HUM.TO vs. HYLD-U.TO

Last updated Jul 16, 2026

HUM.TO (Hamilton U.S. Mid-Cap Financials ETF) and HYLD-U.TO (Hamilton Enhanced U.S. Covered Call ETF (USD)) are both exchange-traded funds - HUM.TO is a Financials Equities fund actively managed by Hamilton, while HYLD-U.TO is a Derivative Income fund actively managed by Hamilton. Both are actively managed. Over the past 3 years, HUM.TO returned 16.42%/yr vs 27.35%/yr for HYLD-U.TO. At a 0.15 correlation, their price movements are largely independent.

Performance

HUM.TO vs. HYLD-U.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 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

HUM.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, HUM.TO achieves a 4.01% return, which is significantly lower than HYLD-U.TO's 19.68% 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*: —

HYLD-U.TO

• 1D: -1.04%
• 1M: -0.22%
• 6M: 16.54%
• YTD: 19.68%
• 1Y: 38.70%
• 3Y*: 27.35%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
HUM.TO Hamilton U.S. Mid-Cap Financials ETF	4.01%	4.39%	12.82%	23.80%	-11.85%
HYLD-U.TO Hamilton Enhanced U.S. Covered Call ETF (USD)	19.68%	18.40%	38.61%	18.32%	-13.12%

Correlation

The correlation between HUM.TO and HYLD-U.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022	0.15

Return for Risk

HUM.TO vs. HYLD-U.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: 16
HUM.TO Sharpe Ratio Rank: 17
HUM.TO Sortino Ratio Rank: 16
HUM.TO Omega Ratio Rank: 16
HUM.TO Calmar Ratio Rank: 16
HUM.TO Martin Ratio Rank: 16

HYLD-U.TO

HYLD-U.TO Risk / Return Rank: 78
HYLD-U.TO Sharpe Ratio Rank: 82
HYLD-U.TO Sortino Ratio Rank: 79
HYLD-U.TO Omega Ratio Rank: 78
HYLD-U.TO Calmar Ratio Rank: 72
HYLD-U.TO Martin Ratio Rank: 80

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. HYLD-U.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 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.

	HUM.TO	HYLD-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.43	2.23	-1.80
Sortino ratio: Return per unit of downside risk	0.73	3.06	-2.33
Omega ratio: Gain probability vs. loss probability	1.09	1.38	-0.29
Calmar ratio: Return relative to maximum drawdown	0.52	3.25	-2.73
Martin ratio: Return relative to average drawdown	1.27	11.58	-10.31

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

The current HUM.TO Sharpe Ratio is 0.43, which is lower than the HYLD-U.TO Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of HUM.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

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

The maximum HUM.TO drawdown since its inception was -49.06%, 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 HUM.TO and HYLD-U.TO.

Drawdown Indicators

	HUM.TO	HYLD-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-49.06%	-23.96%	-25.10%
Max Drawdown (1Y) Largest decline over 1 year	-14.68%	-11.98%	-2.70%
Max Drawdown (3Y) Largest decline over 3 years	-31.97%	-23.45%	-8.52%
Max Drawdown (5Y) Largest decline over 5 years	-34.43%	—	—
Current Drawdown Current decline from peak	-13.68%	-2.79%	-10.89%
Average Drawdown Average peak-to-trough decline	-15.32%	-6.38%	-8.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.00%	3.35%	+2.65%

Volatility

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

The current volatility for Hamilton U.S. Mid-Cap Financials ETF (HUM.TO) is 4.38%, while Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO) has a volatility of 6.65%. This indicates that HUM.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

	HUM.TO	HYLD-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	6.65%	-2.27%
Volatility (6M) Calculated over the trailing 6-month period	12.69%	14.59%	-1.90%
Volatility (1Y) Calculated over the trailing 1-year period	17.65%	17.43%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.07%	20.37%	+41.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.46%	20.37%	+43.09%

Dividends

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

HUM.TO's dividend yield for the trailing twelve months is around 1.27%, less than HYLD-U.TO's 10.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
HUM.TO Hamilton U.S. Mid-Cap Financials ETF	1.27%	1.26%	1.19%	1.35%	3.58%	2.18%	0.68%
HYLD-U.TO Hamilton Enhanced U.S. Covered Call ETF (USD)	10.64%	11.26%	11.65%	11.90%	13.05%	0.00%	0.00%

Frequently Asked Questions

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

HUM.TO and HYLD-U.TO have a correlation of 0.11, 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 HUM.TO and HYLD-U.TO?

HUM.TO is categorized as Financials Equities, while HYLD-U.TO is Derivative Income.