HEB.TO vs. HYLD-U.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Hamilton Canadian Bank Equal-Weight Index ETF (HEB.TO) and Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO).

HEB.TO and HYLD-U.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEB.TO is a passively managed fund by Hamilton that tracks the performance of the Solactive Equal Weight Canada Banks Index. It was launched on Apr 3, 2023. HYLD-U.TO is an actively managed fund by Hamilton. It was launched on Feb 4, 2022.

Performance

HEB.TO vs. HYLD-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Canadian Bank Equal-Weight Index ETF (HEB.TO) and Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO). The values are adjusted to include any dividend payments, if applicable.

HEB.TO vs. HYLD-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HEB.TO Hamilton Canadian Bank Equal-Weight Index ETF	3.43%	44.00%	23.58%	8.60%
HYLD-U.TO Hamilton Enhanced U.S. Covered Call ETF (USD)	-4.55%	14.33%	34.31%	7.77%

Different Trading Currencies

HEB.TO is traded in CAD, while HYLD-U.TO is traded in USD. To make them comparable, the HYLD-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HEB.TO achieves a 3.43% return, which is significantly higher than HYLD-U.TO's -4.55% return.

HEB.TO

• 1D: 1.53%
• 1M: -2.98%
• YTD: 3.43%
• 6M: 15.71%
• 1Y: 55.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYLD-U.TO

• 1D: 1.19%
• 1M: -2.80%
• YTD: -4.55%
• 6M: -3.27%
• 1Y: 16.98%
• 3Y*: 16.54%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HEB.TO vs. HYLD-U.TO - Expense Ratio Comparison

HEB.TO

Hamilton Canadian Bank Equal-Weight Index ETF

Return for Risk

HEB.TO vs. HYLD-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HEB.TO

HEB.TO Risk / Return Rank: 98
HEB.TO Sharpe Ratio Rank: 98
HEB.TO Sortino Ratio Rank: 98
HEB.TO Omega Ratio Rank: 98
HEB.TO Calmar Ratio Rank: 98
HEB.TO Martin Ratio Rank: 98

HYLD-U.TO

HYLD-U.TO Risk / Return Rank: 49
HYLD-U.TO Sharpe Ratio Rank: 46
HYLD-U.TO Sortino Ratio Rank: 49
HYLD-U.TO Omega Ratio Rank: 53
HYLD-U.TO Calmar Ratio Rank: 47
HYLD-U.TO Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HEB.TO vs. HYLD-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Canadian Bank Equal-Weight Index ETF (HEB.TO) and Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.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.

	HEB.TO	HYLD-U.TO	Difference
Sharpe ratio Return per unit of total volatility	4.09	0.77	+3.31
Sortino ratio Return per unit of downside risk	5.19	1.20	+3.99
Omega ratio Gain probability vs. loss probability	1.79	1.18	+0.61
Calmar ratio Return relative to maximum drawdown	6.13	1.15	+4.98
Martin ratio Return relative to average drawdown	26.07	3.85	+22.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HEB.TO vs. HYLD-U.TO - Sharpe Ratio Comparison

The current HEB.TO Sharpe Ratio is 4.09, which is higher than the HYLD-U.TO Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of HEB.TO and HYLD-U.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HEB.TO	HYLD-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.09	0.77	+3.31
Sharpe Ratio (All Time) Calculated using the full available price history	2.06	0.51	+1.55

Correlation

The correlation between HEB.TO and HYLD-U.TO is 0.39, 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

HEB.TO vs. HYLD-U.TO - Dividend Comparison

HEB.TO's dividend yield for the trailing twelve months is around 3.20%, less than HYLD-U.TO's 8.98% yield.

	TTM	2025	2024	2023	2022
HEB.TO Hamilton Canadian Bank Equal-Weight Index ETF	3.20%	3.20%	4.24%	3.75%	0.00%
HYLD-U.TO Hamilton Enhanced U.S. Covered Call ETF (USD)	8.98%	8.06%	8.49%	8.82%	9.99%

Drawdowns

HEB.TO vs. HYLD-U.TO - Drawdown Comparison

The maximum HEB.TO drawdown since its inception was -14.82%, smaller than the maximum HYLD-U.TO drawdown of -24.30%. Use the drawdown chart below to compare losses from any high point for HEB.TO and HYLD-U.TO.

Drawdown Indicators

	HEB.TO	HYLD-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-14.82%	-31.64%	+16.82%
Max Drawdown (1Y) Largest decline over 1 year	-8.86%	-13.99%	+5.13%
Current Drawdown Current decline from peak	-4.38%	-7.74%	+3.36%
Average Drawdown Average peak-to-trough decline	-2.51%	-10.10%	+7.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	3.44%	-1.35%

Volatility

HEB.TO vs. HYLD-U.TO - Volatility Comparison

The current volatility for Hamilton Canadian Bank Equal-Weight Index ETF (HEB.TO) is 6.39%, while Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO) has a volatility of 6.93%. This indicates that HEB.TO experiences smaller price fluctuations and is considered to be less risky than HYLD-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HEB.TO	HYLD-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.39%	6.93%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	10.41%	12.09%	-1.68%
Volatility (1Y) Calculated over the trailing 1-year period	13.63%	22.09%	-8.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.72%	18.04%	-5.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.72%	18.04%	-5.32%