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

ETF · Currency in CAD · Last updated Jul 15, 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 81 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.29%.

SymbolNameExpense RatioAUMInception
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
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024HYLD.TO vs JEPQ.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024HYLD.TO vs JEPI.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%224.00MSep 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
180.28MJun 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
1.26BFeb 2022HYLD.TO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
98
4.84BJan 2011HYLD.TO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
198.10MJul 2023HYLD.TO vs BKCL.TO

Top Performing HYLD.TO Alternatives (YTD)

HYLD.TO is at 15.42% YTD. There are 32 ETFs in the Derivative Income category with higher YTD returns, going as high as 47.03%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
47.03%
—Feb 2022HYLD.TO vs CBNK.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
35.01%
271.10MOct 2023HYLD.TO vs ENCL.TO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
32.14%
—Feb 2025HYLD.TO vs YAVG.NEO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
31.92%
1.26BFeb 2022HYLD.TO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
30.90%
198.10MJul 2023HYLD.TO vs BKCL.TO

Lowest Volatility Alternatives to HYLD.TO

HYLD.TO has 16.58% 1-year volatility. There are 49 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.76%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.76%224.00MSep 2024HYLD.TO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.74%259.21MJan 2024HYLD.TO vs HPYM.TO
ZPH.TO
BMO US Put Write Hedged to CAD ETF6.53%35.29MFeb 2017HYLD.TO vs ZPH.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A7.05%180.28MJun 2022HYLD.TO vs HLIF.TO
ZPW.TO
BMO US Put Write ETF7.32%105.45MSep 2015HYLD.TO vs ZPW.TO

Lowest Drawdown Alternatives to HYLD.TO

HYLD.TO has a 1-year max drawdown of -12.01%. There are 50 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%
224.00MSep 2024HYLD.TO vs HBIL.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
180.28MJun 2022HYLD.TO vs HLIF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
259.21MJan 2024HYLD.TO vs HPYM.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.21BOct 2011HYLD.TO vs ZWU.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF
-5.11%
1.41BJun 2023HYLD.TO vs UMAX.TO

Other ETFs from Hamilton Capital

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

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HMAX.TO
Hamilton Canadian Financials Yield Maximizer ETFDerivative Income
96
20.57%
2.53BJan 2023HYLD.TO vs HMAX.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETFFinancials Equities, Canada Equities, Leveraged Equities
98
43.53%
1.09BOct 2020HYLD.TO vs HCAL.TO
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETFDerivative Income
66
29.09%
—Jul 2025HYLD.TO vs QDAY.NEO
CDAY.NEO
Hamilton Enhanced Canadian Equity DayMAX ETFDerivative Income, Canada Equities—
19.06%
242.10MJul 2025HYLD.TO vs CDAY.NEO
QMAX.TO
Hamilton Technology YIELD MAXIMIZER ETFTechnology Equities, Derivative Income
44
20.32%
991.10MOct 2023HYLD.TO vs QMAX.TO
AMAX.TO
Hamilton Gold Producer YIELD MAXIMIZER ETFGold, Derivative Income, Precious Metals
25
-12.33%
468.60MFeb 2024HYLD.TO vs AMAX.TO
CMVP.TO
HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...Canada Equities
94
17.77%
—Jan 2025HYLD.TO vs CMVP.TO
SDAY.NEO
Hamilton Enhanced U.S. Equity DayMAX™ ETFDerivative Income
64
14.84%
0.00Jul 2025HYLD.TO vs SDAY.NEO
SMAX.TO
Hamilton U.S. Equity YIELD MAXIMIZER ETFDerivative Income
92
18.06%
1.10BOct 2023HYLD.TO vs SMAX.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
64
27.45%
494.30MFeb 2024HYLD.TO vs EMAX.TO

Often Compared With HYLD.TO

Investors most often compare HYLD.TO with HDIV.TO, VFV.TO, USCL.TO. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
95
19.65%
1.74BJul 2021HYLD.TO vs HDIV.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
78
13.57%
34.09BNov 2012HYLD.TO vs VFV.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
83
14.16%
250.73MJul 2023HYLD.TO vs USCL.TO
XYLD
Global X S&P 500 Covered Call ETFDerivative Income, S&P 500
90
7.16%
3.22BJun 2013HYLD.TO vs XYLD
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
85
13.88%
20.34BAug 2019HYLD.TO vs XEQT.TO
HDIF.TO
Harvest Diversified Monthly Income ETF - Class A U...Derivative Income
73
13.08%
555.21MFeb 2022HYLD.TO vs HDIF.TO
ZSP.TO
BMO S&P 500 Index ETFS&P 500
77
13.48%
24.35BNov 2012HYLD.TO vs ZSP.TO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
68
20.27%
3.73BMay 2021HYLD.TO vs QQC.TO
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
77
20.19%
370.02MOct 2023HYLD.TO vs QQCL.TO
EQCL.TO
Global X Enhanced All-Equity Asset Allocation Cove...Derivative Income
85
15.35%
66.30MOct 2023HYLD.TO vs EQCL.TO
XQLT.TO
iShares MSCI USA Quality Factor Index ETFLarge Cap Growth Equities
74
13.40%
258.47MSep 2019HYLD.TO vs XQLT.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
99
28.26%
8.59BNov 2012HYLD.TO vs VDY.TO
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
22
8.76%
1.87BJan 2025HYLD.TO vs HHIS.TO
AMAX
RH Hedged Multi-Asset Income ETFNontraditional Bonds
18
1.08%
36.36MOct 2009HYLD.TO vs AMAX
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
89
27.97%
714.60MApr 2011HYLD.TO vs ENCC.TO
CANY.TO
Evolve Canadian Equity UltraYield ETFDerivative Income, Canada Equities—
14.73%
—Sep 2025HYLD.TO vs CANY.TO
BIGY.TO
Evolve US Equity UltraYield ETFDerivative Income—
-11.40%
—Sep 2025HYLD.TO vs BIGY.TO
XWD.TO
iShares MSCI World Index ETFGlobal Equities
80
13.18%
1.74BJun 2009HYLD.TO vs XWD.TO
SYLD.TO
Purpose Strategic Yield Fund
96
3.22%
521.60M—HYLD.TO vs SYLD.TO
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index FundNasdaq-100, Derivative Income
61
16.53%
135.03MOct 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