YAMZ.NEO vs. HBIL.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Amazon (AMZN) Yield Shares Purpose ETF (YAMZ.NEO) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.TO).

YAMZ.NEO and HBIL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YAMZ.NEO is an actively managed fund by Purpose Investments. It was launched on Dec 19, 2022. HBIL.TO is an actively managed fund by Hamilton Capital. It was launched on Sep 12, 2024.

Performance

YAMZ.NEO vs. HBIL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Amazon (AMZN) Yield Shares Purpose ETF (YAMZ.NEO) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.TO). The values are adjusted to include any dividend payments, if applicable.

YAMZ.NEO vs. HBIL.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YAMZ.NEO Amazon (AMZN) Yield Shares Purpose ETF	-10.15%	9.09%	19.47%
HBIL.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged)	0.12%	3.05%	-1.40%

Returns By Period

In the year-to-date period, YAMZ.NEO achieves a -10.15% return, which is significantly lower than HBIL.TO's 0.12% return.

YAMZ.NEO

• 1D: 5.33%
• 1M: 1.54%
• YTD: -10.15%
• 6M: -2.65%
• 1Y: 13.81%
• 3Y*: 31.51%
• 5Y*: —
• 10Y*: —

HBIL.TO

• 1D: -0.21%
• 1M: -0.64%
• YTD: 0.12%
• 6M: 0.42%
• 1Y: 1.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YAMZ.NEO vs. HBIL.TO - Expense Ratio Comparison

YAMZ.NEO has a 1.72% expense ratio, which is higher than HBIL.TO's 0.35% expense ratio.

YAMZ.NEO

Amazon (AMZN) Yield Shares Purpose ETF

HBIL.TO

Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged)

Return for Risk

YAMZ.NEO vs. HBIL.TO — Risk / Return Rank

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

YAMZ.NEO

YAMZ.NEO Risk / Return Rank: 23
YAMZ.NEO Sharpe Ratio Rank: 21
YAMZ.NEO Sortino Ratio Rank: 24
YAMZ.NEO Omega Ratio Rank: 23
YAMZ.NEO Calmar Ratio Rank: 25
YAMZ.NEO Martin Ratio Rank: 21

HBIL.TO

HBIL.TO Risk / Return Rank: 42
HBIL.TO Sharpe Ratio Rank: 45
HBIL.TO Sortino Ratio Rank: 42
HBIL.TO Omega Ratio Rank: 38
HBIL.TO Calmar Ratio Rank: 48
HBIL.TO Martin Ratio Rank: 38

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.

YAMZ.NEO vs. HBIL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amazon (AMZN) Yield Shares Purpose ETF (YAMZ.NEO) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.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.

	YAMZ.NEO	HBIL.TO	Difference
Sharpe ratio Return per unit of total volatility	0.37	0.88	-0.51
Sortino ratio Return per unit of downside risk	0.77	1.24	-0.46
Omega ratio Gain probability vs. loss probability	1.10	1.16	-0.06
Calmar ratio Return relative to maximum drawdown	0.69	1.34	-0.65
Martin ratio Return relative to average drawdown	1.69	3.89	-2.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YAMZ.NEO vs. HBIL.TO - Sharpe Ratio Comparison

The current YAMZ.NEO Sharpe Ratio is 0.37, which is lower than the HBIL.TO Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of YAMZ.NEO and HBIL.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	YAMZ.NEO	HBIL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	0.88	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	0.55	+0.54

Correlation

The correlation between YAMZ.NEO and HBIL.TO is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

YAMZ.NEO vs. HBIL.TO - Dividend Comparison

YAMZ.NEO's dividend yield for the trailing twelve months is around 16.63%, more than HBIL.TO's 7.06% yield.

	TTM	2025	2024	2023	2022
YAMZ.NEO Amazon (AMZN) Yield Shares Purpose ETF	16.63%	14.12%	8.07%	7.89%	1.02%
HBIL.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged)	7.06%	7.49%	2.58%	0.00%	0.00%

Drawdowns

YAMZ.NEO vs. HBIL.TO - Drawdown Comparison

The maximum YAMZ.NEO drawdown since its inception was -34.37%, which is greater than HBIL.TO's maximum drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for YAMZ.NEO and HBIL.TO.

Drawdown Indicators

	YAMZ.NEO	HBIL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-34.37%	-1.69%	-32.68%
Max Drawdown (1Y) Largest decline over 1 year	-21.79%	-1.30%	-20.49%
Current Drawdown Current decline from peak	-16.05%	-0.78%	-15.27%
Average Drawdown Average peak-to-trough decline	-7.38%	-0.48%	-6.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.92%	0.45%	+8.47%

Volatility

YAMZ.NEO vs. HBIL.TO - Volatility Comparison

Amazon (AMZN) Yield Shares Purpose ETF (YAMZ.NEO) has a higher volatility of 11.57% compared to Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.TO) at 0.72%. This indicates that YAMZ.NEO's price experiences larger fluctuations and is considered to be riskier than HBIL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YAMZ.NEO	HBIL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.57%	0.72%	+10.85%
Volatility (6M) Calculated over the trailing 6-month period	24.93%	1.13%	+23.80%
Volatility (1Y) Calculated over the trailing 1-year period	37.22%	1.85%	+35.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.46%	2.05%	+32.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.46%	2.05%	+32.41%