HBA.TO vs. SIXY.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Hamilton Australian Bank Equal-Weight Index ETF (HBA.TO) and Evolve Big Six Canadian Banks UltraYield Index ETF (SIXY.TO).

HBA.TO and SIXY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HBA.TO is a passively managed fund by Hamilton that tracks the performance of the Solactive Australian Bank Equal-Weight Index. It was launched on Jun 26, 2020. SIXY.TO is a passively managed fund by Evolve that tracks the performance of the Solactive Equal Weight Canada Banks Index. It was launched on Dec 1, 2025. Both HBA.TO and SIXY.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HBA.TO vs. SIXY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Australian Bank Equal-Weight Index ETF (HBA.TO) and Evolve Big Six Canadian Banks UltraYield Index ETF (SIXY.TO). The values are adjusted to include any dividend payments, if applicable.

HBA.TO vs. SIXY.TO - Yearly Performance Comparison

	2026 (YTD)	2025
HBA.TO Hamilton Australian Bank Equal-Weight Index ETF	0.36%	5.24%
SIXY.TO Evolve Big Six Canadian Banks UltraYield Index ETF	0.37%	5.33%

Returns By Period

The year-to-date returns for both investments are quite close, with HBA.TO having a 0.36% return and SIXY.TO slightly higher at 0.37%.

HBA.TO

• 1D: -0.07%
• 1M: -8.86%
• YTD: 0.36%
• 6M: 0.66%
• 1Y: 18.74%
• 3Y*: 19.43%
• 5Y*: 13.44%
• 10Y*: —

SIXY.TO

• 1D: 2.33%
• 1M: -5.44%
• YTD: 0.37%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HBA.TO vs. SIXY.TO - Expense Ratio Comparison

SIXY.TO

Evolve Big Six Canadian Banks UltraYield Index ETF

Return for Risk

HBA.TO vs. SIXY.TO — Risk / Return Rank

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

HBA.TO

HBA.TO Risk / Return Rank: 54
HBA.TO Sharpe Ratio Rank: 54
HBA.TO Sortino Ratio Rank: 51
HBA.TO Omega Ratio Rank: 47
HBA.TO Calmar Ratio Rank: 70
HBA.TO Martin Ratio Rank: 47

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.

HBA.TO vs. SIXY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Australian Bank Equal-Weight Index ETF (HBA.TO) and Evolve Big Six Canadian Banks UltraYield Index ETF (SIXY.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.

	HBA.TO	SIXY.TO	Difference
Sharpe ratio Return per unit of total volatility	1.00	—	—
Sortino ratio Return per unit of downside risk	1.42	—	—
Omega ratio Gain probability vs. loss probability	1.19	—	—
Calmar ratio Return relative to maximum drawdown	1.85	—	—
Martin ratio Return relative to average drawdown	4.60	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HBA.TO	SIXY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	1.07	-0.06

Correlation

The correlation between HBA.TO and SIXY.TO is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HBA.TO vs. SIXY.TO - Dividend Comparison

HBA.TO's dividend yield for the trailing twelve months is around 3.07%, less than SIXY.TO's 5.76% yield.

	TTM	2025	2024	2023	2022	2021	2020
HBA.TO Hamilton Australian Bank Equal-Weight Index ETF	3.07%	4.11%	4.45%	6.67%	8.56%	5.81%	2.66%
SIXY.TO Evolve Big Six Canadian Banks UltraYield Index ETF	5.76%	1.59%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HBA.TO vs. SIXY.TO - Drawdown Comparison

The maximum HBA.TO drawdown since its inception was -21.15%, which is greater than SIXY.TO's maximum drawdown of -9.64%. Use the drawdown chart below to compare losses from any high point for HBA.TO and SIXY.TO.

Drawdown Indicators

	HBA.TO	SIXY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-21.15%	-9.64%	-11.51%
Max Drawdown (1Y) Largest decline over 1 year	-10.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.15%	—	—
Current Drawdown Current decline from peak	-10.17%	-7.31%	-2.86%
Average Drawdown Average peak-to-trough decline	-4.46%	-2.19%	-2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	—	—

Volatility

Volatility by Period

	HBA.TO	SIXY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.91%	17.71%	+1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.59%	17.71%	-0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.17%	17.71%	+0.46%