YGOG.NEO vs. HBIL-U.TO
YGOG.NEO (Alphabet (GOOGL) Yield Shares Purpose ETF) and HBIL-U.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units) are both exchange-traded funds - YGOG.NEO is a Derivative Income fund actively managed by Purpose, while HBIL-U.TO is a Government Bonds fund actively managed by Hamilton. Both are actively managed. Over the past year, YGOG.NEO returned 92.76% vs 6.60% for HBIL-U.TO. At a 0.01 correlation, their price movements are largely independent.
Performance
YGOG.NEO vs. HBIL-U.TO - Performance Comparison
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Different Trading Currencies
YGOG.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, YGOG.NEO achieves a 7.83% return, which is significantly higher than HBIL-U.TO's 3.86% return.
YGOG.NEO
- 1D
- -2.00%
- 1M
- -4.79%
- 6M
- 1.86%
- YTD
- 7.83%
- 1Y
- 92.76%
- 3Y*
- 40.94%
- 5Y*
- —
- 10Y*
- —
HBIL-U.TO
- 1D
- -0.00%
- 1M
- 0.12%
- 6M
- 2.21%
- YTD
- 3.86%
- 1Y
- 6.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YGOG.NEO vs. HBIL-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YGOG.NEO Alphabet (GOOGL) Yield Shares Purpose ETF | 7.83% | 69.46% | 23.16% |
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 3.86% | 0.03% | 4.69% |
Correlation
The correlation between YGOG.NEO and HBIL-U.TO is -0.00, 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 | -0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2024 | 0.01 |
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Return for Risk
YGOG.NEO vs. HBIL-U.TO — Risk / Return Rank
YGOG.NEO
HBIL-U.TO
YGOG.NEO vs. HBIL-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.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.
| YGOG.NEO | HBIL-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.25 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 1.65 | +2.62 |
| Martin ratioReturn relative to average drawdown | 13.39 | 4.19 | +9.20 |
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Drawdowns
YGOG.NEO vs. HBIL-U.TO - Drawdown Comparison
The maximum YGOG.NEO drawdown since its inception was -34.24%, 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 YGOG.NEO and HBIL-U.TO.
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Drawdown Indicators
| YGOG.NEO | HBIL-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.24% | -6.68% | -27.56% |
Max Drawdown (1Y)Largest decline over 1 year | -21.82% | -4.01% | -17.81% |
Max Drawdown (3Y)Largest decline over 3 years | -34.24% | — | — |
Current DrawdownCurrent decline from peak | -14.19% | -2.20% | -11.99% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -2.26% | -5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.95% | 1.58% | +5.37% |
Volatility
YGOG.NEO vs. HBIL-U.TO - Volatility Comparison
Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.NEO) has a higher volatility of 13.21% compared to Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO) at 1.82%. This indicates that YGOG.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.
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Volatility by Period
| YGOG.NEO | HBIL-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.21% | 1.82% | +11.39% |
Volatility (6M)Calculated over the trailing 6-month period | 25.43% | 3.60% | +21.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.52% | 4.68% | +28.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.12% | 5.85% | +27.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.12% | 5.85% | +27.27% |
Dividends
YGOG.NEO vs. HBIL-U.TO - Dividend Comparison
YGOG.NEO's dividend yield for the trailing twelve months is around 9.07%, more than HBIL-U.TO's 6.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 6.74% | 7.37% | 2.40% | 0.00% | 0.00% |
YGOG.NEO Alphabet (GOOGL) Yield Shares Purpose ETF | 9.07% | 5.84% | 6.63% | 7.24% | 0.91% |
Frequently Asked Questions
YGOG.NEO and HBIL-U.TO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YGOG.NEO is categorized as Derivative Income, while HBIL-U.TO is Government Bonds. They also come from different issuers: Purpose and Hamilton.
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