HFG.TO vs. CWIN.TO
HFG.TO (Hamilton Global Financials ETF) and CWIN.TO (HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units) are both exchange-traded funds - HFG.TO is a Financials Equities fund actively managed by Hamilton, while CWIN.TO is a Dividend fund tracking the Solactive Canada Dividend Elite Champions Index. HFG.TO is actively managed, while CWIN.TO is passively managed. Over the past year, HFG.TO returned 17.10% vs 40.37% for CWIN.TO. At a 0.38 correlation, their price movements are largely independent.
Performance
HFG.TO vs. CWIN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HFG.TO achieves a 7.76% return, which is significantly lower than CWIN.TO's 21.69% return.
HFG.TO
- 1D
- 0.32%
- 1M
- 6.00%
- 6M
- 7.83%
- YTD
- 7.76%
- 1Y
- 17.10%
- 3Y*
- 25.28%
- 5Y*
- 15.43%
- 10Y*
- —
CWIN.TO
- 1D
- 0.04%
- 1M
- 2.88%
- 6M
- 17.48%
- YTD
- 21.69%
- 1Y
- 40.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HFG.TO vs. CWIN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HFG.TO Hamilton Global Financials ETF | 7.76% | 16.86% |
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units | 21.69% | 24.29% |
Correlation
The correlation between HFG.TO and CWIN.TO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2025 | 0.38 |
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Return for Risk
HFG.TO vs. CWIN.TO — Risk / Return Rank
HFG.TO
CWIN.TO
HFG.TO vs. CWIN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Global Financials ETF (HFG.TO) and HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.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.
| HFG.TO | CWIN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.60 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 5.53 | -3.96 |
| Martin ratioReturn relative to average drawdown | 4.96 | 20.47 | -15.52 |
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Drawdowns
HFG.TO vs. CWIN.TO - Drawdown Comparison
The maximum HFG.TO drawdown since its inception was -42.71%, which is greater than CWIN.TO's maximum drawdown of -10.87%. Use the drawdown chart below to compare losses from any high point for HFG.TO and CWIN.TO.
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Drawdown Indicators
| HFG.TO | CWIN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -10.87% | -31.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -7.15% | -3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -13.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | -0.09% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -1.35% | -4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 1.93% | +1.53% |
Volatility
HFG.TO vs. CWIN.TO - Volatility Comparison
Hamilton Global Financials ETF (HFG.TO) has a higher volatility of 3.60% compared to HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) at 2.77%. This indicates that HFG.TO's price experiences larger fluctuations and is considered to be riskier than CWIN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFG.TO | CWIN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 2.77% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 10.69% | 9.81% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.10% | 12.49% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 13.75% | +2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 13.75% | +6.51% |
Dividends
HFG.TO vs. CWIN.TO - Dividend Comparison
HFG.TO's dividend yield for the trailing twelve months is around 2.40%, less than CWIN.TO's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units | 3.08% | 3.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HFG.TO Hamilton Global Financials ETF | 2.40% | 2.55% | 3.05% | 3.86% | 10.09% | 4.16% | 1.85% |
Frequently Asked Questions
HFG.TO and CWIN.TO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HFG.TO is categorized as Financials Equities, while CWIN.TO is Dividend.
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