XID.TO vs. HYLD.TO

Last updated Jun 4, 2026

XID.TO (iShares India Index ETF) and HYLD.TO (Hamilton Enhanced U.S. Covered Call ETF) are both exchange-traded funds - XID.TO is a Asia Pacific Equities fund tracking the Morningstar Gbl GR CAD, while HYLD.TO is a Derivative Income fund actively managed by Hamilton Capital. XID.TO is passively managed, while HYLD.TO is actively managed. Over the past 3 years, XID.TO returned 2.43%/yr vs 23.83%/yr for HYLD.TO. At a 0.29 correlation, their price movements are largely independent. XID.TO charges 1.08%/yr vs 2.37%/yr for HYLD.TO.

Performance

XID.TO vs. HYLD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares India Index ETF (XID.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, XID.TO achieves a -14.17% return, which is significantly lower than HYLD.TO's 15.73% return.

XID.TO

• 1D: -0.95%
• 1M: -1.28%
• YTD: -14.17%
• 6M: -14.49%
• 1Y: -13.67%
• 3Y*: 2.43%
• 5Y*: 3.77%
• 10Y*: 6.69%

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)

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

	2026 (YTD)	2025	2024	2023	2022
XID.TO iShares India Index ETF	-14.17%	-0.28%	12.36%	14.07%	-0.22%
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF	15.73%	22.14%	25.39%	19.01%	-18.85%

Correlation

The correlation between XID.TO and HYLD.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Feb 9, 2022	0.29

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

Sectors	XID.TO	HYLD.TO
Financial Services	35.4%	12.4%
Energy	11.3%	4.9%
Consumer Cyclical	10.8%	8.1%
Technology	8.5%	33.9%
Industrials	7.7%	5.0%
Basic Materials	7.3%	5.0%
Consumer Defensive	6.2%	3.4%
Communication Services	5.2%	11.3%
Healthcare	4.5%	9.8%
Utilities	3.0%	2.4%
Real Estate	-	3.8%

Return for Risk

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

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

XID.TO

XID.TO Risk / Return Rank: 2
XID.TO Sharpe Ratio Rank: 2
XID.TO Sortino Ratio Rank: 2
XID.TO Omega Ratio Rank: 2
XID.TO Calmar Ratio Rank: 3
XID.TO Martin Ratio Rank: 1

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares India Index ETF (XID.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.

	XID.TO	HYLD.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.93	2.61	-3.53
Sortino ratio: Return per unit of downside risk	-1.34	3.52	-4.86
Omega ratio: Gain probability vs. loss probability	0.85	1.47	-0.61
Calmar ratio: Return relative to maximum drawdown	-0.73	3.31	-4.04
Martin ratio: Return relative to average drawdown	-1.60	14.63	-16.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XID.TO Sharpe Ratio is -0.93, which is lower than the HYLD.TO Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of XID.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

	XID.TO	HYLD.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.93	2.61	-3.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.69	-0.37

Drawdowns

XID.TO vs. HYLD.TO - Drawdown Comparison

The maximum XID.TO drawdown since its inception was -42.26%, 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 XID.TO and HYLD.TO.

Drawdown Indicators

	XID.TO	HYLD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-42.26%	-31.38%	-10.88%
Max Drawdown (1Y) Largest decline over 1 year	-18.75%	-12.04%	-6.71%
Max Drawdown (3Y) Largest decline over 3 years	-20.11%	-21.83%	+1.72%
Max Drawdown (5Y) Largest decline over 5 years	-20.11%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.46%	—	—
Current Drawdown Current decline from peak	-18.69%	0.00%	-18.69%
Average Drawdown Average peak-to-trough decline	-10.43%	-8.91%	-1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.57%	2.72%	+5.85%

Volatility

XID.TO vs. HYLD.TO - Volatility Comparison

iShares India Index ETF (XID.TO) has a higher volatility of 4.96% compared to Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) at 4.58%. This indicates that XID.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

	XID.TO	HYLD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	4.58%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	12.55%	12.17%	+0.38%
Volatility (1Y) Calculated over the trailing 1-year period	14.84%	15.31%	-0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.32%	19.22%	-4.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.22%	19.22%	-1.00%

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

XID.TO has a 1.08% expense ratio, which is lower than HYLD.TO's 2.37% expense ratio.

Dividends

XID.TO vs. HYLD.TO - Dividend Comparison

XID.TO's dividend yield for the trailing twelve months is around 16.69%, more than HYLD.TO's 11.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%	0.00%
XID.TO iShares India Index ETF	16.69%	14.32%	0.17%	0.42%	3.45%	6.82%	0.03%	0.43%	0.39%	0.16%	0.36%	0.36%

Frequently Asked Questions

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

XID.TO and HYLD.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XID.TO or HYLD.TO?

On fees, XID.TO is cheaper at 1.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XID.TO or HYLD.TO?

XID.TO is cheaper with a 1.08% expense ratio, compared with 2.37% for HYLD.TO.

What is the main difference between XID.TO and HYLD.TO?

XID.TO is categorized as Asia Pacific Equities, while HYLD.TO is Derivative Income. They also come from different issuers: iShares and Hamilton Capital. Their fees differ too: 1.08% for XID.TO and 2.37% for HYLD.TO.