—	Jun 2022	HBIL.TO vs HLIF.TO
ZWU.TO	BMO Covered Call Utilities ETF	7.59%	2.17B	Oct 2011	HBIL.TO vs ZWU.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	7.80%	2.30B	Feb 2017	HBIL.TO vs ZWC.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...	-3.85%	226.83M	Jan 2024	HBIL.TO vs HPYM.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	-4.57%	97.17M	Oct 2022	HBIL.TO vs HUTE.TO
ZWU.TO	BMO Covered Call Utilities ETF	-4.86%	2.17B	Oct 2011	HBIL.TO vs ZWU.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	-5.11%	1.34B	Jun 2023	HBIL.TO vs UMAX.TO

Other ETFs from Hamilton Capital

The 10 most viewed Hamilton Capital ETFs shown here include HDIV.TO, HMAX.TO, HYLD.TO and span 5 categories. AUM among these funds goes as high as $2B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HDIV.TO	Hamilton Enhanced Multi-Sector Covered Call ETF	Derivative Income	92	16.21%	1.63B	Jul 2021	HBIL.TO vs HDIV.TO
HMAX.TO	Hamilton Canadian Financials YIELD MAXIMIZER ETF	Derivative Income	91	11.17%	2.34B	Jan 2023	HBIL.TO vs HMAX.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	75	15.73%	1.29B	Feb 2022	HBIL.TO vs HYLD.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Leveraged Equities	96	23.54%	959.30M	Oct 2020	HBIL.TO vs HCAL.TO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	52	22.06%	973.00M	Oct 2023	HBIL.TO vs QMAX.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	—	31.76%	—	Jul 2025	HBIL.TO vs QDAY.NEO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	13.70%	242.10M	Jul 2025	HBIL.TO vs CDAY.NEO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income	32	-1.05%	519.30M	Feb 2024	HBIL.TO vs AMAX.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	—	9.14%	—	Jul 2025	HBIL.TO vs SDAY.NEO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	79	11.91%	—	Jan 2025	HBIL.TO vs CMVP.TO

Often Compared With HBIL.TO

Investors most often compare HBIL.TO with HBND.TO, SGOV, TLT. 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	18	-0.30%	198.70M	Aug 2024	HBIL.TO vs HBND.TO
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	1.51%	91.90B	May 2020	HBIL.TO vs SGOV
TLT	iShares 20+ Year Treasury Bond ETF	Government Bonds, Long-Term Bond	16	-0.27%	42.90B	Jul 2002	HBIL.TO vs TLT
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.85%	2.27B	Apr 2023	HBIL.TO vs CBIL.TO
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	73	15.12%	937.07M	Feb 2022	HBIL.TO vs HYLD-U.TO
ZWP.TO	BMO Covered Call Europe High Dividend ETF	Europe Equities, Derivative Income	32	4.01%	1.10B	Mar 2018	HBIL.TO vs ZWP.TO
SPLT.TO	Brompton Split Corp. Preferred Share ETF	Preferred Stock/Convertible Bonds	54	2.84%	410.95M	Jun 2023	HBIL.TO vs SPLT.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Bank Loan	66	1.04%	1.92B	Feb 2020	HBIL.TO vs HSAV.TO
GOGY.TO	Harvest Alphabet Enhanced High Income Shares ETF C...	Derivative Income	93	14.33%	—	Mar 2025	HBIL.TO vs GOGY.TO
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	75	12.58%	405.53M	Sep 2024	HBIL.TO vs UTES.TO
ZSDB.TO	BMO Short-Term Discount Bond ETF	Short-Term Bond	43	0.74%	—	Jan 2022	HBIL.TO vs ZSDB.TO
DXQ.TO	Dynamic Active Enhanced Yield Covered Options ETF	Derivative Income	65	6.80%	—	Sep 2022	HBIL.TO vs DXQ.TO
CSHI	Neos Enhanced Income Cash Alternative ETF	Ultrashort Bond	99	2.26%	1.28B	Aug 2022	HBIL.TO vs CSHI
XYLP.L	Global X S&P 500 Covered Call UCITS ETF	Derivative Income, S&P 500	73	4.83%	—	Jul 2023	HBIL.TO vs XYLP.L
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	85	29.01%	759.08M	Apr 2011	HBIL.TO vs ENCC.TO
BCCL.NEO	Global X Enhanced Bitcoin Covered Call ETF	Derivative Income	2	-27.54%	—	Apr 2025	HBIL.TO vs BCCL.NEO
YCST.NEO	Costco (COST) Yield Shares Purpose ETF	Derivative Income	5	12.72%	—	Feb 2025	HBIL.TO vs YCST.NEO
INTY.TO	Evolve International Equity UltraYield ETF	Derivative Income	—	—	—	Jan 2026	HBIL.TO vs INTY.TO
MSTE.TO	Harvest MicroStrategy Enhanced High Income Shares ...	Derivative Income	1	-20.32%	—	Mar 2025	HBIL.TO vs MSTE.TO
TCSB.TO	TD Select Short Term Corporate Bond Ladder ETF	Short-Term Bond	57	1.32%	790.22M	Nov 2018	HBIL.TO vs TCSB.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