HDIV.TO vs. XDIV.TO
Compare and contrast key facts about Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO).
HDIV.TO and XDIV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDIV.TO is an actively managed fund by Hamilton Capital. It was launched on Jul 19, 2021. XDIV.TO is a passively managed fund by iShares that tracks the performance of the MSCI Canada High Dividend Yield 10% Security Capped Index. It was launched on Jun 12, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HDIV.TO or XDIV.TO.
Correlation
The correlation between HDIV.TO and XDIV.TO is 0.63, 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.
Performance
HDIV.TO vs. XDIV.TO - Performance Comparison
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Key characteristics
HDIV.TO:
0.99
XDIV.TO:
1.38
HDIV.TO:
1.38
XDIV.TO:
1.75
HDIV.TO:
1.21
XDIV.TO:
1.27
HDIV.TO:
1.14
XDIV.TO:
1.50
HDIV.TO:
5.18
XDIV.TO:
4.89
HDIV.TO:
3.20%
XDIV.TO:
3.24%
HDIV.TO:
16.94%
XDIV.TO:
11.55%
HDIV.TO:
-22.33%
XDIV.TO:
-41.30%
HDIV.TO:
-1.00%
XDIV.TO:
-2.15%
Returns By Period
In the year-to-date period, HDIV.TO achieves a 3.67% return, which is significantly lower than XDIV.TO's 4.79% return.
HDIV.TO
3.67%
10.03%
3.08%
16.71%
N/A
N/A
XDIV.TO
4.79%
7.60%
1.13%
15.94%
17.95%
N/A
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HDIV.TO vs. XDIV.TO - Expense Ratio Comparison
HDIV.TO has a 0.00% expense ratio, which is lower than XDIV.TO's 0.11% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
HDIV.TO vs. XDIV.TO — Risk-Adjusted Performance Rank
HDIV.TO
XDIV.TO
HDIV.TO vs. XDIV.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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.
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Dividends
HDIV.TO vs. XDIV.TO - Dividend Comparison
HDIV.TO's dividend yield for the trailing twelve months is around 11.87%, more than XDIV.TO's 4.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
HDIV.TO Hamilton Enhanced Multi-Sector Covered Call ETF | 11.87% | 11.38% | 10.41% | 9.64% | 3.37% | 0.00% | 0.00% | 0.00% | 0.00% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 4.16% | 4.40% | 4.30% | 4.04% | 3.66% | 4.69% | 4.11% | 4.97% | 1.86% |
Drawdowns
HDIV.TO vs. XDIV.TO - Drawdown Comparison
The maximum HDIV.TO drawdown since its inception was -22.33%, smaller than the maximum XDIV.TO drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for HDIV.TO and XDIV.TO. For additional features, visit the drawdowns tool.
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Volatility
HDIV.TO vs. XDIV.TO - Volatility Comparison
Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO) has a higher volatility of 2.83% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.29%. This indicates that HDIV.TO's price experiences larger fluctuations and is considered to be riskier than XDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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