HBIL.TO vs. BCCL.NEO

Last updated Apr 1, 2026

Compare and contrast key facts about Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.TO) and Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO).

HBIL.TO and BCCL.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HBIL.TO is an actively managed fund by Hamilton Capital. It was launched on Sep 12, 2024. BCCL.NEO is an actively managed fund by Global X. It was launched on Apr 21, 2025.

Performance

HBIL.TO vs. BCCL.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.TO) and Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO). The values are adjusted to include any dividend payments, if applicable.

HBIL.TO vs. BCCL.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
HBIL.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged)	-0.05%	1.63%
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF	-29.77%	-17.22%

Returns By Period

In the year-to-date period, HBIL.TO achieves a -0.05% return, which is significantly higher than BCCL.NEO's -29.77% return.

HBIL.TO

• 1D: -0.27%
• 1M: -0.95%
• YTD: -0.05%
• 6M: 0.35%
• 1Y: 1.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCCL.NEO

• 1D: 0.44%
• 1M: 4.83%
• YTD: -29.77%
• 6M: -50.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HBIL.TO vs. BCCL.NEO - Expense Ratio Comparison

HBIL.TO

Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged)

Return for Risk

HBIL.TO vs. BCCL.NEO — Risk / Return Rank

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

HBIL.TO

HBIL.TO Risk / Return Rank: 45
HBIL.TO Sharpe Ratio Rank: 47
HBIL.TO Sortino Ratio Rank: 43
HBIL.TO Omega Ratio Rank: 40
HBIL.TO Calmar Ratio Rank: 52
HBIL.TO Martin Ratio Rank: 41

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.TO vs. BCCL.NEO - 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 Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO). 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	BCCL.NEO	Difference
Sharpe ratio Return per unit of total volatility	0.85	—	—
Sortino ratio Return per unit of downside risk	1.19	—	—
Omega ratio Gain probability vs. loss probability	1.16	—	—
Calmar ratio Return relative to maximum drawdown	1.33	—	—
Martin ratio Return relative to average drawdown	3.88	—	—
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

	HBIL.TO	BCCL.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	-0.88	+1.37

Correlation

The correlation between HBIL.TO and BCCL.NEO is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

HBIL.TO vs. BCCL.NEO - Dividend Comparison

HBIL.TO's dividend yield for the trailing twelve months is around 6.67%, while BCCL.NEO has not paid dividends to shareholders.

	TTM	2025	2024
HBIL.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged)	6.67%	7.49%	2.58%
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF	0.00%	0.00%	0.00%

Drawdowns

HBIL.TO vs. BCCL.NEO - Drawdown Comparison

The maximum HBIL.TO drawdown since its inception was -1.69%, smaller than the maximum BCCL.NEO drawdown of -57.91%. Use the drawdown chart below to compare losses from any high point for HBIL.TO and BCCL.NEO.

Drawdown Indicators

	HBIL.TO	BCCL.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-1.69%	-57.91%	+56.22%
Max Drawdown (1Y) Largest decline over 1 year	-1.30%	—	—
Current Drawdown Current decline from peak	-0.95%	-54.81%	+53.86%
Average Drawdown Average peak-to-trough decline	-0.48%	-20.78%	+20.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	—	—

Volatility

Volatility by Period

	HBIL.TO	BCCL.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.86%	50.92%	-49.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.06%	50.92%	-48.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.06%	50.92%	-48.86%