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Hamilton Enhanced Canadian Covered Call ETF (HDIV.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 17, 2026

Hamilton Enhanced Canadian Covered Call ETF seeks to provide attractive monthly income and long-term capital appreciation from a diversified, multi-sector portfolio of primarily covered call ETFs focused on Canada. The fund uses modest 25% cash leverage to enhance yield and growth potential.

Hamilton Enhanced Canadian Covered Call ETF (HDIV.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 HDIV.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to HDIV.TO

HDIV.TO charges 0.00% annually. No ETFs in the Derivative Income category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.29%.

SymbolNameExpense RatioAUMInception
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%169.56MNov 2025HDIV.TO vs EQLI.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025HDIV.TO vs ECHI.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024HDIV.TO vs JEPI.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%224.00MSep 2024HDIV.TO vs HBIL.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024HDIV.TO vs JEPQ.TO

Best Risk-Adjusted Alternatives to HDIV.TO

HDIV.TO has a PortfoliosLab risk / return rank of 95. There are 10 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 98.

SymbolNameRisk / Return RankAUMInception
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
98
180.28MJun 2022HDIV.TO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
98
—Feb 2022HDIV.TO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
98
1.26BFeb 2022HDIV.TO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
98
4.84BJan 2011HDIV.TO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
198.10MJul 2023HDIV.TO vs BKCL.TO

Top Performing HDIV.TO Alternatives (YTD)

HDIV.TO is at 19.24% YTD. There are 17 ETFs in the Derivative Income category with higher YTD returns, going as high as 48.96%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
48.96%
—Feb 2022HDIV.TO vs CBNK.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
35.60%
271.10MOct 2023HDIV.TO vs ENCL.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
34.14%
1.26BFeb 2022HDIV.TO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
31.92%
198.10MJul 2023HDIV.TO vs BKCL.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
31.10%
4.84BJan 2011HDIV.TO vs ZWB.TO

Lowest Volatility Alternatives to HDIV.TO

HDIV.TO has 13.14% 1-year volatility. There are 42 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.75%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.75%224.00MSep 2024HDIV.TO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...1.91%—Sep 2024HDIV.TO vs HBIL-U.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.74%259.21MJan 2024HDIV.TO vs HPYM.TO
FCMI.TO
Fidelity Canadian Monthly High Income ETF6.39%—Jan 2020HDIV.TO vs FCMI.TO
ZPH.TO
BMO US Put Write Hedged to CAD ETF6.55%35.29MFeb 2017HDIV.TO vs ZPH.TO

Lowest Drawdown Alternatives to HDIV.TO

HDIV.TO has a 1-year max drawdown of -8.73%. There are 40 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.95%.

SymbolNameMax Drawdown 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...
-0.95%
224.00MSep 2024HDIV.TO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...
-1.07%
—Sep 2024HDIV.TO vs HBIL-U.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
180.28MJun 2022HDIV.TO vs HLIF.TO
FCMI.TO
Fidelity Canadian Monthly High Income ETF
-3.62%
—Jan 2020HDIV.TO vs FCMI.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
259.21MJan 2024HDIV.TO vs HPYM.TO

Other ETFs from Hamilton ETFs

The 1 most viewed Hamilton ETFs ETFs shown here include HFIN.TO and span 1 categories. AUM among these funds goes as high as $490M.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HFIN.TO
Hamilton Enhanced Canadian Financials ETFFinancials Equities
97
30.56%
490.40MJan 2022HDIV.TO vs HFIN.TO

Often Compared With HDIV.TO

Investors most often compare HDIV.TO with HYLD.TO, HMAX.TO, XDIV.TO. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
68
13.62%
1.32BFeb 2022HDIV.TO vs HYLD.TO
HMAX.TO
Hamilton Canadian Financials Yield Maximizer ETFDerivative Income
97
21.55%
2.53BJan 2023HDIV.TO vs HMAX.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...Dividend, Large Cap Value Equities
98
27.42%
5.78BJun 2017HDIV.TO vs XDIV.TO
HDIF.TO
Harvest Diversified Monthly Income ETF - Class A U...Derivative Income
73
12.72%
555.21MFeb 2022HDIV.TO vs HDIF.TO
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
19
7.24%
1.87BJan 2025HDIV.TO vs HHIS.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
99
29.60%
8.59BNov 2012HDIV.TO vs VDY.TO
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
96
15.23%
2.41BFeb 2017HDIV.TO vs ZWC.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
77
13.15%
34.09BNov 2012HDIV.TO vs VFV.TO
CDAY.NEO
Hamilton Enhanced Canadian Equity DayMAX ETFDerivative Income, Canada Equities
92
19.23%
242.10MJul 2025HDIV.TO vs CDAY.NEO
HHIC.TO
Harvest Canadian High Income Shares ETFCanada Equities, Derivative Income—
11.22%
222.19MAug 2025HDIV.TO vs HHIC.TO
XIU.TO
iShares S&P/TSX 60 Index ETFCanada Equities
92
14.00%
23.77BSep 1999HDIV.TO vs XIU.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETFFinancials Equities, Canada Equities, Leveraged Equities
98
44.98%
1.09BOct 2020HDIV.TO vs HCAL.TO
JEPQ
JPMorgan Nasdaq Equity Premium Income ETFNasdaq-100, Derivative Income
60
7.89%
40.37BMay 2022HDIV.TO vs JEPQ
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
85
13.53%
20.34BAug 2019HDIV.TO vs XEQT.TO
SCHD
Schwab U.S. Dividend Equity ETFDividend
91
22.44%
98.55BOct 2011HDIV.TO vs SCHD
EIT-UN.TO
Canoe EIT Income FundDiversified Portfolio
89
16.29%
—Aug 1997HDIV.TO vs EIT-UN.TO
BMAX.TO
Brompton Enhanced Multi-Asset Income ETFDiversified Portfolio
67
10.77%
65.40M—HDIV.TO vs BMAX.TO
SMAX.TO
Hamilton U.S. Equity YIELD MAXIMIZER ETFDerivative Income
90
16.31%
1.10BOct 2023HDIV.TO vs SMAX.TO
BRK-B
Berkshire Hathaway Inc.
53
-1.90%
——HDIV.TO vs BRK-B
HTAE.TO
Harvest Tech Achievers Enhanced Income ETF - Class...Technology Equities
39
21.43%
112.85MOct 2022HDIV.TO vs HTAE.TO

Compare HDIV.TO with Any Fund or Stock

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

 

Diversifiers

Pair HDIV.TO with funds that move differently

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

Explore HDIV.TO Diversifiers