ATD.TO vs. HYLD.TO
ATD.TO (Alimentation Couche-Tard Inc.) is a stock, while HYLD.TO (Hamilton Enhanced U.S. Covered Call ETF) is Derivative Income fund actively managed by Hamilton Capital. Over the past 3 years, ATD.TO returned 11.66%/yr vs 21.18%/yr for HYLD.TO. At a 0.27 correlation, their price movements are largely independent.
Performance
ATD.TO vs. HYLD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ATD.TO achieves a 22.03% return, which is significantly higher than HYLD.TO's 12.10% return.
ATD.TO
- 1D
- 0.66%
- 1M
- 9.09%
- 6M
- 23.94%
- YTD
- 22.03%
- 1Y
- 24.29%
- 3Y*
- 11.66%
- 5Y*
- 13.98%
- 10Y*
- 12.96%
HYLD.TO
- 1D
- -1.33%
- 1M
- -1.46%
- 6M
- 10.83%
- YTD
- 12.10%
- 1Y
- 27.99%
- 3Y*
- 21.18%
- 5Y*
- —
- 10Y*
- —
ATD.TO vs. HYLD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ATD.TO Alimentation Couche-Tard Inc. | 22.03% | -4.91% | 3.11% | 32.26% | 11.28% |
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 12.10% | 22.14% | 25.39% | 19.01% | -18.00% |
Correlation
The correlation between ATD.TO and HYLD.TO is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022 | 0.27 |
Over the past year, the correlation between ATD.TO and HYLD.TO has dropped to 0.07 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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Return for Risk
ATD.TO vs. HYLD.TO — Risk / Return Rank
ATD.TO
HYLD.TO
ATD.TO vs. HYLD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alimentation Couche-Tard Inc. (ATD.TO) and Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ATD.TO | HYLD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.30 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.34 | -0.09 |
| Martin ratioReturn relative to average drawdown | 4.22 | 9.94 | -5.72 |
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Drawdowns
ATD.TO vs. HYLD.TO - Drawdown Comparison
The maximum ATD.TO drawdown since its inception was -61.10%, which is greater than HYLD.TO's maximum drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for ATD.TO and HYLD.TO.
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Drawdown Indicators
| ATD.TO | HYLD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.10% | -31.38% | -29.72% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -12.01% | +1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -22.16% | -21.83% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -22.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.61% | — | — |
Current DrawdownCurrent decline from peak | -2.71% | -3.84% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -10.38% | -8.70% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.77% | 2.82% | +2.95% |
Volatility
ATD.TO vs. HYLD.TO - Volatility Comparison
Alimentation Couche-Tard Inc. (ATD.TO) has a higher volatility of 12.60% compared to Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) at 4.49%. This indicates that ATD.TO's price experiences larger fluctuations and is considered to be riskier than HYLD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATD.TO | HYLD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.60% | 4.49% | +8.11% |
Volatility (6M)Calculated over the trailing 6-month period | 21.34% | 13.95% | +7.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.16% | 16.68% | +11.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.09% | 19.28% | +4.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.75% | 19.28% | +5.47% |
Dividends
ATD.TO vs. HYLD.TO - Dividend Comparison
ATD.TO's dividend yield for the trailing twelve months is around 0.92%, less than HYLD.TO's 11.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATD.TO Alimentation Couche-Tard Inc. | 0.92% | 1.07% | 0.90% | 0.76% | 0.79% | 0.70% | 0.69% | 1.06% | 1.15% | 1.09% | 1.00% | 0.72% |
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 11.82% | 11.98% | 12.13% | 12.11% | 13.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ATD.TO and HYLD.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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