HUTS.TO vs. HBIL-U.TO
HUTS.TO (Hamilton Enhanced Utilities ETF) and HBIL-U.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units) are both exchange-traded funds - HUTS.TO is a Utilities Equities fund tracking the Solactive Canadian Utility Services High Dividend Index TR, while HBIL-U.TO is a Government Bonds fund actively managed by Hamilton. HUTS.TO is passively managed, while HBIL-U.TO is actively managed. Over the past year, HUTS.TO returned 29.32% vs 6.60% for HBIL-U.TO. At a 0.02 correlation, their price movements are largely independent.
Performance
HUTS.TO vs. HBIL-U.TO - Performance Comparison
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Different Trading Currencies
HUTS.TO is traded in CAD, while HBIL-U.TO is traded in USD. To make them comparable, the HBIL-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HUTS.TO achieves a 18.96% return, which is significantly higher than HBIL-U.TO's 3.86% return.
HUTS.TO
- 1D
- -0.19%
- 1M
- 0.47%
- 6M
- 17.44%
- YTD
- 18.96%
- 1Y
- 29.32%
- 3Y*
- 15.86%
- 5Y*
- —
- 10Y*
- —
HBIL-U.TO
- 1D
- -0.00%
- 1M
- 0.12%
- 6M
- 2.21%
- YTD
- 3.86%
- 1Y
- 6.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HUTS.TO vs. HBIL-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HUTS.TO Hamilton Enhanced Utilities ETF | 18.96% | 21.29% | -5.26% |
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 3.86% | 0.03% | 4.69% |
Correlation
The correlation between HUTS.TO and HBIL-U.TO is -0.03, 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 | -0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2024 | 0.02 |
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Return for Risk
HUTS.TO vs. HBIL-U.TO — Risk / Return Rank
HUTS.TO
HBIL-U.TO
HUTS.TO vs. HBIL-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced Utilities ETF (HUTS.TO) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-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.
| HUTS.TO | HBIL-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.25 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 5.02 | 1.65 | +3.36 |
| Martin ratioReturn relative to average drawdown | 13.97 | 4.19 | +9.78 |
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Drawdowns
HUTS.TO vs. HBIL-U.TO - Drawdown Comparison
The maximum HUTS.TO drawdown since its inception was -30.57%, which is greater than HBIL-U.TO's maximum drawdown of -6.68%. Use the drawdown chart below to compare losses from any high point for HUTS.TO and HBIL-U.TO.
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Drawdown Indicators
| HUTS.TO | HBIL-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.57% | -6.68% | -23.89% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -4.01% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -18.98% | — | — |
Current DrawdownCurrent decline from peak | -1.85% | -2.20% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -9.81% | -2.26% | -7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 1.58% | +0.52% |
Volatility
HUTS.TO vs. HBIL-U.TO - Volatility Comparison
Hamilton Enhanced Utilities ETF (HUTS.TO) has a higher volatility of 4.54% compared to Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO) at 1.82%. This indicates that HUTS.TO's price experiences larger fluctuations and is considered to be riskier than HBIL-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HUTS.TO | HBIL-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 1.82% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 8.70% | 3.60% | +5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.29% | 4.68% | +5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.98% | 5.85% | +9.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.98% | 5.85% | +9.13% |
Dividends
HUTS.TO vs. HBIL-U.TO - Dividend Comparison
HUTS.TO's dividend yield for the trailing twelve months is around 5.52%, less than HBIL-U.TO's 6.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 6.74% | 7.37% | 2.40% | 0.00% | 0.00% |
HUTS.TO Hamilton Enhanced Utilities ETF | 5.52% | 6.45% | 7.45% | 7.83% | 2.33% |
Frequently Asked Questions
HUTS.TO and HBIL-U.TO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HUTS.TO is categorized as Utilities Equities, while HBIL-U.TO is Government Bonds.
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