HBIL.TO vs. AVGY.TO
HBIL.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged)) and AVGY.TO (Harvest Broadcom Enhanced High Income Shares ETF - Class A Units) are both Derivative Income funds. Both are actively managed. Over the past year, HBIL.TO returned 2.87% vs 107.90% for AVGY.TO. At a 0.06 correlation, their price movements are largely independent. HBIL.TO charges 0.35%/yr vs 0.40%/yr for AVGY.TO.
Performance
HBIL.TO vs. AVGY.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HBIL.TO achieves a 0.59% return, which is significantly lower than AVGY.TO's 42.92% return.
HBIL.TO
- 1D
- 0.00%
- 1M
- 0.23%
- YTD
- 0.59%
- 6M
- 0.53%
- 1Y
- 2.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGY.TO
- 1D
- -0.45%
- 1M
- 19.17%
- YTD
- 42.92%
- 6M
- 27.21%
- 1Y
- 107.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBIL.TO vs. AVGY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBIL.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) | 0.59% | 1.92% |
AVGY.TO Harvest Broadcom Enhanced High Income Shares ETF - Class A Units | 42.92% | 83.42% |
Correlation
The correlation between HBIL.TO and AVGY.TO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | 0.06 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HBIL.TO vs. AVGY.TO — Risk / Return Rank
HBIL.TO
AVGY.TO
HBIL.TO vs. AVGY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.TO) and Harvest Broadcom Enhanced High Income Shares ETF - Class A Units (AVGY.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.
| HBIL.TO | AVGY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.38 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 3.81 | -0.78 |
| Martin ratioReturn relative to average drawdown | 9.74 | 8.81 | +0.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HBIL.TO | AVGY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 2.39 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 2.30 | -1.66 |
Drawdowns
HBIL.TO vs. AVGY.TO - Drawdown Comparison
The maximum HBIL.TO drawdown since its inception was -1.69%, smaller than the maximum AVGY.TO drawdown of -28.78%. Use the drawdown chart below to compare losses from any high point for HBIL.TO and AVGY.TO.
Loading charts...
Drawdown Indicators
| HBIL.TO | AVGY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.69% | -28.78% | +27.09% |
Max Drawdown (1Y)Largest decline over 1 year | -0.95% | -28.50% | +27.55% |
Current DrawdownCurrent decline from peak | -0.31% | -0.45% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -0.48% | -8.43% | +7.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 12.29% | -11.99% |
Volatility
HBIL.TO vs. AVGY.TO - Volatility Comparison
The current volatility for Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.TO) is 0.62%, while Harvest Broadcom Enhanced High Income Shares ETF - Class A Units (AVGY.TO) has a volatility of 13.20%. This indicates that HBIL.TO experiences smaller price fluctuations and is considered to be less risky than AVGY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HBIL.TO | AVGY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 13.20% | -12.58% |
Volatility (6M)Calculated over the trailing 6-month period | 1.24% | 33.23% | -31.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.66% | 45.46% | -43.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.03% | 51.13% | -49.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.03% | 51.13% | -49.10% |
HBIL.TO vs. AVGY.TO - Expense Ratio Comparison
HBIL.TO has a 0.35% expense ratio, which is lower than AVGY.TO's 0.40% expense ratio.
Dividends
HBIL.TO vs. AVGY.TO - Dividend Comparison
HBIL.TO's dividend yield for the trailing twelve months is around 6.52%, less than AVGY.TO's 19.08% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AVGY.TO Harvest Broadcom Enhanced High Income Shares ETF - Class A Units | 19.08% | 14.82% | 0.00% |
HBIL.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) | 6.52% | 7.49% | 2.58% |
Frequently Asked Questions
HBIL.TO and AVGY.TO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HBIL.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HBIL.TO is cheaper with a 0.35% expense ratio, compared with 0.40% for AVGY.TO.
They also come from different issuers: Hamilton Capital and Harvest. Their fees differ too: 0.35% for HBIL.TO and 0.40% for AVGY.TO.
Find the right allocation for HBIL.TO and AVGY.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer