LFE.TO vs. HDIV.TO
LFE.TO (Canadian Life Companies Split Corp.) is a stock, while HDIV.TO (Hamilton Enhanced Canadian Covered Call ETF) is Derivative Income fund actively managed by Hamilton ETFs. Over the past 3 years, LFE.TO returned 70.90%/yr vs 28.00%/yr for HDIV.TO. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
LFE.TO vs. HDIV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, LFE.TO achieves a 35.63% return, which is significantly higher than HDIV.TO's 19.24% return.
LFE.TO
- 1D
- -0.22%
- 1M
- 18.51%
- 6M
- 30.48%
- YTD
- 35.63%
- 1Y
- 79.61%
- 3Y*
- 70.90%
- 5Y*
- 38.24%
- 10Y*
- 23.39%
HDIV.TO
- 1D
- -0.17%
- 1M
- 1.86%
- 6M
- 15.36%
- YTD
- 19.24%
- 1Y
- 43.40%
- 3Y*
- 28.00%
- 5Y*
- —
- 10Y*
- —
LFE.TO vs. HDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LFE.TO Canadian Life Companies Split Corp. | 35.63% | 30.06% | 122.13% | 59.50% | -33.42% | 24.11% |
HDIV.TO Hamilton Enhanced Canadian Covered Call ETF | 19.24% | 33.87% | 23.15% | 13.91% | -2.53% | 9.13% |
Correlation
The correlation between LFE.TO and HDIV.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2021 | 0.58 |
Over the past year, the correlation between LFE.TO and HDIV.TO has dropped to 0.29 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
LFE.TO vs. HDIV.TO — Risk / Return Rank
LFE.TO
HDIV.TO
LFE.TO vs. HDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Life Companies Split Corp. (LFE.TO) and Hamilton Enhanced Canadian Covered Call ETF (HDIV.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.
| LFE.TO | HDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.59 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 4.99 | -0.60 |
| Martin ratioReturn relative to average drawdown | 17.00 | 23.76 | -6.77 |
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Drawdowns
LFE.TO vs. HDIV.TO - Drawdown Comparison
The maximum LFE.TO drawdown since its inception was -92.80%, which is greater than HDIV.TO's maximum drawdown of -22.32%. Use the drawdown chart below to compare losses from any high point for LFE.TO and HDIV.TO.
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Drawdown Indicators
| LFE.TO | HDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.80% | -22.32% | -70.48% |
Max Drawdown (1Y)Largest decline over 1 year | -18.20% | -8.73% | -9.47% |
Max Drawdown (3Y)Largest decline over 3 years | -39.13% | -14.58% | -24.55% |
Max Drawdown (5Y)Largest decline over 5 years | -57.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.38% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -0.17% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -65.48% | -4.15% | -61.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.70% | 1.83% | +2.87% |
Volatility
LFE.TO vs. HDIV.TO - Volatility Comparison
Canadian Life Companies Split Corp. (LFE.TO) has a higher volatility of 4.27% compared to Hamilton Enhanced Canadian Covered Call ETF (HDIV.TO) at 3.16%. This indicates that LFE.TO's price experiences larger fluctuations and is considered to be riskier than HDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LFE.TO | HDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 3.16% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 16.08% | 10.84% | +5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.74% | 13.16% | +4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.39% | 15.57% | +26.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.08% | 15.57% | +33.51% |
Dividends
LFE.TO vs. HDIV.TO - Dividend Comparison
LFE.TO's dividend yield for the trailing twelve months is around 13.02%, more than HDIV.TO's 9.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDIV.TO Hamilton Enhanced Canadian Covered Call ETF | 9.26% | 10.09% | 11.38% | 10.41% | 9.64% | 3.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LFE.TO Canadian Life Companies Split Corp. | 13.02% | 16.33% | 9.45% | 0.00% | 4.13% | 1.45% | 6.94% | 2.69% | 4.94% | 14.49% | 4.16% | 2.85% |
Frequently Asked Questions
LFE.TO and HDIV.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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