UMVP.TO vs. HYLD-U.TO

Last updated Jun 4, 2026

UMVP.TO (Hamilton Champions Utilities Index ETF) and HYLD-U.TO (Hamilton Enhanced U.S. Covered Call ETF (USD)) are both exchange-traded funds - UMVP.TO is a Utilities Equities fund tracking the Solactive Canadian Utility Services High Dividend Index, while HYLD-U.TO is a Derivative Income fund actively managed by Hamilton. UMVP.TO is passively managed, while HYLD-U.TO is actively managed. At a correlation of -0.02, they often move in opposite directions.

Performance

UMVP.TO vs. HYLD-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Champions Utilities Index ETF (UMVP.TO) and Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

UMVP.TO is traded in CAD, while HYLD-U.TO is traded in USD. To make them comparable, the HYLD-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

UMVP.TO

• 1D: -0.17%
• 1M: 4.40%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYLD-U.TO

• 1D: 0.24%
• 1M: 11.64%
• YTD: 16.59%
• 6M: 14.32%
• 1Y: 39.69%
• 3Y*: 23.04%
• 5Y*: —
• 10Y*: —

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

UMVP.TO vs. HYLD-U.TO - Yearly Performance Comparison

	2026 (YTD)
UMVP.TO Hamilton Champions Utilities Index ETF	14.69%
HYLD-U.TO Hamilton Enhanced U.S. Covered Call ETF (USD)	15.43%

Correlation

The correlation between UMVP.TO and HYLD-U.TO is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	-0.02

Return for Risk

UMVP.TO vs. HYLD-U.TO — Risk / Return Rank

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

HYLD-U.TO

HYLD-U.TO Risk / Return Rank: 73
HYLD-U.TO Sharpe Ratio Rank: 78
HYLD-U.TO Sortino Ratio Rank: 77
HYLD-U.TO Omega Ratio Rank: 75
HYLD-U.TO Calmar Ratio Rank: 62
HYLD-U.TO Martin Ratio Rank: 70

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.

UMVP.TO vs. HYLD-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Champions Utilities Index ETF (UMVP.TO) and Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.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

	UMVP.TO	HYLD-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.03	0.79	+4.24

Drawdowns

UMVP.TO vs. HYLD-U.TO - Drawdown Comparison

The maximum UMVP.TO drawdown since its inception was -4.57%, smaller than the maximum HYLD-U.TO drawdown of -24.30%. Use the drawdown chart below to compare losses from any high point for UMVP.TO and HYLD-U.TO.

Drawdown Indicators

	UMVP.TO	HYLD-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-4.57%	-24.30%	+19.73%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.17%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.36%	—
Current Drawdown Current decline from peak	-0.96%	0.00%	-0.96%
Average Drawdown Average peak-to-trough decline	-0.81%	-7.49%	+6.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.38%	—

Volatility

Volatility by Period

	UMVP.TO	HYLD-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.11%	14.62%	-5.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.11%	17.91%	-8.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.11%	17.91%	-8.80%

Dividends

UMVP.TO vs. HYLD-U.TO - Dividend Comparison

UMVP.TO's dividend yield for the trailing twelve months is around 1.44%, less than HYLD-U.TO's 7.57% yield.

Position	TTM	2025	2024	2023	2022
HYLD-U.TO Hamilton Enhanced U.S. Covered Call ETF (USD)	7.57%	8.06%	8.49%	8.82%	9.99%
UMVP.TO Hamilton Champions Utilities Index ETF	1.44%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UMVP.TO and HYLD-U.TO in my portfolio?

UMVP.TO and HYLD-U.TO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between UMVP.TO and HYLD-U.TO?

UMVP.TO is categorized as Utilities Equities, while HYLD-U.TO is Derivative Income.