QMVP.TO vs. HCA.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Hamilton Champions U.S. Technology Index ETF (QMVP.TO) and Hamilton Canadian Bank Mean Reversion Index ETF (HCA.TO).

QMVP.TO and HCA.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QMVP.TO is a passively managed fund by Hamilton that tracks the performance of the Solactive Hamilton Champions U.S. Technology Index. It was launched on Jan 20, 2026. HCA.TO is a passively managed fund by Hamilton that tracks the performance of the Solactive Canadian Bank Mean Reversion Index. It was launched on Jun 26, 2020. Both QMVP.TO and HCA.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

QMVP.TO vs. HCA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Champions U.S. Technology Index ETF (QMVP.TO) and Hamilton Canadian Bank Mean Reversion Index ETF (HCA.TO). The values are adjusted to include any dividend payments, if applicable.

QMVP.TO vs. HCA.TO - Yearly Performance Comparison

	2026 (YTD)
QMVP.TO Hamilton Champions U.S. Technology Index ETF	-8.05%
HCA.TO Hamilton Canadian Bank Mean Reversion Index ETF	-0.64%

Returns By Period

QMVP.TO

• 1D: 3.75%
• 1M: -2.61%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HCA.TO

• 1D: 0.00%
• 1M: -5.78%
• YTD: -0.14%
• 6M: 11.27%
• 1Y: 48.91%
• 3Y*: 34.39%
• 5Y*: 25.85%
• 10Y*: —

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

QMVP.TO vs. HCA.TO - Expense Ratio Comparison

QMVP.TO has a 0.19% expense ratio, which is lower than HCA.TO's 0.45% expense ratio.

HCA.TO

Hamilton Canadian Bank Mean Reversion Index ETF

QMVP.TO

Hamilton Champions U.S. Technology Index ETF

Return for Risk

QMVP.TO vs. HCA.TO — Risk / Return Rank

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

HCA.TO

HCA.TO Risk / Return Rank: 98
HCA.TO Sharpe Ratio Rank: 98
HCA.TO Sortino Ratio Rank: 98
HCA.TO Omega Ratio Rank: 98
HCA.TO Calmar Ratio Rank: 98
HCA.TO Martin Ratio Rank: 98

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.

QMVP.TO vs. HCA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Champions U.S. Technology Index ETF (QMVP.TO) and Hamilton Canadian Bank Mean Reversion Index ETF (HCA.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

	QMVP.TO	HCA.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.65	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.60	1.99	-3.59

Correlation

The correlation between QMVP.TO and HCA.TO is 0.51, 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

QMVP.TO vs. HCA.TO - Dividend Comparison

QMVP.TO's dividend yield for the trailing twelve months is around 0.07%, less than HCA.TO's 3.46% yield.

	TTM	2025	2024	2023	2022	2021	2020
QMVP.TO Hamilton Champions U.S. Technology Index ETF	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HCA.TO Hamilton Canadian Bank Mean Reversion Index ETF	3.46%	5.59%	15.89%	20.26%	16.23%	11.79%	3.54%

Drawdowns

QMVP.TO vs. HCA.TO - Drawdown Comparison

The maximum QMVP.TO drawdown since its inception was -12.77%, smaller than the maximum HCA.TO drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for QMVP.TO and HCA.TO.

Drawdown Indicators

	QMVP.TO	HCA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-12.77%	-17.82%	+5.05%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.82%	—
Current Drawdown Current decline from peak	-9.50%	-7.83%	-1.67%
Average Drawdown Average peak-to-trough decline	-6.27%	-3.43%	-2.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.05%	—

Volatility

Volatility by Period

	QMVP.TO	HCA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.51%	13.45%	+9.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.51%	14.86%	+7.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.51%	15.04%	+7.47%