YAMZ.NEO vs. HDIV.TO

Last updated Jun 5, 2026

YAMZ.NEO (Amazon (AMZN) Yield Shares Purpose ETF) and HDIV.TO (Hamilton Enhanced Canadian Covered Call ETF) are both Derivative Income funds. Both are actively managed. Over the past 3 years, YAMZ.NEO returned 29.37%/yr vs 28.06%/yr for HDIV.TO. At a 0.38 correlation, their price movements are largely independent. YAMZ.NEO charges 1.72%/yr vs 0.00%/yr for HDIV.TO.

Performance

YAMZ.NEO vs. HDIV.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 Enhanced Canadian Covered Call ETF (HDIV.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YAMZ.NEO achieves a 5.68% return, which is significantly lower than HDIV.TO's 17.22% return.

YAMZ.NEO

• 1D: 2.01%
• 1M: -7.96%
• YTD: 5.68%
• 6M: 10.29%
• 1Y: 22.62%
• 3Y*: 29.37%
• 5Y*: —
• 10Y*: —

HDIV.TO

• 1D: 0.86%
• 1M: 6.14%
• YTD: 17.22%
• 6M: 17.73%
• 1Y: 47.51%
• 3Y*: 28.06%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
YAMZ.NEO Amazon (AMZN) Yield Shares Purpose ETF	5.68%	9.09%	48.13%	96.20%	-1.05%
HDIV.TO Hamilton Enhanced Canadian Covered Call ETF	17.22%	33.87%	23.15%	13.91%	2.20%

Correlation

The correlation between YAMZ.NEO and HDIV.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (All Time) Calculated using the full available price history since Dec 20, 2022	0.38

The correlation between YAMZ.NEO and HDIV.TO shifts across timeframes, from 0.26 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

YAMZ.NEO vs. HDIV.TO - Sectors Allocation Comparison

Sectors	YAMZ.NEO	HDIV.TO
Consumer Cyclical	100.0%	2.5%
Basic Materials	-	13.4%
Communication Services	-	6.3%
Consumer Defensive	-	0.3%
Energy	-	18.4%
Financial Services	-	39.8%
Healthcare	-	0.2%
Industrials	-	3.0%
Real Estate	-	2.1%
Technology	-	9.5%
Utilities	-	4.7%

Return for Risk

YAMZ.NEO vs. HDIV.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: 22
YAMZ.NEO Sharpe Ratio Rank: 21
YAMZ.NEO Sortino Ratio Rank: 22
YAMZ.NEO Omega Ratio Rank: 23
YAMZ.NEO Calmar Ratio Rank: 23
YAMZ.NEO Martin Ratio Rank: 22

HDIV.TO

HDIV.TO Risk / Return Rank: 93
HDIV.TO Sharpe Ratio Rank: 95
HDIV.TO Sortino Ratio Rank: 94
HDIV.TO Omega Ratio Rank: 95
HDIV.TO Calmar Ratio Rank: 90
HDIV.TO Martin Ratio Rank: 94

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. HDIV.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 Enhanced Canadian Covered Call ETF (HDIV.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	HDIV.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.70	3.83	-3.13
Sortino ratio: Return per unit of downside risk	1.14	4.88	-3.74
Omega ratio: Gain probability vs. loss probability	1.15	1.71	-0.56
Calmar ratio: Return relative to maximum drawdown	1.04	5.47	-4.42
Martin ratio: Return relative to average drawdown	2.59	26.51	-23.92
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. HDIV.TO - Sharpe Ratio Comparison

The current YAMZ.NEO Sharpe Ratio is 0.70, which is lower than the HDIV.TO Sharpe Ratio of 3.83. The chart below compares the historical Sharpe Ratios of YAMZ.NEO and HDIV.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

	YAMZ.NEO	HDIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	3.83	-3.13
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	1.27	-0.06

Drawdowns

YAMZ.NEO vs. HDIV.TO - Drawdown Comparison

The maximum YAMZ.NEO drawdown since its inception was -34.37%, which is greater than HDIV.TO's maximum drawdown of -22.32%. Use the drawdown chart below to compare losses from any high point for YAMZ.NEO and HDIV.TO.

Drawdown Indicators

	YAMZ.NEO	HDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-34.37%	-22.32%	-12.05%
Max Drawdown (1Y) Largest decline over 1 year	-21.79%	-8.73%	-13.06%
Max Drawdown (3Y) Largest decline over 3 years	-34.37%	-14.58%	-19.79%
Current Drawdown Current decline from peak	-8.54%	0.00%	-8.54%
Average Drawdown Average peak-to-trough decline	-7.20%	-4.22%	-2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.75%	1.80%	+6.95%

Volatility

YAMZ.NEO vs. HDIV.TO - Volatility Comparison

Amazon (AMZN) Yield Shares Purpose ETF (YAMZ.NEO) has a higher volatility of 9.66% compared to Hamilton Enhanced Canadian Covered Call ETF (HDIV.TO) at 3.80%. This indicates that YAMZ.NEO's price experiences larger fluctuations and is considered to be riskier than HDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YAMZ.NEO	HDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.66%	3.80%	+5.86%
Volatility (6M) Calculated over the trailing 6-month period	22.71%	10.31%	+12.40%
Volatility (1Y) Calculated over the trailing 1-year period	32.46%	12.49%	+19.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.24%	15.63%	+18.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.24%	15.63%	+18.61%

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

YAMZ.NEO has a 1.72% expense ratio, which is higher than HDIV.TO's 0.00% expense ratio.

Dividends

YAMZ.NEO vs. HDIV.TO - Dividend Comparison

YAMZ.NEO's dividend yield for the trailing twelve months is around 14.64%, more than HDIV.TO's 9.25% yield.

Position	TTM	2025	2024	2023	2022	2021
HDIV.TO Hamilton Enhanced Canadian Covered Call ETF	9.25%	10.09%	11.38%	10.41%	9.64%	3.39%
YAMZ.NEO Amazon (AMZN) Yield Shares Purpose ETF	14.64%	14.12%	8.07%	7.89%	1.02%	0.00%

Frequently Asked Questions

Can I hold both YAMZ.NEO and HDIV.TO in my portfolio?

YAMZ.NEO and HDIV.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YAMZ.NEO or HDIV.TO?

On fees, HDIV.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YAMZ.NEO or HDIV.TO?

HDIV.TO is cheaper with a 0.00% expense ratio, compared with 1.72% for YAMZ.NEO.

What is the main difference between YAMZ.NEO and HDIV.TO?

They also come from different issuers: Purpose Investments and Hamilton ETFs. Their fees differ too: 1.72% for YAMZ.NEO and 0.00% for HDIV.TO.