GOGY.TO vs. HDIV.TO

Last updated Jun 4, 2026

GOGY.TO (Harvest Alphabet Enhanced High Income Shares ETF Class A Units) and HDIV.TO (Hamilton Enhanced Multi-Sector Covered Call ETF) are both Derivative Income funds. Both are actively managed. Over the past year, GOGY.TO returned 123.99% vs 45.50% for HDIV.TO. At a 0.36 correlation, their price movements are largely independent. GOGY.TO charges 0.40%/yr vs 0.00%/yr for HDIV.TO.

Performance

GOGY.TO vs. HDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Alphabet Enhanced High Income Shares ETF Class A Units (GOGY.TO) and Hamilton Enhanced Multi-Sector 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, GOGY.TO achieves a 14.33% return, which is significantly lower than HDIV.TO's 16.21% return.

GOGY.TO

• 1D: -0.88%
• 1M: -5.59%
• YTD: 14.33%
• 6M: 10.62%
• 1Y: 123.99%
• 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*: —

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

GOGY.TO vs. HDIV.TO - Yearly Performance Comparison

	2026 (YTD)	2025
GOGY.TO Harvest Alphabet Enhanced High Income Shares ETF Class A Units	14.33%	80.98%
HDIV.TO Hamilton Enhanced Multi-Sector Covered Call ETF	16.21%	34.26%

Correlation

The correlation between GOGY.TO and HDIV.TO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025	0.36

Return for Risk

GOGY.TO vs. HDIV.TO — Risk / Return Rank

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

GOGY.TO

GOGY.TO Risk / Return Rank: 93
GOGY.TO Sharpe Ratio Rank: 96
GOGY.TO Sortino Ratio Rank: 95
GOGY.TO Omega Ratio Rank: 92
GOGY.TO Calmar Ratio Rank: 92
GOGY.TO Martin Ratio Rank: 92

HDIV.TO

HDIV.TO Risk / Return Rank: 92
HDIV.TO Sharpe Ratio Rank: 94
HDIV.TO Sortino Ratio Rank: 93
HDIV.TO Omega Ratio Rank: 94
HDIV.TO Calmar Ratio Rank: 88
HDIV.TO Martin Ratio Rank: 93

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.

GOGY.TO vs. HDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Alphabet Enhanced High Income Shares ETF Class A Units (GOGY.TO) and Hamilton Enhanced Multi-Sector 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.

	GOGY.TO	HDIV.TO	Difference
Sharpe ratio Return per unit of total volatility	4.08	3.67	+0.41
Sortino ratio Return per unit of downside risk	5.07	4.70	+0.37
Omega ratio Gain probability vs. loss probability	1.62	1.68	-0.06
Calmar ratio Return relative to maximum drawdown	6.19	5.24	+0.96
Martin ratio Return relative to average drawdown	22.77	25.39	-2.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOGY.TO vs. HDIV.TO - Sharpe Ratio Comparison

The current GOGY.TO Sharpe Ratio is 4.08, which is comparable to the HDIV.TO Sharpe Ratio of 3.67. The chart below compares the historical Sharpe Ratios of GOGY.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

	GOGY.TO	HDIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.08	3.67	+0.41
Sharpe Ratio (All Time) Calculated using the full available price history	2.31	1.26	+1.05

Drawdowns

GOGY.TO vs. HDIV.TO - Drawdown Comparison

The maximum GOGY.TO drawdown since its inception was -20.87%, smaller than the maximum HDIV.TO drawdown of -22.32%. Use the drawdown chart below to compare losses from any high point for GOGY.TO and HDIV.TO.

Drawdown Indicators

	GOGY.TO	HDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-20.87%	-22.32%	+1.45%
Max Drawdown (1Y) Largest decline over 1 year	-20.14%	-8.73%	-11.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.58%	—
Current Drawdown Current decline from peak	-10.57%	-0.63%	-9.94%
Average Drawdown Average peak-to-trough decline	-5.07%	-4.22%	-0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.47%	1.80%	+3.67%

Volatility

GOGY.TO vs. HDIV.TO - Volatility Comparison

Harvest Alphabet Enhanced High Income Shares ETF Class A Units (GOGY.TO) has a higher volatility of 9.16% compared to Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO) at 3.80%. This indicates that GOGY.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.

Volatility by Period

	GOGY.TO	HDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.16%	3.80%	+5.36%
Volatility (6M) Calculated over the trailing 6-month period	21.42%	10.29%	+11.13%
Volatility (1Y) Calculated over the trailing 1-year period	30.67%	12.47%	+18.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.61%	15.63%	+18.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.61%	15.63%	+18.98%

GOGY.TO vs. HDIV.TO - Expense Ratio Comparison

GOGY.TO has a 0.40% expense ratio, which is higher than HDIV.TO's 0.00% expense ratio.

Dividends

GOGY.TO vs. HDIV.TO - Dividend Comparison

GOGY.TO's dividend yield for the trailing twelve months is around 12.78%, more than HDIV.TO's 9.33% yield.

Position	TTM	2025	2024	2023	2022	2021
GOGY.TO Harvest Alphabet Enhanced High Income Shares ETF Class A Units	12.78%	8.04%	0.00%	0.00%	0.00%	0.00%
HDIV.TO Hamilton Enhanced Multi-Sector Covered Call ETF	9.33%	10.09%	11.38%	10.41%	9.64%	3.39%

Frequently Asked Questions

Can I hold both GOGY.TO and HDIV.TO in my portfolio?

GOGY.TO and HDIV.TO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GOGY.TO or HDIV.TO?

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.

Which ETF is cheaper, GOGY.TO or HDIV.TO?

HDIV.TO is cheaper with a 0.00% expense ratio, compared with 0.40% for GOGY.TO.

What is the main difference between GOGY.TO and HDIV.TO?

They also come from different issuers: Harvest and Hamilton Capital. Their fees differ too: 0.40% for GOGY.TO and 0.00% for HDIV.TO.