HBND.TO vs. POW.TO
HBND.TO ( Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged)) is Government Bonds fund actively managed by Hamilton Capital, while POW.TO (Power Corporation of Canada) is a stock. Over the past year, HBND.TO returned 3.27% vs 72.46% for POW.TO. At a 0.10 correlation, their price movements are largely independent.
Performance
HBND.TO vs. POW.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HBND.TO achieves a 1.71% return, which is significantly lower than POW.TO's 23.39% return.
HBND.TO
- 1D
- -0.11%
- 1M
- 1.94%
- YTD
- 1.71%
- 6M
- 1.14%
- 1Y
- 3.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
POW.TO
- 1D
- 3.01%
- 1M
- 6.93%
- YTD
- 23.39%
- 6M
- 23.73%
- 1Y
- 72.46%
- 3Y*
- 42.01%
- 5Y*
- 23.84%
- 10Y*
- 18.64%
HBND.TO vs. POW.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HBND.TO Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged) | 1.71% | 4.05% | -7.02% | 4.34% |
POW.TO Power Corporation of Canada | 23.39% | 69.73% | 25.05% | 2.19% |
Correlation
The correlation between HBND.TO and POW.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.10 |
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Return for Risk
HBND.TO vs. POW.TO — Risk / Return Rank
HBND.TO
POW.TO
HBND.TO vs. POW.TO - 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 Power Corporation of Canada (POW.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.
| HBND.TO | POW.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.99 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.62 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 5.08 | -4.60 |
| Martin ratioReturn relative to average drawdown | 1.22 | 15.40 | -14.18 |
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Drawdowns
HBND.TO vs. POW.TO - Drawdown Comparison
The maximum HBND.TO drawdown since its inception was -13.62%, smaller than the maximum POW.TO drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for HBND.TO and POW.TO.
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Drawdown Indicators
| HBND.TO | POW.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.62% | -62.40% | +48.78% |
Max Drawdown (1Y)Largest decline over 1 year | -6.76% | -14.33% | +7.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.09% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.16% | — |
Current DrawdownCurrent decline from peak | -6.15% | -1.19% | -4.96% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -13.14% | +6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 4.72% | -2.01% |
Volatility
HBND.TO vs. POW.TO - Volatility Comparison
The current volatility for Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged) (HBND.TO) is 2.51%, while Power Corporation of Canada (POW.TO) has a volatility of 5.96%. This indicates that HBND.TO experiences smaller price fluctuations and is considered to be less risky than POW.TO 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 | POW.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 5.96% | -3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 6.03% | 15.73% | -9.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.49% | 18.72% | -10.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.26% | 17.16% | -5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.26% | 23.03% | -11.77% |
Dividends
HBND.TO vs. POW.TO - Dividend Comparison
HBND.TO's dividend yield for the trailing twelve months is around 10.96%, more than POW.TO's 2.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBND.TO Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged) | 10.96% | 11.84% | 11.51% | 2.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
POW.TO Power Corporation of Canada | 2.90% | 3.36% | 5.02% | 5.54% | 6.22% | 4.40% | 7.51% | 4.77% | 6.13% | 4.36% | 4.38% | 4.23% |
Frequently Asked Questions
HBND.TO and POW.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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