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HUM.TO vs. CEW.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HUM.TO vs. CEW.TO

Last updated Jul 16, 2026
Documentation

HUM.TO (Hamilton U.S. Mid-Cap Financials ETF) and CEW.TO (iShares Equal Weight Banc & Lifeco ETF) are both Financials Equities funds. HUM.TO is actively managed, while CEW.TO is passively managed. Over the past 5 years, HUM.TO returned 9.45%/yr vs 21.54%/yr for CEW.TO. At a 0.33 correlation, their price movements are largely independent.

Performance

HUM.TO vs. CEW.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton U.S. Mid-Cap Financials ETF (HUM.TO) and iShares Equal Weight Banc & Lifeco ETF (CEW.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HUM.TO achieves a 4.01% return, which is significantly lower than CEW.TO's 33.81% return.

HUM.TO

1D
-0.47%
1M
4.45%
6M
3.19%
YTD
4.01%
1Y
7.60%
3Y*
16.42%
5Y*
9.45%
10Y*
—

CEW.TO

1D
1.74%
1M
8.81%
6M
32.65%
YTD
33.81%
1Y
62.80%
3Y*
35.51%
5Y*
21.54%
10Y*
16.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HUM.TO vs. CEW.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
HUM.TO
Hamilton U.S. Mid-Cap Financials ETF		4.01%4.39%12.82%23.80%-11.26%41.41%-7.33%25.28%-26.84%
CEW.TO
iShares Equal Weight Banc & Lifeco ETF		33.81%32.70%29.62%17.18%-6.76%29.51%-0.38%25.64%-12.08%

Correlation

The correlation between HUM.TO and CEW.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

Correlation (3Y)
Calculated over the trailing 3-year period

0.25

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (All Time)
Calculated using the full available price history since Jun 25, 2018

0.33

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Hamilton U.S. Mid-Cap Financials ETF

iShares Equal Weight Banc & Lifeco ETF

Often compared with CEW.TO:
CEW.TO vs. XFN.TOCEW.TO vs. BMOCEW.TO vs. XDIV.TOCEW.TO vs. ZEB.TOCEW.TO vs. TEC.TOCEW.TO vs. VFV.TOCEW.TO vs. RY.TO

Return for Risk

HUM.TO vs. CEW.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HUM.TO
HUM.TO Risk / Return Rank: 1616
Overall Rank
HUM.TO Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
HUM.TO Sortino Ratio Rank: 1616
Sortino Ratio Rank
HUM.TO Omega Ratio Rank: 1616
Omega Ratio Rank
HUM.TO Calmar Ratio Rank: 1616
Calmar Ratio Rank
HUM.TO Martin Ratio Rank: 1616
Martin Ratio Rank
CEW.TO
CEW.TO Risk / Return Rank: 9898
Overall Rank
CEW.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
CEW.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
CEW.TO Omega Ratio Rank: 9898
Omega Ratio Rank
CEW.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
CEW.TO Martin Ratio Rank: 9797
Martin Ratio Rank
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.

HUM.TO vs. CEW.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton U.S. Mid-Cap Financials ETF (HUM.TO) and iShares Equal Weight Banc & Lifeco ETF (CEW.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.

HUM.TOCEW.TODifference
Sharpe ratioReturn per unit of total volatility
0.43
5.23

-4.80

Sortino ratioReturn per unit of downside risk
0.73
6.82

-6.09

Omega ratioGain probability vs. loss probability

1.09

1.96

-0.86

Calmar ratioReturn relative to maximum drawdown

0.52

8.86

-8.34

Martin ratioReturn relative to average drawdown

1.27

32.67

-31.41

HUM.TO vs. CEW.TO - Sharpe Ratio Comparison

The current HUM.TO Sharpe Ratio is 0.43, which is lower than the CEW.TO Sharpe Ratio of 5.23. The chart below compares the historical Sharpe Ratios of HUM.TO and CEW.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.

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Drawdowns

HUM.TO vs. CEW.TO - Drawdown Comparison

The maximum HUM.TO drawdown since its inception was -49.06%, smaller than the maximum CEW.TO drawdown of -53.50%. Use the drawdown chart below to compare losses from any high point for HUM.TO and CEW.TO.

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Drawdown Indicators

HUM.TOCEW.TODifference

Max Drawdown

Largest peak-to-trough decline

-49.06%

-53.50%

+4.44%

Max Drawdown (1Y)

Largest decline over 1 year

-14.68%

-7.13%

-7.55%

Max Drawdown (3Y)

Largest decline over 3 years

-31.97%

-12.72%

-19.25%

Max Drawdown (5Y)

Largest decline over 5 years

-34.43%

-22.41%

-12.02%

Max Drawdown (10Y)

Largest decline over 10 years

—

-43.66%

—

Current Drawdown

Current decline from peak

-13.68%

0.00%

-13.68%

Average Drawdown

Average peak-to-trough decline

-15.32%

-6.90%

-8.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.00%

1.93%

+4.07%

Volatility

HUM.TO vs. CEW.TO - Volatility Comparison

Hamilton U.S. Mid-Cap Financials ETF (HUM.TO) has a higher volatility of 4.38% compared to iShares Equal Weight Banc & Lifeco ETF (CEW.TO) at 3.36%. This indicates that HUM.TO's price experiences larger fluctuations and is considered to be riskier than CEW.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HUM.TOCEW.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.38%

3.36%

+1.02%

Volatility (6M)

Calculated over the trailing 6-month period

12.69%

9.92%

+2.77%

Volatility (1Y)

Calculated over the trailing 1-year period

17.65%

12.09%

+5.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

62.07%

13.59%

+48.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

63.46%

16.99%

+46.47%

Dividends

HUM.TO vs. CEW.TO - Dividend Comparison

HUM.TO's dividend yield for the trailing twelve months is around 1.27%, less than CEW.TO's 2.13% yield.

PositionTTM20252024202320222021202020192018201720162015
CEW.TO
iShares Equal Weight Banc & Lifeco ETF		2.13%2.82%3.41%3.98%3.95%3.10%3.83%3.39%3.13%2.62%2.70%2.91%
HUM.TO
Hamilton U.S. Mid-Cap Financials ETF		1.27%1.26%1.19%1.35%3.58%2.18%0.68%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HUM.TO and CEW.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: Hamilton and iShares.

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