HCAL.TO Alternatives & Similar ETFs

Hamilton Enhanced Canadian Bank ETF (HCAL.TO) belongs to the Financials Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HCAL.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to HCAL.TO

HCAL.TO charges 0.65% annually. There are 10 ETFs in the Financials Equities category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
HBNK.TO	Global X Equal Weight Banks Index ETF	0.09%	—	Jul 2023	HCAL.TO vs HBNK.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	0.19%	1.39B	Apr 2023	HCAL.TO vs HEB.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	6.15B	Oct 2009	HCAL.TO vs ZEB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	0.25%	130.84M	Sep 2013	HCAL.TO vs HXF.TO
XUSF.TO	iShares S&P U.S. Financials Index ETF	0.25%	—	Sep 2023	HCAL.TO vs XUSF.TO

Best Risk-Adjusted Alternatives to HCAL.TO

HCAL.TO has a PortfoliosLab risk / return rank of 98. There are 2 ETFs in the Financials Equities category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	98	—	Feb 2022	HCAL.TO vs CBNK.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	98	—	Jul 2023	HCAL.TO vs BNKL.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	97	—	Jul 2023	HCAL.TO vs HBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	97	6.15B	Oct 2009	HCAL.TO vs ZEB.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	97	1.39B	Apr 2023	HCAL.TO vs HEB.TO

Top Performing HCAL.TO Alternatives (YTD)

HCAL.TO is at 38.28% YTD. There are 2 ETFs in the Financials Equities category with higher YTD returns, going as high as 43.47%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	43.47%	86.85M	Jun 2007	HCAL.TO vs CFOU.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	41.95%	—	Feb 2022	HCAL.TO vs CBNK.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	37.19%	—	Jul 2023	HCAL.TO vs BNKL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	31.29%	485.97M	Oct 2017	HCAL.TO vs RBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	30.69%	6.15B	Oct 2009	HCAL.TO vs ZEB.TO

Lowest Volatility Alternatives to HCAL.TO

HCAL.TO has 16.10% 1-year volatility. There are 16 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 9.02%.

Symbol	Name	Volatility 1Y	AUM	Inception
FIE.TO	iShares Canadian Financial Monthly Income ETF	9.02%	1.40B	Apr 2010	HCAL.TO vs FIE.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	11.40%	348.36M	Aug 2010	HCAL.TO vs CIC.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	11.51%	4.65B	Jan 2011	HCAL.TO vs ZWB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	11.79%	419.44M	Feb 2008	HCAL.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	12.20%	2.28B	Mar 2001	HCAL.TO vs XFN.TO

Lowest Drawdown Alternatives to HCAL.TO

HCAL.TO has a 1-year max drawdown of -10.65%. There are 13 ETFs in the Financials Equities category with shallower 1-year drawdowns, going as shallow as -7.13%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	-7.13%	419.44M	Feb 2008	HCAL.TO vs CEW.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	-7.19%	1.40B	Apr 2010	HCAL.TO vs FIE.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.28B	Mar 2001	HCAL.TO vs XFN.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	-7.82%	4.65B	Jan 2011	HCAL.TO vs ZWB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	130.84M	Sep 2013	HCAL.TO vs HXF.TO

Other ETFs from Hamilton Capital

The 10 most viewed Hamilton Capital ETFs shown here include HMAX.TO, HYLD.TO, UMAX.TO and span 6 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	17.83%	2.47B	Jan 2023	HCAL.TO vs HMAX.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	64	12.62%	1.30B	Feb 2022	HCAL.TO vs HYLD.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	Derivative Income, Utilities Equities	74	9.83%	1.36B	Jun 2023	HCAL.TO vs UMAX.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	—	26.03%	—	Jul 2025	HCAL.TO vs QDAY.NEO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	44	19.67%	1.01B	Oct 2023	HCAL.TO vs QMAX.TO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	17.30%	242.10M	Jul 2025	HCAL.TO vs CDAY.NEO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income, Precious Metals	25	-7.81%	504.60M	Feb 2024	HCAL.TO vs AMAX.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	—	13.74%	—	Jul 2025	HCAL.TO vs SDAY.NEO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	91	16.26%	—	Jan 2025	HCAL.TO vs CMVP.TO
SMAX.TO	Hamilton U.S. Equity YIELD MAXIMIZER ETF	Derivative Income	88	16.38%	1.09B	Oct 2023	HCAL.TO vs SMAX.TO

Often Compared With HCAL.TO

Investors most often compare HCAL.TO with BANK.TO, VDY.TO, HDIV.TO. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	Derivative Income	97	27.46%	1.16B	Feb 2022	HCAL.TO vs BANK.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	24.99%	7.99B	Nov 2012	HCAL.TO vs VDY.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	93	18.72%	1.70B	Jul 2021	HCAL.TO vs HDIV.TO
MKP.TO	MCAN Mortgage Corporation		92	14.85%	—	—	HCAL.TO vs MKP.TO
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	77	17.72%	99.95B	Oct 2011	HCAL.TO vs SCHD
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	Canada Equities	98	32.53%	105.70M	Jun 2020	HCAL.TO vs HCA.TO
HHIC.TO	Harvest Canadian High Income Shares ETF	Canada Equities, Derivative Income	—	12.82%	203.19M	Aug 2025	HCAL.TO vs HHIC.TO
ZCLN.TO	BMO Clean Energy Index ETF	Alternative Energy Equities	74	31.18%	—	Jan 2021	HCAL.TO vs ZCLN.TO
ZCH.TO	BMO MSCI China ESG Leaders Index ETF	China Equities	8	-14.47%	116.97M	Jan 2010	HCAL.TO vs ZCH.TO
HFIN.TO	Hamilton Enhanced Canadian Financials ETF	Financials Equities	95	24.47%	466.70M	Jan 2022	HCAL.TO vs HFIN.TO
QQU.TO	BetaPro NASDAQ-100 2x Daily Bull ETF	Nasdaq-100, Leveraged Equities	51	28.32%	500.98M	Jun 2008	HCAL.TO vs QQU.TO
SMVP.TO	HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD He...	Large Cap Blend Equities	37	7.08%	—	Jan 2025	HCAL.TO vs SMVP.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	72	11.93%	32.85B	Nov 2012	HCAL.TO vs VFV.TO
TBNK.TO	TD Canadian Bank Dividend Index ETF	Dividend	97	30.50%	370.26M	Apr 2023	HCAL.TO vs TBNK.TO
AMHE.TO	Harvest Amazon Enhanced High Income Shares ETF - C...	Leveraged Equities	18	3.18%	—	Aug 2024	HCAL.TO vs AMHE.TO
HSX.L	Hiscox Ltd		91	28.37%	—	—	HCAL.TO vs HSX.L
AGF-B.TO	AGF Management Ltd		82	22.17%	—	—	HCAL.TO vs AGF-B.TO
HEQL.TO	Global X Enhanced All-Equity Asset Allocation ETF ...	Leveraged Equities	—	—	—	Oct 2023	HCAL.TO vs HEQL.TO
TCND.TO	BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alterna...	Leveraged Equities	—	27.77%	—	Aug 2025	HCAL.TO vs TCND.TO
ZPR.TO	BMO Laddered Preferred Share Index ETF	Preferred Stock/Convertible Bonds	97	6.36%	1.57B	Nov 2012	HCAL.TO vs ZPR.TO

Compare HCAL.TO with Any Fund or Stock

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

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Pair HCAL.TO with funds that move differently

Hamilton Enhanced Canadian Bank ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HCAL.TO.

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Hamilton Enhanced Canadian Bank ETF (HCAL.TO) Alternatives