HFIN.TO vs. RY.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Hamilton Enhanced Canadian Financials ETF (HFIN.TO) and Royal Bank of Canada (RY.TO).

HFIN.TO is a passively managed fund by Hamilton ETFs that tracks the performance of the Solactive Canadian Financials Equal-Weight Index. It was launched on Jan 26, 2022.

Performance

HFIN.TO vs. RY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Enhanced Canadian Financials ETF (HFIN.TO) and Royal Bank of Canada (RY.TO). The values are adjusted to include any dividend payments, if applicable.

HFIN.TO vs. RY.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HFIN.TO Hamilton Enhanced Canadian Financials ETF	-3.31%	40.87%	40.06%	23.18%	-15.06%
RY.TO Royal Bank of Canada	-3.21%	39.60%	34.37%	9.80%	-7.76%

Returns By Period

The year-to-date returns for both investments are quite close, with HFIN.TO having a -3.31% return and RY.TO slightly higher at -3.21%.

HFIN.TO

• 1D: 1.15%
• 1M: -4.15%
• YTD: -3.31%
• 6M: 9.73%
• 1Y: 36.19%
• 3Y*: 30.98%
• 5Y*: —
• 10Y*: —

RY.TO

• 1D: 2.32%
• 1M: -1.40%
• YTD: -3.21%
• 6M: 11.24%
• 1Y: 43.26%
• 3Y*: 24.81%
• 5Y*: 18.45%
• 10Y*: 15.95%

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

Return for Risk

HFIN.TO vs. RY.TO — Risk / Return Rank

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

HFIN.TO

HFIN.TO Risk / Return Rank: 92
HFIN.TO Sharpe Ratio Rank: 92
HFIN.TO Sortino Ratio Rank: 92
HFIN.TO Omega Ratio Rank: 93
HFIN.TO Calmar Ratio Rank: 90
HFIN.TO Martin Ratio Rank: 91

RY.TO

RY.TO Risk / Return Rank: 96
RY.TO Sharpe Ratio Rank: 96
RY.TO Sortino Ratio Rank: 96
RY.TO Omega Ratio Rank: 96
RY.TO Calmar Ratio Rank: 95
RY.TO Martin Ratio Rank: 97

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.

HFIN.TO vs. RY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced Canadian Financials ETF (HFIN.TO) and Royal Bank of Canada (RY.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.

	HFIN.TO	RY.TO	Difference
Sharpe ratio Return per unit of total volatility	2.16	2.84	-0.68
Sortino ratio Return per unit of downside risk	2.77	3.83	-1.06
Omega ratio Gain probability vs. loss probability	1.42	1.54	-0.12
Calmar ratio Return relative to maximum drawdown	3.03	5.49	-2.46
Martin ratio Return relative to average drawdown	12.60	19.00	-6.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HFIN.TO vs. RY.TO - Sharpe Ratio Comparison

The current HFIN.TO Sharpe Ratio is 2.16, which is comparable to the RY.TO Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of HFIN.TO and RY.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

	HFIN.TO	RY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	2.84	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.26	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.06	0.44	+0.62

Correlation

The correlation between HFIN.TO and RY.TO is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HFIN.TO vs. RY.TO - Dividend Comparison

HFIN.TO's dividend yield for the trailing twelve months is around 3.40%, more than RY.TO's 2.76% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HFIN.TO Hamilton Enhanced Canadian Financials ETF	3.40%	3.51%	4.59%	6.09%	6.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RY.TO Royal Bank of Canada	2.76%	2.58%	3.23%	3.99%	3.90%	3.22%	4.10%	3.96%	4.03%	3.39%	3.57%	4.15%

Drawdowns

HFIN.TO vs. RY.TO - Drawdown Comparison

The maximum HFIN.TO drawdown since its inception was -26.46%, smaller than the maximum RY.TO drawdown of -70.56%. Use the drawdown chart below to compare losses from any high point for HFIN.TO and RY.TO.

Drawdown Indicators

	HFIN.TO	RY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.46%	-70.56%	+44.10%
Max Drawdown (1Y) Largest decline over 1 year	-12.58%	-8.12%	-4.46%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.84%	—
Current Drawdown Current decline from peak	-6.02%	-5.44%	-0.58%
Average Drawdown Average peak-to-trough decline	-7.48%	-21.01%	+13.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	2.35%	+0.67%

Volatility

HFIN.TO vs. RY.TO - Volatility Comparison

Hamilton Enhanced Canadian Financials ETF (HFIN.TO) has a higher volatility of 6.62% compared to Royal Bank of Canada (RY.TO) at 4.78%. This indicates that HFIN.TO's price experiences larger fluctuations and is considered to be riskier than RY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFIN.TO	RY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.62%	4.78%	+1.84%
Volatility (6M) Calculated over the trailing 6-month period	11.00%	9.93%	+1.07%
Volatility (1Y) Calculated over the trailing 1-year period	16.89%	15.32%	+1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.08%	14.73%	+2.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.08%	17.22%	-0.14%