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

ETF · Currency in CAD · Last updated Jun 25, 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 76 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%250.98MJul 2023HYLD.TO vs USCL.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%155.19MNov 2025HYLD.TO vs EQLI.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025HYLD.TO vs ECHI.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%227.30MSep 2024HYLD.TO vs HBIL.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024HYLD.TO vs JEPI.TO

Best Risk-Adjusted Alternatives to HYLD.TO

HYLD.TO has a PortfoliosLab risk / return rank of 64. There are 34 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
98
—Feb 2022HYLD.TO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
97
1.16BFeb 2022HYLD.TO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
97
4.65BJan 2011HYLD.TO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
197.22MJul 2023HYLD.TO vs BKCL.TO

Top Performing HYLD.TO Alternatives (YTD)

HYLD.TO is at 12.12% YTD. There are 42 ETFs in the Derivative Income category with higher YTD returns, going as high as 41.08%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
41.08%
—Feb 2022HYLD.TO vs CBNK.TO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
28.21%
—Feb 2025HYLD.TO vs YAVG.NEO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
27.83%
267.19MOct 2023HYLD.TO vs ENCL.TO
EMCL.NEO
Global X Enhanced MSCI Emerging Markets Covered Ca...
26.93%
7.51MMay 2024HYLD.TO vs EMCL.NEO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
26.80%
1.16BFeb 2022HYLD.TO vs BANK.TO

Lowest Volatility Alternatives to HYLD.TO

HYLD.TO has 16.45% 1-year volatility. There are 43 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.62%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.62%227.30MSep 2024HYLD.TO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.67%230.93MJan 2024HYLD.TO vs HPYM.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF6.87%1.36BJun 2023HYLD.TO vs UMAX.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A7.00%—Jun 2022HYLD.TO vs HLIF.TO
ZWU.TO
BMO Covered Call Utilities ETF7.67%2.20BOct 2011HYLD.TO vs ZWU.TO

Lowest Drawdown Alternatives to HYLD.TO

HYLD.TO has a 1-year max drawdown of -12.01%. There are 43 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%
227.30MSep 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...
-3.87%
230.93MJan 2024HYLD.TO vs HPYM.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.20BOct 2011HYLD.TO vs ZWU.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF
-5.11%
1.36BJun 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 $2B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HMAX.TO
Hamilton Canadian Financials Yield Maximizer ETFDerivative Income
95
17.37%
2.47BJan 2023HYLD.TO vs HMAX.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETFFinancials Equities, Canada Equities, Leveraged Equities
98
37.50%
1.06BOct 2020HYLD.TO vs HCAL.TO
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETFDerivative Income—
25.90%
—Jul 2025HYLD.TO vs QDAY.NEO
QMAX.TO
Hamilton Technology YIELD MAXIMIZER ETFTechnology Equities, Derivative Income
43
19.39%
1.01BOct 2023HYLD.TO vs QMAX.TO
CDAY.NEO
Hamilton Enhanced Canadian Equity DayMAX ETFDerivative Income, Canada Equities—
17.52%
242.10MJul 2025HYLD.TO vs CDAY.NEO
AMAX.TO
Hamilton Gold Producer YIELD MAXIMIZER ETFGold, Derivative Income, Precious Metals
24
-11.29%
504.60MFeb 2024HYLD.TO vs AMAX.TO
SDAY.NEO
Hamilton Enhanced U.S. Equity DayMAX™ ETFDerivative Income—
14.97%
—Jul 2025HYLD.TO vs SDAY.NEO
CMVP.TO
HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...Canada Equities
92
16.45%
—Jan 2025HYLD.TO vs CMVP.TO
SMAX.TO
Hamilton U.S. Equity YIELD MAXIMIZER ETFDerivative Income
89
16.32%
1.09BOct 2023HYLD.TO vs SMAX.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
53
20.41%
467.50MFeb 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
93
16.92%
1.70BJul 2021HYLD.TO vs HDIV.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
74
11.92%
32.85BNov 2012HYLD.TO vs VFV.TO
XYLD
Global X S&P 500 Covered Call ETFDerivative Income, S&P 500
80
4.51%
3.19BJun 2013HYLD.TO vs XYLD
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
81
12.77%
19.56BAug 2019HYLD.TO vs XEQT.TO
HDIF.TO
Harvest Diversified Monthly Income ETF - Class A U...Derivative Income
67
10.95%
532.64MFeb 2022HYLD.TO vs HDIF.TO
ZSP.TO
BMO S&P 500 Index ETFS&P 500
73
11.92%
24.23BNov 2012HYLD.TO vs ZSP.TO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
69
20.02%
1.96BMay 2021HYLD.TO vs QQC.TO
EQCL.TO
Global X Enhanced All-Equity Asset Allocation Cove...Derivative Income
81
14.10%
65.22MOct 2023HYLD.TO vs EQCL.TO
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
76
19.56%
379.27MOct 2023HYLD.TO vs QQCL.TO
XQLT.TO
iShares MSCI USA Quality Factor Index ETFLarge Cap Growth Equities
70
11.63%
254.02MSep 2019HYLD.TO vs XQLT.TO
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
19
2.57%
1.74BJan 2025HYLD.TO vs HHIS.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
98
23.93%
7.99BNov 2012HYLD.TO vs VDY.TO
AMAX
RH Hedged Multi-Asset Income ETFNontraditional Bonds
18
-0.35%
36.36MOct 2009HYLD.TO vs AMAX
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
78
22.25%
708.27MApr 2011HYLD.TO vs ENCC.TO
CANY.TO
Evolve Canadian Equity UltraYield ETFDerivative Income, Canada Equities—
11.81%
—Sep 2025HYLD.TO vs CANY.TO
BIGY.TO
Evolve US Equity UltraYield ETFLarge Cap Blend Equities—
-14.53%
—Sep 2025HYLD.TO vs BIGY.TO
XWD.TO
iShares MSCI World Index ETFGlobal Equities
74
11.66%
1.73BJun 2009HYLD.TO vs XWD.TO
SYLD.TO
Purpose Strategic Yield Fund
95
3.34%
512.00M—HYLD.TO vs SYLD.TO
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index FundNasdaq-100, Derivative Income
59
13.63%
133.42MOct 2025HYLD.TO vs QQQY.TO
PDIV.TO
Purpose Enhanced Dividend Fund ETFDividend
87
7.79%
223.90MJan 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