HYLD.TO vs. HMAX.TO
Compare and contrast key facts about Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) and Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO).
HYLD.TO and HMAX.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYLD.TO is an actively managed fund by Hamilton Capital. It was launched on Feb 4, 2022. HMAX.TO is an actively managed fund by Hamilton Capital. It was launched on Jan 20, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYLD.TO or HMAX.TO.
Correlation
The correlation between HYLD.TO and HMAX.TO is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HYLD.TO vs. HMAX.TO - Performance Comparison
Key characteristics
HYLD.TO:
1.48
HMAX.TO:
2.25
HYLD.TO:
2.02
HMAX.TO:
3.03
HYLD.TO:
1.27
HMAX.TO:
1.43
HYLD.TO:
2.21
HMAX.TO:
4.10
HYLD.TO:
9.38
HMAX.TO:
13.00
HYLD.TO:
2.46%
HMAX.TO:
1.53%
HYLD.TO:
15.57%
HMAX.TO:
8.86%
HYLD.TO:
-31.38%
HMAX.TO:
-15.34%
HYLD.TO:
-2.74%
HMAX.TO:
-2.88%
Returns By Period
In the year-to-date period, HYLD.TO achieves a 2.22% return, which is significantly higher than HMAX.TO's -0.01% return.
HYLD.TO
2.22%
-2.13%
6.67%
20.37%
N/A
N/A
HMAX.TO
-0.01%
-1.26%
10.22%
19.14%
N/A
N/A
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HYLD.TO vs. HMAX.TO - Expense Ratio Comparison
HYLD.TO has a 2.37% expense ratio, which is higher than HMAX.TO's 0.65% expense ratio.
Risk-Adjusted Performance
HYLD.TO vs. HMAX.TO — Risk-Adjusted Performance Rank
HYLD.TO
HMAX.TO
HYLD.TO vs. HMAX.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) and Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.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.
Dividends
HYLD.TO vs. HMAX.TO - Dividend Comparison
HYLD.TO's dividend yield for the trailing twelve months is around 12.14%, less than HMAX.TO's 14.21% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 12.14% | 12.13% | 12.11% | 13.02% |
HMAX.TO Hamilton Canadian Financials YIELD MAXIMIZER ETF | 14.21% | 14.08% | 15.47% | 0.00% |
Drawdowns
HYLD.TO vs. HMAX.TO - Drawdown Comparison
The maximum HYLD.TO drawdown since its inception was -31.38%, which is greater than HMAX.TO's maximum drawdown of -15.34%. Use the drawdown chart below to compare losses from any high point for HYLD.TO and HMAX.TO. For additional features, visit the drawdowns tool.
Volatility
HYLD.TO vs. HMAX.TO - Volatility Comparison
Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) has a higher volatility of 4.42% compared to Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) at 2.42%. This indicates that HYLD.TO's price experiences larger fluctuations and is considered to be riskier than HMAX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.