HDIV.TO Alternatives & Similar ETFs

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 0.04%.

Symbol	Name	Expense Ratio	AUM	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	250.98M	Jul 2023	HDIV.TO vs USCL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	155.19M	Nov 2025	HDIV.TO vs EQLI.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	—	Aug 2025	HDIV.TO vs ECHI.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	—	Sep 2024	HDIV.TO vs JEPI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	0.35%	136.22M	Sep 2024	HDIV.TO vs JEPQ.TO

Best Risk-Adjusted Alternatives to HDIV.TO

HDIV.TO has a PortfoliosLab risk / return rank of 94. There are 9 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	98	—	Jun 2022	HDIV.TO vs HLIF.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	98	—	Feb 2022	HDIV.TO vs CBNK.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	97	1.16B	Feb 2022	HDIV.TO vs BANK.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	97	4.65B	Jan 2011	HDIV.TO vs ZWB.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	97	197.22M	Jul 2023	HDIV.TO vs BKCL.TO

Top Performing HDIV.TO Alternatives (YTD)

HDIV.TO is at 17.77% YTD. There are 18 ETFs in the Derivative Income category with higher YTD returns, going as high as 41.77%.

Symbol	Name	YTD Return	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	41.77%	—	Feb 2022	HDIV.TO vs CBNK.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	28.59%	267.19M	Oct 2023	HDIV.TO vs ENCL.TO
EMCL.NEO	Global X Enhanced MSCI Emerging Markets Covered Ca...	28.01%	7.51M	May 2024	HDIV.TO vs EMCL.NEO
YAVG.NEO	Broadcom (AVGO) Yield Shares Purpose ETF	27.73%	—	Feb 2025	HDIV.TO vs YAVG.NEO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	27.35%	1.16B	Feb 2022	HDIV.TO vs BANK.TO

Lowest Volatility Alternatives to HDIV.TO

HDIV.TO has 13.06% 1-year volatility. There are 34 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.62%.

Symbol	Name	Volatility 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.62%	227.30M	Sep 2024	HDIV.TO vs HBIL.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	4.67%	230.93M	Jan 2024	HDIV.TO vs HPYM.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	6.87%	1.36B	Jun 2023	HDIV.TO vs UMAX.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	7.00%	—	Jun 2022	HDIV.TO vs HLIF.TO
ZWU.TO	BMO Covered Call Utilities ETF	7.67%	2.20B	Oct 2011	HDIV.TO vs ZWU.TO

Lowest Drawdown Alternatives to HDIV.TO

HDIV.TO has a 1-year max drawdown of -8.73%. There are 31 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.95%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	-0.95%	227.30M	Sep 2024	HDIV.TO vs HBIL.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	-3.09%	—	Jun 2022	HDIV.TO vs HLIF.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	-3.87%	230.93M	Jan 2024	HDIV.TO vs HPYM.TO
ZWU.TO	BMO Covered Call Utilities ETF	-4.86%	2.20B	Oct 2011	HDIV.TO vs ZWU.TO
DXQ.TO	Dynamic Active Enhanced Yield Covered Options ETF	-5.11%	—	Sep 2022	HDIV.TO vs DXQ.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 $467M.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HFIN.TO	Hamilton Enhanced Canadian Financials ETF	Financials Equities	96	25.50%	466.70M	Jan 2022	HDIV.TO vs HFIN.TO

Often Compared With HDIV.TO

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	70	12.83%	1.30B	Feb 2022	HDIV.TO vs HYLD.TO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	96	17.89%	2.47B	Jan 2023	HDIV.TO vs HMAX.TO
HDIF.TO	Harvest Diversified Monthly Income ETF - Class A U...	Derivative Income	73	11.66%	532.64M	Feb 2022	HDIV.TO vs HDIF.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	21.21%	5.54B	Jun 2017	HDIV.TO vs XDIV.TO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	16	-0.57%	1.74B	Jan 2025	HDIV.TO vs HHIS.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	24.72%	7.99B	Nov 2012	HDIV.TO vs VDY.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	95	12.21%	2.35B	Feb 2017	HDIV.TO vs ZWC.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	75	11.63%	32.85B	Nov 2012	HDIV.TO vs VFV.TO
XIU.TO	iShares S&P/TSX 60 Index ETF	Canada Equities	90	11.69%	22.98B	Sep 1999	HDIV.TO vs XIU.TO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	19.07%	242.10M	Jul 2025	HDIV.TO vs CDAY.NEO
HHIC.TO	Harvest Canadian High Income Shares ETF	Canada Equities, Derivative Income	—	11.63%	203.19M	Aug 2025	HDIV.TO vs HHIC.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Financials Equities, Canada Equities, Leveraged Equities	98	38.45%	1.06B	Oct 2020	HDIV.TO vs HCAL.TO
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	Nasdaq-100, Derivative Income	68	8.34%	40.03B	May 2022	HDIV.TO vs JEPQ
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	85	13.00%	19.56B	Aug 2019	HDIV.TO vs XEQT.TO
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	87	18.44%	99.95B	Oct 2011	HDIV.TO vs SCHD
BRK-B	Berkshire Hathaway Inc.		41	-2.95%	—	—	HDIV.TO vs BRK-B
SMAX.TO	Hamilton U.S. Equity YIELD MAXIMIZER ETF	Derivative Income	91	16.43%	1.09B	Oct 2023	HDIV.TO vs SMAX.TO
BMAX.TO	Brompton Enhanced Multi-Asset Income ETF	Diversified Portfolio	71	11.68%	65.40M	—	HDIV.TO vs BMAX.TO
EIT-UN.TO	Canoe EIT Income Fund	Diversified Portfolio	82	13.12%	—	Aug 1997	HDIV.TO vs EIT-UN.TO
HTAE.TO	Harvest Tech Achievers Enhanced Income ETF - Class...	Technology Equities	52	26.90%	104.75M	Oct 2022	HDIV.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.

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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.

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