EQCC.TO vs. HYLD.TO
EQCC.TO (Global X All-Equity Asset Allocation Covered Call ETF) and HYLD.TO (Hamilton Enhanced U.S. Covered Call ETF) are both Derivative Income funds. Both are actively managed. Over the past year, EQCC.TO returned 28.46% vs 39.70% for HYLD.TO. At a 0.33 correlation, their price movements are largely independent. EQCC.TO charges 0.65%/yr vs 2.37%/yr for HYLD.TO.
Performance
EQCC.TO vs. HYLD.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 HYLD.TO's 15.73% return.
EQCC.TO
- 1D
- 2.44%
- 1M
- 7.82%
- YTD
- 12.84%
- 6M
- 12.97%
- 1Y
- 28.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYLD.TO
- 1D
- 0.09%
- 1M
- 9.70%
- YTD
- 15.73%
- 6M
- 15.82%
- 1Y
- 39.70%
- 3Y*
- 23.83%
- 5Y*
- —
- 10Y*
- —
EQCC.TO vs. HYLD.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% |
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 15.73% | 22.14% | 13.57% |
Correlation
The correlation between EQCC.TO and HYLD.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 (All Time) Calculated using the full available price history since May 31, 2024 | 0.33 |
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Return for Risk
EQCC.TO vs. HYLD.TO — Risk / Return Rank
EQCC.TO
HYLD.TO
EQCC.TO vs. HYLD.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 U.S. Covered Call ETF (HYLD.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 | HYLD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.47 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 3.31 | +0.65 |
| Martin ratioReturn relative to average drawdown | 15.65 | 14.63 | +1.02 |
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 | HYLD.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | 2.61 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.41 | 0.69 | +0.72 |
Drawdowns
EQCC.TO vs. HYLD.TO - Drawdown Comparison
The maximum EQCC.TO drawdown since its inception was -15.94%, smaller than the maximum HYLD.TO drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for EQCC.TO and HYLD.TO.
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Drawdown Indicators
| EQCC.TO | HYLD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.94% | -31.38% | +15.44% |
Max Drawdown (1Y)Largest decline over 1 year | -7.32% | -12.04% | +4.72% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.83% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.73% | -8.91% | +7.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 2.72% | -0.87% |
Volatility
EQCC.TO vs. HYLD.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 U.S. Covered Call ETF (HYLD.TO) at 4.58%. This indicates that EQCC.TO's price experiences larger fluctuations and is considered to be riskier than HYLD.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 | HYLD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 4.58% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.27% | 12.17% | -2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 15.31% | -3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 19.22% | -5.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.94% | 19.22% | -5.28% |
EQCC.TO vs. HYLD.TO - Expense Ratio Comparison
EQCC.TO has a 0.65% expense ratio, which is lower than HYLD.TO's 2.37% expense ratio.
Dividends
EQCC.TO vs. HYLD.TO - Dividend Comparison
EQCC.TO's dividend yield for the trailing twelve months is around 8.68%, less than HYLD.TO's 11.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EQCC.TO Global X All-Equity Asset Allocation Covered Call ETF | 8.68% | 9.43% | 5.38% | 0.00% | 0.00% |
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 11.23% | 11.98% | 12.13% | 12.11% | 13.02% |
Frequently Asked Questions
EQCC.TO and HYLD.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.
On fees, EQCC.TO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQCC.TO is cheaper with a 0.65% expense ratio, compared with 2.37% for HYLD.TO.
They also come from different issuers: Global X and Hamilton Capital. Their fees differ too: 0.65% for EQCC.TO and 2.37% for HYLD.TO.
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