Hamilton Canadian Bank Mean Reversion Index ETF (HCA.TO)

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The chart shows the growth of an initial investment of CA$10,000 in Hamilton Canadian Bank Mean Reversion Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Hamilton Canadian Bank Mean Reversion Index ETF (HCA.TO) has returned -0.14% so far this year and 48.91% over the past 12 months.

Based on dividend-adjusted daily data since Jun 29, 2020, HCA.TO's average daily return is +0.11%, while the average monthly return is +2.29%. At this rate, your investment would double in approximately 2.6 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +15.9%, while the worst month was Jun 2022 at -7.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, HCA.TO closed higher 53% of trading days. The best single day was Dec 13, 2023 with a return of +4.3%, while the worst single day was Jul 14, 2022 at -4.4%.

Hamilton Canadian Bank Mean Reversion Index ETF has an annualized alpha of 23.60%, beta of 0.44, and R² of 0.19 versus S&P 500 Index. Calculated based on daily prices since June 30, 2020.

• This ETF captured 114.12% of S&P 500 Index gains but only 22.68% of its losses — a favorable profile for investors.
• Beta of 0.44 may look defensive, but with R² of 0.19 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.19 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

HCA.TO has an expense ratio of 0.45%, placing it in the medium range.

HCA.TO ranks 98 for risk / return — in the top 98% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Hamilton Canadian Bank Mean Reversion Index ETF (HCA.TO) and compare them to a chosen benchmark (S&P 500 Index).

Hamilton Canadian Bank Mean Reversion Index ETF provided a 3.46% dividend yield over the last twelve months, with an annual payout of CA$1.15 per share.

The table displays the monthly dividend distributions for Hamilton Canadian Bank Mean Reversion Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Hamilton Canadian Bank Mean Reversion Index ETF. 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 Hamilton Canadian Bank Mean Reversion Index ETF was 17.82%, occurring on Oct 11, 2022. Recovery took 293 trading sessions.

The current Hamilton Canadian Bank Mean Reversion Index ETF drawdown is 7.83%.

The chart below shows the rolling one-month volatility.