HBIL-U.TO vs. QMVP.TO

Last updated Jul 16, 2026

HBIL-U.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units) and QMVP.TO (Hamilton Champions U.S. Technology Index ETF) are both exchange-traded funds - HBIL-U.TO is a Government Bonds fund actively managed by Hamilton, while QMVP.TO is a Technology Equities fund tracking the Solactive Hamilton Champions U.S. Technology Index. HBIL-U.TO is actively managed, while QMVP.TO is passively managed. At a 0.21 correlation, their price movements are largely independent.

Performance

HBIL-U.TO vs. QMVP.TO - 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 Hamilton Champions U.S. Technology Index ETF (QMVP.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HBIL-U.TO is traded in USD, while QMVP.TO is traded in CAD. To make them comparable, the QMVP.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

HBIL-U.TO

• 1D: -0.07%
• 1M: -0.04%
• 6M: 1.06%
• YTD: 1.33%
• 1Y: 4.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QMVP.TO

• 1D: 0.40%
• 1M: -1.50%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units	1.26%
QMVP.TO Hamilton Champions U.S. Technology Index ETF	24.43%

Correlation

The correlation between HBIL-U.TO and QMVP.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 21, 2026	0.21

Return for Risk

HBIL-U.TO vs. QMVP.TO — 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: 83
HBIL-U.TO Sortino Ratio Rank: 83
HBIL-U.TO Omega Ratio Rank: 91
HBIL-U.TO Calmar Ratio Rank: 85
HBIL-U.TO Martin Ratio Rank: 88

QMVP.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. QMVP.TO - 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 Hamilton Champions U.S. Technology Index ETF (QMVP.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.

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	QMVP.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.12	—	—
Sortino ratio: Return per unit of downside risk	2.98	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	3.79	—	—
Martin ratio: Return relative to average drawdown	14.88	—	—

Drawdowns

HBIL-U.TO vs. QMVP.TO - Drawdown Comparison

The maximum HBIL-U.TO drawdown since its inception was -1.48%, smaller than the maximum QMVP.TO drawdown of -14.70%. Use the drawdown chart below to compare losses from any high point for HBIL-U.TO and QMVP.TO.

Drawdown Indicators

	HBIL-U.TO	QMVP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-1.48%	-14.70%	+13.22%
Max Drawdown (1Y) Largest decline over 1 year	-1.07%	—	—
Current Drawdown Current decline from peak	-1.00%	-3.53%	+2.53%
Average Drawdown Average peak-to-trough decline	-0.32%	-4.31%	+3.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.27%	—	—

Volatility

Volatility by Period

	HBIL-U.TO	QMVP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.91%	25.64%	-23.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.12%	25.64%	-23.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.12%	25.64%	-23.52%

Dividends

HBIL-U.TO vs. QMVP.TO - Dividend Comparison

HBIL-U.TO's dividend yield for the trailing twelve months is around 6.75%, more than QMVP.TO's 0.25% yield.

Position	TTM	2025	2024
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units	6.75%	7.37%	2.40%
QMVP.TO Hamilton Champions U.S. Technology Index ETF	0.25%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HBIL-U.TO and QMVP.TO in my portfolio?

HBIL-U.TO and QMVP.TO have a correlation of 0.21, 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 QMVP.TO?

HBIL-U.TO is categorized as Government Bonds, while QMVP.TO is Technology Equities.