YAVG.NEO vs. HBIL-U.TO

Last updated Jul 18, 2026

YAVG.NEO (Broadcom (AVGO) Yield Shares Purpose ETF) and HBIL-U.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units) are both exchange-traded funds - YAVG.NEO is a Derivative Income fund actively managed by Purpose Investments, while HBIL-U.TO is a Government Bonds fund actively managed by Hamilton. Both are actively managed. Over the past year, YAVG.NEO returned 60.30% vs 6.60% for HBIL-U.TO. At a 0.03 correlation, their price movements are largely independent.

Performance

YAVG.NEO vs. HBIL-U.TO - Performance Comparison

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

Different Trading Currencies

YAVG.NEO is traded in CAD, while HBIL-U.TO is traded in USD. To make them comparable, the HBIL-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, YAVG.NEO achieves a 26.00% return, which is significantly higher than HBIL-U.TO's 3.86% return.

YAVG.NEO

• 1D: -0.71%
• 1M: -0.76%
• 6M: 22.86%
• YTD: 26.00%
• 1Y: 60.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HBIL-U.TO

• 1D: -0.00%
• 1M: 0.12%
• 6M: 2.21%
• YTD: 3.86%
• 1Y: 6.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YAVG.NEO vs. HBIL-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF	26.00%	56.73%
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units	3.86%	0.38%

Correlation

The correlation between YAVG.NEO and HBIL-U.TO is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.03

Return for Risk

YAVG.NEO vs. HBIL-U.TO — Risk / Return Rank

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

YAVG.NEO

YAVG.NEO Risk / Return Rank: 49
YAVG.NEO Sharpe Ratio Rank: 39
YAVG.NEO Sortino Ratio Rank: 47
YAVG.NEO Omega Ratio Rank: 53
YAVG.NEO Calmar Ratio Rank: 62
YAVG.NEO Martin Ratio Rank: 45

HBIL-U.TO

HBIL-U.TO Risk / Return Rank: 89
HBIL-U.TO Sharpe Ratio Rank: 87
HBIL-U.TO Sortino Ratio Rank: 86
HBIL-U.TO Omega Ratio Rank: 93
HBIL-U.TO Calmar Ratio Rank: 88
HBIL-U.TO Martin Ratio Rank: 89

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.

YAVG.NEO vs. HBIL-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.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.

	YAVG.NEO	HBIL-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.10	1.42	-0.32
Sortino ratio: Return per unit of downside risk	1.85	2.03	-0.18
Omega ratio: Gain probability vs. loss probability	1.26	1.25	0.00
Calmar ratio: Return relative to maximum drawdown	2.35	1.65	+0.70
Martin ratio: Return relative to average drawdown	5.60	4.19	+1.41

YAVG.NEO vs. HBIL-U.TO - Sharpe Ratio Comparison

The current YAVG.NEO Sharpe Ratio is 1.10, which is comparable to the HBIL-U.TO Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of YAVG.NEO and HBIL-U.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.

Drawdowns

YAVG.NEO vs. HBIL-U.TO - Drawdown Comparison

The maximum YAVG.NEO drawdown since its inception was -40.03%, which is greater than HBIL-U.TO's maximum drawdown of -6.68%. Use the drawdown chart below to compare losses from any high point for YAVG.NEO and HBIL-U.TO.

Drawdown Indicators

	YAVG.NEO	HBIL-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-40.03%	-6.68%	-33.35%
Max Drawdown (1Y) Largest decline over 1 year	-25.90%	-4.01%	-21.89%
Current Drawdown Current decline from peak	-21.62%	-2.20%	-19.42%
Average Drawdown Average peak-to-trough decline	-9.20%	-2.26%	-6.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.84%	1.58%	+9.26%

Volatility

YAVG.NEO vs. HBIL-U.TO - Volatility Comparison

Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) has a higher volatility of 16.15% compared to Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO) at 1.82%. This indicates that YAVG.NEO's price experiences larger fluctuations and is considered to be riskier than HBIL-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YAVG.NEO	HBIL-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.15%	1.82%	+14.33%
Volatility (6M) Calculated over the trailing 6-month period	43.66%	3.60%	+40.06%
Volatility (1Y) Calculated over the trailing 1-year period	55.35%	4.68%	+50.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.63%	5.85%	+49.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.63%	5.85%	+49.78%

Dividends

YAVG.NEO vs. HBIL-U.TO - Dividend Comparison

YAVG.NEO's dividend yield for the trailing twelve months is around 29.26%, more than HBIL-U.TO's 6.74% yield.

Position	TTM	2025	2024
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units	6.74%	7.37%	2.40%
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF	29.26%	8.90%	0.00%

Frequently Asked Questions

Can I hold both YAVG.NEO and HBIL-U.TO in my portfolio?

YAVG.NEO and HBIL-U.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between YAVG.NEO and HBIL-U.TO?

YAVG.NEO is categorized as Derivative Income, while HBIL-U.TO is Government Bonds. They also come from different issuers: Purpose Investments and Hamilton.