HYLD.TO vs. HBIX.NEO
HYLD.TO (Hamilton Enhanced U.S. Covered Call ETF) and HBIX.NEO (Harvest Bitcoin Enhanced Income ETF) are both exchange-traded funds - HYLD.TO is a Derivative Income fund actively managed by Hamilton Capital, while HBIX.NEO is a Leveraged Cryptocurrency fund actively managed by Harvest. Both are actively managed. Over the past year, HYLD.TO returned 38.66% vs -39.38% for HBIX.NEO. At a 0.48 correlation, their price movements are largely independent. HYLD.TO charges 2.37%/yr vs 0.65%/yr for HBIX.NEO.
Performance
HYLD.TO vs. HBIX.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, HYLD.TO achieves a 16.05% return, which is significantly higher than HBIX.NEO's -27.17% return.
HYLD.TO
- 1D
- 2.59%
- 1M
- 4.80%
- YTD
- 16.05%
- 6M
- 16.22%
- 1Y
- 38.66%
- 3Y*
- 23.61%
- 5Y*
- —
- 10Y*
- —
HBIX.NEO
- 1D
- 5.20%
- 1M
- -17.92%
- YTD
- -27.17%
- 6M
- -25.02%
- 1Y
- -39.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYLD.TO vs. HBIX.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 16.05% | 28.36% |
HBIX.NEO Harvest Bitcoin Enhanced Income ETF | -27.17% | -9.56% |
Correlation
The correlation between HYLD.TO and HBIX.NEO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 5, 2025 | 0.48 |
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Return for Risk
HYLD.TO vs. HBIX.NEO — Risk / Return Rank
HYLD.TO
HBIX.NEO
HYLD.TO vs. HBIX.NEO - 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 Harvest Bitcoin Enhanced Income ETF (HBIX.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.
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.
| HYLD.TO | HBIX.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.15 | ||
| Sortino ratioReturn per unit of downside risk | +4.15 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.89 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | -0.69 | +3.93 |
| Martin ratioReturn relative to average drawdown | 13.98 | -1.19 | +15.18 |
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Drawdowns
HYLD.TO vs. HBIX.NEO - Drawdown Comparison
The maximum HYLD.TO drawdown since its inception was -31.38%, smaller than the maximum HBIX.NEO drawdown of -57.09%. Use the drawdown chart below to compare losses from any high point for HYLD.TO and HBIX.NEO.
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Drawdown Indicators
| HYLD.TO | HBIX.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.38% | -57.09% | +25.71% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -57.09% | +45.08% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -51.77% | +51.77% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -24.84% | +15.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 33.03% | -30.26% |
Volatility
HYLD.TO vs. HBIX.NEO - Volatility Comparison
The current volatility for Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) is 6.90%, while Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) has a volatility of 15.30%. This indicates that HYLD.TO experiences smaller price fluctuations and is considered to be less risky than HBIX.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.TO | HBIX.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.90% | 15.30% | -8.40% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 41.77% | -28.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.27% | 52.50% | -36.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.35% | 51.35% | -32.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.35% | 51.35% | -32.00% |
HYLD.TO vs. HBIX.NEO - Expense Ratio Comparison
HYLD.TO has a 2.37% expense ratio, which is higher than HBIX.NEO's 0.65% expense ratio.
Dividends
HYLD.TO vs. HBIX.NEO - Dividend Comparison
HYLD.TO's dividend yield for the trailing twelve months is around 11.20%, less than HBIX.NEO's 43.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HBIX.NEO Harvest Bitcoin Enhanced Income ETF | 43.49% | 20.21% | 0.00% | 0.00% | 0.00% |
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 11.20% | 11.98% | 12.13% | 12.11% | 13.02% |
Frequently Asked Questions
HYLD.TO and HBIX.NEO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HBIX.NEO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HBIX.NEO is cheaper with a 0.65% expense ratio, compared with 2.37% for HYLD.TO.
HYLD.TO is categorized as Derivative Income, while HBIX.NEO is Leveraged Cryptocurrency. They also come from different issuers: Hamilton Capital and Harvest. Their fees differ too: 2.37% for HYLD.TO and 0.65% for HBIX.NEO.
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