FTS-PH.TO vs. HDIV.TO

Last updated Jun 5, 2026

FTS-PH.TO (Fortis Inc.) is a stock, while HDIV.TO (Hamilton Enhanced Canadian Covered Call ETF) is Derivative Income fund actively managed by Hamilton ETFs. Over the past 3 years, FTS-PH.TO returned 25.29%/yr vs 28.06%/yr for HDIV.TO. At a 0.14 correlation, their price movements are largely independent.

Performance

FTS-PH.TO vs. HDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fortis Inc. (FTS-PH.TO) and Hamilton Enhanced Canadian Covered Call ETF (HDIV.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTS-PH.TO achieves a 13.40% return, which is significantly lower than HDIV.TO's 17.22% return.

FTS-PH.TO

• 1D: 0.05%
• 1M: 3.31%
• YTD: 13.40%
• 6M: 14.00%
• 1Y: 26.85%
• 3Y*: 25.29%
• 5Y*: 10.54%
• 10Y*: 8.46%

HDIV.TO

• 1D: 0.86%
• 1M: 4.54%
• YTD: 17.22%
• 6M: 18.33%
• 1Y: 48.05%
• 3Y*: 28.06%
• 5Y*: —
• 10Y*: —

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

FTS-PH.TO vs. HDIV.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FTS-PH.TO Fortis Inc.	13.40%	20.68%	29.63%	10.82%	-25.81%	10.50%
HDIV.TO Hamilton Enhanced Canadian Covered Call ETF	17.22%	33.87%	23.15%	13.91%	-2.52%	12.70%

Correlation

The correlation between FTS-PH.TO and HDIV.TO is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jul 19, 2021	0.14

The correlation between FTS-PH.TO and HDIV.TO shifts across timeframes, from -0.01 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FTS-PH.TO vs. HDIV.TO — Risk / Return Rank

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

FTS-PH.TO

FTS-PH.TO Risk / Return Rank: 93
FTS-PH.TO Sharpe Ratio Rank: 91
FTS-PH.TO Sortino Ratio Rank: 91
FTS-PH.TO Omega Ratio Rank: 92
FTS-PH.TO Calmar Ratio Rank: 97
FTS-PH.TO Martin Ratio Rank: 97

HDIV.TO

HDIV.TO Risk / Return Rank: 93
HDIV.TO Sharpe Ratio Rank: 95
HDIV.TO Sortino Ratio Rank: 94
HDIV.TO Omega Ratio Rank: 95
HDIV.TO Calmar Ratio Rank: 90
HDIV.TO Martin Ratio Rank: 94

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.

FTS-PH.TO vs. HDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fortis Inc. (FTS-PH.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.

	FTS-PH.TO	HDIV.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.36	3.83	-1.47
Sortino ratio: Return per unit of downside risk	3.42	4.88	-1.46
Omega ratio: Gain probability vs. loss probability	1.47	1.71	-0.24
Calmar ratio: Return relative to maximum drawdown	8.84	5.47	+3.37
Martin ratio: Return relative to average drawdown	24.54	26.51	-1.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTS-PH.TO vs. HDIV.TO - Sharpe Ratio Comparison

The current FTS-PH.TO Sharpe Ratio is 2.36, which is lower than the HDIV.TO Sharpe Ratio of 3.83. The chart below compares the historical Sharpe Ratios of FTS-PH.TO and HDIV.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.

Sharpe Ratios by Period

	FTS-PH.TO	HDIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	3.83	-1.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	1.27	-1.12

Drawdowns

FTS-PH.TO vs. HDIV.TO - Drawdown Comparison

The maximum FTS-PH.TO drawdown since its inception was -56.68%, which is greater than HDIV.TO's maximum drawdown of -22.32%. Use the drawdown chart below to compare losses from any high point for FTS-PH.TO and HDIV.TO.

Drawdown Indicators

	FTS-PH.TO	HDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-56.68%	-22.32%	-34.36%
Max Drawdown (1Y) Largest decline over 1 year	-2.96%	-8.73%	+5.77%
Max Drawdown (3Y) Largest decline over 3 years	-15.64%	-14.58%	-1.06%
Max Drawdown (5Y) Largest decline over 5 years	-33.79%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-52.44%	—	—
Current Drawdown Current decline from peak	-1.13%	0.00%	-1.13%
Average Drawdown Average peak-to-trough decline	-17.41%	-4.22%	-13.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	1.80%	-0.69%

Volatility

FTS-PH.TO vs. HDIV.TO - Volatility Comparison

The current volatility for Fortis Inc. (FTS-PH.TO) is 2.73%, while Hamilton Enhanced Canadian Covered Call ETF (HDIV.TO) has a volatility of 3.80%. This indicates that FTS-PH.TO experiences smaller price fluctuations and is considered to be less risky than HDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTS-PH.TO	HDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	3.80%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	8.47%	10.31%	-1.84%
Volatility (1Y) Calculated over the trailing 1-year period	11.17%	12.49%	-1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.70%	15.63%	+2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.29%	15.63%	+5.66%

Dividends

FTS-PH.TO vs. HDIV.TO - Dividend Comparison

FTS-PH.TO's dividend yield for the trailing twelve months is around 4.98%, less than HDIV.TO's 9.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTS-PH.TO Fortis Inc.	4.98%	3.96%	2.79%	3.51%	3.75%	2.70%	4.88%	4.63%	4.15%	3.46%	4.41%	5.76%
HDIV.TO Hamilton Enhanced Canadian Covered Call ETF	9.25%	10.09%	11.38%	10.41%	9.64%	3.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTS-PH.TO and HDIV.TO in my portfolio?

FTS-PH.TO and HDIV.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.