HIU.TO vs. HDIV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BetaPro S&P 500 Daily Inverse ETF (HIU.TO) and Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO).

HIU.TO and HDIV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HIU.TO is a passively managed fund by Global X that tracks the performance of the S&P 500 Index. It was launched on Feb 3, 2010. HDIV.TO is an actively managed fund by Hamilton Capital. It was launched on Jul 19, 2021.

Performance

HIU.TO vs. HDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro S&P 500 Daily Inverse ETF (HIU.TO) and Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO). The values are adjusted to include any dividend payments, if applicable.

HIU.TO vs. HDIV.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HIU.TO BetaPro S&P 500 Daily Inverse ETF	8.11%	-13.79%	-14.77%	-15.60%	19.13%	-11.07%
HDIV.TO Hamilton Enhanced Multi-Sector Covered Call ETF	3.20%	33.87%	23.15%	13.91%	-2.52%	12.70%

Returns By Period

In the year-to-date period, HIU.TO achieves a 8.11% return, which is significantly higher than HDIV.TO's 3.20% return.

HIU.TO

• 1D: 0.39%
• 1M: 8.33%
• YTD: 8.11%
• 6M: 5.99%
• 1Y: -11.39%
• 3Y*: -10.68%
• 5Y*: -8.37%
• 10Y*: -12.48%

HDIV.TO

• 1D: 1.91%
• 1M: -4.61%
• YTD: 3.20%
• 6M: 9.39%
• 1Y: 34.41%
• 3Y*: 23.25%
• 5Y*: —
• 10Y*: —

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

HIU.TO vs. HDIV.TO - Expense Ratio Comparison

HIU.TO has a 1.75% expense ratio, which is higher than HDIV.TO's 0.00% expense ratio.

HIU.TO

BetaPro S&P 500 Daily Inverse ETF

HDIV.TO

Hamilton Enhanced Multi-Sector Covered Call ETF

Return for Risk

HIU.TO vs. HDIV.TO — Risk / Return Rank

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

HIU.TO

HIU.TO Risk / Return Rank: 4
HIU.TO Sharpe Ratio Rank: 2
HIU.TO Sortino Ratio Rank: 2
HIU.TO Omega Ratio Rank: 2
HIU.TO Calmar Ratio Rank: 6
HIU.TO Martin Ratio Rank: 8

HDIV.TO

HDIV.TO Risk / Return Rank: 92
HDIV.TO Sharpe Ratio Rank: 92
HDIV.TO Sortino Ratio Rank: 91
HDIV.TO Omega Ratio Rank: 95
HDIV.TO Calmar Ratio Rank: 88
HDIV.TO Martin Ratio Rank: 93

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.

HIU.TO vs. HDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaPro S&P 500 Daily Inverse ETF (HIU.TO) and Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.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.

	HIU.TO	HDIV.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.66	2.05	-2.71
Sortino ratio Return per unit of downside risk	-0.83	2.59	-3.42
Omega ratio Gain probability vs. loss probability	0.88	1.45	-0.56
Calmar ratio Return relative to maximum drawdown	-0.36	2.61	-2.97
Martin ratio Return relative to average drawdown	-0.44	12.70	-13.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIU.TO vs. HDIV.TO - Sharpe Ratio Comparison

The current HIU.TO Sharpe Ratio is -0.66, which is lower than the HDIV.TO Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of HIU.TO and HDIV.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

	HIU.TO	HDIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.66	2.05	-2.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.75	1.11	-1.87

Correlation

The correlation between HIU.TO and HDIV.TO is -0.73. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

HIU.TO vs. HDIV.TO - Dividend Comparison

HIU.TO has not paid dividends to shareholders, while HDIV.TO's dividend yield for the trailing twelve months is around 9.23%.

	TTM	2025	2024	2023	2022	2021
HIU.TO BetaPro S&P 500 Daily Inverse ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HDIV.TO Hamilton Enhanced Multi-Sector Covered Call ETF	9.23%	10.09%	11.38%	10.41%	9.64%	3.39%

Drawdowns

HIU.TO vs. HDIV.TO - Drawdown Comparison

The maximum HIU.TO drawdown since its inception was -91.37%, which is greater than HDIV.TO's maximum drawdown of -22.32%. Use the drawdown chart below to compare losses from any high point for HIU.TO and HDIV.TO.

Drawdown Indicators

	HIU.TO	HDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-91.37%	-22.32%	-69.05%
Max Drawdown (1Y) Largest decline over 1 year	-28.20%	-13.77%	-14.43%
Max Drawdown (5Y) Largest decline over 5 years	-43.31%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-76.72%	—	—
Current Drawdown Current decline from peak	-90.49%	-5.09%	-85.40%
Average Drawdown Average peak-to-trough decline	-66.08%	-4.35%	-61.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.81%	2.83%	+19.98%

Volatility

HIU.TO vs. HDIV.TO - Volatility Comparison

The current volatility for BetaPro S&P 500 Daily Inverse ETF (HIU.TO) is 4.27%, while Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO) has a volatility of 6.01%. This indicates that HIU.TO experiences smaller price fluctuations and is considered to be less risky than HDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIU.TO	HDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	6.01%	-1.74%
Volatility (6M) Calculated over the trailing 6-month period	9.26%	10.54%	-1.28%
Volatility (1Y) Calculated over the trailing 1-year period	18.22%	16.89%	+1.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	15.73%	+1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.11%	15.73%	+2.38%