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 14 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%	1.45B	Apr 2023	HCAL.TO vs HEB.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	7.10B	Oct 2009	HCAL.TO vs ZEB.TO
XUSF.TO	iShares S&P U.S. Financials Index ETF	0.25%	—	Sep 2023	HCAL.TO vs XUSF.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	0.25%	134.24M	Sep 2013	HCAL.TO vs HXF.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
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	98	—	Jul 2023	HCAL.TO vs BNKL.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	98	—	Feb 2022	HCAL.TO vs CBNK.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	98	—	Jul 2023	HCAL.TO vs HBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	98	7.10B	Oct 2009	HCAL.TO vs ZEB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	98	438.68M	Feb 2008	HCAL.TO vs CEW.TO

Top Performing HCAL.TO Alternatives (YTD)

HCAL.TO is at 41.03% YTD. There are 3 ETFs in the Financials Equities category with higher YTD returns, going as high as 48.45%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	48.45%	88.65M	Jun 2007	HCAL.TO vs CFOU.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	44.23%	—	Feb 2022	HCAL.TO vs CBNK.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	41.35%	—	Jul 2023	HCAL.TO vs BNKL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	33.54%	518.88M	Oct 2017	HCAL.TO vs RBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	32.90%	7.10B	Oct 2009	HCAL.TO vs ZEB.TO

Lowest Volatility Alternatives to HCAL.TO

HCAL.TO has 17.80% 1-year volatility. There are 23 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 9.59%.

Symbol	Name	Volatility 1Y	AUM	Inception
FIE.TO	iShares Canadian Financial Monthly Income ETF	9.59%	1.43B	Apr 2010	HCAL.TO vs FIE.TO
HPYB.TO	Harvest Premium Yield Canadian Bank ETF	11.92%	—	Jan 2026	HCAL.TO vs HPYB.TO
DXF.TO	Dynamic Active Global Financial Services ETF	12.43%	11.95M	Sep 2017	HCAL.TO vs DXF.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	12.67%	353.44M	Aug 2010	HCAL.TO vs CIC.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	12.79%	438.68M	Feb 2008	HCAL.TO vs CEW.TO

Lowest Drawdown Alternatives to HCAL.TO

HCAL.TO has a 1-year max drawdown of -10.65%. There are 14 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%	438.68M	Feb 2008	HCAL.TO vs CEW.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	-7.19%	1.43B	Apr 2010	HCAL.TO vs FIE.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.30B	Mar 2001	HCAL.TO vs XFN.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	-7.82%	4.77B	Jan 2011	HCAL.TO vs ZWB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	134.24M	Sep 2013	HCAL.TO vs HXF.TO

Other ETFs from Hamilton

The 10 most viewed Hamilton ETFs shown here include HDIV.TO, HMAX.TO, HYLD.TO and span 6 categories. AUM among these funds goes as high as $3B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	18.30%	1.79B	Jul 2021	HCAL.TO vs HDIV.TO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	97	19.57%	2.58B	Jan 2023	HCAL.TO vs HMAX.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	68	11.33%	1.30B	Feb 2022	HCAL.TO vs HYLD.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	51	22.56%	—	Jul 2025	HCAL.TO vs QDAY.NEO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	Derivative Income, Utilities Equities	77	8.99%	1.45B	Jun 2023	HCAL.TO vs UMAX.TO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	92	17.13%	242.10M	Jul 2025	HCAL.TO vs CDAY.NEO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	31	11.50%	936.10M	Oct 2023	HCAL.TO vs QMAX.TO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	95	17.44%	—	Jan 2025	HCAL.TO vs CMVP.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	74	16.75%	0.00	Jul 2025	HCAL.TO vs SDAY.NEO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income, Precious Metals	28	-13.72%	481.30M	Feb 2024	HCAL.TO vs AMAX.TO

Often Compared With HCAL.TO

Investors most often compare HCAL.TO with BANK.TO, VDY.TO, MKP.TO. These 20 comparison targets span 13 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	98	33.28%	1.33B	Feb 2022	HCAL.TO vs BANK.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	28.99%	8.59B	Nov 2012	HCAL.TO vs VDY.TO
MKP.TO	MCAN Mortgage Corporation		84	9.07%	—	—	HCAL.TO vs MKP.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	Canada Equities	98	35.40%	108.60M	Jun 2020	HCAL.TO vs HCA.TO
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	95	24.03%	104.16B	Oct 2011	HCAL.TO vs SCHD
HFIN.TO	Hamilton Enhanced Canadian Financials ETF	Financials Equities	97	28.08%	502.20M	Jan 2022	HCAL.TO vs HFIN.TO
HHIC.TO	Harvest Canadian High Income Shares ETF	Canada Equities, Derivative Income	—	10.47%	224.53M	Aug 2025	HCAL.TO vs HHIC.TO
ZCLN.TO	BMO Clean Energy Index ETF	Alternative Energy Equities, Energy Equities	38	10.10%	—	Jan 2021	HCAL.TO vs ZCLN.TO
ZCH.TO	BMO MSCI China ESG Leaders Index ETF	China Equities, Asia Pacific Equities	11	-6.33%	121.39M	Jan 2010	HCAL.TO vs ZCH.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	72	12.34%	34.09B	Nov 2012	HCAL.TO vs VFV.TO
SMVP.TO	HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD He...	Large Cap Blend Equities	55	11.61%	—	Jan 2025	HCAL.TO vs SMVP.TO
QQU.TO	BetaPro NASDAQ-100 2x Daily Bull ETF	Nasdaq-100, Leveraged Equities	36	17.50%	440.60M	Jun 2008	HCAL.TO vs QQU.TO
AMHE.TO	Harvest Amazon Enhanced High Income Shares ETF - C...	Leveraged Equities	26	20.24%	—	Aug 2024	HCAL.TO vs AMHE.TO
TBNK.TO	TD Canadian Bank Dividend Index ETF	Dividend	98	33.22%	300.34M	Apr 2023	HCAL.TO vs TBNK.TO
AGF-B.TO	AGF Management Ltd		93	42.04%	—	—	HCAL.TO vs AGF-B.TO
HSX.L	Hiscox Ltd		93	29.29%	—	—	HCAL.TO vs HSX.L
HEQL.TO	Global X Enhanced All-Equity Asset Allocation ETF	Leveraged Equities	—	—	—	Oct 2023	HCAL.TO vs HEQL.TO
ZPR.TO	BMO Laddered Preferred Share Index ETF	Preferred Stock	97	8.97%	1.63B	Nov 2012	HCAL.TO vs ZPR.TO
TCND.TO	BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alterna...	Leveraged Equities	—	32.94%	—	Aug 2025	HCAL.TO vs TCND.TO
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	Energy Equities, Derivative Income	80	32.75%	538.30M	Feb 2024	HCAL.TO vs EMAX.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