HBND.TO vs. HYXU
Compare and contrast key facts about Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged) (HBND.TO) and iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU).
HBND.TO and HYXU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HBND.TO is an actively managed fund by Hamilton Capital. It was launched on Aug 21, 2024. HYXU is a passively managed fund by iShares that tracks the performance of the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. It was launched on Apr 3, 2012.
Performance
HBND.TO vs. HYXU - Performance Comparison
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HBND.TO vs. HYXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HBND.TO Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged) | -1.01% | 4.05% | -7.02% | 4.80% |
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF | 0.37% | 12.02% | 8.00% | 7.80% |
Different Trading Currencies
HBND.TO is traded in CAD, while HYXU is traded in USD. To make them comparable, the HYXU values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HBND.TO achieves a -1.01% return, which is significantly lower than HYXU's 0.37% return.
HBND.TO
- 1D
- -0.72%
- 1M
- -4.53%
- YTD
- -1.01%
- 6M
- -1.85%
- 1Y
- -1.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYXU
- 1D
- 0.83%
- 1M
- 0.03%
- YTD
- 0.37%
- 6M
- -1.79%
- 1Y
- 7.34%
- 3Y*
- 9.83%
- 5Y*
- 4.19%
- 10Y*
- 4.20%
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HBND.TO vs. HYXU - Expense Ratio Comparison
HBND.TO has a 0.45% expense ratio, which is higher than HYXU's 0.35% expense ratio.
Return for Risk
HBND.TO vs. HYXU — Risk / Return Rank
HBND.TO
HYXU
HBND.TO vs. HYXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged) (HBND.TO) and iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU). 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.
| HBND.TO | HYXU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.13 | 1.19 | -1.32 |
Sortino ratioReturn per unit of downside risk | -0.11 | 1.64 | -1.75 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.22 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | -0.07 | 1.85 | -1.92 |
Martin ratioReturn relative to average drawdown | -0.16 | 4.97 | -5.12 |
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
| HBND.TO | HYXU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.13 | 1.19 | -1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.52 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.63 | -0.62 |
Correlation
The correlation between HBND.TO and HYXU is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HBND.TO vs. HYXU - Dividend Comparison
HBND.TO's dividend yield for the trailing twelve months is around 10.88%, more than HYXU's 4.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBND.TO Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged) | 10.88% | 11.84% | 11.51% | 2.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF | 4.22% | 3.56% | 5.11% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.70% | 3.24% |
Drawdowns
HBND.TO vs. HYXU - Drawdown Comparison
The maximum HBND.TO drawdown since its inception was -13.65%, smaller than the maximum HYXU drawdown of -26.12%. Use the drawdown chart below to compare losses from any high point for HBND.TO and HYXU.
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Drawdown Indicators
| HBND.TO | HYXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.65% | -32.45% | +18.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.60% | -3.50% | -5.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.45% | — |
Current DrawdownCurrent decline from peak | -8.67% | -2.59% | -6.08% |
Average DrawdownAverage peak-to-trough decline | -6.39% | -8.68% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 1.48% | +2.47% |
Volatility
HBND.TO vs. HYXU - Volatility Comparison
Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged) (HBND.TO) has a higher volatility of 3.46% compared to iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU) at 2.44%. This indicates that HBND.TO's price experiences larger fluctuations and is considered to be riskier than HYXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBND.TO | HYXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 2.44% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 5.93% | 4.25% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.30% | 6.21% | +4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.57% | 8.02% | +3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.57% | 8.93% | +2.64% |