CMVP.TO vs. HCAL.TO
Compare and contrast key facts about HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units (CMVP.TO) and Hamilton Enhanced Canadian Bank ETF (HCAL.TO).
CMVP.TO and HCAL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CMVP.TO is a passively managed fund by Hamilton Capital that tracks the performance of the Solactive Canada Dividend Elite Champions Index. It was launched on Jan 24, 2025. HCAL.TO is a passively managed fund by Hamilton Capital that tracks the performance of the Solactive Equal Weight Canada Banks Index (125%). It was launched on Oct 14, 2020. Both CMVP.TO and HCAL.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CMVP.TO vs. HCAL.TO - Performance Comparison
Loading graphics...
CMVP.TO vs. HCAL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CMVP.TO HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units | 7.10% | 21.46% |
HCAL.TO Hamilton Enhanced Canadian Bank ETF | 1.59% | 50.29% |
Returns By Period
In the year-to-date period, CMVP.TO achieves a 7.10% return, which is significantly higher than HCAL.TO's 1.59% return.
CMVP.TO
- 1D
- 1.21%
- 1M
- -3.44%
- YTD
- 7.10%
- 6M
- 11.38%
- 1Y
- 27.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HCAL.TO
- 1D
- 3.15%
- 1M
- -5.20%
- YTD
- 1.59%
- 6M
- 17.39%
- 1Y
- 65.41%
- 3Y*
- 30.27%
- 5Y*
- 18.83%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CMVP.TO vs. HCAL.TO - Expense Ratio Comparison
CMVP.TO has a 0.00% expense ratio, which is lower than HCAL.TO's 0.65% expense ratio.
Return for Risk
CMVP.TO vs. HCAL.TO — Risk / Return Rank
CMVP.TO
HCAL.TO
CMVP.TO vs. HCAL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units (CMVP.TO) and Hamilton Enhanced Canadian Bank ETF (HCAL.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.
| CMVP.TO | HCAL.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.39 | 3.94 | -1.55 |
Sortino ratioReturn per unit of downside risk | 3.17 | 4.81 | -1.64 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.74 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 3.22 | 6.21 | -2.99 |
Martin ratioReturn relative to average drawdown | 15.24 | 24.24 | -9.01 |
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 graphics...
Sharpe Ratios by Period
| CMVP.TO | HCAL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 3.94 | -1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.25 | 1.45 | +0.80 |
Correlation
The correlation between CMVP.TO and HCAL.TO is 0.62, 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
CMVP.TO vs. HCAL.TO - Dividend Comparison
CMVP.TO's dividend yield for the trailing twelve months is around 2.55%, less than HCAL.TO's 3.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CMVP.TO HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units | 2.55% | 2.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HCAL.TO Hamilton Enhanced Canadian Bank ETF | 3.82% | 4.20% | 6.12% | 7.37% | 7.47% | 4.99% | 3.14% |
Drawdowns
CMVP.TO vs. HCAL.TO - Drawdown Comparison
The maximum CMVP.TO drawdown since its inception was -8.86%, smaller than the maximum HCAL.TO drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for CMVP.TO and HCAL.TO.
Loading graphics...
Drawdown Indicators
| CMVP.TO | HCAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.86% | -35.05% | +26.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -10.65% | +1.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.05% | — |
Current DrawdownCurrent decline from peak | -3.88% | -7.66% | +3.78% |
Average DrawdownAverage peak-to-trough decline | -1.06% | -9.89% | +8.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 2.73% | -0.86% |
Volatility
CMVP.TO vs. HCAL.TO - Volatility Comparison
The current volatility for HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units (CMVP.TO) is 4.07%, while Hamilton Enhanced Canadian Bank ETF (HCAL.TO) has a volatility of 7.53%. This indicates that CMVP.TO experiences smaller price fluctuations and is considered to be less risky than HCAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| CMVP.TO | HCAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 7.53% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 12.55% | -4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.46% | 16.68% | -5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.22% | 16.86% | -5.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.22% | 16.89% | -5.67% |