A side-by-side comparison of Hamilton Enhanced U.S. Covered Call ETF (HYLD) and HDI (HDI) to help Canadian investors make an informed decision.
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Head-to-Head Comparison
| Metric | HYLD | HDI |
|---|---|---|
| YTD Return | +9.92% | — |
| 1-Day Change | -0.06% | — |
| 1-Week Change | +0.19% | — |
| 1-Month Change | +8.08% | — |
| Current Price | $16.18 | — |
| AUM | $1.16B | — |
| MER (Expense Ratio) | 0% | — |
| Dividend Yield | 12.12% | — |
| Distribution Frequency | Monthly | — |
| Inception Date | 2022-02-04 | — |
| Holdings Count | 9 | — |
| MorningStar Rating | — | — |
| Category | Alternative Equity Focused | — |
| Beta | 0.00 | — |
| 52-Week High | $16.25 | — |
| 52-Week Low | $11.44 | — |
| 50-Day MA | $14.78 | — |
| 200-Day MA | $14.63 | — |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | HYLD | HDI |
|---|---|---|
| YTD | +9.92% | — |
| 1 Year | +41.27% | — |
| 3 Year | +24.16% | — |
| 5 Year | — | — |
| 10 Year | — | — |
| 1Y Volatility | 17.70% | — |
| Sharpe Ratio (3Y) | 1.30 | — |
Past performance is not a guarantee of future results.
Sector Weights
| Sector | HYLD | HDI |
|---|---|---|
| Basic Materials | 4.46% | — |
| Communication Services | 11.13% | — |
| Consumer Cyclicals | 8.12% | — |
| Consumer Defensive | 3.20% | — |
| Energy | 4.12% | — |
| Financial Services | 11.83% | — |
| Healthcare | 9.10% | — |
| Industrials | 5.00% | — |
| Real Estate | 3.60% | — |
| Technology | 37.15% | — |
| Utilities | 2.29% | — |
About HYLD
The fund seeks to provide attractive monthly income and long-term capital appreciation from a diversified, multi-sector portfolio of primarily covered call ETFs, primarily focused on the U.S.
About HDI
HDI (HDI.TO) is a Canadian-listed ETF traded on the TO. More detailed information will be available soon.
Which ETF is Right for You?
Both HYLD and HDI are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
HYLD and HDI are closely matched on the metrics we track. The right choice depends on your individual investment goals, tax situation, and time horizon.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between HYLD and HDI?
HYLD (Hamilton Enhanced U.S. Covered Call ETF) and HDI (HDI) are both Canadian-listed ETFs. Key differences include their AUM ($1.16B vs —), dividend yield (12.12% vs N/A), and year-to-date performance (+9.92% vs —).
Is HYLD better than HDI?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy HYLD and HDI on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both HYLD and HDI should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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