CWIN.TO vs. CMVP.TO

Last updated Apr 1, 2026

Compare and contrast key facts about HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) and HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units (CMVP.TO).

CWIN.TO and CMVP.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CWIN.TO is a passively managed fund by Hamilton that tracks the performance of the Solactive Canada Dividend Elite Champions Index. It was launched on Jan 27, 2025. 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. Both CWIN.TO and CMVP.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

CWIN.TO vs. CMVP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) and HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units (CMVP.TO). The values are adjusted to include any dividend payments, if applicable.

CWIN.TO vs. CMVP.TO - Yearly Performance Comparison

	2026 (YTD)	2025
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units	7.09%	25.14%
CMVP.TO HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units	7.10%	21.16%

Returns By Period

The year-to-date returns for both investments are quite close, with CWIN.TO having a 7.09% return and CMVP.TO slightly higher at 7.10%.

CWIN.TO

• 1D: 0.05%
• 1M: -5.88%
• YTD: 7.09%
• 6M: 12.26%
• 1Y: 30.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CMVP.TO

• 1D: 1.21%
• 1M: -3.44%
• YTD: 7.10%
• 6M: 11.38%
• 1Y: 27.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CWIN.TO vs. CMVP.TO - Expense Ratio Comparison

CWIN.TO has a 0.65% expense ratio, which is higher than CMVP.TO's 0.00% expense ratio.

CWIN.TO

HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units

CMVP.TO

HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units

Return for Risk

CWIN.TO vs. CMVP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CWIN.TO

CWIN.TO Risk / Return Rank: 92
CWIN.TO Sharpe Ratio Rank: 92
CWIN.TO Sortino Ratio Rank: 93
CWIN.TO Omega Ratio Rank: 93
CWIN.TO Calmar Ratio Rank: 89
CWIN.TO Martin Ratio Rank: 93

CMVP.TO

CMVP.TO Risk / Return Rank: 95
CMVP.TO Sharpe Ratio Rank: 95
CMVP.TO Sortino Ratio Rank: 96
CMVP.TO Omega Ratio Rank: 96
CMVP.TO Calmar Ratio Rank: 92
CMVP.TO Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CWIN.TO vs. CMVP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) and HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units (CMVP.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.

	CWIN.TO	CMVP.TO	Difference
Sharpe ratio Return per unit of total volatility	2.12	2.39	-0.27
Sortino ratio Return per unit of downside risk	2.80	3.17	-0.37
Omega ratio Gain probability vs. loss probability	1.43	1.48	-0.05
Calmar ratio Return relative to maximum drawdown	2.98	3.22	-0.24
Martin ratio Return relative to average drawdown	14.03	15.24	-1.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CWIN.TO vs. CMVP.TO - Sharpe Ratio Comparison

The current CWIN.TO Sharpe Ratio is 2.12, which is comparable to the CMVP.TO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of CWIN.TO and CMVP.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CWIN.TO	CMVP.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	2.39	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	2.02	2.25	-0.23

Correlation

The correlation between CWIN.TO and CMVP.TO is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CWIN.TO vs. CMVP.TO - Dividend Comparison

CWIN.TO's dividend yield for the trailing twelve months is around 3.04%, more than CMVP.TO's 2.55% yield.

	TTM	2025
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units	3.04%	3.21%
CMVP.TO HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units	2.55%	2.70%

Drawdowns

CWIN.TO vs. CMVP.TO - Drawdown Comparison

The maximum CWIN.TO drawdown since its inception was -10.87%, which is greater than CMVP.TO's maximum drawdown of -8.86%. Use the drawdown chart below to compare losses from any high point for CWIN.TO and CMVP.TO.

Drawdown Indicators

	CWIN.TO	CMVP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-10.87%	-8.86%	-2.01%
Max Drawdown (1Y) Largest decline over 1 year	-10.87%	-8.86%	-2.01%
Current Drawdown Current decline from peak	-6.01%	-3.88%	-2.13%
Average Drawdown Average peak-to-trough decline	-1.40%	-1.06%	-0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	1.87%	+0.44%

Volatility

CWIN.TO vs. CMVP.TO - Volatility Comparison

HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) has a higher volatility of 4.75% compared to HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units (CMVP.TO) at 4.07%. This indicates that CWIN.TO's price experiences larger fluctuations and is considered to be riskier than CMVP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CWIN.TO	CMVP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	4.07%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	9.76%	7.88%	+1.88%
Volatility (1Y) Calculated over the trailing 1-year period	14.51%	11.46%	+3.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.17%	11.22%	+2.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.17%	11.22%	+2.95%