YPLT.NEO vs. HBIL-U.TO
YPLT.NEO (Palantir (PLTR) Yield Shares Purpose ETF) and HBIL-U.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units) are both exchange-traded funds - YPLT.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, YPLT.NEO returned -2.88% vs 6.67% for HBIL-U.TO. At a correlation of -0.04, they often move in opposite directions.
Performance
YPLT.NEO vs. HBIL-U.TO - Performance Comparison
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Different Trading Currencies
YPLT.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, YPLT.NEO achieves a -18.40% return, which is significantly lower than HBIL-U.TO's 3.97% return.
YPLT.NEO
- 1D
- 5.78%
- 1M
- -1.82%
- 6M
- -18.52%
- YTD
- -18.40%
- 1Y
- -2.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBIL-U.TO
- 1D
- -0.76%
- 1M
- 0.59%
- 6M
- 2.26%
- YTD
- 3.97%
- 1Y
- 6.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YPLT.NEO vs. HBIL-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YPLT.NEO Palantir (PLTR) Yield Shares Purpose ETF | -18.40% | 62.74% |
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 3.97% | 0.38% |
Correlation
The correlation between YPLT.NEO and HBIL-U.TO is -0.09, 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 | -0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | -0.04 |
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Return for Risk
YPLT.NEO vs. HBIL-U.TO — Risk / Return Rank
YPLT.NEO
HBIL-U.TO
YPLT.NEO vs. HBIL-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palantir (PLTR) Yield Shares Purpose ETF (YPLT.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.
| YPLT.NEO | HBIL-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.25 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 1.67 | -1.74 |
| Martin ratioReturn relative to average drawdown | -0.13 | 4.26 | -4.39 |
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Drawdowns
YPLT.NEO vs. HBIL-U.TO - Drawdown Comparison
The maximum YPLT.NEO drawdown since its inception was -42.43%, 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 YPLT.NEO and HBIL-U.TO.
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Drawdown Indicators
| YPLT.NEO | HBIL-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.43% | -6.68% | -35.75% |
Max Drawdown (1Y)Largest decline over 1 year | -42.43% | -4.01% | -38.42% |
Current DrawdownCurrent decline from peak | -31.13% | -2.10% | -29.03% |
Average DrawdownAverage peak-to-trough decline | -16.86% | -2.26% | -14.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.94% | 1.57% | +20.37% |
Volatility
YPLT.NEO vs. HBIL-U.TO - Volatility Comparison
Palantir (PLTR) Yield Shares Purpose ETF (YPLT.NEO) has a higher volatility of 18.75% compared to Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO) at 1.88%. This indicates that YPLT.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
| YPLT.NEO | HBIL-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.75% | 1.88% | +16.87% |
Volatility (6M)Calculated over the trailing 6-month period | 48.41% | 3.60% | +44.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.95% | 4.68% | +57.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.16% | 5.86% | +63.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.16% | 5.86% | +63.30% |
Dividends
YPLT.NEO vs. HBIL-U.TO - Dividend Comparison
YPLT.NEO's dividend yield for the trailing twelve months is around 55.51%, more than HBIL-U.TO's 6.75% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 6.75% | 7.37% | 2.40% |
YPLT.NEO Palantir (PLTR) Yield Shares Purpose ETF | 55.51% | 14.71% | 0.00% |
Frequently Asked Questions
YPLT.NEO and HBIL-U.TO have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YPLT.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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