CIC.TO vs. HBA.TO
Compare and contrast key facts about CI Canadian Banks Covered Call Income Class ETF (CIC.TO) and Hamilton Australian Bank Equal-Weight Index ETF (HBA.TO).
CIC.TO and HBA.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CIC.TO is an actively managed fund by CI. It was launched on Aug 18, 2010. HBA.TO is a passively managed fund by Hamilton that tracks the performance of the Solactive Australian Bank Equal-Weight Index. It was launched on Jun 26, 2020.
Performance
CIC.TO vs. HBA.TO - Performance Comparison
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CIC.TO vs. HBA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CIC.TO CI Canadian Banks Covered Call Income Class ETF | 1.51% | 36.24% | 21.30% | 6.58% | -10.99% | 33.76% | 22.37% |
HBA.TO Hamilton Australian Bank Equal-Weight Index ETF | 0.36% | 13.01% | 30.43% | 12.29% | -0.55% | 32.18% | 20.11% |
Returns By Period
In the year-to-date period, CIC.TO achieves a 1.51% return, which is significantly higher than HBA.TO's 0.36% return.
CIC.TO
- 1D
- 1.51%
- 1M
- -3.47%
- YTD
- 1.51%
- 6M
- 12.87%
- 1Y
- 42.80%
- 3Y*
- 21.09%
- 5Y*
- 13.42%
- 10Y*
- 11.85%
HBA.TO
- 1D
- -0.07%
- 1M
- -8.86%
- YTD
- 0.36%
- 6M
- 0.66%
- 1Y
- 18.74%
- 3Y*
- 19.43%
- 5Y*
- 13.44%
- 10Y*
- —
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CIC.TO vs. HBA.TO - Expense Ratio Comparison
Return for Risk
CIC.TO vs. HBA.TO — Risk / Return Rank
CIC.TO
HBA.TO
CIC.TO vs. HBA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Canadian Banks Covered Call Income Class ETF (CIC.TO) and Hamilton Australian Bank Equal-Weight Index ETF (HBA.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.
| CIC.TO | HBA.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.45 | 1.00 | +2.45 |
Sortino ratioReturn per unit of downside risk | 4.45 | 1.42 | +3.03 |
Omega ratioGain probability vs. loss probability | 1.71 | 1.19 | +0.52 |
Calmar ratioReturn relative to maximum drawdown | 5.28 | 1.85 | +3.43 |
Martin ratioReturn relative to average drawdown | 22.30 | 4.60 | +17.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CIC.TO | HBA.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.45 | 1.00 | +2.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 0.77 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.01 | -0.37 |
Correlation
The correlation between CIC.TO and HBA.TO is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CIC.TO vs. HBA.TO - Dividend Comparison
CIC.TO's dividend yield for the trailing twelve months is around 5.85%, more than HBA.TO's 3.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIC.TO CI Canadian Banks Covered Call Income Class ETF | 5.85% | 5.72% | 6.71% | 7.37% | 7.64% | 5.48% | 9.56% | 6.16% | 6.61% | 5.68% | 6.72% | 7.31% |
HBA.TO Hamilton Australian Bank Equal-Weight Index ETF | 3.07% | 4.11% | 4.45% | 6.67% | 8.56% | 5.81% | 2.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CIC.TO vs. HBA.TO - Drawdown Comparison
The maximum CIC.TO drawdown since its inception was -38.55%, which is greater than HBA.TO's maximum drawdown of -21.15%. Use the drawdown chart below to compare losses from any high point for CIC.TO and HBA.TO.
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Drawdown Indicators
| CIC.TO | HBA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.55% | -21.15% | -17.40% |
Max Drawdown (1Y)Largest decline over 1 year | -8.23% | -10.17% | +1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -26.34% | -21.15% | -5.19% |
Max Drawdown (10Y)Largest decline over 10 years | -38.55% | — | — |
Current DrawdownCurrent decline from peak | -5.35% | -10.17% | +4.82% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -4.46% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 4.08% | -2.13% |
Volatility
CIC.TO vs. HBA.TO - Volatility Comparison
CI Canadian Banks Covered Call Income Class ETF (CIC.TO) has a higher volatility of 5.39% compared to Hamilton Australian Bank Equal-Weight Index ETF (HBA.TO) at 4.78%. This indicates that CIC.TO's price experiences larger fluctuations and is considered to be riskier than HBA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIC.TO | HBA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 4.78% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 9.06% | 12.95% | -3.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.48% | 18.91% | -6.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.56% | 17.59% | -5.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 18.17% | -1.91% |