MIX.TO vs. VBAL.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Hamilton Enhanced Mixed Asset ETF (MIX.TO) and Vanguard Balanced ETF Portfolio (VBAL.TO).

MIX.TO and VBAL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MIX.TO is a passively managed fund by Hamilton that tracks the performance of the Solactive Hamilton Mixed Asset Index. It was launched on Apr 25, 2025. VBAL.TO is an actively managed fund by Vanguard. It was launched on Jan 25, 2018.

Performance

MIX.TO vs. VBAL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Enhanced Mixed Asset ETF (MIX.TO) and Vanguard Balanced ETF Portfolio (VBAL.TO). The values are adjusted to include any dividend payments, if applicable.

MIX.TO vs. VBAL.TO - Yearly Performance Comparison

	2026 (YTD)	2025
MIX.TO Hamilton Enhanced Mixed Asset ETF	-1.88%	25.24%
VBAL.TO Vanguard Balanced ETF Portfolio	0.43%	14.95%

Returns By Period

In the year-to-date period, MIX.TO achieves a -1.88% return, which is significantly lower than VBAL.TO's 0.43% return.

MIX.TO

• 1D: 2.22%
• 1M: -7.55%
• YTD: -1.88%
• 6M: 1.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VBAL.TO

• 1D: 1.84%
• 1M: -3.47%
• YTD: 0.43%
• 6M: 2.10%
• 1Y: 13.39%
• 3Y*: 11.80%
• 5Y*: 6.97%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MIX.TO vs. VBAL.TO - Expense Ratio Comparison

MIX.TO has a 0.00% expense ratio, which is lower than VBAL.TO's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

VBAL.TO

Vanguard Balanced ETF Portfolio

MIX.TO

Hamilton Enhanced Mixed Asset ETF

Return for Risk

MIX.TO vs. VBAL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VBAL.TO

VBAL.TO Risk / Return Rank: 77
VBAL.TO Sharpe Ratio Rank: 76
VBAL.TO Sortino Ratio Rank: 76
VBAL.TO Omega Ratio Rank: 77
VBAL.TO Calmar Ratio Rank: 75
VBAL.TO Martin Ratio Rank: 78

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.

MIX.TO vs. VBAL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced Mixed Asset ETF (MIX.TO) and Vanguard Balanced ETF Portfolio (VBAL.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MIX.TO	VBAL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.33	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.07	0.71	+1.36

Correlation

The correlation between MIX.TO and VBAL.TO 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.

Dividends

MIX.TO vs. VBAL.TO - Dividend Comparison

MIX.TO's dividend yield for the trailing twelve months is around 1.26%, less than VBAL.TO's 2.20% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MIX.TO Hamilton Enhanced Mixed Asset ETF	1.26%	1.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VBAL.TO Vanguard Balanced ETF Portfolio	2.20%	2.21%	2.29%	2.34%	2.19%	1.93%	1.81%	2.23%	2.01%

Drawdowns

MIX.TO vs. VBAL.TO - Drawdown Comparison

The maximum MIX.TO drawdown since its inception was -10.71%, smaller than the maximum VBAL.TO drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for MIX.TO and VBAL.TO.

Drawdown Indicators

	MIX.TO	VBAL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-10.71%	-21.19%	+10.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.43%	—
Current Drawdown Current decline from peak	-8.29%	-3.72%	-4.57%
Average Drawdown Average peak-to-trough decline	-1.22%	-3.21%	+1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.81%	—

Volatility

Volatility by Period

	MIX.TO	VBAL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.14%	10.14%	+2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.14%	8.54%	+3.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.14%	10.10%	+2.04%