HDIV.TO vs. YAVG.NEO
HDIV.TO (Hamilton Enhanced Multi-Sector Covered Call ETF) and YAVG.NEO (Broadcom (AVGO) Yield Shares Purpose ETF) are both Derivative Income funds. Both are actively managed. Over the past year, HDIV.TO returned 45.50% vs 133.32% for YAVG.NEO. At a 0.33 correlation, their price movements are largely independent.
Performance
HDIV.TO vs. YAVG.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, HDIV.TO achieves a 16.21% return, which is significantly lower than YAVG.NEO's 59.96% return.
HDIV.TO
- 1D
- -0.26%
- 1M
- 6.14%
- YTD
- 16.21%
- 6M
- 17.63%
- 1Y
- 45.50%
- 3Y*
- 27.58%
- 5Y*
- —
- 10Y*
- —
YAVG.NEO
- 1D
- -0.50%
- 1M
- 16.03%
- YTD
- 59.96%
- 6M
- 46.17%
- 1Y
- 133.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDIV.TO vs. YAVG.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HDIV.TO Hamilton Enhanced Multi-Sector Covered Call ETF | 16.21% | 28.15% |
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF | 59.96% | 57.91% |
Correlation
The correlation between HDIV.TO and YAVG.NEO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | 0.33 |
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Return for Risk
HDIV.TO vs. YAVG.NEO — Risk / Return Rank
HDIV.TO
YAVG.NEO
HDIV.TO vs. YAVG.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO) and Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO). 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.
| HDIV.TO | YAVG.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.50 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.24 | 5.18 | +0.06 |
| Martin ratioReturn relative to average drawdown | 25.39 | 15.35 | +10.04 |
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
| HDIV.TO | YAVG.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.67 | 2.81 | +0.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 2.03 | -0.77 |
Drawdowns
HDIV.TO vs. YAVG.NEO - Drawdown Comparison
The maximum HDIV.TO drawdown since its inception was -22.32%, smaller than the maximum YAVG.NEO drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for HDIV.TO and YAVG.NEO.
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Drawdown Indicators
| HDIV.TO | YAVG.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.32% | -39.57% | +17.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -25.90% | +17.17% |
Max Drawdown (3Y)Largest decline over 3 years | -14.58% | — | — |
Current DrawdownCurrent decline from peak | -0.63% | -0.50% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -8.26% | +4.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 8.72% | -6.92% |
Volatility
HDIV.TO vs. YAVG.NEO - Volatility Comparison
The current volatility for Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO) is 3.80%, while Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) has a volatility of 11.15%. This indicates that HDIV.TO experiences smaller price fluctuations and is considered to be less risky than YAVG.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDIV.TO | YAVG.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 11.15% | -7.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 37.61% | -27.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.47% | 47.84% | -35.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 52.43% | -36.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.63% | 52.43% | -36.80% |
Dividends
HDIV.TO vs. YAVG.NEO - Dividend Comparison
HDIV.TO's dividend yield for the trailing twelve months is around 9.33%, less than YAVG.NEO's 21.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HDIV.TO Hamilton Enhanced Multi-Sector Covered Call ETF | 9.33% | 10.09% | 11.38% | 10.41% | 9.64% | 3.39% |
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF | 21.76% | 8.90% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HDIV.TO and YAVG.NEO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Hamilton Capital and Purpose Investments.
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