HPF.TO vs. HYLD-U.TO

Last updated Jul 18, 2026

HPF.TO (Harvest Energy Leaders Income ETF Class A CAD Hedged) and HYLD-U.TO (Hamilton Enhanced U.S. Covered Call ETF (USD)) are both exchange-traded funds - HPF.TO is a Energy Equities fund actively managed by Harvest, while HYLD-U.TO is a Derivative Income fund actively managed by Hamilton. Both are actively managed. Over the past 3 years, HPF.TO returned 14.64%/yr vs 25.56%/yr for HYLD-U.TO. At a 0.19 correlation, their price movements are largely independent.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Energy Leaders Income ETF Class A CAD Hedged (HPF.TO) and Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HPF.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, HPF.TO achieves a 31.82% return, which is significantly higher than HYLD-U.TO's 16.28% return.

HPF.TO

• 1D: 1.06%
• 1M: 6.87%
• 6M: 26.38%
• YTD: 31.82%
• 1Y: 41.27%
• 3Y*: 14.64%
• 5Y*: 17.23%
• 10Y*: 5.28%

HYLD-U.TO

• 1D: -1.02%
• 1M: -0.90%
• 6M: 13.15%
• YTD: 16.28%
• 1Y: 34.07%
• 3Y*: 25.56%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
HPF.TO Harvest Energy Leaders Income ETF Class A CAD Hedged	31.82%	8.98%	-2.46%	2.51%	17.87%
HYLD-U.TO Hamilton Enhanced U.S. Covered Call ETF (USD)	16.28%	18.40%	38.61%	18.32%	-13.12%

Correlation

The correlation between HPF.TO and HYLD-U.TO is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022	0.19

The correlation between HPF.TO and HYLD-U.TO shifts across timeframes, from -0.05 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

Return for Risk

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

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

HPF.TO

HPF.TO Risk / Return Rank: 81
HPF.TO Sharpe Ratio Rank: 85
HPF.TO Sortino Ratio Rank: 80
HPF.TO Omega Ratio Rank: 78
HPF.TO Calmar Ratio Rank: 85
HPF.TO Martin Ratio Rank: 75

HYLD-U.TO

HYLD-U.TO Risk / Return Rank: 71
HYLD-U.TO Sharpe Ratio Rank: 73
HYLD-U.TO Sortino Ratio Rank: 70
HYLD-U.TO Omega Ratio Rank: 69
HYLD-U.TO Calmar Ratio Rank: 67
HYLD-U.TO Martin Ratio Rank: 76

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.

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

This table presents a comparison of risk-adjusted performance metrics for Harvest Energy Leaders Income ETF Class A CAD Hedged (HPF.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.

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.

	HPF.TO	HYLD-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.95	+0.15
Sortino ratio: Return per unit of downside risk	2.73	2.71	+0.01
Omega ratio: Gain probability vs. loss probability	1.35	1.33	+0.01
Calmar ratio: Return relative to maximum drawdown	3.45	2.86	+0.59
Martin ratio: Return relative to average drawdown	10.17	10.10	+0.07

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

The current HPF.TO Sharpe Ratio is 2.10, which is comparable to the HYLD-U.TO Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of HPF.TO and HYLD-U.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

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

The maximum HPF.TO drawdown since its inception was -72.97%, which is greater than HYLD-U.TO's maximum drawdown of -23.96%. Use the drawdown chart below to compare losses from any high point for HPF.TO and HYLD-U.TO.

Drawdown Indicators

	HPF.TO	HYLD-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-72.97%	-23.96%	-49.01%
Max Drawdown (1Y) Largest decline over 1 year	-12.01%	-11.98%	-0.03%
Max Drawdown (3Y) Largest decline over 3 years	-22.85%	-23.45%	+0.60%
Max Drawdown (5Y) Largest decline over 5 years	-23.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-69.11%	—	—
Current Drawdown Current decline from peak	-3.42%	-5.55%	+2.13%
Average Drawdown Average peak-to-trough decline	-26.26%	-6.38%	-19.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	3.38%	+0.69%

Volatility

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

The current volatility for Harvest Energy Leaders Income ETF Class A CAD Hedged (HPF.TO) is 6.39%, while Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO) has a volatility of 6.80%. This indicates that HPF.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

	HPF.TO	HYLD-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.39%	6.80%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	16.32%	14.76%	+1.56%
Volatility (1Y) Calculated over the trailing 1-year period	19.73%	17.57%	+2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.63%	20.38%	+3.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.03%	20.38%	+7.65%

Dividends

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

HPF.TO's dividend yield for the trailing twelve months is around 7.85%, less than HYLD-U.TO's 10.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HPF.TO Harvest Energy Leaders Income ETF Class A CAD Hedged	7.85%	9.93%	9.80%	8.75%	6.58%	4.61%	15.32%	8.74%	8.78%	12.87%	13.58%	13.31%
HYLD-U.TO Hamilton Enhanced U.S. Covered Call ETF (USD)	10.92%	11.26%	11.65%	11.90%	13.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HPF.TO and HYLD-U.TO in my portfolio?

HPF.TO and HYLD-U.TO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between HPF.TO and HYLD-U.TO?

HPF.TO is categorized as Energy Equities, while HYLD-U.TO is Derivative Income. They also come from different issuers: Harvest and Hamilton.