EQCC.TO vs. HDIV.TO
EQCC.TO (Global X All-Equity Asset Allocation Covered Call ETF) and HDIV.TO (Hamilton Enhanced Canadian Covered Call ETF) are both Derivative Income funds. Both are actively managed. Over the past year, EQCC.TO returned 28.46% vs 45.50% for HDIV.TO. At a 0.35 correlation, their price movements are largely independent. EQCC.TO charges 0.65%/yr vs 0.00%/yr for HDIV.TO.
Performance
EQCC.TO vs. HDIV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EQCC.TO achieves a 12.84% return, which is significantly lower than HDIV.TO's 16.21% return.
EQCC.TO
- 1D
- 2.44%
- 1M
- 7.82%
- YTD
- 12.84%
- 6M
- 12.97%
- 1Y
- 28.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDIV.TO
- 1D
- -0.26%
- 1M
- 6.14%
- YTD
- 16.21%
- 6M
- 17.63%
- 1Y
- 45.50%
- 3Y*
- 27.58%
- 5Y*
- —
- 10Y*
- —
EQCC.TO vs. HDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EQCC.TO Global X All-Equity Asset Allocation Covered Call ETF | 12.84% | 13.50% | 11.68% |
HDIV.TO Hamilton Enhanced Canadian Covered Call ETF | 16.21% | 33.87% | 13.52% |
Correlation
The correlation between EQCC.TO and HDIV.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 31, 2024 | 0.35 |
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Return for Risk
EQCC.TO vs. HDIV.TO — Risk / Return Rank
EQCC.TO
HDIV.TO
EQCC.TO vs. HDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X All-Equity Asset Allocation Covered Call ETF (EQCC.TO) and Hamilton Enhanced Canadian Covered Call ETF (HDIV.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.
| EQCC.TO | HDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.68 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 5.24 | -1.28 |
| Martin ratioReturn relative to average drawdown | 15.65 | 25.39 | -9.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EQCC.TO | HDIV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | 3.67 | -1.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.41 | 1.26 | +0.15 |
Drawdowns
EQCC.TO vs. HDIV.TO - Drawdown Comparison
The maximum EQCC.TO drawdown since its inception was -15.94%, smaller than the maximum HDIV.TO drawdown of -22.32%. Use the drawdown chart below to compare losses from any high point for EQCC.TO and HDIV.TO.
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Drawdown Indicators
| EQCC.TO | HDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.94% | -22.32% | +6.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.32% | -8.73% | +1.41% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.58% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.63% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -1.73% | -4.22% | +2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 1.80% | +0.05% |
Volatility
EQCC.TO vs. HDIV.TO - Volatility Comparison
Global X All-Equity Asset Allocation Covered Call ETF (EQCC.TO) has a higher volatility of 6.07% compared to Hamilton Enhanced Canadian Covered Call ETF (HDIV.TO) at 3.80%. This indicates that EQCC.TO's price experiences larger fluctuations and is considered to be riskier than HDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQCC.TO | HDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 3.80% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.27% | 10.29% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 12.47% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 15.63% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.94% | 15.63% | -1.69% |
EQCC.TO vs. HDIV.TO - Expense Ratio Comparison
EQCC.TO has a 0.65% expense ratio, which is higher than HDIV.TO's 0.00% expense ratio.
Dividends
EQCC.TO vs. HDIV.TO - Dividend Comparison
EQCC.TO's dividend yield for the trailing twelve months is around 8.68%, less than HDIV.TO's 9.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EQCC.TO Global X All-Equity Asset Allocation Covered Call ETF | 8.68% | 9.43% | 5.38% | 0.00% | 0.00% | 0.00% |
HDIV.TO Hamilton Enhanced Canadian Covered Call ETF | 9.33% | 10.09% | 11.38% | 10.41% | 9.64% | 3.39% |
Frequently Asked Questions
EQCC.TO and HDIV.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDIV.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDIV.TO is cheaper with a 0.00% expense ratio, compared with 0.65% for EQCC.TO.
They also come from different issuers: Global X and Hamilton ETFs. Their fees differ too: 0.65% for EQCC.TO and 0.00% for HDIV.TO.
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