HUTS.TO vs. HYLD.TO

Last updated Aug 5, 2026

HUTS.TO (Hamilton Enhanced Utilities ETF) and HYLD.TO (Hamilton Enhanced U.S. Covered Call ETF) are both exchange-traded funds - HUTS.TO is a Utilities Equities fund tracking the Solactive Canadian Utility Services High Dividend Index TR, while HYLD.TO is a Derivative Income fund actively managed by Hamilton. HUTS.TO is passively managed, while HYLD.TO is actively managed. Over the past 3 years, HUTS.TO returned 16.58%/yr vs 23.27%/yr for HYLD.TO. Their 0.21 correlation means their historical movements had little consistent relationship. HUTS.TO charges 2.06%/yr vs 2.37%/yr for HYLD.TO.

Performance

HUTS.TO vs. HYLD.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 (HYLD.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with HUTS.TO having a 15.96% return and HYLD.TO slightly higher at 16.59%.

HUTS.TO

• 1D: -1.14%
• 1M: 0.67%
• 6M: 10.14%
• YTD: 15.96%
• 1Y: 24.80%
• 3Y*: 16.58%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.66%

HYLD.TO

• 1D: 4.72%
• 1M: 0.57%
• 6M: 16.98%
• YTD: 16.59%
• 1Y: 34.64%
• 3Y*: 23.27%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.18%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HUTS.TO Hamilton Enhanced Utilities ETF	CA$273.34K	CA$215.70K	CA$190.49K
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF	CA$4.45M	CA$3.72M	CA$3.65M

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

	2026 (YTD)	2025	2024	2023	2022
HUTS.TO Hamilton Enhanced Utilities ETF	15.96%	21.29%	9.40%	-3.91%	-12.96%
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF	16.59%	22.14%	25.39%	19.01%	-0.17%

Correlation

The correlation between HUTS.TO and HYLD.TO is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.23
Correlation (3Y) Balances recent behavior with more history.	0.15
Correlation (All Time) Calculated using the full available price history since Sep 6, 2022	0.21

The correlation between HUTS.TO and HYLD.TO shifts across timeframes, from -0.23 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

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

Sectors	HUTS.TO	HYLD.TO
Utilities	41.5%	1.9%
Energy	35.9%	3.7%
Communication Services	22.5%	10.6%
Basic Materials	-	4.0%
Consumer Cyclical	-	8.0%
Consumer Defensive	-	2.7%
Financial Services	-	11.4%
Healthcare	-	9.4%
Industrials	-	4.8%
Real Estate	-	3.4%
Technology	-	40.1%

Return for Risk

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

Compare historical risk-adjusted metric ranks over the past 12 months.

HUTS.TO

HUTS.TO Risk / Return Rank: 86
HUTS.TO Sharpe Ratio Rank: 89
HUTS.TO Sortino Ratio Rank: 88
HUTS.TO Omega Ratio Rank: 86
HUTS.TO Calmar Ratio Rank: 90
HUTS.TO Martin Ratio Rank: 79

HYLD.TO

HYLD.TO Risk / Return Rank: 77
HYLD.TO Sharpe Ratio Rank: 77
HYLD.TO Sortino Ratio Rank: 76
HYLD.TO Omega Ratio Rank: 76
HYLD.TO Calmar Ratio Rank: 74
HYLD.TO Martin Ratio Rank: 80

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HUTS.TO vs. HYLD.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 (HYLD.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	HYLD.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.34	1.96	+0.38
Sortino ratio: Return per unit of downside risk	3.28	2.75	+0.53
Omega ratio: Gain probability vs. loss probability	1.41	1.35	+0.06
Calmar ratio: Return relative to maximum drawdown	4.24	2.90	+1.34
Martin ratio: Return relative to average drawdown	11.54	11.74	-0.21

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

The current HUTS.TO Sharpe Ratio is 2.34, which is comparable to the HYLD.TO Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of HUTS.TO and HYLD.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

HUTS.TO vs. HYLD.TO - Drawdown Comparison

The maximum HUTS.TO drawdown since its inception was -30.57%, roughly equal to the maximum HYLD.TO drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for HUTS.TO and HYLD.TO.

Drawdown Indicators

	HUTS.TO	HYLD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.57%	-31.38%	+0.81%
Max Drawdown (1Y) Largest decline over 1 year	-5.87%	-12.01%	+6.14%
Max Drawdown (3Y) Largest decline over 3 years	-14.20%	-21.83%	+7.63%
Current Drawdown Current decline from peak	-4.32%	0.00%	-4.32%
Average Drawdown Average peak-to-trough decline	-9.73%	-8.66%	-1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	2.96%	-0.81%

Volatility

HUTS.TO vs. HYLD.TO - Volatility Comparison

The current volatility for Hamilton Enhanced Utilities ETF (HUTS.TO) is 4.45%, while Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) has a volatility of 7.08%. This indicates that HUTS.TO experiences smaller price fluctuations and is considered to be less risky than HYLD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HUTS.TO	HYLD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	7.08%	-2.63%
Volatility (6M) Calculated over the trailing 6-month period	9.14%	15.13%	-5.99%
Volatility (1Y) Calculated over the trailing 1-year period	10.67%	17.79%	-7.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.98%	19.43%	-4.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.98%	19.43%	-4.45%

HUTS.TO vs. HYLD.TO - Expense Ratio Comparison

HUTS.TO has a 2.06% expense ratio, which is lower than HYLD.TO's 2.37% expense ratio.

Dividends

HUTS.TO vs. HYLD.TO - Dividend Comparison

HUTS.TO's dividend yield for the trailing twelve months is around 5.70%, less than HYLD.TO's 11.59% yield.

Position	TTM	2025	2024	2023	2022
HUTS.TO Hamilton Enhanced Utilities ETF	5.70%	6.45%	7.45%	7.83%	2.33%
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF	11.59%	11.98%	12.13%	12.11%	13.02%

Frequently Asked Questions

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

HUTS.TO and HYLD.TO have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HUTS.TO or HYLD.TO?

On fees, HUTS.TO is cheaper at 2.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HUTS.TO or HYLD.TO?

HUTS.TO is cheaper with a 2.06% expense ratio, compared with 2.37% for HYLD.TO.

What is the main difference between HUTS.TO and HYLD.TO?

HUTS.TO is categorized as Utilities Equities, while HYLD.TO is Derivative Income. Their fees differ too: 2.06% for HUTS.TO and 2.37% for HYLD.TO.