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

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to HBIL.TO

HBIL.TO charges 0.35% annually. Among ETFs in the Derivative Income category, these options have the lowest expense ratios among HBIL.TO alternatives.

Symbol	Name	Expense Ratio	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	Jul 5, 2023	HBIL.TO vs USCL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	Nov 6, 2025	HBIL.TO vs EQLI.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	Aug 22, 2025	HBIL.TO vs ECHI.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	Sep 27, 2024	HBIL.TO vs JEPI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	0.35%	Sep 27, 2024	HBIL.TO vs JEPQ.TO

Best Risk-Adjusted Alternatives to HBIL.TO

Among ETFs in the Derivative Income category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	97	Jun 8, 2022	HBIL.TO vs HLIF.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	97	May 16, 2011	HBIL.TO vs BKCC.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	96	Jul 5, 2023	HBIL.TO vs BKCL.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	96	Feb 3, 2017	HBIL.TO vs ZWC.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	96	Feb 1, 2022	HBIL.TO vs BANK.TO

Top Performing HBIL.TO Alternatives (YTD)

HBIL.TO alternatives from the Derivative Income category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	31.32%	Feb 6, 2024	HBIL.TO vs EMAX.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	30.98%	Oct 10, 2023	HBIL.TO vs ENCL.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	21.92%	Apr 11, 2011	HBIL.TO vs ENCC.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	12.55%	Oct 25, 2022	HBIL.TO vs HUTE.TO
ZWU.TO	BMO Covered Call Utilities ETF	11.68%	Oct 20, 2011	HBIL.TO vs ZWU.TO

Lowest Volatility Alternatives to HBIL.TO

HBIL.TO alternatives from the Derivative Income category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	7.81%	Jun 14, 2023	HBIL.TO vs UMAX.TO
ZWU.TO	BMO Covered Call Utilities ETF	9.12%	Oct 20, 2011	HBIL.TO vs ZWU.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	9.54%	Jun 8, 2022	HBIL.TO vs HLIF.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	9.62%	May 30, 2024	HBIL.TO vs HPYT.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	10.17%	Feb 3, 2017	HBIL.TO vs ZWC.TO

Lowest Drawdown Alternatives to HBIL.TO

HBIL.TO alternatives from the Derivative Income category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	-6.23%	Jun 14, 2023	HBIL.TO vs UMAX.TO
ZWU.TO	BMO Covered Call Utilities ETF	-6.71%	Oct 20, 2011	HBIL.TO vs ZWU.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	-7.71%	May 16, 2011	HBIL.TO vs BKCC.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	-7.76%	May 30, 2024	HBIL.TO vs HPYT.TO
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	-8.29%	Sep 3, 2024	HBIL.TO vs UTES.TO

Other ETFs from Hamilton Capital

Most popular Hamilton Capital ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
HDIV.TO	Hamilton Enhanced Multi-Sector Covered Call ETF	Derivative Income	92	3.20%	Jul 19, 2021	HBIL.TO vs HDIV.TO
HMAX.TO	Hamilton Canadian Financials YIELD MAXIMIZER ETF	Derivative Income	93	-3.41%	Jan 20, 2023	HBIL.TO vs HMAX.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	57	-8.12%	Feb 4, 2022	HBIL.TO vs HYLD.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Leveraged Equities	98	1.59%	Oct 14, 2020	HBIL.TO vs HCAL.TO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	27	-15.25%	Oct 25, 2023	HBIL.TO vs QMAX.TO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	3.53%	Jul 14, 2025	HBIL.TO vs CDAY.NEO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	—	-13.08%	Jul 14, 2025	HBIL.TO vs QDAY.NEO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income	84	4.61%	Feb 6, 2024	HBIL.TO vs AMAX.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	—	3.41%	Jul 14, 2025	HBIL.TO vs SDAY.NEO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	95	7.10%	Jan 24, 2025	HBIL.TO vs CMVP.TO

Often Compared With HBIL.TO

What investors most often compare with HBIL.TO, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
HBND.TO	Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedge...	Government Bonds, Derivative Income	9	-1.01%	Aug 21, 2024	HBIL.TO vs HBND.TO
TLT	iShares 20+ Year Treasury Bond ETF	Government Bonds, Long-Term Bond	12	0.17%	Jul 22, 2002	HBIL.TO vs TLT
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.30%	Apr 12, 2023	HBIL.TO vs CBIL.TO
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	0.86%	May 26, 2020	HBIL.TO vs SGOV
SPLT.TO	Brompton Split Corp. Preferred Share ETF	Preferred Stock/Convertible Bonds	37	0.10%	Jun 12, 2023	HBIL.TO vs SPLT.TO
CSHI	Neos Enhanced Income Cash Alternative ETF	Ultrashort Bond	97	1.30%	Aug 29, 2022	HBIL.TO vs CSHI
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Bank Loan	96	1.13%	Feb 5, 2020	HBIL.TO vs HSAV.TO
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	46	-7.72%	Feb 4, 2022	HBIL.TO vs HYLD-U.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	75	0.66%	Aug 7, 2019	HBIL.TO vs XEQT.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	Canadian Government Bonds, Ultrashort Bond	74	0.59%	Jan 27, 2011	HBIL.TO vs ZST.TO
ZWP.TO	BMO Covered Call Europe High Dividend ETF	Europe Equities, Derivative Income	34	-1.05%	Mar 1, 2018	HBIL.TO vs ZWP.TO
XYLP.L	Global X S&P 500 Covered Call UCITS ETF	Derivative Income, S&P 500	24	-1.08%	Jul 11, 2023	HBIL.TO vs XYLP.L
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Derivative Income	48	-3.61%	Sep 13, 2011	HBIL.TO vs QQCC.TO
BCCL.NEO	Global X Enhanced Bitcoin Covered Call ETF	Derivative Income	—	-29.77%	Apr 21, 2025	HBIL.TO vs BCCL.NEO
INTY.TO	Evolve International Equity UltraYield ETF	Derivative Income	—	—	Jan 14, 2026	HBIL.TO vs INTY.TO
ZSDB.TO	BMO Short-Term Discount Bond ETF	Short-Term Bond	22	0.01%	Jan 24, 2022	HBIL.TO vs ZSDB.TO
MSTE.TO	Harvest MicroStrategy Enhanced High Income Shares ...	Derivative Income	2	-15.65%	Mar 5, 2025	HBIL.TO vs MSTE.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Derivative Income	48	-4.67%	Oct 10, 2023	HBIL.TO vs QQCL.TO
CRCY.TO	Harvest Circle Enhanced High Income Shares ETF Cla...	Derivative Income	—	1.83%	Sep 26, 2025	HBIL.TO vs CRCY.TO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	41	-14.58%	Jan 16, 2025	HBIL.TO vs HHIS.TO

Compare HBIL.TO with Any Fund or Stock

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

Symbol name

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

Symbol name