HUTS.TO vs. HYLD-U.TO

Last updated Jun 4, 2026

HUTS.TO (Hamilton Enhanced Utilities ETF) and HYLD-U.TO (Hamilton Enhanced U.S. Covered Call ETF (USD)) are both exchange-traded funds - HUTS.TO is a Utilities Equities fund tracking the Solactive Canadian Utility Services High Dividend Index TR, while HYLD-U.TO is a Derivative Income fund actively managed by Hamilton. HUTS.TO is passively managed, while HYLD-U.TO is actively managed. Over the past 3 years, HUTS.TO returned 13.29%/yr vs 23.04%/yr for HYLD-U.TO. At a 0.18 correlation, their price movements are largely independent.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Enhanced Utilities ETF (HUTS.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

HUTS.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, HUTS.TO achieves a 18.77% return, which is significantly higher than HYLD-U.TO's 16.59% return.

HUTS.TO

• 1D: 0.00%
• 1M: 5.42%
• YTD: 18.77%
• 6M: 17.55%
• 1Y: 33.45%
• 3Y*: 13.29%
• 5Y*: —
• 10Y*: —

HYLD-U.TO

• 1D: 0.24%
• 1M: 11.64%
• YTD: 16.59%
• 6M: 14.32%
• 1Y: 39.69%
• 3Y*: 23.04%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
HUTS.TO Hamilton Enhanced Utilities ETF	18.77%	21.29%	9.40%	-3.91%	-12.80%
HYLD-U.TO Hamilton Enhanced U.S. Covered Call ETF (USD)	16.59%	14.33%	34.31%	14.81%	1.94%

Correlation

The correlation between HUTS.TO and HYLD-U.TO is -0.08, 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	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022	0.18

The correlation between HUTS.TO and HYLD-U.TO shifts across timeframes, from -0.08 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

HUTS.TO vs. HYLD-U.TO - Sectors Allocation Comparison

Sectors	HUTS.TO	HYLD-U.TO
Utilities	41.3%	2.4%
Energy	35.1%	4.9%
Communication Services	23.6%	11.3%
Basic Materials	-	5.0%
Consumer Cyclical	-	8.1%
Consumer Defensive	-	3.4%
Financial Services	-	12.4%
Healthcare	-	9.8%
Industrials	-	5.0%
Real Estate	-	3.8%
Technology	-	33.9%

Return for Risk

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

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

HUTS.TO

HUTS.TO Risk / Return Rank: 92
HUTS.TO Sharpe Ratio Rank: 94
HUTS.TO Sortino Ratio Rank: 95
HUTS.TO Omega Ratio Rank: 93
HUTS.TO Calmar Ratio Rank: 91
HUTS.TO Martin Ratio Rank: 86

HYLD-U.TO

HYLD-U.TO Risk / Return Rank: 73
HYLD-U.TO Sharpe Ratio Rank: 78
HYLD-U.TO Sortino Ratio Rank: 77
HYLD-U.TO Omega Ratio Rank: 75
HYLD-U.TO Calmar Ratio Rank: 62
HYLD-U.TO Martin Ratio Rank: 70

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.

HUTS.TO vs. HYLD-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 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.

	HUTS.TO	HYLD-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.56	2.73	+0.83
Sortino ratio: Return per unit of downside risk	5.12	3.71	+1.41
Omega ratio: Gain probability vs. loss probability	1.65	1.49	+0.17
Calmar ratio: Return relative to maximum drawdown	5.75	3.28	+2.48
Martin ratio: Return relative to average drawdown	18.05	11.78	+6.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current HUTS.TO Sharpe Ratio is 3.56, which is higher than the HYLD-U.TO Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of HUTS.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.

Sharpe Ratios by Period

	HUTS.TO	HYLD-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.56	2.73	+0.83
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.79	-0.27

Drawdowns

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

The maximum HUTS.TO drawdown since its inception was -30.57%, which is greater than HYLD-U.TO's maximum drawdown of -24.30%. Use the drawdown chart below to compare losses from any high point for HUTS.TO and HYLD-U.TO.

Drawdown Indicators

	HUTS.TO	HYLD-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.57%	-24.30%	-6.27%
Max Drawdown (1Y) Largest decline over 1 year	-5.84%	-12.17%	+6.33%
Max Drawdown (3Y) Largest decline over 3 years	-22.04%	-23.36%	+1.32%
Current Drawdown Current decline from peak	-1.31%	0.00%	-1.31%
Average Drawdown Average peak-to-trough decline	-10.07%	-7.49%	-2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	3.38%	-1.52%

Volatility

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

The current volatility for Hamilton Enhanced Utilities ETF (HUTS.TO) is 2.93%, while Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO) has a volatility of 4.24%. This indicates that HUTS.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

	HUTS.TO	HYLD-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	4.24%	-1.31%
Volatility (6M) Calculated over the trailing 6-month period	7.75%	11.38%	-3.63%
Volatility (1Y) Calculated over the trailing 1-year period	9.45%	14.62%	-5.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.01%	17.91%	-2.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.01%	17.91%	-2.90%

Dividends

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

HUTS.TO's dividend yield for the trailing twelve months is around 5.50%, less than HYLD-U.TO's 7.57% yield.

Position	TTM	2025	2024	2023	2022
HUTS.TO Hamilton Enhanced Utilities ETF	5.50%	6.45%	7.45%	7.83%	2.33%
HYLD-U.TO Hamilton Enhanced U.S. Covered Call ETF (USD)	7.57%	8.06%	8.49%	8.82%	9.99%

Frequently Asked Questions

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

HUTS.TO and HYLD-U.TO have a correlation of -0.08, 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 HUTS.TO and HYLD-U.TO?

HUTS.TO is categorized as Utilities Equities, while HYLD-U.TO is Derivative Income.