HCAL.TO Alternatives & Similar ETFs

Hamilton Enhanced Canadian Bank ETF (HCAL.TO) belongs to the Leveraged 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 2 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.40%.

Symbol	Name	Expense Ratio	AUM	Inception
METE.TO	Harvest Meta Enhanced High Income Shares ETF - Cla...	0.40%	—	Jan 2025	HCAL.TO vs METE.TO
QQQL.TO	Global X Enhanced Nasdaq-100 Index ETF	0.49%	—	May 2024	HCAL.TO vs QQQL.TO
HPYE.TO	Harvest Premium Yield Enhanced ETF	0.65%	—	Jan 2026	HCAL.TO vs HPYE.TO
CNDU.TO	BetaPro S&P/TSX 60 2x Daily Bull ETF	1.15%	80.21M	Jan 2007	HCAL.TO vs CNDU.TO
USSL.TO	Global X Enhanced S&P 500 Index ETF	1.34%	10.16M	May 2024	HCAL.TO vs USSL.TO

Best Risk-Adjusted Alternatives to HCAL.TO

HCAL.TO has a PortfoliosLab risk / return rank of 96. There is 1 ETF in the Leveraged Equities category with a higher risk-adjusted rank, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
SOXU.TO	MegaLong (3X) US Semiconductors Daily Leveraged Al...	98	—	May 2025	HCAL.TO vs SOXU.TO
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	92	77.00M	Jun 2007	HCAL.TO vs CFOU.TO
HEQL.TO	Global X Enhanced All-Equity Asset Allocation ETF ...	85	—	Oct 2023	HCAL.TO vs HEQL.TO
QQQL.TO	Global X Enhanced Nasdaq-100 Index ETF	83	—	May 2024	HCAL.TO vs QQQL.TO
CNDU.TO	BetaPro S&P/TSX 60 2x Daily Bull ETF	80	80.21M	Jan 2007	HCAL.TO vs CNDU.TO

Top Performing HCAL.TO Alternatives (YTD)

HCAL.TO is at 24.08% YTD. There are 6 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 504.91%.

Symbol	Name	YTD Return	AUM	Inception
SOXU.TO	MegaLong (3X) US Semiconductors Daily Leveraged Al...	504.91%	—	May 2025	HCAL.TO vs SOXU.TO
TQQQ.TO	BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alterna...	62.71%	—	Jun 2025	HCAL.TO vs TQQQ.TO
QQU.TO	BetaPro NASDAQ-100 2x Daily Bull ETF	41.30%	514.12M	Jun 2008	HCAL.TO vs QQU.TO
QQQL.TO	Global X Enhanced Nasdaq-100 Index ETF	27.90%	—	May 2024	HCAL.TO vs QQQL.TO
TCND.TO	BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alterna...	26.62%	—	Aug 2025	HCAL.TO vs TCND.TO

Lowest Volatility Alternatives to HCAL.TO

HCAL.TO has 15.82% 1-year volatility. There are 3 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 12.99%.

Symbol	Name	Volatility 1Y	AUM	Inception
HPYE.TO	Harvest Premium Yield Enhanced ETF	12.99%	—	Jan 2026	HCAL.TO vs HPYE.TO
USSL.TO	Global X Enhanced S&P 500 Index ETF	14.08%	10.16M	May 2024	HCAL.TO vs USSL.TO
HEQL.TO	Global X Enhanced All-Equity Asset Allocation ETF ...	15.75%	—	Oct 2023	HCAL.TO vs HEQL.TO
QQQL.TO	Global X Enhanced Nasdaq-100 Index ETF	18.89%	—	May 2024	HCAL.TO vs QQQL.TO
CNDU.TO	BetaPro S&P/TSX 60 2x Daily Bull ETF	23.53%	80.21M	Jan 2007	HCAL.TO vs CNDU.TO

Lowest Drawdown Alternatives to HCAL.TO

HCAL.TO has a 1-year max drawdown of -10.65%. No ETFs in the Leveraged Equities category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -10.69%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HEQL.TO	Global X Enhanced All-Equity Asset Allocation ETF ...	-10.69%	—	Oct 2023	HCAL.TO vs HEQL.TO
USSL.TO	Global X Enhanced S&P 500 Index ETF	-10.79%	10.16M	May 2024	HCAL.TO vs USSL.TO
QQQL.TO	Global X Enhanced Nasdaq-100 Index ETF	-12.69%	—	May 2024	HCAL.TO vs QQQL.TO
CNDU.TO	BetaPro S&P/TSX 60 2x Daily Bull ETF	-15.26%	80.21M	Jan 2007	HCAL.TO vs CNDU.TO
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	-16.08%	77.00M	Jun 2007	HCAL.TO vs CFOU.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	93	16.52%	1.63B	Jul 2021	HCAL.TO vs HDIV.TO
HMAX.TO	Hamilton Canadian Financials YIELD MAXIMIZER ETF	Derivative Income	92	11.79%	2.34B	Jan 2023	HCAL.TO vs HMAX.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	77	15.62%	1.29B	Feb 2022	HCAL.TO vs HYLD.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	Derivative Income, Utilities Equities	57	8.58%	1.34B	Jun 2023	HCAL.TO vs UMAX.TO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	53	21.28%	973.00M	Oct 2023	HCAL.TO vs QMAX.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	—	31.54%	—	Jul 2025	HCAL.TO vs QDAY.NEO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	13.95%	242.10M	Jul 2025	HCAL.TO vs CDAY.NEO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income	36	1.50%	519.30M	Feb 2024	HCAL.TO vs AMAX.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	—	8.34%	—	Jul 2025	HCAL.TO vs SDAY.NEO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	80	12.23%	—	Jan 2025	HCAL.TO vs CMVP.TO

Often Compared With HCAL.TO

Investors most often compare HCAL.TO with BANK.TO, ZEB.TO, VDY.TO. These 20 comparison targets span 9 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	96	17.91%	1.08B	Feb 2022	HCAL.TO vs BANK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	19.74%	5.16B	Oct 2009	HCAL.TO vs ZEB.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	20.67%	7.99B	Nov 2012	HCAL.TO vs VDY.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities	96	19.91%	—	Jul 2023	HCAL.TO vs HBNK.TO
MKP.TO	MCAN Mortgage Corporation		89	11.72%	—	—	HCAL.TO vs MKP.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities	96	16.60%	4.34B	Jan 2024	HCAL.TO vs ZWB.TO
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	82	19.01%	94.95B	Oct 2011	HCAL.TO vs SCHD
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	Canada Equities	96	19.58%	96.00M	Jun 2020	HCAL.TO vs HCA.TO
HHIC.TO	Harvest Canadian High Income Shares ETF	Canada Equities, Derivative Income	—	14.57%	200.58M	Aug 2025	HCAL.TO vs HHIC.TO
ZCLN.TO	BMO Clean Energy Index ETF	Alternative Energy Equities	89	45.84%	—	Jan 2021	HCAL.TO vs ZCLN.TO
ZCH.TO	BMO MSCI China ESG Leaders Index ETF	China Equities	14	-6.87%	118.56M	Jan 2010	HCAL.TO vs ZCH.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	Financials Equities	96	19.64%	1.27B	Apr 2023	HCAL.TO vs HEB.TO
SMVP.TO	HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD He...	Large Cap Blend Equities	26	4.89%	—	Jan 2025	HCAL.TO vs SMVP.TO
HFIN.TO	Hamilton Enhanced Canadian Financials ETF	Financials Equities	90	13.57%	419.30M	Jan 2022	HCAL.TO vs HFIN.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	78	12.51%	32.85B	Nov 2012	HCAL.TO vs VFV.TO
AMHE.TO	Harvest Amazon Enhanced High Income Shares ETF - C...	Leveraged Equities	25	11.52%	—	Aug 2024	HCAL.TO vs AMHE.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	Financials Equities	96	20.92%	—	Jul 2023	HCAL.TO vs BNKL.TO
TBNK.TO	TD Canadian Bank Dividend Index ETF	Dividend	96	19.61%	340.80M	Apr 2023	HCAL.TO vs TBNK.TO
HSX.L	Hiscox Ltd		87	26.08%	—	—	HCAL.TO vs HSX.L
AGF-B.TO	AGF Management Ltd		78	8.56%	—	—	HCAL.TO vs AGF-B.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