PGIC.TO vs. HYLD.TO

Last updated Jun 4, 2026

PGIC.TO (Premium Global Income Split Corp.) 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, PGIC.TO returned -15.75%/yr vs 23.83%/yr for HYLD.TO. At a 0.08 correlation, their price movements are largely independent.

Performance

PGIC.TO vs. HYLD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Premium Global Income Split Corp. (PGIC.TO) and Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGIC.TO achieves a 25.23% return, which is significantly higher than HYLD.TO's 15.73% return.

PGIC.TO

• 1D: -1.32%
• 1M: 5.75%
• YTD: 25.23%
• 6M: 27.04%
• 1Y: 44.28%
• 3Y*: -15.75%
• 5Y*: -27.14%
• 10Y*: -11.90%

HYLD.TO

• 1D: 0.09%
• 1M: 9.70%
• YTD: 15.73%
• 6M: 15.82%
• 1Y: 39.70%
• 3Y*: 23.83%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
PGIC.TO Premium Global Income Split Corp.	25.23%	4.88%	-50.62%	-48.37%	-43.03%
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF	15.73%	22.14%	25.39%	19.01%	-18.85%

Correlation

The correlation between PGIC.TO and HYLD.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (All Time) Calculated using the full available price history since Feb 9, 2022	0.08

The correlation between PGIC.TO and HYLD.TO shifts across timeframes, from 0.03 (3 years) to 0.22 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

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

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

PGIC.TO

PGIC.TO Risk / Return Rank: 95
PGIC.TO Sharpe Ratio Rank: 94
PGIC.TO Sortino Ratio Rank: 95
PGIC.TO Omega Ratio Rank: 93
PGIC.TO Calmar Ratio Rank: 97
PGIC.TO Martin Ratio Rank: 98

HYLD.TO

HYLD.TO Risk / Return Rank: 75
HYLD.TO Sharpe Ratio Rank: 78
HYLD.TO Sortino Ratio Rank: 77
HYLD.TO Omega Ratio Rank: 77
HYLD.TO Calmar Ratio Rank: 66
HYLD.TO Martin Ratio Rank: 75

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.

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

This table presents a comparison of risk-adjusted performance metrics for Premium Global Income Split Corp. (PGIC.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.

	PGIC.TO	HYLD.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.98	2.61	+0.38
Sortino ratio: Return per unit of downside risk	4.01	3.52	+0.48
Omega ratio: Gain probability vs. loss probability	1.51	1.47	+0.04
Calmar ratio: Return relative to maximum drawdown	9.42	3.31	+6.10
Martin ratio: Return relative to average drawdown	28.91	14.63	+14.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current PGIC.TO Sharpe Ratio is 2.98, which is comparable to the HYLD.TO Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of PGIC.TO and HYLD.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PGIC.TO	HYLD.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.98	2.61	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.16	0.69	-0.85

Drawdowns

PGIC.TO vs. HYLD.TO - Drawdown Comparison

The maximum PGIC.TO drawdown since its inception was -97.73%, 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 PGIC.TO and HYLD.TO.

Drawdown Indicators

	PGIC.TO	HYLD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-97.73%	-31.38%	-66.35%
Max Drawdown (1Y) Largest decline over 1 year	-4.73%	-12.04%	+7.31%
Max Drawdown (3Y) Largest decline over 3 years	-84.94%	-21.83%	-63.11%
Max Drawdown (5Y) Largest decline over 5 years	-89.13%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-92.49%	—	—
Current Drawdown Current decline from peak	-96.28%	0.00%	-96.28%
Average Drawdown Average peak-to-trough decline	-71.46%	-8.91%	-62.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.54%	2.72%	-1.18%

Volatility

PGIC.TO vs. HYLD.TO - Volatility Comparison

Premium Global Income Split Corp. (PGIC.TO) has a higher volatility of 6.74% compared to Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) at 4.58%. This indicates that PGIC.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.

Volatility by Period

	PGIC.TO	HYLD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	4.58%	+2.16%
Volatility (6M) Calculated over the trailing 6-month period	12.02%	12.17%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	14.98%	15.31%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.07%	19.22%	+65.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.27%	19.22%	+74.05%

Dividends

PGIC.TO vs. HYLD.TO - Dividend Comparison

PGIC.TO's dividend yield for the trailing twelve months is around 12.89%, more than HYLD.TO's 11.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF	11.23%	11.98%	12.13%	12.11%	13.02%	0.00%	0.00%	0.00%
PGIC.TO Premium Global Income Split Corp.	12.89%	15.21%	6.86%	0.00%	0.00%	0.00%	0.47%	4.25%

Frequently Asked Questions

Can I hold both PGIC.TO and HYLD.TO in my portfolio?

PGIC.TO and HYLD.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.