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

ETF · Currency in CAD · Last updated Jun 4, 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 74 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.04%.

SymbolNameExpense RatioAUMInception
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF0.04%249.48MJul 2023HYLD.TO vs USCL.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%155.19MNov 2025HYLD.TO vs EQLI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024HYLD.TO vs JEPQ.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%235.30MSep 2024HYLD.TO vs HBIL.TO

Best Risk-Adjusted Alternatives to HYLD.TO

HYLD.TO has a PortfoliosLab risk / return rank of 75. There are 29 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 2022HYLD.TO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
96
—Feb 2022HYLD.TO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
96
1.08BFeb 2022HYLD.TO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
95
187.53MJul 2023HYLD.TO vs BKCL.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...
94
370.01MMay 2011HYLD.TO vs BKCC.TO

Top Performing HYLD.TO Alternatives (YTD)

HYLD.TO is at 15.73% YTD. There are 25 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 2025HYLD.TO vs YAVG.NEO
AVGY.TO
Harvest Broadcom Enhanced High Income Shares ETF -...
42.92%
—Mar 2025HYLD.TO vs AVGY.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETF
39.35%
—Aug 2025HYLD.TO vs CNQE.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
36.58%
286.32MOct 2023HYLD.TO vs ENCL.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...
32.43%
116.31MFeb 2015HYLD.TO vs NXF.TO

Lowest Volatility Alternatives to HYLD.TO

HYLD.TO has 15.31% 1-year volatility. There are 43 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 2024HYLD.TO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.53%226.83MJan 2024HYLD.TO vs HPYM.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF6.65%1.34BJun 2023HYLD.TO vs UMAX.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A6.85%—Jun 2022HYLD.TO vs HLIF.TO
ZWU.TO
BMO Covered Call Utilities ETF7.59%2.17BOct 2011HYLD.TO vs ZWU.TO

Lowest Drawdown Alternatives to HYLD.TO

HYLD.TO has a 1-year max drawdown of -12.04%. There are 42 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 2024HYLD.TO vs HBIL.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
—Jun 2022HYLD.TO vs HLIF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.85%
226.83MJan 2024HYLD.TO vs HPYM.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...
-4.57%
97.17MOct 2022HYLD.TO vs HUTE.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.17BOct 2011HYLD.TO vs ZWU.TO

Other ETFs from Hamilton Capital

The 10 most viewed Hamilton Capital ETFs shown here include HMAX.TO, HCAL.TO, QMAX.TO and span 6 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 2023HYLD.TO vs HMAX.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETFLeveraged Equities
96
23.54%
959.30MOct 2020HYLD.TO vs HCAL.TO
QMAX.TO
Hamilton Technology YIELD MAXIMIZER ETFTechnology Equities, Derivative Income
52
22.06%
973.00MOct 2023HYLD.TO vs QMAX.TO
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETFDerivative Income—
31.76%
—Jul 2025HYLD.TO vs QDAY.NEO
CDAY.NEO
Hamilton Enhanced Canadian Equity DayMAX ETFDerivative Income, Canada Equities—
13.70%
242.10MJul 2025HYLD.TO vs CDAY.NEO
AMAX.TO
Hamilton Gold Producer YIELD MAXIMIZER ETFGold, Derivative Income
32
-1.05%
519.30MFeb 2024HYLD.TO vs AMAX.TO
SDAY.NEO
Hamilton Enhanced U.S. Equity DayMAX™ ETFDerivative Income—
9.14%
—Jul 2025HYLD.TO vs SDAY.NEO
CMVP.TO
HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...Canada Equities
79
11.91%
—Jan 2025HYLD.TO vs CMVP.TO
SMAX.TO
Hamilton U.S. Equity YIELD MAXIMIZER ETFDerivative Income
94
18.79%
1.07BOct 2023HYLD.TO vs SMAX.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
70
30.76%
476.70MFeb 2024HYLD.TO vs EMAX.TO

Often Compared With HYLD.TO

Investors most often compare HYLD.TO with HDIV.TO, VFV.TO, XYLD. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
92
16.21%
1.63BJul 2021HYLD.TO vs HDIV.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
74
12.30%
32.85BNov 2012HYLD.TO vs VFV.TO
XYLD
Global X S&P 500 Covered Call ETFDerivative Income, S&P 500
82
4.96%
3.17BJun 2013HYLD.TO vs XYLD
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
75
12.29%
18.41BAug 2019HYLD.TO vs XEQT.TO
HDIF.TO
Harvest Diversified Monthly Income ETF - Class A U...Derivative Income
68
11.54%
536.54MFeb 2022HYLD.TO vs HDIF.TO
ZSP.TO
BMO S&P 500 Index ETFS&P 500
72
12.15%
23.82BNov 2012HYLD.TO vs ZSP.TO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
76
22.65%
1.96BMay 2021HYLD.TO vs QQC.TO
EQCL.TO
Global X Enhanced All-Equity Asset Allocation Cove...Derivative Income
78
12.75%
62.65MOct 2023HYLD.TO vs EQCL.TO
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
81
20.85%
364.56MOct 2023HYLD.TO vs QQCL.TO
XQLT.TO
iShares MSCI USA Quality Factor Index ETFLarge Cap Growth Equities
57
10.01%
244.34MSep 2019HYLD.TO vs XQLT.TO
AMAX
RH Hedged Multi-Asset Income ETFNontraditional Bonds
30
3.91%
36.36MOct 2009HYLD.TO vs AMAX
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
32
9.32%
1.82BJan 2025HYLD.TO vs HHIS.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
98
20.59%
7.99BNov 2012HYLD.TO vs VDY.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
85
29.01%
759.08MApr 2011HYLD.TO vs ENCC.TO
CANY.TO
Evolve Canadian Equity UltraYield ETFDerivative Income, Canada Equities—
10.38%
—Sep 2025HYLD.TO vs CANY.TO
XWD.TO
iShares MSCI World Index ETFGlobal Equities
71
11.42%
1.67BJun 2009HYLD.TO vs XWD.TO
BIGY.TO
Evolve US Equity UltraYield ETFLarge Cap Blend Equities—
-3.71%
—Sep 2025HYLD.TO vs BIGY.TO
SYLD.TO
Purpose Strategic Yield Fund
95
3.34%
500.10M—HYLD.TO vs SYLD.TO
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index FundNasdaq-100, Derivative Income
77
20.66%
135.24MOct 2025HYLD.TO vs QQQY.TO
PDIV.TO
Purpose Enhanced Dividend Fund ETFDividend
82
7.12%
212.60MJan 2018HYLD.TO vs PDIV.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