TUEX.TO vs. CWIN.TO
TUEX.TO (TD Active U.S. Enhanced Dividend CAD Hedged ETF) and CWIN.TO (HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units) are both Dividend funds. TUEX.TO is actively managed, while CWIN.TO is passively managed. Over the past year, TUEX.TO returned 25.69% vs 32.57% for CWIN.TO. At a 0.24 correlation, their price movements are largely independent. TUEX.TO charges 0.73%/yr vs 0.65%/yr for CWIN.TO.
Performance
TUEX.TO vs. CWIN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TUEX.TO achieves a 12.01% return, which is significantly lower than CWIN.TO's 15.75% return.
TUEX.TO
- 1D
- 1.19%
- 1M
- 3.75%
- YTD
- 12.01%
- 6M
- 11.81%
- 1Y
- 25.69%
- 3Y*
- 23.47%
- 5Y*
- —
- 10Y*
- —
CWIN.TO
- 1D
- 0.99%
- 1M
- 4.14%
- YTD
- 15.75%
- 6M
- 18.53%
- 1Y
- 32.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TUEX.TO vs. CWIN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TUEX.TO TD Active U.S. Enhanced Dividend CAD Hedged ETF | 12.01% | 10.12% |
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units | 15.75% | 25.14% |
Correlation
The correlation between TUEX.TO and CWIN.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2025 | 0.24 |
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Return for Risk
TUEX.TO vs. CWIN.TO — Risk / Return Rank
TUEX.TO
CWIN.TO
TUEX.TO vs. CWIN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Active U.S. Enhanced Dividend CAD Hedged ETF (TUEX.TO) and HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.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.
| TUEX.TO | CWIN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.51 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 4.57 | -2.06 |
| Martin ratioReturn relative to average drawdown | 8.70 | 16.73 | -8.03 |
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
| TUEX.TO | CWIN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 2.69 | -1.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.22 | 2.30 | -1.07 |
Drawdowns
TUEX.TO vs. CWIN.TO - Drawdown Comparison
The maximum TUEX.TO drawdown since its inception was -21.95%, which is greater than CWIN.TO's maximum drawdown of -10.87%. Use the drawdown chart below to compare losses from any high point for TUEX.TO and CWIN.TO.
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Drawdown Indicators
| TUEX.TO | CWIN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.95% | -10.87% | -11.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.26% | -7.15% | -3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -21.95% | — | — |
Current DrawdownCurrent decline from peak | -1.75% | -0.38% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -2.72% | -1.43% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 1.96% | +1.00% |
Volatility
TUEX.TO vs. CWIN.TO - Volatility Comparison
TD Active U.S. Enhanced Dividend CAD Hedged ETF (TUEX.TO) has a higher volatility of 5.10% compared to HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) at 3.52%. This indicates that TUEX.TO's price experiences larger fluctuations and is considered to be riskier than CWIN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUEX.TO | CWIN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 3.52% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 13.43% | 9.69% | +3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.82% | 12.16% | +4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.90% | 13.89% | +6.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.90% | 13.89% | +6.01% |
TUEX.TO vs. CWIN.TO - Expense Ratio Comparison
TUEX.TO has a 0.73% expense ratio, which is higher than CWIN.TO's 0.65% expense ratio.
Dividends
TUEX.TO vs. CWIN.TO - Dividend Comparison
TUEX.TO's dividend yield for the trailing twelve months is around 2.60%, less than CWIN.TO's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units | 3.19% | 3.21% | 0.00% | 0.00% |
TUEX.TO TD Active U.S. Enhanced Dividend CAD Hedged ETF | 2.60% | 2.79% | 2.36% | 11.90% |
Frequently Asked Questions
TUEX.TO and CWIN.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CWIN.TO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CWIN.TO is cheaper with a 0.65% expense ratio, compared with 0.73% for TUEX.TO.
They also come from different issuers: TD Asset Management and Hamilton. Their fees differ too: 0.73% for TUEX.TO and 0.65% for CWIN.TO.
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