HBND.TO vs. SCHZ
Compare and contrast key facts about Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged) (HBND.TO) and Schwab U.S. Aggregate Bond ETF (SCHZ).
HBND.TO and SCHZ 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. SCHZ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate Bond Index. It was launched on Jul 14, 2011.
Performance
HBND.TO vs. SCHZ - Performance Comparison
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HBND.TO vs. SCHZ - 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% |
SCHZ Schwab U.S. Aggregate Bond ETF | 1.40% | 2.32% | 9.96% | 2.93% |
Different Trading Currencies
HBND.TO is traded in CAD, while SCHZ is traded in USD. To make them comparable, the SCHZ 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 SCHZ's 1.40% return.
HBND.TO
- 1D
- -0.72%
- 1M
- -4.53%
- YTD
- -1.01%
- 6M
- -1.85%
- 1Y
- -1.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHZ
- 1D
- 0.15%
- 1M
- 0.19%
- YTD
- 1.40%
- 6M
- 0.86%
- 1Y
- 0.93%
- 3Y*
- 4.56%
- 5Y*
- 2.29%
- 10Y*
- 2.29%
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HBND.TO vs. SCHZ - Expense Ratio Comparison
HBND.TO has a 0.45% expense ratio, which is higher than SCHZ's 0.03% expense ratio.
Return for Risk
HBND.TO vs. SCHZ — Risk / Return Rank
HBND.TO
SCHZ
HBND.TO vs. SCHZ - 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 Schwab U.S. Aggregate Bond ETF (SCHZ). 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 | SCHZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.13 | 0.15 | -0.28 |
Sortino ratioReturn per unit of downside risk | -0.11 | 0.24 | -0.35 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.03 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | -0.07 | 0.27 | -0.34 |
Martin ratioReturn relative to average drawdown | -0.16 | 0.54 | -0.70 |
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 | SCHZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.13 | 0.15 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.29 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.57 | -0.55 |
Correlation
The correlation between HBND.TO and SCHZ is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HBND.TO vs. SCHZ - Dividend Comparison
HBND.TO's dividend yield for the trailing twelve months is around 10.88%, more than SCHZ's 4.07% 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% |
SCHZ Schwab U.S. Aggregate Bond ETF | 4.07% | 4.05% | 3.96% | 3.28% | 2.63% | 2.16% | 2.43% | 2.79% | 2.56% | 2.40% | 2.24% | 2.11% |
Drawdowns
HBND.TO vs. SCHZ - Drawdown Comparison
The maximum HBND.TO drawdown since its inception was -13.65%, smaller than the maximum SCHZ drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for HBND.TO and SCHZ.
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Drawdown Indicators
| HBND.TO | SCHZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.65% | -18.74% | +5.09% |
Max Drawdown (1Y)Largest decline over 1 year | -8.60% | -2.51% | -6.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.74% | — |
Current DrawdownCurrent decline from peak | -8.67% | -2.71% | -5.96% |
Average DrawdownAverage peak-to-trough decline | -6.39% | -3.70% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 0.87% | +3.08% |
Volatility
HBND.TO vs. SCHZ - Volatility Comparison
Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged) (HBND.TO) has a higher volatility of 3.46% compared to Schwab U.S. Aggregate Bond ETF (SCHZ) at 2.14%. This indicates that HBND.TO's price experiences larger fluctuations and is considered to be riskier than SCHZ 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 | SCHZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 2.14% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 5.93% | 4.21% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.30% | 6.42% | +3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.57% | 7.84% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.57% | 7.97% | +3.60% |