HYLD-U.TO Alternatives & Similar ETFs

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

Cheapest Alternatives to HYLD-U.TO

Among 84 ETFs in the Derivative Income category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.29%.

Symbol	Name	Expense Ratio	AUM	Inception
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	—	Aug 2025	HYLD-U.TO vs ECHI.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	169.56M	Nov 2025	HYLD-U.TO vs EQLI.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	0.35%	224.00M	Sep 2024	HYLD-U.TO vs HBIL.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	—	Sep 2024	HYLD-U.TO vs JEPI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	0.35%	136.22M	Sep 2024	HYLD-U.TO vs JEPQ.TO

Best Risk-Adjusted Alternatives to HYLD-U.TO

HYLD-U.TO has a PortfoliosLab risk / return rank of 78. There are 26 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	180.28M	Jun 2022	HYLD-U.TO vs HLIF.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	98	—	Feb 2022	HYLD-U.TO vs CBNK.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	98	1.26B	Feb 2022	HYLD-U.TO vs BANK.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	98	4.84B	Jan 2011	HYLD-U.TO vs ZWB.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	97	198.10M	Jul 2023	HYLD-U.TO vs BKCL.TO

Top Performing HYLD-U.TO Alternatives (YTD)

HYLD-U.TO is at 16.64% YTD. There are 29 ETFs in the Derivative Income category with higher YTD returns, going as high as 49.92%.

Symbol	Name	YTD Return	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	49.92%	—	Feb 2022	HYLD-U.TO vs CBNK.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	34.83%	271.10M	Oct 2023	HYLD-U.TO vs ENCL.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	34.25%	1.26B	Feb 2022	HYLD-U.TO vs BANK.TO
YAVG.NEO	Broadcom (AVGO) Yield Shares Purpose ETF	33.82%	—	Feb 2025	HYLD-U.TO vs YAVG.NEO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	32.52%	198.10M	Jul 2023	HYLD-U.TO vs BKCL.TO

Lowest Volatility Alternatives to HYLD-U.TO

HYLD-U.TO has 16.96% 1-year volatility. There are 56 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.76%.

Symbol	Name	Volatility 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.76%	224.00M	Sep 2024	HYLD-U.TO vs HBIL.TO
HBIL-U.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...	1.91%	—	Sep 2024	HYLD-U.TO vs HBIL-U.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	4.75%	259.21M	Jan 2024	HYLD-U.TO vs HPYM.TO
FCMI.TO	Fidelity Canadian Monthly High Income ETF	6.39%	—	Jan 2020	HYLD-U.TO vs FCMI.TO
ZPH.TO	BMO US Put Write Hedged to CAD ETF	6.55%	35.29M	Feb 2017	HYLD-U.TO vs ZPH.TO

Lowest Drawdown Alternatives to HYLD-U.TO

HYLD-U.TO has a 1-year max drawdown of -11.99%. There are 53 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%	224.00M	Sep 2024	HYLD-U.TO vs HBIL.TO
HBIL-U.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...	-1.07%	—	Sep 2024	HYLD-U.TO vs HBIL-U.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	-3.09%	180.28M	Jun 2022	HYLD-U.TO vs HLIF.TO
FCMI.TO	Fidelity Canadian Monthly High Income ETF	-3.62%	—	Jan 2020	HYLD-U.TO vs FCMI.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	-3.87%	259.21M	Jan 2024	HYLD-U.TO vs HPYM.TO

Other ETFs from Hamilton

The 10 most viewed Hamilton ETFs shown here include HCA.TO, HEB.TO, LMAX.TO and span 7 categories. AUM among these funds goes as high as $1B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	Canada Equities	98	37.85%	107.00M	Jun 2020	HYLD-U.TO vs HCA.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	Financials Equities	98	36.41%	1.44B	Apr 2023	HYLD-U.TO vs HEB.TO
LMAX.TO	Hamilton Healthcare Yield Maximizer ETF	Health & Biotech Equities	31	2.13%	219.20M	Feb 2024	HYLD-U.TO vs LMAX.TO
QMVP.TO	Hamilton Champions U.S. Technology Index ETF	Technology Equities	—	—	349.70M	Jan 2026	HYLD-U.TO vs QMVP.TO
CWIN.TO	HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ...	Dividend	95	21.69%	—	Jan 2025	HYLD-U.TO vs CWIN.TO
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	54	5.73%	—	Apr 2025	HYLD-U.TO vs MIX.TO
HBA.TO	Hamilton Australian Bank Equal-Weight Index ETF	Financials Equities	20	4.47%	135.50M	Jun 2020	HYLD-U.TO vs HBA.TO
FMAX.TO	Hamilton U.S. Financials Yield Maximizer ETF	Financials Equities	18	1.74%	193.20M	Feb 2024	HYLD-U.TO vs FMAX.TO
HUTS.TO	Hamilton Enhanced Utilities ETF	Utilities Equities	90	17.34%	235.60M	Sep 2022	HYLD-U.TO vs HUTS.TO
UMVP.TO	Hamilton Champions Utilities Index ETF	Utilities Equities	—	—	300.40M	Jan 2026	HYLD-U.TO vs UMVP.TO

Often Compared With HYLD-U.TO

Investors most often compare HYLD-U.TO with USCL.TO, CRCY.TO, UTES.TO. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	83	14.21%	250.73M	Jul 2023	HYLD-U.TO vs USCL.TO
CRCY.TO	Harvest Circle Enhanced High Income Shares ETF Cla...	Derivative Income	—	-28.28%	—	Sep 2025	HYLD-U.TO vs CRCY.TO
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	77	13.10%	431.22M	Sep 2024	HYLD-U.TO vs UTES.TO
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	Energy Equities, Derivative Income	65	26.21%	494.30M	Feb 2024	HYLD-U.TO vs EMAX.TO
YCST.NEO	Costco (COST) Yield Shares Purpose ETF	Derivative Income	7	7.13%	—	Feb 2025	HYLD-U.TO vs YCST.NEO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	Derivative Income	97	26.05%	400.33M	May 2011	HYLD-U.TO vs BKCC.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	Derivative Income	15	-1.33%	360.54M	May 2024	HYLD-U.TO vs HPYT.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	96	14.98%	2.41B	Feb 2017	HYLD-U.TO vs ZWC.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	Derivative Income, Utilities Equities	57	12.56%	103.07M	Oct 2022	HYLD-U.TO vs HUTE.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	Derivative Income, Utilities Equities	73	10.07%	1.41B	Jun 2023	HYLD-U.TO vs UMAX.TO
GOGY.TO	Harvest Alphabet Enhanced High Income Shares ETF C...	Derivative Income	95	20.79%	—	Mar 2025	HYLD-U.TO vs GOGY.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	19.95%	1.74B	Jul 2021	HYLD-U.TO vs HDIV.TO
DXQ.TO	Dynamic Active Enhanced Yield Covered Options ETF	Derivative Income	68	8.37%	—	Sep 2022	HYLD-U.TO vs DXQ.TO
CNQE.TO	Harvest CNQ Enhanced High Income Shares ETF	Derivative Income	—	26.68%	—	Aug 2025	HYLD-U.TO vs CNQE.TO
VOO	Vanguard S&P 500 ETF	S&P 500	70	11.30%	1.70T	Sep 2010	HYLD-U.TO vs VOO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	79	13.67%	34.09B	Nov 2012	HYLD-U.TO vs VFV.TO
AVGY.TO	Harvest Broadcom Enhanced High Income Shares ETF -...	Derivative Income	38	20.39%	—	Mar 2025	HYLD-U.TO vs AVGY.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	89	27.77%	714.60M	Apr 2011	HYLD-U.TO vs ENCC.TO
ZWU.TO	BMO Covered Call Utilities ETF	Utilities Equities, Derivative Income	71	11.26%	2.21B	Oct 2011	HYLD-U.TO vs ZWU.TO
GLCC.TO	Global X Gold Producer Equity Covered Call ETF	Derivative Income, Gold, Precious Metals	30	-11.57%	574.94M	Apr 2011	HYLD-U.TO vs GLCC.TO

Compare HYLD-U.TO with Any Fund or Stock

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

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Diversifiers

Pair HYLD-U.TO with funds that move differently

Hamilton Enhanced U.S. Covered Call ETF (USD) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HYLD-U.TO.

Explore HYLD-U.TO Diversifiers

Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO) Alternatives