FTS-PH.TO vs. HYLD.TO

Last updated Jun 4, 2026

FTS-PH.TO (Fortis Inc.) is a stock, while HYLD.TO (Hamilton Enhanced U.S. Covered Call ETF) is Derivative Income fund actively managed by Hamilton Capital. Over the past 3 years, FTS-PH.TO returned 25.27%/yr vs 23.83%/yr for HYLD.TO. At a 0.14 correlation, their price movements are largely independent.

Performance

FTS-PH.TO vs. HYLD.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 U.S. Covered Call ETF (HYLD.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 13.35% return, which is significantly lower than HYLD.TO's 15.73% return.

FTS-PH.TO

• 1D: 0.05%
• 1M: 3.82%
• YTD: 13.35%
• 6M: 11.41%
• 1Y: 27.67%
• 3Y*: 25.27%
• 5Y*: 10.53%
• 10Y*: 8.57%

HYLD.TO

• 1D: 0.09%
• 1M: 9.70%
• YTD: 15.73%
• 6M: 15.82%
• 1Y: 39.70%
• 3Y*: 23.83%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
FTS-PH.TO Fortis Inc.	13.35%	20.68%	29.63%	10.82%	-28.14%
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF	15.73%	22.14%	25.39%	19.01%	-18.85%

Correlation

The correlation between FTS-PH.TO and HYLD.TO is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (All Time) Calculated using the full available price history since Feb 9, 2022	0.14

Return for Risk

FTS-PH.TO vs. HYLD.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: 94
FTS-PH.TO Sharpe Ratio Rank: 92
FTS-PH.TO Sortino Ratio Rank: 93
FTS-PH.TO Omega Ratio Rank: 92
FTS-PH.TO Calmar Ratio Rank: 97
FTS-PH.TO Martin Ratio Rank: 97

HYLD.TO

HYLD.TO Risk / Return Rank: 75
HYLD.TO Sharpe Ratio Rank: 78
HYLD.TO Sortino Ratio Rank: 77
HYLD.TO Omega Ratio Rank: 77
HYLD.TO Calmar Ratio Rank: 66
HYLD.TO Martin Ratio Rank: 75

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. HYLD.TO - Risk-Adjusted Trends Comparison

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

	FTS-PH.TO	HYLD.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.49	2.61	-0.12
Sortino ratio: Return per unit of downside risk	3.61	3.52	+0.08
Omega ratio: Gain probability vs. loss probability	1.49	1.47	+0.03
Calmar ratio: Return relative to maximum drawdown	9.38	3.31	+6.07
Martin ratio: Return relative to average drawdown	25.14	14.63	+10.50
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. HYLD.TO - Sharpe Ratio Comparison

The current FTS-PH.TO Sharpe Ratio is 2.49, which is comparable to the HYLD.TO Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of FTS-PH.TO and HYLD.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	HYLD.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	2.61	-0.12
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	0.69	-0.53

Drawdowns

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

The maximum FTS-PH.TO drawdown since its inception was -56.68%, which is greater than HYLD.TO's maximum drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for FTS-PH.TO and HYLD.TO.

Drawdown Indicators

	FTS-PH.TO	HYLD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-56.68%	-31.38%	-25.30%
Max Drawdown (1Y) Largest decline over 1 year	-2.96%	-12.04%	+9.08%
Max Drawdown (3Y) Largest decline over 3 years	-15.64%	-21.83%	+6.19%
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	-1.18%	0.00%	-1.18%
Average Drawdown Average peak-to-trough decline	-17.41%	-8.91%	-8.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	2.72%	-1.62%

Volatility

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

The current volatility for Fortis Inc. (FTS-PH.TO) is 2.75%, while Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) has a volatility of 4.58%. This indicates that FTS-PH.TO experiences smaller price fluctuations and is considered to be less risky than HYLD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTS-PH.TO	HYLD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	4.58%	-1.83%
Volatility (6M) Calculated over the trailing 6-month period	8.50%	12.17%	-3.67%
Volatility (1Y) Calculated over the trailing 1-year period	11.17%	15.31%	-4.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.70%	19.22%	-1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.30%	19.22%	+2.08%

Dividends

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

FTS-PH.TO's dividend yield for the trailing twelve months is around 4.98%, less than HYLD.TO's 11.23% 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%
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF	11.23%	11.98%	12.13%	12.11%	13.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

FTS-PH.TO and HYLD.TO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.