CWIN.TO vs. HYLD-U.TO

Last updated Apr 2, 2026

Compare and contrast key facts about HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) and Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO).

CWIN.TO and HYLD-U.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. HYLD-U.TO is an actively managed fund by Hamilton. It was launched on Feb 4, 2022.

Performance

CWIN.TO vs. HYLD-U.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 Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO). The values are adjusted to include any dividend payments, if applicable.

CWIN.TO vs. HYLD-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units	9.40%	25.14%
HYLD-U.TO Hamilton Enhanced U.S. Covered Call ETF (USD)	-4.55%	9.99%

Different Trading Currencies

CWIN.TO is traded in CAD, while HYLD-U.TO is traded in USD. To make them comparable, the HYLD-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 9.40% return, which is significantly higher than HYLD-U.TO's -4.55% return.

CWIN.TO

• 1D: 1.85%
• 1M: -3.98%
• YTD: 9.40%
• 6M: 14.43%
• 1Y: 33.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYLD-U.TO

• 1D: 1.19%
• 1M: -2.80%
• YTD: -4.55%
• 6M: -3.27%
• 1Y: 16.98%
• 3Y*: 16.54%
• 5Y*: —
• 10Y*: —

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

CWIN.TO vs. HYLD-U.TO - Expense Ratio Comparison

CWIN.TO

HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units

Return for Risk

CWIN.TO vs. HYLD-U.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: 93
CWIN.TO Sharpe Ratio Rank: 93
CWIN.TO Sortino Ratio Rank: 94
CWIN.TO Omega Ratio Rank: 95
CWIN.TO Calmar Ratio Rank: 88
CWIN.TO Martin Ratio Rank: 93

HYLD-U.TO

HYLD-U.TO Risk / Return Rank: 49
HYLD-U.TO Sharpe Ratio Rank: 46
HYLD-U.TO Sortino Ratio Rank: 49
HYLD-U.TO Omega Ratio Rank: 53
HYLD-U.TO Calmar Ratio Rank: 47
HYLD-U.TO Martin Ratio Rank: 52

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. HYLD-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 Enhanced U.S. Covered Call ETF (USD) (HYLD-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.

	CWIN.TO	HYLD-U.TO	Difference
Sharpe ratio Return per unit of total volatility	2.32	0.77	+1.55
Sortino ratio Return per unit of downside risk	3.05	1.20	+1.84
Omega ratio Gain probability vs. loss probability	1.47	1.18	+0.29
Calmar ratio Return relative to maximum drawdown	3.06	1.15	+1.91
Martin ratio Return relative to average drawdown	14.35	3.85	+10.50
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. HYLD-U.TO - Sharpe Ratio Comparison

The current CWIN.TO Sharpe Ratio is 2.32, which is higher than the HYLD-U.TO Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of CWIN.TO and HYLD-U.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	HYLD-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	0.77	+1.55
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	0.51	+1.66

Correlation

The correlation between CWIN.TO and HYLD-U.TO is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CWIN.TO vs. HYLD-U.TO - Dividend Comparison

CWIN.TO's dividend yield for the trailing twelve months is around 3.27%, less than HYLD-U.TO's 8.98% yield.

	TTM	2025	2024	2023	2022
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units	3.27%	3.21%	0.00%	0.00%	0.00%
HYLD-U.TO Hamilton Enhanced U.S. Covered Call ETF (USD)	8.98%	8.06%	8.49%	8.82%	9.99%

Drawdowns

CWIN.TO vs. HYLD-U.TO - Drawdown Comparison

The maximum CWIN.TO drawdown since its inception was -10.87%, smaller than the maximum HYLD-U.TO drawdown of -24.30%. Use the drawdown chart below to compare losses from any high point for CWIN.TO and HYLD-U.TO.

Drawdown Indicators

	CWIN.TO	HYLD-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-10.87%	-31.64%	+20.77%
Max Drawdown (1Y) Largest decline over 1 year	-10.87%	-13.99%	+3.12%
Current Drawdown Current decline from peak	-3.98%	-7.74%	+3.76%
Average Drawdown Average peak-to-trough decline	-1.41%	-10.10%	+8.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	3.44%	-1.12%

Volatility

CWIN.TO vs. HYLD-U.TO - Volatility Comparison

The current volatility for HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) is 4.84%, while Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO) has a volatility of 6.93%. This indicates that CWIN.TO experiences smaller price fluctuations and is considered to be less risky than HYLD-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CWIN.TO	HYLD-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.84%	6.93%	-2.09%
Volatility (6M) Calculated over the trailing 6-month period	9.92%	12.09%	-2.17%
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	22.09%	-7.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.24%	18.04%	-3.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.24%	18.04%	-3.80%