EIF.TO vs. HCAL.TO
EIF.TO (Exchange Income Corporation) is a stock, while HCAL.TO (Hamilton Enhanced Canadian Bank ETF) is Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index (125%). Over the past 5 years, EIF.TO returned 32.16%/yr vs 24.90%/yr for HCAL.TO. At a 0.48 correlation, their price movements are largely independent.
Performance
EIF.TO vs. HCAL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EIF.TO achieves a 58.67% return, which is significantly higher than HCAL.TO's 41.59% return.
EIF.TO
- 1D
- 1.00%
- 1M
- -3.74%
- 6M
- 39.27%
- YTD
- 58.67%
- 1Y
- 100.95%
- 3Y*
- 40.42%
- 5Y*
- 32.16%
- 10Y*
- 20.72%
- ALL TIME*
- 21.70%
HCAL.TO
- 1D
- 0.58%
- 1M
- 3.73%
- 6M
- 41.20%
- YTD
- 41.59%
- 1Y
- 87.73%
- 3Y*
- 43.35%
- 5Y*
- 24.90%
- 10Y*
- —
- ALL TIME*
- 30.11%
EIF.TO vs. HCAL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EIF.TO Exchange Income Corporation | 58.67% | 45.29% | 37.59% | -9.76% | 31.82% | 21.59% | 21.05% |
HCAL.TO Hamilton Enhanced Canadian Bank ETF | 41.59% | 54.09% | 29.04% | 11.73% | -17.54% | 50.25% | 16.92% |
Correlation
The correlation between EIF.TO and HCAL.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.48 |
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Return for Risk
EIF.TO vs. HCAL.TO — Risk / Return Rank
EIF.TO
HCAL.TO
EIF.TO vs. HCAL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Exchange Income Corporation (EIF.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.
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.
| EIF.TO | HCAL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.87 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 10.38 | 8.28 | +2.10 |
| Martin ratioReturn relative to average drawdown | 30.23 | 35.51 | -5.28 |
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Drawdowns
EIF.TO vs. HCAL.TO - Drawdown Comparison
The maximum EIF.TO drawdown since its inception was -68.18%, which is greater than HCAL.TO's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for EIF.TO and HCAL.TO.
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Drawdown Indicators
| EIF.TO | HCAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.18% | -35.05% | -33.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.78% | -10.65% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -20.24% | -18.77% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | -35.05% | +13.58% |
Max Drawdown (10Y)Largest decline over 10 years | -68.18% | — | — |
Current DrawdownCurrent decline from peak | -3.96% | -3.31% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -10.12% | -9.43% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 2.48% | +0.87% |
Volatility
EIF.TO vs. HCAL.TO - Volatility Comparison
Exchange Income Corporation (EIF.TO) has a higher volatility of 6.75% compared to Hamilton Enhanced Canadian Bank ETF (HCAL.TO) at 6.24%. This indicates that EIF.TO's price experiences larger fluctuations and is considered to be riskier than HCAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIF.TO | HCAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 6.24% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 21.21% | 14.92% | +6.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.11% | 17.06% | +9.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.08% | 17.31% | +6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.77% | 17.05% | +15.72% |
Dividends
EIF.TO vs. HCAL.TO - Dividend Comparison
EIF.TO's dividend yield for the trailing twelve months is around 2.12%, less than HCAL.TO's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIF.TO Exchange Income Corporation | 2.12% | 3.25% | 4.49% | 5.63% | 4.58% | 5.41% | 6.22% | 4.98% | 7.70% | 5.89% | 4.78% | 6.37% |
HCAL.TO Hamilton Enhanced Canadian Bank ETF | 3.08% | 4.20% | 6.12% | 7.37% | 7.46% | 4.27% | 2.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EIF.TO and HCAL.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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