HMAX.TO vs. HYLD.TO
Compare and contrast key facts about Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) and Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO).
HMAX.TO and HYLD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HMAX.TO is an actively managed fund by Hamilton Capital. It was launched on Jan 20, 2023. HYLD.TO is an actively managed fund by Hamilton Capital. It was launched on Feb 4, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMAX.TO or HYLD.TO.
Correlation
The correlation between HMAX.TO and HYLD.TO is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HMAX.TO vs. HYLD.TO - Performance Comparison
Key characteristics
HMAX.TO:
2.29
HYLD.TO:
1.67
HMAX.TO:
3.09
HYLD.TO:
2.26
HMAX.TO:
1.44
HYLD.TO:
1.30
HMAX.TO:
4.17
HYLD.TO:
2.46
HMAX.TO:
13.30
HYLD.TO:
10.47
HMAX.TO:
1.52%
HYLD.TO:
2.46%
HMAX.TO:
8.84%
HYLD.TO:
15.41%
HMAX.TO:
-15.34%
HYLD.TO:
-31.38%
HMAX.TO:
-2.20%
HYLD.TO:
-0.60%
Returns By Period
In the year-to-date period, HMAX.TO achieves a 0.69% return, which is significantly lower than HYLD.TO's 4.46% return.
HMAX.TO
0.69%
-0.84%
12.27%
20.74%
N/A
N/A
HYLD.TO
4.46%
0.51%
10.37%
25.80%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HMAX.TO vs. HYLD.TO - Expense Ratio Comparison
HMAX.TO has a 0.65% expense ratio, which is lower than HYLD.TO's 2.37% expense ratio.
Risk-Adjusted Performance
HMAX.TO vs. HYLD.TO — Risk-Adjusted Performance Rank
HMAX.TO
HYLD.TO
HMAX.TO vs. HYLD.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) and Hamilton Enhanced U.S. Covered Call ETF (HYLD.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.
Dividends
HMAX.TO vs. HYLD.TO - Dividend Comparison
HMAX.TO's dividend yield for the trailing twelve months is around 14.11%, more than HYLD.TO's 11.88% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
HMAX.TO Hamilton Canadian Financials YIELD MAXIMIZER ETF | 14.11% | 14.08% | 15.47% | 0.00% |
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 11.88% | 12.13% | 12.11% | 13.02% |
Drawdowns
HMAX.TO vs. HYLD.TO - Drawdown Comparison
The maximum HMAX.TO drawdown since its inception was -15.34%, smaller than the maximum HYLD.TO drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for HMAX.TO and HYLD.TO. For additional features, visit the drawdowns tool.
Volatility
HMAX.TO vs. HYLD.TO - Volatility Comparison
The current volatility for Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) is 2.27%, while Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) has a volatility of 3.59%. This indicates that HMAX.TO experiences smaller price fluctuations and is considered to be less risky than HYLD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.