NPI.TO vs. HYLD.TO
NPI.TO (Northland Power Inc.) is a stock, while HYLD.TO (Hamilton Enhanced U.S. Covered Call ETF) is Derivative Income fund actively managed by Hamilton Capital. Over the past 3 years, NPI.TO returned -0.84%/yr vs 23.77%/yr for HYLD.TO. At a 0.25 correlation, their price movements are largely independent.
Performance
NPI.TO vs. HYLD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, NPI.TO achieves a 32.45% return, which is significantly higher than HYLD.TO's 15.59% return.
NPI.TO
- 1D
- -0.81%
- 1M
- 0.77%
- YTD
- 32.45%
- 6M
- 37.29%
- 1Y
- 17.96%
- 3Y*
- -0.84%
- 5Y*
- -5.05%
- 10Y*
- 6.38%
HYLD.TO
- 1D
- -0.12%
- 1M
- 8.11%
- YTD
- 15.59%
- 6M
- 15.44%
- 1Y
- 39.58%
- 3Y*
- 23.77%
- 5Y*
- —
- 10Y*
- —
NPI.TO vs. HYLD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NPI.TO Northland Power Inc. | 32.45% | 5.66% | -18.65% | -31.01% | 8.23% |
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 15.59% | 22.14% | 25.39% | 19.01% | -18.85% |
Correlation
The correlation between NPI.TO and HYLD.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2022 | 0.25 |
The correlation between NPI.TO and HYLD.TO shifts across timeframes, from 0.12 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NPI.TO vs. HYLD.TO — Risk / Return Rank
NPI.TO
HYLD.TO
NPI.TO vs. HYLD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northland Power Inc. (NPI.TO) and Hamilton Enhanced U.S. Covered Call ETF (HYLD.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.
| NPI.TO | HYLD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.47 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 3.30 | -2.81 |
| Martin ratioReturn relative to average drawdown | 1.10 | 14.59 | -13.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NPI.TO | HYLD.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 2.60 | -2.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.69 | -0.22 |
Drawdowns
NPI.TO vs. HYLD.TO - Drawdown Comparison
The maximum NPI.TO drawdown since its inception was -58.76%, which is greater than HYLD.TO's maximum drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for NPI.TO and HYLD.TO.
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Drawdown Indicators
| NPI.TO | HYLD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -31.38% | -27.38% |
Max Drawdown (1Y)Largest decline over 1 year | -37.01% | -12.04% | -24.97% |
Max Drawdown (3Y)Largest decline over 3 years | -37.01% | -21.83% | -15.18% |
Max Drawdown (5Y)Largest decline over 5 years | -57.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -58.76% | — | — |
Current DrawdownCurrent decline from peak | -37.27% | -0.12% | -37.15% |
Average DrawdownAverage peak-to-trough decline | -12.05% | -8.90% | -3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.30% | 2.72% | +13.58% |
Volatility
NPI.TO vs. HYLD.TO - Volatility Comparison
Northland Power Inc. (NPI.TO) has a higher volatility of 6.96% compared to Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) at 4.51%. This indicates that NPI.TO's price experiences larger fluctuations and is considered to be riskier than HYLD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NPI.TO | HYLD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 4.51% | +2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 16.81% | 12.17% | +4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.21% | 15.31% | +20.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.88% | 19.21% | +8.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.69% | 19.21% | +7.48% |
Dividends
NPI.TO vs. HYLD.TO - Dividend Comparison
NPI.TO's dividend yield for the trailing twelve months is around 4.12%, less than HYLD.TO's 11.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 11.25% | 11.98% | 12.13% | 12.11% | 13.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NPI.TO Northland Power Inc. | 4.12% | 6.50% | 11.02% | 6.95% | 5.01% | 5.04% | 4.11% | 6.77% | 5.53% | 4.67% | 4.64% | 5.79% |
Frequently Asked Questions
NPI.TO and HYLD.TO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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