HYLD.TO vs. ECHI.TO
HYLD.TO (Hamilton Enhanced U.S. Covered Call ETF) and ECHI.TO (Ninepoint Enhanced Canadian HighShares ETF) are both Derivative Income funds. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. HYLD.TO charges 2.37%/yr vs 0.29%/yr for ECHI.TO.
Performance
HYLD.TO vs. ECHI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HYLD.TO achieves a 15.73% return, which is significantly lower than ECHI.TO's 16.77% return.
HYLD.TO
- 1D
- 0.09%
- 1M
- 9.70%
- YTD
- 15.73%
- 6M
- 15.82%
- 1Y
- 39.70%
- 3Y*
- 23.83%
- 5Y*
- —
- 10Y*
- —
ECHI.TO
- 1D
- -0.95%
- 1M
- 4.10%
- YTD
- 16.77%
- 6M
- 19.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYLD.TO vs. ECHI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 15.73% | 11.03% |
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF | 16.77% | 20.01% |
Correlation
The correlation between HYLD.TO and ECHI.TO is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 25, 2025 | 0.60 |
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Return for Risk
HYLD.TO vs. ECHI.TO — Risk / Return Rank
HYLD.TO
ECHI.TO
HYLD.TO vs. ECHI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) and Ninepoint Enhanced Canadian HighShares ETF (ECHI.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.
| HYLD.TO | ECHI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.47 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | — | — |
| Martin ratioReturn relative to average drawdown | 14.63 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYLD.TO | ECHI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 3.14 | -2.44 |
Drawdowns
HYLD.TO vs. ECHI.TO - Drawdown Comparison
The maximum HYLD.TO drawdown since its inception was -31.38%, which is greater than ECHI.TO's maximum drawdown of -6.84%. Use the drawdown chart below to compare losses from any high point for HYLD.TO and ECHI.TO.
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Drawdown Indicators
| HYLD.TO | ECHI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.38% | -6.84% | -24.54% |
Max Drawdown (1Y)Largest decline over 1 year | -12.04% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.95% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -8.91% | -1.26% | -7.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | — | — |
Volatility
HYLD.TO vs. ECHI.TO - Volatility Comparison
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Volatility by Period
| HYLD.TO | ECHI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.17% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.31% | 17.48% | -2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.22% | 17.48% | +1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.22% | 17.48% | +1.74% |
HYLD.TO vs. ECHI.TO - Expense Ratio Comparison
HYLD.TO has a 2.37% expense ratio, which is higher than ECHI.TO's 0.29% expense ratio.
Dividends
HYLD.TO vs. ECHI.TO - Dividend Comparison
HYLD.TO's dividend yield for the trailing twelve months is around 11.23%, more than ECHI.TO's 10.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF | 10.90% | 5.27% | 0.00% | 0.00% | 0.00% |
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 11.23% | 11.98% | 12.13% | 12.11% | 13.02% |
Frequently Asked Questions
HYLD.TO and ECHI.TO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ECHI.TO is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECHI.TO is cheaper with a 0.29% expense ratio, compared with 2.37% for HYLD.TO.
They also come from different issuers: Hamilton Capital and Ninepoint. Their fees differ too: 2.37% for HYLD.TO and 0.29% for ECHI.TO.
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