HYLD.TO vs. XYLD
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 2% OTM BuyWrite Index. It was launched on Jun 24, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYLD.TO or XYLD.
Correlation
The correlation between HYLD.TO and XYLD is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HYLD.TO vs. XYLD - Performance Comparison
Key characteristics
HYLD.TO:
1.66
XYLD:
2.74
HYLD.TO:
2.25
XYLD:
3.82
HYLD.TO:
1.30
XYLD:
1.69
HYLD.TO:
2.44
XYLD:
3.89
HYLD.TO:
10.40
XYLD:
25.17
HYLD.TO:
2.46%
XYLD:
0.80%
HYLD.TO:
15.42%
XYLD:
7.37%
HYLD.TO:
-31.38%
XYLD:
-33.46%
HYLD.TO:
-0.11%
XYLD:
0.00%
Returns By Period
In the year-to-date period, HYLD.TO achieves a 4.98% return, which is significantly higher than XYLD's 3.27% return.
HYLD.TO
4.98%
1.79%
9.47%
26.32%
N/A
N/A
XYLD
3.27%
1.86%
11.39%
20.71%
6.91%
7.37%
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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.
Risk-Adjusted Performance
HYLD.TO vs. XYLD — Risk-Adjusted Performance Rank
HYLD.TO
XYLD
HYLD.TO vs. XYLD - 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 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.
Dividends
HYLD.TO vs. XYLD - Dividend Comparison
HYLD.TO's dividend yield for the trailing twelve months is around 11.82%, more than XYLD's 10.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 11.82% | 12.13% | 12.11% | 13.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XYLD Global X S&P 500 Covered Call ETF | 10.71% | 11.55% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 5.17% | 3.24% | 4.65% | 4.15% |
Drawdowns
HYLD.TO vs. XYLD - Drawdown Comparison
The maximum HYLD.TO drawdown since its inception was -31.38%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for HYLD.TO and XYLD. For additional features, visit the drawdowns tool.
Volatility
HYLD.TO vs. XYLD - Volatility Comparison
Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) has a higher volatility of 3.64% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.42%. 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.