XQLT.TO vs. HYLD.TO
Compare and contrast key facts about iShares MSCI USA Quality Factor Index ETF (XQLT.TO) and Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO).
XQLT.TO and HYLD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XQLT.TO is a passively managed fund by iShares that tracks the performance of the MSCI USA Sector Neutral Quality Index. It was launched on Sep 4, 2019. HYLD.TO is an actively managed fund by Hamilton Capital. It was launched on Feb 4, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XQLT.TO or HYLD.TO.
Correlation
The correlation between XQLT.TO and HYLD.TO is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XQLT.TO vs. HYLD.TO - Performance Comparison
Key characteristics
XQLT.TO:
2.14
HYLD.TO:
1.67
XQLT.TO:
3.15
HYLD.TO:
2.26
XQLT.TO:
1.39
HYLD.TO:
1.30
XQLT.TO:
3.78
HYLD.TO:
2.46
XQLT.TO:
15.03
HYLD.TO:
10.47
XQLT.TO:
1.72%
HYLD.TO:
2.46%
XQLT.TO:
12.04%
HYLD.TO:
15.41%
XQLT.TO:
-25.12%
HYLD.TO:
-31.38%
XQLT.TO:
-1.92%
HYLD.TO:
-0.60%
Returns By Period
In the year-to-date period, XQLT.TO achieves a 2.58% return, which is significantly lower than HYLD.TO's 4.46% return.
XQLT.TO
2.58%
0.68%
10.53%
25.72%
14.88%
N/A
HYLD.TO
4.46%
0.51%
10.37%
25.80%
N/A
N/A
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XQLT.TO vs. HYLD.TO - Expense Ratio Comparison
XQLT.TO has a 0.32% expense ratio, which is lower than HYLD.TO's 2.37% expense ratio.
Risk-Adjusted Performance
XQLT.TO vs. HYLD.TO — Risk-Adjusted Performance Rank
XQLT.TO
HYLD.TO
XQLT.TO vs. HYLD.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality Factor Index ETF (XQLT.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.
Dividends
XQLT.TO vs. HYLD.TO - Dividend Comparison
XQLT.TO's dividend yield for the trailing twelve months is around 0.70%, less than HYLD.TO's 11.88% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
XQLT.TO iShares MSCI USA Quality Factor Index ETF | 0.70% | 0.72% | 0.94% | 1.21% | 0.87% | 1.11% | 1.23% |
HYLD.TO Hamilton Enhanced U.S. Covered Call ETF | 11.88% | 12.13% | 12.11% | 13.02% | 0.00% | 0.00% | 0.00% |
Drawdowns
XQLT.TO vs. HYLD.TO - Drawdown Comparison
The maximum XQLT.TO drawdown since its inception was -25.12%, smaller than the maximum HYLD.TO drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for XQLT.TO and HYLD.TO. For additional features, visit the drawdowns tool.
Volatility
XQLT.TO vs. HYLD.TO - Volatility Comparison
The current volatility for iShares MSCI USA Quality Factor Index ETF (XQLT.TO) is 3.00%, while Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) has a volatility of 3.59%. This indicates that XQLT.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.