FEAT vs. HBIL-U.TO

Last updated Jul 17, 2026

FEAT (YieldMax Dorsey Wright Featured 5 Income ETF) and HBIL-U.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units) are both exchange-traded funds - FEAT is a Derivative Income fund tracking the Nasdaq Dorsey Wright Tactical Option Income Strategy Index, while HBIL-U.TO is a Government Bonds fund actively managed by Hamilton. FEAT is passively managed, while HBIL-U.TO is actively managed. Over the past year, FEAT returned -15.48% vs 4.03% for HBIL-U.TO. At a 0.06 correlation, their price movements are largely independent.

Performance

FEAT vs. HBIL-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEAT achieves a -6.78% return, which is significantly lower than HBIL-U.TO's 1.33% return.

FEAT

• 1D: 0.00%
• 1M: 0.00%
• 6M: -7.14%
• YTD: -6.78%
• 1Y: -15.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HBIL-U.TO

• 1D: 0.00%
• 1M: -0.31%
• 6M: 1.06%
• YTD: 1.33%
• 1Y: 4.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FEAT vs. HBIL-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEAT YieldMax Dorsey Wright Featured 5 Income ETF	-6.78%	-4.21%	-9.44%
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units	1.33%	4.81%	-0.48%

Correlation

The correlation between FEAT and HBIL-U.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (All Time) Calculated using the full available price history since Dec 17, 2024	0.06

Return for Risk

FEAT vs. HBIL-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEAT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HBIL-U.TO

HBIL-U.TO Risk / Return Rank: 86
HBIL-U.TO Sharpe Ratio Rank: 82
HBIL-U.TO Sortino Ratio Rank: 82
HBIL-U.TO Omega Ratio Rank: 91
HBIL-U.TO Calmar Ratio Rank: 85
HBIL-U.TO Martin Ratio Rank: 87

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.

FEAT vs. HBIL-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-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.

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.

	FEAT	HBIL-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	2.12	-2.61
Sortino ratio: Return per unit of downside risk	-0.50	2.98	-3.48
Omega ratio: Gain probability vs. loss probability	0.93	1.48	-0.55
Calmar ratio: Return relative to maximum drawdown	-0.44	3.79	-4.23
Martin ratio: Return relative to average drawdown	-0.84	14.49	-15.33

FEAT vs. HBIL-U.TO - Sharpe Ratio Comparison

The current FEAT Sharpe Ratio is -0.49, which is lower than the HBIL-U.TO Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of FEAT and HBIL-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.

Drawdowns

FEAT vs. HBIL-U.TO - Drawdown Comparison

The maximum FEAT drawdown since its inception was -31.68%, which is greater than HBIL-U.TO's maximum drawdown of -1.48%. Use the drawdown chart below to compare losses from any high point for FEAT and HBIL-U.TO.

Drawdown Indicators

	FEAT	HBIL-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-31.68%	-1.48%	-30.20%
Max Drawdown (1Y) Largest decline over 1 year	-31.68%	-1.07%	-30.61%
Current Drawdown Current decline from peak	-20.04%	-1.00%	-19.04%
Average Drawdown Average peak-to-trough decline	-13.69%	-0.33%	-13.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.61%	0.28%	+16.33%

Volatility

FEAT vs. HBIL-U.TO - Volatility Comparison

YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) has a higher volatility of 7.94% compared to Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO) at 1.21%. This indicates that FEAT's price experiences larger fluctuations and is considered to be riskier than HBIL-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEAT	HBIL-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.94%	1.21%	+6.73%
Volatility (6M) Calculated over the trailing 6-month period	20.22%	1.64%	+18.58%
Volatility (1Y) Calculated over the trailing 1-year period	28.72%	1.91%	+26.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.17%	2.12%	+28.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.17%	2.12%	+28.05%

Dividends

FEAT vs. HBIL-U.TO - Dividend Comparison

FEAT has not paid dividends to shareholders, while HBIL-U.TO's dividend yield for the trailing twelve months is around 6.75%.

Position	TTM	2025	2024
FEAT YieldMax Dorsey Wright Featured 5 Income ETF	77.86%	76.35%	0.00%
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units	6.75%	7.37%	2.40%

Frequently Asked Questions

Can I hold both FEAT and HBIL-U.TO in my portfolio?

FEAT and HBIL-U.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between FEAT and HBIL-U.TO?

FEAT is categorized as Derivative Income, while HBIL-U.TO is Government Bonds. They also come from different issuers: YieldMax and Hamilton.