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HYLD-U.TO vs. YGOG.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HYLD-U.TO vs. YGOG.NEO

Last updated Jun 5, 2026

HYLD-U.TO (Hamilton Enhanced U.S. Covered Call ETF (USD)) and YGOG.NEO (Alphabet (GOOGL) Yield Shares Purpose ETF) are both Derivative Income funds. Both are actively managed. Over the past 3 years, HYLD-U.TO returned 21.67%/yr vs 45.42%/yr for YGOG.NEO. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

HYLD-U.TO vs. YGOG.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO) and Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.NEO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HYLD-U.TO is traded in USD, while YGOG.NEO is traded in CAD. To make them comparable, the YGOG.NEO values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with HYLD-U.TO having a 15.25% return and YGOG.NEO slightly lower at 14.52%.

HYLD-U.TO

1D
0.11%
1M
8.37%
YTD
15.25%
6M
14.75%
1Y
37.97%
3Y*
21.67%
5Y*
—
10Y*
—

YGOG.NEO

1D
4.64%
1M
-8.47%
YTD
14.52%
6M
13.06%
1Y
123.21%
3Y*
45.42%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HYLD-U.TO vs. YGOG.NEO - Yearly Performance Comparison

2026 (YTD)2025202420232022
HYLD-U.TO
Hamilton Enhanced U.S. Covered Call ETF (USD)		15.25%19.83%23.68%17.40%0.02%
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETF		14.52%77.57%34.81%59.63%1.94%

Correlation

The correlation between HYLD-U.TO and YGOG.NEO is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.53

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

0.53

Correlation (All Time)
Calculated using the full available price history since Dec 20, 2022

0.53

The correlation between HYLD-U.TO and YGOG.NEO has been stable across timeframes, ranging from 0.53 to 0.53 - a consistent structural relationship.

HYLD-U.TO vs. YGOG.NEO - Sectors Allocation Comparison

Sectors
HYLD-U.TO
YGOG.NEO

Technology

33.9%

-

Financial Services

12.4%

-

Communication Services

11.3%
100.0%

Healthcare

9.8%

-

Consumer Cyclical

8.1%

-

Industrials

5.0%

-

Basic Materials

5.0%

-

Energy

4.9%

-

Real Estate

3.8%

-

Consumer Defensive

3.4%

-

Utilities

2.4%

-

Technology

HYLD-U.TO
33.9%
YGOG.NEO

-

Financial Services

HYLD-U.TO
12.4%
YGOG.NEO

-

Communication Services

HYLD-U.TO
11.3%
YGOG.NEO
100.0%

Healthcare

HYLD-U.TO
9.8%
YGOG.NEO

-

Consumer Cyclical

HYLD-U.TO
8.1%
YGOG.NEO

-

Industrials

HYLD-U.TO
5.0%
YGOG.NEO

-

Basic Materials

HYLD-U.TO
5.0%
YGOG.NEO

-

Energy

HYLD-U.TO
4.9%
YGOG.NEO

-

Real Estate

HYLD-U.TO
3.8%
YGOG.NEO

-

Consumer Defensive

HYLD-U.TO
3.4%
YGOG.NEO

-

Utilities

HYLD-U.TO
2.4%
YGOG.NEO

-

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Hamilton Enhanced U.S. Covered Call ETF (USD)

Alphabet (GOOGL) Yield Shares Purpose ETF

Often compared with HYLD-U.TO:
HYLD-U.TO vs. LMAX.TOHYLD-U.TO vs. USCL.TOHYLD-U.TO vs. HLIF.TOHYLD-U.TO vs. CRCY.TOHYLD-U.TO vs. HBIL.TOHYLD-U.TO vs. FMAX.TOHYLD-U.TO vs. QMVP.TO
Often compared with YGOG.NEO:
YGOG.NEO vs. HBF.TOYGOG.NEO vs. MSHE.TOYGOG.NEO vs. CBNK.TOYGOG.NEO vs. HLIF.TOYGOG.NEO vs. TEC.TOYGOG.NEO vs. GOGY.TOYGOG.NEO vs. UMAX.TO

Return for Risk

HYLD-U.TO vs. YGOG.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HYLD-U.TO
HYLD-U.TO Risk / Return Rank: 7474
Overall Rank
HYLD-U.TO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
HYLD-U.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
HYLD-U.TO Omega Ratio Rank: 7777
Omega Ratio Rank
HYLD-U.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
HYLD-U.TO Martin Ratio Rank: 7171
Martin Ratio Rank
YGOG.NEO
YGOG.NEO Risk / Return Rank: 9393
Overall Rank
YGOG.NEO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
YGOG.NEO Sortino Ratio Rank: 9595
Sortino Ratio Rank
YGOG.NEO Omega Ratio Rank: 9393
Omega Ratio Rank
YGOG.NEO Calmar Ratio Rank: 9191
Calmar Ratio Rank
YGOG.NEO Martin Ratio Rank: 9191
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.

HYLD-U.TO vs. YGOG.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO) and Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.NEO). 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.

HYLD-U.TOYGOG.NEODifference
Sharpe ratioReturn per unit of total volatility
2.55
3.78

-1.23

Sortino ratioReturn per unit of downside risk
3.45
4.69

-1.24

Omega ratioGain probability vs. loss probability

1.45

1.59

-0.14

Calmar ratioReturn relative to maximum drawdown

3.06

5.38

-2.32

Martin ratioReturn relative to average drawdown

13.05

20.62

-7.57

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYLD-U.TO vs. YGOG.NEO - Sharpe Ratio Comparison

The current HYLD-U.TO Sharpe Ratio is 2.55, which is lower than the YGOG.NEO Sharpe Ratio of 3.78. The chart below compares the historical Sharpe Ratios of HYLD-U.TO and YGOG.NEO, 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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Sharpe Ratios by Period

HYLD-U.TOYGOG.NEODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.55

3.78

-1.23

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

1.59

-1.00

Drawdowns

HYLD-U.TO vs. YGOG.NEO - Drawdown Comparison

The maximum HYLD-U.TO drawdown since its inception was -31.64%, roughly equal to the maximum YGOG.NEO drawdown of -33.00%. Use the drawdown chart below to compare losses from any high point for HYLD-U.TO and YGOG.NEO.

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Drawdown Indicators

HYLD-U.TOYGOG.NEODifference

Max Drawdown

Largest peak-to-trough decline

-31.64%

-33.00%

+1.36%

Max Drawdown (1Y)

Largest decline over 1 year

-12.46%

-23.14%

+10.68%

Max Drawdown (3Y)

Largest decline over 3 years

-22.66%

-33.00%

+10.34%

Current Drawdown

Current decline from peak

-0.06%

-8.84%

+8.78%

Average Drawdown

Average peak-to-trough decline

-9.72%

-7.57%

-2.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.92%

6.03%

-3.11%

Volatility

HYLD-U.TO vs. YGOG.NEO - Volatility Comparison

The current volatility for Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO) is 4.18%, while Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.NEO) has a volatility of 12.11%. This indicates that HYLD-U.TO experiences smaller price fluctuations and is considered to be less risky than YGOG.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HYLD-U.TOYGOG.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.18%

12.11%

-7.93%

Volatility (6M)

Calculated over the trailing 6-month period

11.81%

23.98%

-12.17%

Volatility (1Y)

Calculated over the trailing 1-year period

14.98%

32.98%

-18.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.73%

34.18%

-14.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.73%

34.18%

-14.45%

Dividends

HYLD-U.TO vs. YGOG.NEO - Dividend Comparison

HYLD-U.TO's dividend yield for the trailing twelve months is around 7.56%, less than YGOG.NEO's 7.78% yield.

PositionTTM2025202420232022
HYLD-U.TO
Hamilton Enhanced U.S. Covered Call ETF (USD)		7.56%8.06%8.49%8.82%9.99%
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETF		7.78%5.84%14.19%7.22%0.91%

Frequently Asked Questions

HYLD-U.TO and YGOG.NEO have a correlation of 0.53, 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 Purpose.

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