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Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO) Alternatives

ETF · Currency in CAD · Last updated Jun 4, 2026

The fund aims to deliver attractive monthly income and long-term capital growth by investing in a diversified portfolio of primarily covered call ETFs across multiple sectors, with a focus on Canadian markets.

Hamilton Enhanced Multi-Sector 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 0.04%.

SymbolNameExpense RatioAUMInception
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF0.04%249.48MJul 2023HDIV.TO vs USCL.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025HDIV.TO vs ECHI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%155.19MNov 2025HDIV.TO vs EQLI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024HDIV.TO vs JEPQ.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%235.30MSep 2024HDIV.TO vs HBIL.TO

Best Risk-Adjusted Alternatives to HDIV.TO

HDIV.TO has a PortfoliosLab risk / return rank of 92. There are 8 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
—Jun 2022HDIV.TO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
96
—Feb 2022HDIV.TO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
96
1.08BFeb 2022HDIV.TO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
95
187.53MJul 2023HDIV.TO vs BKCL.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...
94
370.01MMay 2011HDIV.TO vs BKCC.TO

Top Performing HDIV.TO Alternatives (YTD)

HDIV.TO is at 16.21% YTD. There are 23 ETFs in the Derivative Income category with higher YTD returns, going as high as 59.96%.

SymbolNameYTD ReturnAUMInception
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
59.96%
—Feb 2025HDIV.TO vs YAVG.NEO
AVGY.TO
Harvest Broadcom Enhanced High Income Shares ETF -...
42.92%
—Mar 2025HDIV.TO vs AVGY.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETF
39.35%
—Aug 2025HDIV.TO vs CNQE.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
36.58%
286.32MOct 2023HDIV.TO vs ENCL.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...
32.43%
116.31MFeb 2015HDIV.TO vs NXF.TO

Lowest Volatility Alternatives to HDIV.TO

HDIV.TO has 12.47% 1-year volatility. There are 29 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.66%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.66%235.30MSep 2024HDIV.TO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.53%226.83MJan 2024HDIV.TO vs HPYM.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF6.65%1.34BJun 2023HDIV.TO vs UMAX.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A6.85%—Jun 2022HDIV.TO vs HLIF.TO
ZWU.TO
BMO Covered Call Utilities ETF7.59%2.17BOct 2011HDIV.TO vs ZWU.TO

Lowest Drawdown Alternatives to HDIV.TO

HDIV.TO has a 1-year max drawdown of -8.73%. There are 30 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%
235.30MSep 2024HDIV.TO vs HBIL.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
—Jun 2022HDIV.TO vs HLIF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.85%
226.83MJan 2024HDIV.TO vs HPYM.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...
-4.57%
97.17MOct 2022HDIV.TO vs HUTE.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.17BOct 2011HDIV.TO vs ZWU.TO

Other ETFs from Hamilton Capital

The 10 most viewed Hamilton Capital ETFs shown here include HMAX.TO, HYLD.TO, HCAL.TO and span 5 categories. AUM among these funds goes as high as $2B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HMAX.TO
Hamilton Canadian Financials YIELD MAXIMIZER ETFDerivative Income
91
11.17%
2.34BJan 2023HDIV.TO vs HMAX.TO
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
75
15.73%
1.29BFeb 2022HDIV.TO vs HYLD.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETFLeveraged Equities
96
23.54%
959.30MOct 2020HDIV.TO vs HCAL.TO
QMAX.TO
Hamilton Technology YIELD MAXIMIZER ETFTechnology Equities, Derivative Income
52
22.06%
973.00MOct 2023HDIV.TO vs QMAX.TO
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETFDerivative Income—
31.76%
—Jul 2025HDIV.TO vs QDAY.NEO
CDAY.NEO
Hamilton Enhanced Canadian Equity DayMAX ETFDerivative Income, Canada Equities—
13.70%
242.10MJul 2025HDIV.TO vs CDAY.NEO
AMAX.TO
Hamilton Gold Producer YIELD MAXIMIZER ETFGold, Derivative Income
32
-1.05%
519.30MFeb 2024HDIV.TO vs AMAX.TO
SDAY.NEO
Hamilton Enhanced U.S. Equity DayMAX™ ETFDerivative Income—
9.14%
—Jul 2025HDIV.TO vs SDAY.NEO
CMVP.TO
HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...Canada Equities
79
11.91%
—Jan 2025HDIV.TO vs CMVP.TO
SMAX.TO
Hamilton U.S. Equity YIELD MAXIMIZER ETFDerivative Income
94
18.79%
1.07BOct 2023HDIV.TO vs SMAX.TO

Often Compared With HDIV.TO

Investors most often compare HDIV.TO with HDIF.TO, XDIV.TO, HHIS.TO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HDIF.TO
Harvest Diversified Monthly Income ETF - Class A U...Derivative Income
68
11.54%
536.54MFeb 2022HDIV.TO vs HDIF.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...Dividend, Large Cap Value Equities
98
19.17%
5.25BJun 2017HDIV.TO vs XDIV.TO
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
32
9.32%
1.82BJan 2025HDIV.TO vs HHIS.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
98
20.59%
7.99BNov 2012HDIV.TO vs VDY.TO
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
92
11.12%
2.30BFeb 2017HDIV.TO vs ZWC.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
74
12.30%
32.85BNov 2012HDIV.TO vs VFV.TO
XIU.TO
iShares S&P/TSX 60 Index ETFLarge Cap Growth Equities
82
10.14%
22.52BSep 1999HDIV.TO vs XIU.TO
HHIC.TO
Harvest Canadian High Income Shares ETFCanada Equities, Derivative Income—
13.62%
200.58MAug 2025HDIV.TO vs HHIC.TO
JEPQ
JPMorgan Nasdaq Equity Premium Income ETFNasdaq-100, Derivative Income
74
9.54%
39.63BMay 2022HDIV.TO vs JEPQ
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
75
12.29%
18.41BAug 2019HDIV.TO vs XEQT.TO
SCHD
Schwab U.S. Dividend Equity ETFDividend
80
19.01%
94.95BOct 2011HDIV.TO vs SCHD
BRK-B
Berkshire Hathaway Inc.
23
-5.43%
——HDIV.TO vs BRK-B
BMAX.TO
Brompton Enhanced Multi-Asset Income ETFDiversified Portfolio
59
9.27%
65.40M—HDIV.TO vs BMAX.TO
EIT-UN.TO
Canoe EIT Income FundDiversified Portfolio—
27.79%
—Aug 1997HDIV.TO vs EIT-UN.TO
HTAE.TO
Harvest Tech Achievers Enhanced Income ETF - Class...Technology Equities
66
32.62%
110.66MOct 2022HDIV.TO vs HTAE.TO
MSTE.TO
Harvest MicroStrategy Enhanced High Income Shares ...Derivative Income
1
-20.32%
—Mar 2025HDIV.TO vs MSTE.TO
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index FundNasdaq-100, Derivative Income
77
20.66%
135.24MOct 2025HDIV.TO vs QQQY.TO
CLSA.TO
Brompton Split Corp. Enhanced Equity Income ETFCanada Equities
96
20.72%
—Mar 2025HDIV.TO vs CLSA.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETFCanada Equities
98
22.21%
4.02BApr 2011HDIV.TO vs XEI.TO
CANY.TO
Evolve Canadian Equity UltraYield ETFDerivative Income, Canada Equities—
10.38%
—Sep 2025HDIV.TO vs CANY.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 Multi-Sector 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