HYLD.TO vs. PINC.TO
HYLD.TO (Hamilton Enhanced U.S. Covered Call ETF) and PINC.TO (Purpose Multi-Asset Income Fund) are both Derivative Income funds. Both are actively managed. Over the past 3 years, HYLD.TO returned 23.27%/yr vs 14.84%/yr for PINC.TO. Their 0.33 correlation means their historical movements had little consistent relationship. HYLD.TO charges 2.37%/yr vs 1.04%/yr for PINC.TO.
Performance
HYLD.TO vs. PINC.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with HYLD.TO having a 16.59% return and PINC.TO slightly higher at 16.87%.
HYLD.TO
- 1D
- 4.72%
- 1M
- 0.57%
- 6M
- 16.98%
- YTD
- 16.59%
- 1Y
- 34.64%
- 3Y*
- 23.27%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.18%
PINC.TO
- 1D
- -0.35%
- 1M
- 0.99%
- 6M
- 13.71%
- YTD
- 16.87%
- 1Y
- 24.42%
- 3Y*
- 14.84%
- 5Y*
- 6.57%
- 10Y*
- —
- ALL TIME*
- 6.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$4.45M | CA$3.72M | CA$3.65M | |
| CA$17.40K | CA$14.42K | CA$13.40K |
HYLD.TO vs. PINC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 16.59% | 22.14% | 25.39% | 19.01% | -18.00% |
PINC.TO Purpose Multi-Asset Income Fund | 16.87% | 14.41% | 11.54% | 0.95% | -11.81% |
Correlation
The correlation between HYLD.TO and PINC.TO is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022 | 0.33 |
The correlation between HYLD.TO and PINC.TO shifts across timeframes, from 0.18 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYLD.TO vs. PINC.TO — Risk / Return Rank
HYLD.TO
PINC.TO
HYLD.TO vs. PINC.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 Purpose Multi-Asset Income Fund (PINC.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.
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 | PINC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.81 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 6.84 | -3.94 |
| Martin ratioReturn relative to average drawdown | 11.74 | 26.46 | -14.71 |
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Drawdowns
HYLD.TO vs. PINC.TO - Drawdown Comparison
The maximum HYLD.TO drawdown since its inception was -31.38%, smaller than the maximum PINC.TO drawdown of -43.84%. Use the drawdown chart below to compare losses from any high point for HYLD.TO and PINC.TO.
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Drawdown Indicators
| HYLD.TO | PINC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.38% | -43.84% | +12.46% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -3.59% | -8.42% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -8.55% | -13.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.04% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.29% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -8.66% | -5.79% | -2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 0.93% | +2.03% |
Volatility
HYLD.TO vs. PINC.TO - Volatility Comparison
Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) has a higher volatility of 7.08% compared to Purpose Multi-Asset Income Fund (PINC.TO) at 1.70%. This indicates that HYLD.TO's price experiences larger fluctuations and is considered to be riskier than PINC.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.TO | PINC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.08% | 1.70% | +5.38% |
Volatility (6M)Calculated over the trailing 6-month period | 15.13% | 5.02% | +10.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.79% | 6.34% | +11.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.43% | 8.39% | +11.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 14.68% | +4.75% |
HYLD.TO vs. PINC.TO - Expense Ratio Comparison
HYLD.TO has a 2.37% expense ratio, which is higher than PINC.TO's 1.04% expense ratio.
Dividends
HYLD.TO vs. PINC.TO - Dividend Comparison
HYLD.TO's dividend yield for the trailing twelve months is around 11.59%, more than PINC.TO's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 11.59% | 11.98% | 12.13% | 12.11% | 13.02% | 0.00% | 0.00% | 0.00% | 0.00% |
PINC.TO Purpose Multi-Asset Income Fund | 4.44% | 5.05% | 5.48% | 5.78% | 5.51% | 4.60% | 5.33% | 5.06% | 3.66% |
Frequently Asked Questions
HYLD.TO and PINC.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PINC.TO is cheaper at 1.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PINC.TO is cheaper with a 1.04% expense ratio, compared with 2.37% for HYLD.TO.
They also come from different issuers: Hamilton and Purpose. Their fees differ too: 2.37% for HYLD.TO and 1.04% for PINC.TO.
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