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

HYLD.TO vs. XYLD

Last updated Apr 1, 2026

Compare and contrast key facts about Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) and Global X S&P 500 Covered Call ETF (XYLD).

HYLD.TO and XYLD 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. XYLD is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 BuyWrite Index. It was launched on Jun 24, 2013.

Performance

HYLD.TO vs. XYLD - 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 Global X S&P 500 Covered Call ETF (XYLD). The values are adjusted to include any dividend payments, if applicable.

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HYLD.TO vs. XYLD - Yearly Performance Comparison

2026 (YTD)2025202420232022
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETF		-8.12%22.14%25.39%19.01%-18.85%
XYLD
Global X S&P 500 Covered Call ETF		0.30%3.06%29.75%8.65%-4.61%
Different Trading Currencies

HYLD.TO is traded in CAD, while XYLD is traded in USD. To make them comparable, the XYLD values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HYLD.TO achieves a -8.12% return, which is significantly lower than XYLD's 0.30% return.

HYLD.TO

1D
2.59%
1M
-6.74%
YTD
-8.12%
6M
-4.52%
1Y
18.39%
3Y*
16.62%
5Y*
—
10Y*
—

XYLD

1D
1.89%
1M
-1.05%
YTD
0.30%
6M
5.24%
1Y
6.85%
3Y*
11.26%
5Y*
9.18%
10Y*
8.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

Global X S&P 500 Covered Call 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. BANK.TOHYLD.TO vs. XEQT.TOHYLD.TO vs. HDIF.TO
Often compared with XYLD:
XYLD vs. JEPIXYLD vs. QYLDXYLD vs. SPYXYLD vs. RYLDXYLD vs. XYLGXYLD vs. VOOXYLD vs. SCHD

HYLD.TO vs. XYLD - Expense Ratio Comparison

HYLD.TO has a 2.37% expense ratio, which is higher than XYLD's 0.60% expense ratio.

HYLD.TO
Hamilton Enhanced U.S. Covered Call ETF
XYLD
Global X S&P 500 Covered Call ETF

Return for Risk

HYLD.TO vs. XYLD — 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: 5757
Overall Rank
HYLD.TO Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
HYLD.TO Sortino Ratio Rank: 5454
Sortino Ratio Rank
HYLD.TO Omega Ratio Rank: 5858
Omega Ratio Rank
HYLD.TO Calmar Ratio Rank: 5959
Calmar Ratio Rank
HYLD.TO Martin Ratio Rank: 6363
Martin Ratio Rank
XYLD
XYLD Risk / Return Rank: 5656
Overall Rank
XYLD Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
XYLD Sortino Ratio Rank: 4848
Sortino Ratio Rank
XYLD Omega Ratio Rank: 7171
Omega Ratio Rank
XYLD Calmar Ratio Rank: 4747
Calmar Ratio Rank
XYLD Martin Ratio Rank: 6969
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. XYLD - 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 Global X S&P 500 Covered Call ETF (XYLD). 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.TOXYLDDifference

Sharpe ratio

Return per unit of total volatility

0.85

0.49

+0.36

Sortino ratio

Return per unit of downside risk

1.34

0.77

+0.57

Omega ratio

Gain probability vs. loss probability

1.20

1.14

+0.07

Calmar ratio

Return relative to maximum drawdown

1.36

0.76

+0.61

Martin ratio

Return relative to average drawdown

5.82

2.58

+3.24

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. XYLD - Sharpe Ratio Comparison

The current HYLD.TO Sharpe Ratio is 0.85, which is higher than the XYLD Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of HYLD.TO and XYLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

HYLD.TOXYLDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.85

0.49

+0.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.87

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.64

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.40

0.77

-0.37

Correlation

The correlation between HYLD.TO and XYLD is 0.44, 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.

Dividends

HYLD.TO vs. XYLD - Dividend Comparison

HYLD.TO's dividend yield for the trailing twelve months is around 12.36%, more than XYLD's 10.98% yield.

TTM20252024202320222021202020192018201720162015
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETF		12.36%11.98%12.13%12.11%13.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XYLD
Global X S&P 500 Covered Call ETF		10.98%10.51%11.54%10.51%13.43%9.07%7.93%5.76%7.12%5.18%3.23%4.65%

Drawdowns

HYLD.TO vs. XYLD - Drawdown Comparison

The maximum HYLD.TO drawdown since its inception was -31.38%, which is greater than XYLD's maximum drawdown of -27.20%. Use the drawdown chart below to compare losses from any high point for HYLD.TO and XYLD.

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Drawdown Indicators

HYLD.TOXYLDDifference

Max Drawdown

Largest peak-to-trough decline

-31.38%

-33.46%

+2.08%

Max Drawdown (1Y)

Largest decline over 1 year

-14.02%

-10.14%

-3.88%

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.66%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.46%

—

Current Drawdown

Current decline from peak

-9.77%

-3.39%

-6.38%

Average Drawdown

Average peak-to-trough decline

-9.24%

-3.76%

-5.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.28%

1.72%

+1.56%

Volatility

HYLD.TO vs. XYLD - Volatility Comparison

Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) has a higher volatility of 7.05% compared to Global X S&P 500 Covered Call ETF (XYLD) at 4.03%. This indicates that HYLD.TO's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HYLD.TOXYLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.05%

4.03%

+3.02%

Volatility (6M)

Calculated over the trailing 6-month period

12.24%

6.48%

+5.76%

Volatility (1Y)

Calculated over the trailing 1-year period

21.72%

14.00%

+7.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.29%

10.59%

+8.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.29%

13.53%

+5.76%