HBIL.TO vs. YCST.NEO
HBIL.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged)) and YCST.NEO (Costco (COST) Yield Shares Purpose ETF) are both Derivative Income funds. Both are actively managed. Over the past year, HBIL.TO returned 2.87% vs -7.85% for YCST.NEO. At a 0.00 correlation, their price movements are largely independent. HBIL.TO charges 0.35%/yr vs 0.40%/yr for YCST.NEO.
Performance
HBIL.TO vs. YCST.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, HBIL.TO achieves a 0.59% return, which is significantly lower than YCST.NEO's 12.72% return.
HBIL.TO
- 1D
- 0.00%
- 1M
- 0.23%
- YTD
- 0.59%
- 6M
- 0.53%
- 1Y
- 2.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YCST.NEO
- 1D
- 0.77%
- 1M
- -5.63%
- YTD
- 12.72%
- 6M
- 5.30%
- 1Y
- -7.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBIL.TO vs. YCST.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBIL.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) | 0.59% | 2.29% |
YCST.NEO Costco (COST) Yield Shares Purpose ETF | 12.72% | -16.43% |
Correlation
The correlation between HBIL.TO and YCST.NEO is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | 0.00 |
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Return for Risk
HBIL.TO vs. YCST.NEO — Risk / Return Rank
HBIL.TO
YCST.NEO
HBIL.TO vs. YCST.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 Costco (COST) Yield Shares Purpose ETF (YCST.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 | YCST.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +3.12 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.95 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | -0.40 | +3.43 |
| Martin ratioReturn relative to average drawdown | 9.74 | -0.81 | +10.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HBIL.TO | YCST.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | -0.38 | +2.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | -0.18 | +0.82 |
Drawdowns
HBIL.TO vs. YCST.NEO - Drawdown Comparison
The maximum HBIL.TO drawdown since its inception was -1.69%, smaller than the maximum YCST.NEO drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for HBIL.TO and YCST.NEO.
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Drawdown Indicators
| HBIL.TO | YCST.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.69% | -19.70% | +18.01% |
Max Drawdown (1Y)Largest decline over 1 year | -0.95% | -19.54% | +18.59% |
Current DrawdownCurrent decline from peak | -0.31% | -12.62% | +12.31% |
Average DrawdownAverage peak-to-trough decline | -0.48% | -8.56% | +8.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 9.91% | -9.61% |
Volatility
HBIL.TO vs. YCST.NEO - Volatility Comparison
The current volatility for Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.TO) is 0.62%, while Costco (COST) Yield Shares Purpose ETF (YCST.NEO) has a volatility of 10.33%. This indicates that HBIL.TO experiences smaller price fluctuations and is considered to be less risky than YCST.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBIL.TO | YCST.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 10.33% | -9.71% |
Volatility (6M)Calculated over the trailing 6-month period | 1.24% | 16.64% | -15.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.66% | 20.54% | -18.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.03% | 25.22% | -23.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.03% | 25.22% | -23.19% |
HBIL.TO vs. YCST.NEO - Expense Ratio Comparison
HBIL.TO has a 0.35% expense ratio, which is lower than YCST.NEO's 0.40% expense ratio.
Dividends
HBIL.TO vs. YCST.NEO - Dividend Comparison
HBIL.TO's dividend yield for the trailing twelve months is around 6.52%, less than YCST.NEO's 14.01% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HBIL.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) | 6.52% | 7.49% | 2.58% |
YCST.NEO Costco (COST) Yield Shares Purpose ETF | 14.01% | 10.21% | 0.00% |
Frequently Asked Questions
HBIL.TO and YCST.NEO have a correlation of -0.01, 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 YCST.NEO.
They also come from different issuers: Hamilton Capital and Purpose Investments. Their fees differ too: 0.35% for HBIL.TO and 0.40% for YCST.NEO.
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