HBIX.NEO vs. HYLD.TO
HBIX.NEO (Harvest Bitcoin Enhanced Income ETF) and HYLD.TO (Hamilton Enhanced U.S. Covered Call ETF) are both exchange-traded funds - HBIX.NEO is a Leveraged Cryptocurrency fund actively managed by Harvest, while HYLD.TO is a Derivative Income fund actively managed by Hamilton Capital. Both are actively managed. Over the past year, HBIX.NEO returned -42.38% vs 35.16% for HYLD.TO. At a 0.47 correlation, their price movements are largely independent. HBIX.NEO charges 0.65%/yr vs 2.37%/yr for HYLD.TO.
Performance
HBIX.NEO vs. HYLD.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HBIX.NEO achieves a -30.77% return, which is significantly lower than HYLD.TO's 13.12% return.
HBIX.NEO
- 1D
- 3.78%
- 1M
- -21.97%
- YTD
- -30.77%
- 6M
- -32.37%
- 1Y
- -42.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYLD.TO
- 1D
- 0.51%
- 1M
- 2.16%
- YTD
- 13.12%
- 6M
- 13.21%
- 1Y
- 35.16%
- 3Y*
- 22.69%
- 5Y*
- —
- 10Y*
- —
HBIX.NEO vs. HYLD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBIX.NEO Harvest Bitcoin Enhanced Income ETF | -30.77% | -9.56% |
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 13.12% | 28.36% |
Correlation
The correlation between HBIX.NEO and HYLD.TO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 5, 2025 | 0.47 |
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
HBIX.NEO vs. HYLD.TO — Risk / Return Rank
HBIX.NEO
HYLD.TO
HBIX.NEO vs. HYLD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) and Hamilton Enhanced U.S. Covered Call ETF (HYLD.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.
| HBIX.NEO | HYLD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.95 | ||
| Sortino ratioReturn per unit of downside risk | -3.98 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.38 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 2.82 | -3.59 |
| Martin ratioReturn relative to average drawdown | -1.33 | 12.20 | -13.53 |
Loading charts...
Drawdowns
HBIX.NEO vs. HYLD.TO - Drawdown Comparison
The maximum HBIX.NEO drawdown since its inception was -57.09%, which is greater than HYLD.TO's maximum drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for HBIX.NEO and HYLD.TO.
Loading charts...
Drawdown Indicators
| HBIX.NEO | HYLD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.09% | -31.38% | -25.71% |
Max Drawdown (1Y)Largest decline over 1 year | -57.09% | -12.01% | -45.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.83% | — |
Current DrawdownCurrent decline from peak | -54.15% | -2.28% | -51.87% |
Average DrawdownAverage peak-to-trough decline | -24.75% | -8.86% | -15.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.88% | 2.77% | +30.11% |
Volatility
HBIX.NEO vs. HYLD.TO - Volatility Comparison
Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) has a higher volatility of 14.38% compared to Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) at 6.46%. This indicates that HBIX.NEO's price experiences larger fluctuations and is considered to be riskier than HYLD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HBIX.NEO | HYLD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.38% | 6.46% | +7.92% |
Volatility (6M)Calculated over the trailing 6-month period | 41.42% | 13.24% | +28.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.20% | 16.10% | +36.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.19% | 19.32% | +31.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.19% | 19.32% | +31.87% |
HBIX.NEO vs. HYLD.TO - Expense Ratio Comparison
HBIX.NEO has a 0.65% expense ratio, which is lower than HYLD.TO's 2.37% expense ratio.
Dividends
HBIX.NEO vs. HYLD.TO - Dividend Comparison
HBIX.NEO's dividend yield for the trailing twelve months is around 45.75%, more than HYLD.TO's 11.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HBIX.NEO Harvest Bitcoin Enhanced Income ETF | 45.75% | 20.21% | 0.00% | 0.00% | 0.00% |
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 11.49% | 11.98% | 12.13% | 12.11% | 13.02% |
Frequently Asked Questions
HBIX.NEO and HYLD.TO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HBIX.NEO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HBIX.NEO is cheaper with a 0.65% expense ratio, compared with 2.37% for HYLD.TO.
HBIX.NEO is categorized as Leveraged Cryptocurrency, while HYLD.TO is Derivative Income. They also come from different issuers: Harvest and Hamilton Capital. Their fees differ too: 0.65% for HBIX.NEO and 2.37% for HYLD.TO.
Find the right allocation for HBIX.NEO and HYLD.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