BAM.TO vs. HYLD.TO
BAM.TO (Brookfield Asset Management Ltd) 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, BAM.TO returned 19.25%/yr vs 23.77%/yr for HYLD.TO. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
BAM.TO vs. HYLD.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BAM.TO achieves a -7.84% return, which is significantly lower than HYLD.TO's 15.59% return.
BAM.TO
- 1D
- 3.28%
- 1M
- -1.16%
- YTD
- -7.84%
- 6M
- -10.06%
- 1Y
- -13.01%
- 3Y*
- 19.25%
- 5Y*
- —
- 10Y*
- —
HYLD.TO
- 1D
- -0.12%
- 1M
- 8.11%
- YTD
- 15.59%
- 6M
- 15.44%
- 1Y
- 39.58%
- 3Y*
- 23.77%
- 5Y*
- —
- 10Y*
- —
BAM.TO vs. HYLD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BAM.TO Brookfield Asset Management Ltd | -7.84% | -4.84% | 51.69% | 42.59% | -12.88% |
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 15.59% | 22.14% | 25.39% | 19.01% | -3.85% |
Correlation
The correlation between BAM.TO and HYLD.TO is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2022 | 0.54 |
The correlation between BAM.TO and HYLD.TO has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BAM.TO vs. HYLD.TO — Risk / Return Rank
BAM.TO
HYLD.TO
BAM.TO vs. HYLD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Asset Management Ltd (BAM.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.
| BAM.TO | HYLD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.05 | ||
| Sortino ratioReturn per unit of downside risk | -3.96 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.47 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 3.30 | -3.74 |
| Martin ratioReturn relative to average drawdown | -0.82 | 14.59 | -15.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BAM.TO | HYLD.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.45 | 2.60 | -3.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.69 | -0.17 |
Drawdowns
BAM.TO vs. HYLD.TO - Drawdown Comparison
The maximum BAM.TO drawdown since its inception was -30.79%, roughly equal to the maximum HYLD.TO drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for BAM.TO and HYLD.TO.
Loading charts...
Drawdown Indicators
| BAM.TO | HYLD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.79% | -31.38% | +0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -30.31% | -12.04% | -18.27% |
Max Drawdown (3Y)Largest decline over 3 years | -30.79% | -21.83% | -8.96% |
Current DrawdownCurrent decline from peak | -22.75% | -0.12% | -22.63% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -8.90% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.98% | 2.72% | +13.26% |
Volatility
BAM.TO vs. HYLD.TO - Volatility Comparison
Brookfield Asset Management Ltd (BAM.TO) has a higher volatility of 9.18% compared to Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) at 4.51%. This indicates that BAM.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.
Loading charts...
Volatility by Period
| BAM.TO | HYLD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.18% | 4.51% | +4.67% |
Volatility (6M)Calculated over the trailing 6-month period | 21.81% | 12.17% | +9.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.98% | 15.31% | +13.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.92% | 19.21% | +10.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.92% | 19.21% | +10.71% |
Dividends
BAM.TO vs. HYLD.TO - Dividend Comparison
BAM.TO's dividend yield for the trailing twelve months is around 4.00%, less than HYLD.TO's 11.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BAM.TO Brookfield Asset Management Ltd | 4.00% | 3.41% | 2.67% | 3.24% | 0.00% |
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 11.25% | 11.98% | 12.13% | 12.11% | 13.02% |
Frequently Asked Questions
BAM.TO and HYLD.TO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for BAM.TO and HYLD.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer