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HYLD.TO vs. HHIS.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HYLD.TO vs. HHIS.TO

Last updated Jun 4, 2026

HYLD.TO (Hamilton Enhanced U.S. Covered Call ETF) and HHIS.TO (Harvest Diversified High Income Shares ETF) are both Derivative Income funds. Both are actively managed. Over the past year, HYLD.TO returned 39.70% vs 31.98% for HHIS.TO. Their correlation of 0.80 suggests significant overlap in exposure. HYLD.TO charges 2.37%/yr vs 0.00%/yr for HHIS.TO.

Performance

HYLD.TO vs. HHIS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) and Harvest Diversified High Income Shares ETF (HHIS.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HYLD.TO achieves a 15.73% return, which is significantly higher than HHIS.TO's 9.32% return.

HYLD.TO

1D
0.09%
1M
9.70%
YTD
15.73%
6M
15.82%
1Y
39.70%
3Y*
23.83%
5Y*
—
10Y*
—

HHIS.TO

1D
-1.25%
1M
7.52%
YTD
9.32%
6M
4.61%
1Y
31.98%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETF		15.73%20.47%
HHIS.TO
Harvest Diversified High Income Shares ETF		9.32%24.40%

Correlation

The correlation between HYLD.TO and HHIS.TO is 0.79, 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

0.79

Correlation (All Time)
Calculated using the full available price history since Jan 17, 2025

0.80

The correlation between HYLD.TO and HHIS.TO has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Hamilton Enhanced U.S. Covered Call ETF

Harvest Diversified High Income Shares ETF

Often compared with HYLD.TO:
HYLD.TO vs. HDIV.TOHYLD.TO vs. VFV.TOHYLD.TO vs. USCL.TOHYLD.TO vs. HMAX.TOHYLD.TO vs. XYLDHYLD.TO vs. XEQT.TOHYLD.TO vs. BANK.TO
Often compared with HHIS.TO:
HHIS.TO vs. HDIV.TOHHIS.TO vs. HMAX.TOHHIS.TO vs. MSTE.TOHHIS.TO vs. XEI.TOHHIS.TO vs. HHIC.TOHHIS.TO vs. HTAE.TOHHIS.TO vs. QDAY.NEO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HYLD.TO
HYLD.TO Risk / Return Rank: 7575
Overall Rank
HYLD.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
HYLD.TO Sortino Ratio Rank: 7777
Sortino Ratio Rank
HYLD.TO Omega Ratio Rank: 7777
Omega Ratio Rank
HYLD.TO Calmar Ratio Rank: 6666
Calmar Ratio Rank
HYLD.TO Martin Ratio Rank: 7575
Martin Ratio Rank
HHIS.TO
HHIS.TO Risk / Return Rank: 3232
Overall Rank
HHIS.TO Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
HHIS.TO Sortino Ratio Rank: 3535
Sortino Ratio Rank
HHIS.TO Omega Ratio Rank: 3636
Omega Ratio Rank
HHIS.TO Calmar Ratio Rank: 2727
Calmar Ratio Rank
HHIS.TO Martin Ratio Rank: 2424
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.TO vs. HHIS.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 Harvest Diversified High Income Shares ETF (HHIS.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.TOHHIS.TODifference
Sharpe ratioReturn per unit of total volatility
2.61
1.38

+1.23

Sortino ratioReturn per unit of downside risk
3.52
1.89

+1.63

Omega ratioGain probability vs. loss probability

1.47

1.24

+0.22

Calmar ratioReturn relative to maximum drawdown

3.31

1.31

+2.00

Martin ratioReturn relative to average drawdown

14.63

3.27

+11.36

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.TO vs. HHIS.TO - Sharpe Ratio Comparison

The current HYLD.TO Sharpe Ratio is 2.61, which is higher than the HHIS.TO Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of HYLD.TO and HHIS.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.

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Sharpe Ratios by Period

HYLD.TOHHIS.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.61

1.38

+1.23

Sharpe Ratio (All Time)

Calculated using the full available price history

0.69

0.74

-0.05

Drawdowns

HYLD.TO vs. HHIS.TO - Drawdown Comparison

The maximum HYLD.TO drawdown since its inception was -31.38%, roughly equal to the maximum HHIS.TO drawdown of -31.83%. Use the drawdown chart below to compare losses from any high point for HYLD.TO and HHIS.TO.

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Drawdown Indicators

HYLD.TOHHIS.TODifference

Max Drawdown

Largest peak-to-trough decline

-31.38%

-31.83%

+0.45%

Max Drawdown (1Y)

Largest decline over 1 year

-12.04%

-24.43%

+12.39%

Max Drawdown (3Y)

Largest decline over 3 years

-21.83%

—

—

Current Drawdown

Current decline from peak

0.00%

-2.95%

+2.95%

Average Drawdown

Average peak-to-trough decline

-8.91%

-8.70%

-0.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.72%

9.79%

-7.07%

Volatility

HYLD.TO vs. HHIS.TO - Volatility Comparison

The current volatility for Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) is 4.58%, while Harvest Diversified High Income Shares ETF (HHIS.TO) has a volatility of 5.51%. This indicates that HYLD.TO experiences smaller price fluctuations and is considered to be less risky than HHIS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HYLD.TOHHIS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.58%

5.51%

-0.93%

Volatility (6M)

Calculated over the trailing 6-month period

12.17%

16.97%

-4.80%

Volatility (1Y)

Calculated over the trailing 1-year period

15.31%

23.36%

-8.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.22%

33.78%

-14.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.22%

33.78%

-14.56%

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

HYLD.TO has a 2.37% expense ratio, which is higher than HHIS.TO's 0.00% expense ratio.

Dividends

HYLD.TO vs. HHIS.TO - Dividend Comparison

HYLD.TO's dividend yield for the trailing twelve months is around 11.23%, less than HHIS.TO's 26.63% yield.

PositionTTM2025202420232022
HHIS.TO
Harvest Diversified High Income Shares ETF		26.63%22.88%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 HHIS.TO have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HHIS.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HHIS.TO is cheaper with a 0.00% expense ratio, compared with 2.37% for HYLD.TO.

They also come from different issuers: Hamilton Capital and Harvest. Their fees differ too: 2.37% for HYLD.TO and 0.00% for HHIS.TO.

Portfolio Optimizer

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