CWIN.TO vs. HBIL-U.TO
CWIN.TO (HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units) and HBIL-U.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units) are both exchange-traded funds - CWIN.TO is a Dividend fund tracking the Solactive Canada Dividend Elite Champions Index, while HBIL-U.TO is a Government Bonds fund actively managed by Hamilton. CWIN.TO is passively managed, while HBIL-U.TO is actively managed. Over the past year, CWIN.TO returned 41.24% vs 6.47% for HBIL-U.TO. At a 0.05 correlation, their price movements are largely independent.
Performance
CWIN.TO vs. HBIL-U.TO - Performance Comparison
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Different Trading Currencies
CWIN.TO is traded in CAD, while HBIL-U.TO is traded in USD. To make them comparable, the HBIL-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CWIN.TO achieves a 22.37% return, which is significantly higher than HBIL-U.TO's 3.86% return.
CWIN.TO
- 1D
- 0.56%
- 1M
- 2.36%
- 6M
- 17.78%
- YTD
- 22.37%
- 1Y
- 41.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBIL-U.TO
- 1D
- -0.10%
- 1M
- 0.03%
- 6M
- 2.17%
- YTD
- 3.86%
- 1Y
- 6.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CWIN.TO vs. HBIL-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units | 22.37% | 24.29% |
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 3.86% | -0.67% |
Correlation
The correlation between CWIN.TO and HBIL-U.TO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2025 | 0.05 |
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Return for Risk
CWIN.TO vs. HBIL-U.TO — Risk / Return Rank
CWIN.TO
HBIL-U.TO
CWIN.TO vs. HBIL-U.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 U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.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.
| CWIN.TO | HBIL-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.94 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.25 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 5.79 | 1.62 | +4.17 |
| Martin ratioReturn relative to average drawdown | 21.44 | 4.12 | +17.32 |
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Drawdowns
CWIN.TO vs. HBIL-U.TO - Drawdown Comparison
The maximum CWIN.TO drawdown since its inception was -10.87%, which is greater than HBIL-U.TO's maximum drawdown of -6.68%. Use the drawdown chart below to compare losses from any high point for CWIN.TO and HBIL-U.TO.
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Drawdown Indicators
| CWIN.TO | HBIL-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.87% | -6.68% | -4.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -4.01% | -3.14% |
Current DrawdownCurrent decline from peak | 0.00% | -2.20% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -2.26% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.57% | +0.36% |
Volatility
CWIN.TO vs. HBIL-U.TO - Volatility Comparison
HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) has a higher volatility of 2.64% compared to Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO) at 1.82%. This indicates that CWIN.TO's price experiences larger fluctuations and is considered to be riskier than HBIL-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWIN.TO | HBIL-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 1.82% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 3.60% | +6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.47% | 4.68% | +7.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.72% | 5.85% | +7.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.72% | 5.85% | +7.87% |
Dividends
CWIN.TO vs. HBIL-U.TO - Dividend Comparison
CWIN.TO's dividend yield for the trailing twelve months is around 3.07%, less than HBIL-U.TO's 6.75% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units | 3.07% | 3.21% | 0.00% |
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 6.75% | 7.37% | 2.40% |
Frequently Asked Questions
CWIN.TO and HBIL-U.TO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWIN.TO is categorized as Dividend, while HBIL-U.TO is Government Bonds.
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