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DXQ.TO vs. HYLD-U.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DXQ.TO vs. HYLD-U.TO

Last updated Jun 4, 2026

DXQ.TO (Dynamic Active Enhanced Yield Covered Options ETF) and HYLD-U.TO (Hamilton Enhanced U.S. Covered Call ETF (USD)) are both Derivative Income funds. Both are actively managed. Over the past 3 years, DXQ.TO returned 17.27%/yr vs 23.04%/yr for HYLD-U.TO. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

DXQ.TO vs. HYLD-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) and Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

DXQ.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, DXQ.TO achieves a 6.80% return, which is significantly lower than HYLD-U.TO's 16.59% return.

DXQ.TO

1D
-0.70%
1M
2.65%
YTD
6.80%
6M
5.77%
1Y
19.04%
3Y*
17.27%
5Y*
—
10Y*
—

HYLD-U.TO

1D
0.24%
1M
11.64%
YTD
16.59%
6M
14.32%
1Y
39.69%
3Y*
23.04%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022
DXQ.TO
Dynamic Active Enhanced Yield Covered Options ETF		6.80%12.99%21.07%20.08%3.57%
HYLD-U.TO
Hamilton Enhanced U.S. Covered Call ETF (USD)		16.59%14.33%34.31%14.81%2.38%

Correlation

The correlation between DXQ.TO and HYLD-U.TO is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.67

Correlation (3Y)
Calculated over the trailing 3-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Sep 21, 2022

0.63

The correlation between DXQ.TO and HYLD-U.TO has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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Dynamic Active Enhanced Yield Covered Options ETF

Hamilton Enhanced U.S. Covered Call ETF (USD)

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Often compared with HYLD-U.TO:
HYLD-U.TO vs. LMAX.TOHYLD-U.TO vs. USCL.TOHYLD-U.TO vs. HLIF.TOHYLD-U.TO vs. CRCY.TOHYLD-U.TO vs. HBIL.TOHYLD-U.TO vs. FMAX.TOHYLD-U.TO vs. QMVP.TO

Return for Risk

DXQ.TO vs. HYLD-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DXQ.TO
DXQ.TO Risk / Return Rank: 6565
Overall Rank
DXQ.TO Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
DXQ.TO Sortino Ratio Rank: 6464
Sortino Ratio Rank
DXQ.TO Omega Ratio Rank: 6666
Omega Ratio Rank
DXQ.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
DXQ.TO Martin Ratio Rank: 6060
Martin Ratio Rank
HYLD-U.TO
HYLD-U.TO Risk / Return Rank: 7373
Overall Rank
HYLD-U.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
HYLD-U.TO Sortino Ratio Rank: 7777
Sortino Ratio Rank
HYLD-U.TO Omega Ratio Rank: 7575
Omega Ratio Rank
HYLD-U.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
HYLD-U.TO Martin Ratio Rank: 7070
Martin Ratio Rank
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.

DXQ.TO vs. HYLD-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Enhanced Yield Covered Options ETF (DXQ.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.

DXQ.TOHYLD-U.TODifference
Sharpe ratioReturn per unit of total volatility
2.08
2.73

-0.65

Sortino ratioReturn per unit of downside risk
2.95
3.71

-0.77

Omega ratioGain probability vs. loss probability

1.40

1.49

-0.09

Calmar ratioReturn relative to maximum drawdown

3.74

3.28

+0.46

Martin ratioReturn relative to average drawdown

10.46

11.78

-1.32

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXQ.TO vs. HYLD-U.TO - Sharpe Ratio Comparison

The current DXQ.TO Sharpe Ratio is 2.08, which is comparable to the HYLD-U.TO Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of DXQ.TO and HYLD-U.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DXQ.TOHYLD-U.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.08

2.73

-0.65

Sharpe Ratio (All Time)

Calculated using the full available price history

1.61

0.79

+0.83

Drawdowns

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

The maximum DXQ.TO drawdown since its inception was -15.54%, smaller than the maximum HYLD-U.TO drawdown of -24.30%. Use the drawdown chart below to compare losses from any high point for DXQ.TO and HYLD-U.TO.

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Drawdown Indicators

DXQ.TOHYLD-U.TODifference

Max Drawdown

Largest peak-to-trough decline

-15.54%

-24.30%

+8.76%

Max Drawdown (1Y)

Largest decline over 1 year

-5.11%

-12.17%

+7.06%

Max Drawdown (3Y)

Largest decline over 3 years

-15.54%

-23.36%

+7.82%

Current Drawdown

Current decline from peak

-0.70%

0.00%

-0.70%

Average Drawdown

Average peak-to-trough decline

-1.27%

-7.49%

+6.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.82%

3.38%

-1.56%

Volatility

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

The current volatility for Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) is 2.38%, while Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO) has a volatility of 4.24%. This indicates that DXQ.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.

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Volatility by Period

DXQ.TOHYLD-U.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.38%

4.24%

-1.86%

Volatility (6M)

Calculated over the trailing 6-month period

7.14%

11.38%

-4.24%

Volatility (1Y)

Calculated over the trailing 1-year period

9.21%

14.62%

-5.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.92%

17.91%

-6.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.92%

17.91%

-6.99%

Dividends

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

DXQ.TO's dividend yield for the trailing twelve months is around 7.77%, more than HYLD-U.TO's 7.57% yield.

PositionTTM2025202420232022
DXQ.TO
Dynamic Active Enhanced Yield Covered Options ETF		7.77%7.45%5.74%6.54%1.83%
HYLD-U.TO
Hamilton Enhanced U.S. Covered Call ETF (USD)		7.57%8.06%8.49%8.82%9.99%

Frequently Asked Questions

DXQ.TO and HYLD-U.TO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: Dynamic and Hamilton.

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