PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

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

ETF · Currency in CAD · Last updated Aug 5, 2026

The fund aims to provide attractive monthly income and long-term capital appreciation through a diversified portfolio of primarily covered call ETFs, focusing on the U.S. market. It utilizes modest cash leverage to enhance yield and growth potential.

Hamilton Enhanced U.S. Covered Call ETF (HYLD.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.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.TO

HYLD.TO charges 2.37% annually. There are 122 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.21%.

SymbolNameExpense RatioAUMInception
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETF0.21%63.79MAug 2024HYLD.TO vs QQCI.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025HYLD.TO vs ECHI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%169.56MNov 2025HYLD.TO vs EQLI.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024HYLD.TO vs JEPI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024HYLD.TO vs JEPQ.TO

Best Risk-Adjusted Alternatives to HYLD.TO

HYLD.TO has a PortfoliosLab risk / return rank of 77. There are 40 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
195.83MJun 2022HYLD.TO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
98
—Feb 2022HYLD.TO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
98
1.33BFeb 2022HYLD.TO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
97
4.77BJan 2011HYLD.TO vs ZWB.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...
97
405.23MMay 2011HYLD.TO vs BKCC.TO

Top Performing HYLD.TO Alternatives (YTD)

HYLD.TO is at 16.59% YTD. There are 44 ETFs in the Derivative Income category with higher YTD returns, going as high as 44.89%.

SymbolNameYTD ReturnAUMInception
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
44.89%
—Feb 2025HYLD.TO vs YAVG.NEO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
44.76%
—Feb 2022HYLD.TO vs CBNK.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETF
37.43%
—Aug 2025HYLD.TO vs CNQE.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
36.74%
295.63MOct 2023HYLD.TO vs ENCL.TO
HPF.TO
Harvest Energy Leaders Income ETF – Class A Units
34.39%
69.39MOct 2014HYLD.TO vs HPF.TO

Lowest Volatility Alternatives to HYLD.TO

HYLD.TO has 17.79% 1-year volatility. There are 68 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.78%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.78%214.20MSep 2024HYLD.TO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...1.98%152.80MSep 2024HYLD.TO vs HBIL-U.TO
PYF.TO
Purpose Premium Yield Fund Series ETF3.28%682.20MNov 2018HYLD.TO vs PYF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.65%249.28MJan 2024HYLD.TO vs HPYM.TO
PINC.TO
Purpose Multi-Asset Income Fund6.34%108.20MApr 2018HYLD.TO vs PINC.TO

Lowest Drawdown Alternatives to HYLD.TO

HYLD.TO has a 1-year max drawdown of -12.01%. There are 63 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%
214.20MSep 2024HYLD.TO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...
-1.32%
152.80MSep 2024HYLD.TO vs HBIL-U.TO
PYF.TO
Purpose Premium Yield Fund Series ETF
-2.11%
682.20MNov 2018HYLD.TO vs PYF.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
195.83MJun 2022HYLD.TO vs HLIF.TO
PINC.TO
Purpose Multi-Asset Income Fund
-3.59%
108.20MApr 2018HYLD.TO vs PINC.TO

Other ETFs from Hamilton

The 10 most viewed Hamilton ETFs shown here include HDIV.TO, HMAX.TO, HCAL.TO and span 8 categories. AUM among these funds goes as high as $3B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
95
20.75%
1.79BJul 2021HYLD.TO vs HDIV.TO
HMAX.TO
Hamilton Canadian Financials Yield Maximizer ETFDerivative Income
97
20.10%
2.58BJan 2023HYLD.TO vs HMAX.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETFFinancials Equities, Canada Equities, Leveraged Equities
98
40.83%
1.09BOct 2020HYLD.TO vs HCAL.TO
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETFDerivative Income
62
30.22%
—Jul 2025HYLD.TO vs QDAY.NEO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETFDerivative Income, Utilities Equities
69
8.91%
1.45BJun 2023HYLD.TO vs UMAX.TO
CDAY.NEO
Hamilton Enhanced Canadian Equity DayMAX ETFDerivative Income, Canada Equities
92
18.17%
242.10MJul 2025HYLD.TO vs CDAY.NEO
QMAX.TO
Hamilton Technology YIELD MAXIMIZER ETFTechnology Equities, Derivative Income
42
20.82%
936.10MOct 2023HYLD.TO vs QMAX.TO
CMVP.TO
HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...Canada Equities
95
18.41%
—Jan 2025HYLD.TO vs CMVP.TO
SDAY.NEO
Hamilton Enhanced U.S. Equity DayMAX™ ETFDerivative Income
77
18.92%
0.00Jul 2025HYLD.TO vs SDAY.NEO
AMAX.TO
Hamilton Gold Producer YIELD MAXIMIZER ETFGold, Derivative Income, Precious Metals
29
-9.75%
481.30MFeb 2024HYLD.TO vs AMAX.TO

Often Compared With HYLD.TO

Investors most often compare HYLD.TO with VFV.TO, USCL.TO, XYLD. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
83
16.57%
34.09BNov 2012HYLD.TO vs VFV.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
86
16.88%
244.05MJul 2023HYLD.TO vs USCL.TO
XYLD
Global X S&P 500 Covered Call ETFDerivative Income, S&P 500
92
8.89%
3.24BJun 2013HYLD.TO vs XYLD
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
89
16.44%
20.80BAug 2019HYLD.TO vs XEQT.TO
HDIF.TO
Harvest Diversified Monthly Income ETF - Class A U...Derivative Income
85
16.20%
554.44MFeb 2022HYLD.TO vs HDIF.TO
ZSP.TO
BMO S&P 500 Index ETFS&P 500
83
16.41%
24.00BNov 2012HYLD.TO vs ZSP.TO
SMAX.TO
Hamilton U.S. Equity YIELD MAXIMIZER ETFDerivative Income
92
19.34%
1.08BOct 2023HYLD.TO vs SMAX.TO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
66
20.90%
3.73BMay 2021HYLD.TO vs QQC.TO
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
68
19.51%
353.68MOct 2023HYLD.TO vs QQCL.TO
EQCL.TO
Global X Enhanced All-Equity Asset Allocation Cove...Derivative Income
88
17.89%
66.89MOct 2023HYLD.TO vs EQCL.TO
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
25
8.57%
1.82BJan 2025HYLD.TO vs HHIS.TO
XQLT.TO
iShares MSCI USA Quality Factor Index ETFQuality Factor, Large Cap Growth Equities
82
16.35%
256.29MSep 2019HYLD.TO vs XQLT.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
99
28.23%
8.59BNov 2012HYLD.TO vs VDY.TO
AMAX
RH Hedged Multi-Asset Income ETFNontraditional Bonds
22
1.82%
36.36MOct 2009HYLD.TO vs AMAX
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
89
29.35%
784.46MApr 2011HYLD.TO vs ENCC.TO
CANY.TO
Evolve Canadian Equity UltraYield ETFDerivative Income, Canada Equities—
15.18%
—Sep 2025HYLD.TO vs CANY.TO
BIGY.TO
Evolve US Equity UltraYield ETFDerivative Income—
-10.69%
—Sep 2025HYLD.TO vs BIGY.TO
XWD.TO
iShares MSCI World Index ETFGlobal Equities
86
15.99%
1.72BJun 2009HYLD.TO vs XWD.TO
SYLD.TO
Purpose Strategic Yield FundHigh Yield Bonds, Corporate Bonds
96
3.57%
541.50MApr 2018HYLD.TO vs SYLD.TO
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index FundNasdaq-100, Derivative Income
59
17.98%
128.60MOct 2025HYLD.TO vs QQQY.TO

Compare HYLD.TO with Any Fund or Stock

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

 

Diversifiers

Pair HYLD.TO with funds that move differently

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

Explore HYLD.TO Diversifiers