HBIL-U.TO vs. BIGY

Last updated Jul 17, 2026

HBIL-U.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units) and BIGY ( YieldMax Target 12™ Big 50 Option Income ETF) are both exchange-traded funds - HBIL-U.TO is a Government Bonds fund actively managed by Hamilton, while BIGY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, HBIL-U.TO returned 4.03% vs 18.42% for BIGY. At a 0.13 correlation, their price movements are largely independent.

Performance

HBIL-U.TO vs. BIGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO) and YieldMax Target 12™ Big 50 Option Income ETF (BIGY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HBIL-U.TO achieves a 1.33% return, which is significantly lower than BIGY's 6.10% return.

HBIL-U.TO

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

BIGY

• 1D: -0.42%
• 1M: 0.32%
• 6M: 6.98%
• YTD: 6.10%
• 1Y: 18.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units	1.33%	4.81%	-0.11%
BIGY YieldMax Target 12™ Big 50 Option Income ETF	6.10%	19.14%	-0.10%

Correlation

The correlation between HBIL-U.TO and BIGY is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024	0.13

Return for Risk

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

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

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

BIGY

BIGY Risk / Return Rank: 60
BIGY Sharpe Ratio Rank: 63
BIGY Sortino Ratio Rank: 60
BIGY Omega Ratio Rank: 62
BIGY Calmar Ratio Rank: 55
BIGY Martin Ratio Rank: 59

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.

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

This table presents a comparison of risk-adjusted performance metrics for Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO) and YieldMax Target 12™ Big 50 Option Income ETF (BIGY). 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.

	HBIL-U.TO	BIGY	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.66	+0.46
Sortino ratio: Return per unit of downside risk	2.98	2.29	+0.69
Omega ratio: Gain probability vs. loss probability	1.48	1.30	+0.18
Calmar ratio: Return relative to maximum drawdown	3.79	2.22	+1.57
Martin ratio: Return relative to average drawdown	14.49	8.20	+6.29

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

The current HBIL-U.TO Sharpe Ratio is 2.12, which is comparable to the BIGY Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of HBIL-U.TO and BIGY, 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

HBIL-U.TO vs. BIGY - Drawdown Comparison

The maximum HBIL-U.TO drawdown since its inception was -1.48%, smaller than the maximum BIGY drawdown of -18.93%. Use the drawdown chart below to compare losses from any high point for HBIL-U.TO and BIGY.

Drawdown Indicators

	HBIL-U.TO	BIGY	Difference
Max Drawdown Largest peak-to-trough decline	-1.48%	-18.93%	+17.45%
Max Drawdown (1Y) Largest decline over 1 year	-1.07%	-8.34%	+7.27%
Current Drawdown Current decline from peak	-1.00%	-1.07%	+0.07%
Average Drawdown Average peak-to-trough decline	-0.33%	-2.51%	+2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.28%	2.25%	-1.97%

Volatility

HBIL-U.TO vs. BIGY - Volatility Comparison

The current volatility for Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO) is 1.21%, while YieldMax Target 12™ Big 50 Option Income ETF (BIGY) has a volatility of 2.73%. This indicates that HBIL-U.TO experiences smaller price fluctuations and is considered to be less risky than BIGY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HBIL-U.TO	BIGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.21%	2.73%	-1.52%
Volatility (6M) Calculated over the trailing 6-month period	1.64%	8.50%	-6.86%
Volatility (1Y) Calculated over the trailing 1-year period	1.91%	11.14%	-9.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.12%	16.50%	-14.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.12%	16.50%	-14.38%

Dividends

HBIL-U.TO vs. BIGY - Dividend Comparison

HBIL-U.TO's dividend yield for the trailing twelve months is around 6.75%, less than BIGY's 12.41% yield.

Position	TTM	2025	2024
BIGY YieldMax Target 12™ Big 50 Option Income ETF	12.41%	12.49%	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 HBIL-U.TO and BIGY in my portfolio?

HBIL-U.TO and BIGY have a correlation of 0.18, 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 HBIL-U.TO and BIGY?

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