HYLD.TO vs USCL.TO: Income Fund Comparison
Hamilton Enhanced U.S. Covered Call ETF - Canada (HYLD.TO) and Global X Enhanced S&P 500 Covered Call ETF - Canada (USCL.TO) are both income-focused funds. Below is our independent side-by-side review using the Dependable Income Investing 13-factor scoring system — designed specifically for income investors seeking reliable, sustainable distributions.
Also see: HYLD.TO individual review · USCL.TO individual review
| HYLD.TO | USCL.TO | |
|---|---|---|
| Fund Name | Hamilton Enhanced U.S. Covered Call ETF - Canada | Global X Enhanced S&P 500 Covered Call ETF - Canada |
| Fund Type | Diversified Fund | Index Based Fund |
| Exchange | TSX | TSX |
| Last Reviewed | 2025-12-24 | 2025-12-09 |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: HYLD.TO vs USCL.TO 20% of overall score
Fund Attributes cover the foundational characteristics of each fund: cost, company backing, track record, and size. These factors reflect stability and cost-efficiency for long-term income investors.
Fund is subject to the fees of the underlying portfolio. You pay the aggregate fees of all the child ETF's contained within. This is 2.37% which is a very high expense ratio. Info at: https://hamiltonetfs.com/wp-content/uploads/2025/01/ETF-Facts-HYLD-EN-2025-01.pdf
MER is 1.65% which is high.
Hamilton has over $9 billion in assets under management.
Has over $100 billion in assets under management worldwide.
The inception date for HYLD was February 4 2022.
The fund was formed July 5 2023.
$1 Billion AUM for this fund.
$260 Million plus under management for USCL and $400 Million under management for USCC which is the non-leveraged version. Combined is over $660 Million.
Risk: HYLD.TO vs USCL.TO 35% of overall score
Risk factors evaluate how each fund manages volatility, diversification, and the nature of its underlying assets — critical considerations for income investors who prioritise capital preservation.
See the full Risk analysis for both HYLD.TO and USCL.TO — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: HYLD.TO vs USCL.TO 45% of overall score
Return factors assess income generation quality: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.
See the full Return analysis for both HYLD.TO and USCL.TO — yield ratings, distribution consistency scores, and capital history.
View Plans →Our Review Methodology
Every fund reviewed on Dependable Income Investing is scored using our 13-factor Fund Report Card, organised into three weighted categories: Fund Attributes (20%), Risk (35%), and Return (45%). Each criterion is rated 1–5 by our analysts based on publicly available fund data.
We also calculate a Dependability Score — a weighted composite of six income-specific factors ranked by importance for retirement income investors: Yield Stability, Yield, Volatility, Capital History, Fund Risk, and Underlying Assets. This score answers the question income investors care about most: can I depend on this fund to pay me reliably?
Full scores, ratings, and analyst notes for both HYLD.TO and USCL.TO are available in the Dependable Income Investing app.
Frequently Asked Questions: HYLD.TO vs USCL.TO
Which has a lower expense ratio, HYLD.TO or USCL.TO?
HYLD.TO: Fund is subject to the fees of the underlying portfolio. You pay the aggregate fees of all the child ETF's contained within. This is 2.37% which is a very high expense ratio. Info at: https://hamiltonetfs.com/wp-content/uploads/2025/01/ETF-Facts-HYLD-EN-2025-01.pdf
USCL.TO: MER is 1.65% which is high.
Which fund has more assets under management, HYLD.TO or USCL.TO?
HYLD.TO: $1 Billion AUM for this fund.
USCL.TO: $260 Million plus under management for USCL and $400 Million under management for USCC which is the non-leveraged version. Combined is over $660 Million.
Which fund has been trading longer, HYLD.TO or USCL.TO?
HYLD.TO: The inception date for HYLD was February 4 2022.
USCL.TO: The fund was formed July 5 2023.
Who manages HYLD.TO vs USCL.TO?
HYLD.TO: Hamilton has over $9 billion in assets under management.
USCL.TO: Has over $100 billion in assets under management worldwide.
Where can I see the full HYLD.TO vs USCL.TO comparison with scores?
The complete side-by-side comparison — including all Risk and Return scores, analyst notes, Overall Score, and Dependability Score for both funds — is available in the Dependable Income Investing app.
See the Full HYLD.TO vs USCL.TO Comparison
The Dependable Income Investing app gives you the complete picture: all 13 scoring factors for both funds, Risk and Return analyst notes, Dependability Scores, and tools to compare any income fund side by side.
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