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XEQT.TO vs. HYLD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEQT.TO vs. HYLD.TO

Last updated Jun 14, 2026

XEQT.TO (iShares Core Equity ETF Portfolio) and HYLD.TO (Hamilton Enhanced U.S. Covered Call ETF) are both exchange-traded funds - XEQT.TO is a Global Equities fund actively managed by iShares, while HYLD.TO is a Derivative Income fund actively managed by Hamilton Capital. Both are actively managed. Over the past 3 years, XEQT.TO returned 21.81%/yr vs 22.69%/yr for HYLD.TO. Their correlation of 0.86 suggests significant overlap in exposure. XEQT.TO charges 0.20%/yr vs 2.37%/yr for HYLD.TO.

Performance

XEQT.TO vs. HYLD.TO - Performance Comparison

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

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Returns By Period

In the year-to-date period, XEQT.TO achieves a 12.26% return, which is significantly lower than HYLD.TO's 13.12% return.

XEQT.TO

1D
0.63%
1M
3.45%
YTD
12.26%
6M
12.73%
1Y
30.96%
3Y*
21.81%
5Y*
13.69%
10Y*
—

HYLD.TO

1D
0.51%
1M
2.16%
YTD
13.12%
6M
13.21%
1Y
35.16%
3Y*
22.69%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022
XEQT.TO
iShares Core Equity ETF Portfolio		12.26%20.57%24.38%17.27%-7.34%
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETF		13.12%22.14%25.39%19.01%-18.00%

Correlation

The correlation between XEQT.TO and HYLD.TO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.84

Correlation (3Y)
Calculated over the trailing 3-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Feb 8, 2022

0.86

The correlation between XEQT.TO and HYLD.TO has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.

XEQT.TO vs. HYLD.TO - Sectors Allocation Comparison

Sectors
XEQT.TO
HYLD.TO

Financial Services

24.1%
11.8%

Technology

20.6%
37.2%

Energy

11.7%
4.1%

Basic Materials

11.2%
4.5%

Industrials

9.8%
5.0%

Consumer Cyclical

6.1%
8.1%

Communication Services

5.0%
11.1%

Healthcare

3.6%
9.1%

Consumer Defensive

3.4%
3.2%

Utilities

2.7%
2.3%

Real Estate

1.8%
3.6%

Financial Services

XEQT.TO
24.1%
HYLD.TO
11.8%

Technology

XEQT.TO
20.6%
HYLD.TO
37.2%

Energy

XEQT.TO
11.7%
HYLD.TO
4.1%

Basic Materials

XEQT.TO
11.2%
HYLD.TO
4.5%

Industrials

XEQT.TO
9.8%
HYLD.TO
5.0%

Consumer Cyclical

XEQT.TO
6.1%
HYLD.TO
8.1%

Communication Services

XEQT.TO
5.0%
HYLD.TO
11.1%

Healthcare

XEQT.TO
3.6%
HYLD.TO
9.1%

Consumer Defensive

XEQT.TO
3.4%
HYLD.TO
3.2%

Utilities

XEQT.TO
2.7%
HYLD.TO
2.3%

Real Estate

XEQT.TO
1.8%
HYLD.TO
3.6%

Compare stocks, funds, or ETFs

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iShares Core Equity ETF Portfolio

Hamilton Enhanced U.S. Covered Call ETF

Often compared with XEQT.TO:
XEQT.TO vs. VFV.TOXEQT.TO vs. VEQT.TOXEQT.TO vs. XGRO.TOXEQT.TO vs. ZEQT.TOXEQT.TO vs. VGRO.TOXEQT.TO vs. XEI.TOXEQT.TO vs. VOO
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. BANK.TOHYLD.TO vs. HDIF.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEQT.TO
XEQT.TO Risk / Return Rank: 8484
Overall Rank
XEQT.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 8585
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 8585
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 8585
Martin Ratio Rank
HYLD.TO
HYLD.TO Risk / Return Rank: 7373
Overall Rank
HYLD.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
HYLD.TO Sortino Ratio Rank: 7474
Sortino Ratio Rank
HYLD.TO Omega Ratio Rank: 7575
Omega Ratio Rank
HYLD.TO Calmar Ratio Rank: 6565
Calmar Ratio Rank
HYLD.TO Martin Ratio Rank: 7575
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Core Equity ETF Portfolio (XEQT.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XEQT.TOHYLD.TODifference
Sharpe ratioReturn per unit of total volatility
2.43
2.11

+0.32

Sortino ratioReturn per unit of downside risk
3.31
2.84

+0.47

Omega ratioGain probability vs. loss probability

1.45

1.38

+0.07

Calmar ratioReturn relative to maximum drawdown

3.59

2.82

+0.76

Martin ratioReturn relative to average drawdown

15.41

12.20

+3.21

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

The current XEQT.TO Sharpe Ratio is 2.43, which is comparable to the HYLD.TO Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of XEQT.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.

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Drawdowns

XEQT.TO vs. HYLD.TO - Drawdown Comparison

The maximum XEQT.TO drawdown since its inception was -29.74%, smaller than the maximum HYLD.TO drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for XEQT.TO and HYLD.TO.

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Drawdown Indicators

XEQT.TOHYLD.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.74%

-31.38%

+1.64%

Max Drawdown (1Y)

Largest decline over 1 year

-8.25%

-12.01%

+3.76%

Max Drawdown (3Y)

Largest decline over 3 years

-15.08%

-21.83%

+6.75%

Max Drawdown (5Y)

Largest decline over 5 years

-19.55%

—

—

Current Drawdown

Current decline from peak

-0.84%

-2.28%

+1.44%

Average Drawdown

Average peak-to-trough decline

-4.09%

-8.86%

+4.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.92%

2.77%

-0.85%

Volatility

XEQT.TO vs. HYLD.TO - Volatility Comparison

The current volatility for iShares Core Equity ETF Portfolio (XEQT.TO) is 5.02%, while Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) has a volatility of 6.46%. This indicates that XEQT.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.

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Volatility by Period

XEQT.TOHYLD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.02%

6.46%

-1.44%

Volatility (6M)

Calculated over the trailing 6-month period

10.06%

13.24%

-3.18%

Volatility (1Y)

Calculated over the trailing 1-year period

12.17%

16.10%

-3.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.21%

19.32%

-6.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.58%

19.32%

-3.74%

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

XEQT.TO has a 0.20% expense ratio, which is lower than HYLD.TO's 2.37% expense ratio.

Dividends

XEQT.TO vs. HYLD.TO - Dividend Comparison

XEQT.TO's dividend yield for the trailing twelve months is around 1.48%, less than HYLD.TO's 11.49% yield.

PositionTTM2025202420232022202120202019
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETF		11.49%11.98%12.13%12.11%13.02%0.00%0.00%0.00%
XEQT.TO
iShares Core Equity ETF Portfolio		1.48%1.66%2.03%2.09%2.14%1.66%1.69%1.21%

Frequently Asked Questions

XEQT.TO and HYLD.TO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XEQT.TO is cheaper with a 0.20% expense ratio, compared with 2.37% for HYLD.TO.

XEQT.TO is categorized as Global Equities, while HYLD.TO is Derivative Income. They also come from different issuers: iShares and Hamilton Capital. Their fees differ too: 0.20% for XEQT.TO and 2.37% for HYLD.TO.

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