PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PDIV.TO vs. HYLD.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PDIV.TO vs. HYLD.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Purpose Enhanced Dividend Fund ETF (PDIV.TO) and Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO).

PDIV.TO and HYLD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PDIV.TO is an actively managed fund by Purpose Investments. It was launched on Jan 2, 2018. HYLD.TO is an actively managed fund by Hamilton Capital. It was launched on Feb 4, 2022.

Performance

PDIV.TO vs. HYLD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Enhanced Dividend Fund ETF (PDIV.TO) and Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

PDIV.TO vs. HYLD.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
PDIV.TO
Purpose Enhanced Dividend Fund ETF		1.14%15.82%10.71%4.64%-5.03%
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETF		-8.12%22.14%25.39%19.01%-18.85%

Returns By Period

In the year-to-date period, PDIV.TO achieves a 1.14% return, which is significantly higher than HYLD.TO's -8.12% return.

PDIV.TO

1D
1.48%
1M
-3.00%
YTD
1.14%
6M
5.00%
1Y
13.80%
3Y*
9.78%
5Y*
7.84%
10Y*
8.91%

HYLD.TO

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

Purpose Enhanced Dividend Fund ETF

Hamilton Enhanced U.S. Covered Call ETF

Often compared with PDIV.TO:
PDIV.TO vs. HDIV.TOPDIV.TO vs. SPYIPDIV.TO vs. BMAXPDIV.TO vs. PMIF.TOPDIV.TO vs. DGSPDIV.TO vs. USCL.TOPDIV.TO vs. EBNK.TO
Often compared with HYLD.TO:
HYLD.TO vs. HDIV.TOHYLD.TO vs. VFV.TOHYLD.TO vs. USCL.TOHYLD.TO vs. HMAX.TOHYLD.TO vs. XYLDHYLD.TO vs. XEQT.TOHYLD.TO vs. BANK.TO

PDIV.TO vs. HYLD.TO - Expense Ratio Comparison

PDIV.TO has a 0.77% expense ratio, which is lower than HYLD.TO's 2.37% expense ratio.

HYLD.TO
Hamilton Enhanced U.S. Covered Call ETF
PDIV.TO
Purpose Enhanced Dividend Fund ETF

Return for Risk

PDIV.TO vs. HYLD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PDIV.TO
PDIV.TO Risk / Return Rank: 7878
Overall Rank
PDIV.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
PDIV.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
PDIV.TO Omega Ratio Rank: 8484
Omega Ratio Rank
PDIV.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
PDIV.TO Martin Ratio Rank: 8181
Martin Ratio Rank
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
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.

PDIV.TO vs. HYLD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Enhanced Dividend Fund ETF (PDIV.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.

PDIV.TOHYLD.TODifference

Sharpe ratio

Return per unit of total volatility

1.45

0.85

+0.60

Sortino ratio

Return per unit of downside risk

1.99

1.34

+0.65

Omega ratio

Gain probability vs. loss probability

1.33

1.20

+0.13

Calmar ratio

Return relative to maximum drawdown

1.74

1.36

+0.38

Martin ratio

Return relative to average drawdown

8.94

5.82

+3.13

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PDIV.TO vs. HYLD.TO - Sharpe Ratio Comparison

The current PDIV.TO Sharpe Ratio is 1.45, which is higher than the HYLD.TO Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of PDIV.TO and HYLD.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

PDIV.TOHYLD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.45

0.85

+0.60

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.80

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.40

+0.19

Correlation

The correlation between PDIV.TO and HYLD.TO is 0.53, 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

PDIV.TO vs. HYLD.TO - Dividend Comparison

PDIV.TO's dividend yield for the trailing twelve months is around 12.30%, which matches HYLD.TO's 12.36% yield.

TTM20252024202320222021202020192018201720162015
PDIV.TO
Purpose Enhanced Dividend Fund ETF		12.30%12.24%12.35%11.84%6.38%5.59%6.33%5.85%6.80%25.71%5.38%8.10%
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%

Drawdowns

PDIV.TO vs. HYLD.TO - Drawdown Comparison

The maximum PDIV.TO drawdown since its inception was -30.64%, roughly equal to the maximum HYLD.TO drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for PDIV.TO and HYLD.TO.

Loading graphics...

Drawdown Indicators

PDIV.TOHYLD.TODifference

Max Drawdown

Largest peak-to-trough decline

-30.64%

-31.38%

+0.74%

Max Drawdown (1Y)

Largest decline over 1 year

-8.36%

-14.02%

+5.66%

Max Drawdown (5Y)

Largest decline over 5 years

-14.96%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-30.64%

—

—

Current Drawdown

Current decline from peak

-3.25%

-9.77%

+6.52%

Average Drawdown

Average peak-to-trough decline

-4.40%

-9.24%

+4.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.63%

3.28%

-1.65%

Volatility

PDIV.TO vs. HYLD.TO - Volatility Comparison

The current volatility for Purpose Enhanced Dividend Fund ETF (PDIV.TO) is 3.48%, while Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) has a volatility of 7.05%. This indicates that PDIV.TO experiences smaller price fluctuations and is considered to be less risky than HYLD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

PDIV.TOHYLD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.48%

7.05%

-3.57%

Volatility (6M)

Calculated over the trailing 6-month period

5.58%

12.24%

-6.66%

Volatility (1Y)

Calculated over the trailing 1-year period

9.56%

21.72%

-12.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.89%

19.29%

-9.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.96%

19.29%

-5.33%