Funds that beat their benchmark

Income funds trade something for their payouts: a covered call fund gives up some of its stocks' upside for option income, and a dividend fund narrows its market to the payers. Over a year or three, did that trade pay? Pick a kind of fund to see what it's measured against.

Any fund against simply buying its latest published top 10 holdings at the start and holding them. The fund didn't necessarily hold those names, at those weights, all along, so treat this as a rough guide.

38 of 168 funds beat owning their top 10 over 1 year, to Nov 11, 2026.

Beat their top 10

#ETFFundTop 10DifferenceScore
1LCS Brompton Lifeco Split Corp. Class A Shares · Brompton 1.8x leverage+87.0%+44.5%+42.5%74
2LBS Life & Banc Split Corp. Class A Shares · Brompton 1.7x leverage+74.2%+45.6%+28.6%81
3NRGI Ninepoint Energy Income · Ninepoint +42.5%+27.8%+14.7%65
4CBNK Mulvihill Canadian Bank Enhanced Yield · Mulvihill 1.25x leverage+60.1%+46.4%+13.7%80
5CUD iShares US Dividend Growers Index (CAD-Hedged) · iShares +18.2%+6.6%+11.6%69
6SDAY Hamilton Enhanced U.S. Equity DayMAX™ · Hamilton 1.25x leverage+28.9%+20.2%+8.7%79
7USCL Global X Enhanced S&P 500 Covered Call · Global X 1.25x leverage+16.9%+9.0%+7.8%80
8RNCC Global X Equal Weight Canadian Telecommunications Covered Call · Global X -13.8%-21.2%+7.4%50
9CWIN HAMILTON CHAMPIONS™ Enhanced Canadian Dividend · Hamilton 1.25x leverage+34.6%+27.3%+7.4%68
10CDAY Hamilton Enhanced Canadian Equity DayMAX™ · Hamilton 1.25x leverage+30.2%+24.8%+5.4%82
11USCC Global X S&P 500 Covered Call · Global X +14.3%+9.0%+5.3%82
12SWIN HAMILTON CHAMPIONS™ Enhanced U.S. Dividend · Hamilton 1.25x leverage+27.9%+22.8%+5.1%64
13HDIF Harvest Diversified Monthly Income · Harvest 1.25x leverage+18.7%+14.4%+4.3%83
14SPAY Global X Short-Term U.S. Treasury Premium Yield · Global X +3.8%-0.5%+4.3%61
15HTAE Harvest Tech Leaders Enhanced Income · Harvest 1.25x leverage+23.3%+19.4%+3.9%74
16MIDB Evolve Enhanced Yield Mid Term Bond · Evolve -1.8%-4.9%+3.1%50
17RNCL Global X Enhanced Equal Weight Canadian Telecommunications Covered Call · Global X 1.25x leverage-18.3%-21.2%+2.9%48
18GRCC Global X Growth Asset Allocation Covered Call · Global X +11.8%+9.2%+2.7%75
19LPAY Global X Long-Term U.S. Treasury Premium Yield · Global X -2.1%-4.5%+2.4%55
20PAYS Global X Short-Term Government Bond Premium Yield · Global X +0.4%-1.8%+2.3%55
21HHLE Harvest Healthcare Leaders Enhanced Income · Harvest 1.25x leverage+16.4%+14.2%+2.3%68
22BCCC Global X Bitcoin Covered Call · Global X -24.3%-26.5%+2.2%34
23MPAY Global X Mid-Term U.S. Treasury Premium Yield · Global X +0.3%-1.7%+2.1%64
24PYF Purpose Premium Yield · Purpose +4.4%+2.4%+2.0%71
25XHU iShares U.S. High Dividend Equity Index · iShares +32.2%+30.5%+1.7%74
26HLIF Harvest Canadian Dividend Leaders Income · Harvest +26.5%+24.9%+1.7%81
27ZWE BMO Europe High Dividend Covered Call Hedged to CAD · BMO +10.7%+9.1%+1.6%75
28HBIE Harvest Balanced Income & Growth Enhanced · Harvest 1.25x leverage+8.9%+7.4%+1.5%71
29BMAX Brompton Enhanced Multi-Asset Income · Brompton 1.33x leverage+10.0%+8.6%+1.4%82
30ZDH BMO International Dividend Hedged to CAD · BMO +20.1%+18.8%+1.3%74
31HDIV Hamilton Enhanced Canadian Covered Call · Hamilton 1.25x leverage+26.4%+25.1%+1.3%84
32HUTE Harvest Utilities Leaders Enhanced Income · Harvest 1.25x leverage+11.5%+10.3%+1.2%80
33PAYM Global X Mid-Term Government Bond Premium Yield · Global X -1.7%-2.7%+1.0%46
34BANK Evolve Canadian Banks and Lifecos Enhanced Yield Index · Evolve 1.25x leverage+46.4%+45.9%+0.5%90
35HBIG Harvest Balanced Income & Growth · Harvest +7.9%+7.4%+0.5%74
36HRIF Harvest Diversified Equity Income · Harvest +15.3%+15.0%+0.3%80
37ENCL Global X Enhanced Canadian Oil And Gas Equity Covered Call · Global X 1.25x leverage+37.8%+37.7%+0.1%78
38PAYL Global X Long-Term Government Bond Premium Yield · Global X -4.3%-4.4%+0.1%44

Trailed (130)

#ETFFundTop 10DifferenceScore
39AGG Evolve Canadian Aggregate Bond Enhanced Yield · Evolve +0.1%+0.2%-0.1%56
40ESPX Evolve S&P 500® Enhanced Yield · Evolve +8.6%+8.8%-0.1%80
41JEPI JPMorgan US Equity Premium Income Active · JPMorgan +13.2%+13.5%-0.3%70
42BOND Evolve Enhanced Yield Bond · Evolve -4.8%-4.3%-0.5%58
43ZWQT BMO Global Enhanced Income · BMO +17.9%+18.4%-0.5%77
44ZXLR BMO SPDR Real Estate Select Sector Index · BMO +11.8%+12.4%-0.7%new
45HPYT Harvest Premium Yield Treasury · Harvest -5.9%-4.8%-1.0%41
46ZWGD BMO Covered Call Spread Gold Bullion · BMO -2.2%-1.0%-1.2%64
47HBND Hamilton U.S. Bond YIELD MAXIMIZER™ · Hamilton -6.2%-4.8%-1.4%50
48HYLD Hamilton Enhanced U.S. Covered Call · Hamilton 1.25x leverage+14.0%+15.6%-1.6%83
49ECHI Ninepoint Enhanced Canadian HighShares · Ninepoint 1.25x leverage+24.7%+26.3%-1.6%85
50HPYM Harvest Premium Yield 7-10 Year Treasury · Harvest -3.3%-1.1%-2.2%49
51HPF Harvest Energy Leaders Income · Harvest +42.4%+44.8%-2.4%69
52HTA Harvest Tech Leaders Income · Harvest +19.3%+21.8%-2.5%80
53ZWT BMO Covered Call Technology · BMO +11.6%+14.2%-2.7%74
54HBIL Hamilton U.S. T-Bill YIELD MAXIMIZER™ · Hamilton +0.4%+3.0%-2.7%50
55EQCC Global X All-Equity Asset Allocation Covered Call · Global X +14.8%+17.6%-2.8%76
56LIFE Evolve Global Healthcare Enhanced Yield · Evolve +11.2%+14.4%-3.2%76
57BLOV Brompton North American Low Volatility Dividend · Brompton +17.2%+20.4%-3.2%75
58ZHP BMO US Preferred Share Hedged to CAD Index · BMO -10.4%-7.0%-3.4%54
59XHD iShares U.S. High Dividend Equity Index (CAD-Hedged) · iShares +26.8%+30.5%-3.7%72
60ZUD BMO US Dividend Hedged to CAD · BMO +16.7%+20.5%-3.7%70
61TUEX TD Active U.S. Enhanced Dividend CAD Hedged · TD +1.8%+5.6%-3.8%68
62ZPH BMO US Put Write Hedged to CAD · BMO +9.0%+12.8%-3.8%76
63ZWS BMO US High Dividend Covered Call Hedged to CAD · BMO +10.8%+14.7%-3.9%74
64OILY Evolve Canadian Energy Enhanced Yield Index · Evolve 1.25x leverage+35.8%+39.8%-4.0%79
65BKCL Global X Enhanced Equal Weight Canadian Banks Covered Call · Global X 1.25x leverage+42.2%+46.4%-4.2%81
66XDGH iShares Core MSCI Global Quality Dividend Index (CAD-Hedged) · iShares +23.0%+27.2%-4.2%76
67ZWK BMO Covered Call US Banks · BMO +16.4%+20.8%-4.4%72
68GLCC Global X Gold Producer Equity Covered Call · Global X +8.0%+12.5%-4.5%75
69UTES Evolve Canadian Utilities Enhanced Yield Index · Evolve 1.25x leverage+6.3%+10.9%-4.6%73
70VRE Vanguard FTSE Canadian Capped REIT Index · Vanguard -1.2%+3.5%-4.8%70
71CCCB CIBC Canadian Banks Covered Call · CIBC +40.6%+45.4%-4.8%71
72HGY Global X Gold Yield · Global X -7.1%-2.1%-5.1%74
73PHR Purpose Real Estate Income · Purpose +9.2%+14.3%-5.1%68
74PAYF Purpose Enhanced Premium Yield · Purpose +7.2%+12.4%-5.2%77
75HBIX Harvest Bitcoin Enhanced Income · Harvest 1.25x leverage-31.7%-26.5%-5.2%21
76FMAX Hamilton U.S. Financials YIELD MAXIMIZER™ · Hamilton +8.5%+13.9%-5.4%76
77HBF Harvest US Equity Leaders Income · Harvest +8.1%+13.8%-5.6%79
78BCCL Global X Enhanced Bitcoin Covered Call · Global X 1.25x leverage-30.5%-24.4%-6.1%31
79ZWB BMO Covered Call Canadian Banks · BMO +40.1%+46.3%-6.2%82
80REIT Global X Equal Weight Canadian REITs Index · Global X +8.3%+14.6%-6.3%67
81HAZ Global X Active Global Dividend · Global X +13.0%+19.4%-6.4%65
82CALL Evolve US Banks Enhanced Yield · Evolve +16.0%+22.5%-6.5%78
83ENCC Global X Canadian Oil and Gas Equity Covered Call · Global X +30.9%+37.7%-6.7%81
84AGCC Global X Silver Covered Call · Global X -4.9%+2.0%-6.9%55
85CMVP HAMILTON CHAMPIONS™ Canadian Dividend Index · Hamilton +27.2%+34.2%-7.0%78
86HAL Global X Active Canadian Dividend · Global X +37.1%+44.3%-7.1%67
87EMCL Global X Enhanced MSCI Emerging Markets Covered Call · Global X 1.25x leverage+13.7%+20.9%-7.3%72
88XRE iShares S&P/TSX Capped REIT Index · iShares +3.9%+11.2%-7.3%69
89SMAX Hamilton U.S. Equity YIELD MAXIMIZER™ · Hamilton +16.1%+23.8%-7.7%83
90VGG Vanguard U.S. Dividend Appreciation Index · Vanguard +18.5%+26.2%-7.7%76
91XDIV iShares Core MSCI Canadian Quality Dividend Index · iShares +37.3%+45.1%-7.8%81
92ZPAY BMO Premium Yield · BMO +14.6%+22.7%-8.1%81
93VDY Vanguard FTSE Canadian High Dividend Yield Index · Vanguard +36.9%+45.2%-8.2%78
94XDV iShares Canadian Select Dividend Index · iShares +34.2%+42.7%-8.5%78
95XEI iShares S&P/TSX Composite High Dividend Index · iShares +32.3%+40.8%-8.5%79
96XDUH iShares Core MSCI US Quality Dividend Index (CAD-Hedged) · iShares +19.6%+28.1%-8.6%70
97UMAX Hamilton Utilities YIELD MAXIMIZER™ · Hamilton +9.5%+18.2%-8.7%74
98EACL Global X Enhanced MSCI EAFE Covered Call · Global X 1.25x leverage+16.1%+24.8%-8.7%75
99ZPW BMO US Put Write · BMO +12.8%+21.6%-8.8%78
100HIND Harvest Industrial Leaders Income · Harvest +18.7%+28.0%-9.3%71
101CANY Evolve Canadian Equity UltraYield · Evolve 1.33x leverage+23.0%+32.6%-9.6%78
102VIDY Vanguard FTSE Developed ex North America High Dividend Yield Index · Vanguard +23.6%+33.6%-9.9%74
103YMAG Tech Innovators Yield Shares Purpose · Purpose 1.25x leverage-0.3%+9.9%-10.1%76
104ZWEN BMO Covered Call Energy · BMO +43.5%+53.6%-10.1%76
105QMAX Hamilton Technology YIELD MAXIMIZER™ · Hamilton +10.0%+20.2%-10.2%80
106ZWU BMO Covered Call Utilities · BMO +6.7%+17.0%-10.3%80
107PWI Power & Infrastructure Split Corp. Class A Shares · Brompton 2.1x leverage+3.0%+13.6%-10.6%69
108EACC Global X MSCI EAFE Covered Call · Global X +14.1%+24.8%-10.7%79
109CGR iShares Global Real Estate Index · iShares +10.0%+20.8%-10.8%68
110RBN.UN Blue Ribbon Income · Brompton +20.2%+31.4%-11.1%69
111HHIS Harvest Diversified High Income Shares · Harvest 1.25x leverage+3.7%+15.4%-11.6%74
112EMCC Global X MSCI Emerging Markets Covered Call · Global X +15.5%+27.4%-11.8%79
113ZDV BMO Canadian Dividend · BMO +31.3%+43.1%-11.8%81
114CGRE CI Global REIT Private Pool · CI +11.0%+23.0%-12.0%68
115VGH Vanguard U.S. Dividend Appreciation Index (CAD-hedged) · Vanguard +14.0%+26.2%-12.2%76
116HUBL Harvest US Bank Leaders Income · Harvest +12.0%+24.7%-12.7%74
117HHIC Harvest Canadian High Income Shares · Harvest 1.25x leverage+16.7%+29.4%-12.8%84
118CNCL Global X Enhanced S&P/TSX 60 Covered Call · Global X 1.25x leverage+24.0%+36.8%-12.8%69
119TUED TD Active U.S. Enhanced Dividend · TD +5.6%+18.8%-13.1%68
120BKCC Global X Equal Weight Canadian Bank Covered Call · Global X +33.3%+46.4%-13.2%84
121AMAX Hamilton Gold Producer YIELD MAXIMIZER™ · Hamilton +7.6%+20.9%-13.3%73
122EMAX Hamilton Energy YIELD MAXIMIZER™ · Hamilton +32.6%+46.2%-13.5%70
123LMAX Hamilton Healthcare YIELD MAXIMIZER™ · Hamilton +19.4%+33.0%-13.6%70
124RMAX Hamilton REITs YIELD MAXIMIZER™ · Hamilton +3.9%+17.6%-13.6%74
125XDU iShares Core MSCI US Quality Dividend Index · iShares +24.9%+38.9%-14.0%75
126ETSX Evolve S&P/TSX 60 Enhanced Yield · Evolve +19.4%+33.4%-14.0%82
127HBTE Harvest Bitcoin Leaders Enhanced Income · Harvest 1.25x leverage-33.7%-19.6%-14.2%60
128HMAX Hamilton Canadian Financials YIELD MAXIMIZER™ · Hamilton +28.8%+43.0%-14.2%87
129XDG iShares Core MSCI Global Quality Dividend Index · iShares +24.1%+38.7%-14.6%78
130TGED TD Active Global Enhanced Dividend · TD +6.3%+20.9%-14.6%72
131CUDC CIBC US High Dividend Covered Call · CIBC +2.1%+17.3%-15.2%69
132ZWA BMO Covered Call Dow Jones Industrial Average Hedged to CAD · BMO +6.5%+21.7%-15.3%73
133GDV Global Dividend Growth Split Corp. Class A Shares · Brompton 2x leverage+15.6%+31.0%-15.4%79
134PDF Purpose Core Dividend · Purpose +26.9%+42.5%-15.6%77
135ZRE BMO Equal Weight REITs Index · BMO +4.8%+20.5%-15.7%74
136TRVI Harvest Travel & Leisure Income · Harvest +13.3%+29.2%-16.0%69
137CGDI CI Global Dividend Private Pool · CI +2.6%+18.8%-16.2%64
138HHL Harvest Healthcare Leaders Income · Harvest +14.1%+30.4%-16.2%74
139CCDC CIBC Canadian High Dividend Covered Call · CIBC +23.2%+39.6%-16.5%77
140SMVP HAMILTON CHAMPIONS™ U.S. Dividend Index · Hamilton +21.6%+38.1%-16.5%71
141HGR Harvest REIT Leaders Income · Harvest -0.1%+16.8%-16.8%55
142PID Purpose International Dividend · Purpose +21.1%+38.4%-17.3%76
143CNCC Global X S&P/TSX 60 Covered Call · Global X +19.5%+36.8%-17.3%76
144ZWH BMO US High Dividend Covered Call · BMO +14.7%+32.5%-17.8%78
145DGS Dividend Growth Split Corp. Class A Shares · Brompton 2.3x leverage+18.9%+37.5%-18.6%80
146ZWG BMO Global High Dividend Covered Call · BMO +17.2%+35.8%-18.7%78
147BFIN Brompton North American Financials Dividend · Brompton +16.6%+36.1%-19.4%78
148ZDY BMO US Dividend · BMO +20.5%+41.0%-20.6%72
149GGPY Guardian Directed Premium Yield · Guardian +8.5%+29.3%-20.7%68
150CYH iShares Global Monthly Dividend Index (CAD-Hedged) · iShares +17.8%+38.8%-21.0%74
151HHIH Harvest High Income Equity Shares · Harvest +5.3%+26.5%-21.2%75
152QQQY Evolve NASDAQ Technology Enhanced Yield Index · Evolve +10.7%+31.9%-21.2%84
153HVOI Harvest Low Volatility Canadian Equity Income · Harvest +18.6%+40.5%-21.9%73
154PDIV Purpose Enhanced Dividend · Purpose +16.1%+38.6%-22.5%82
155BDIV Brompton Global Dividend Growth · Brompton +5.9%+28.7%-22.8%76
156BIGY Evolve US Equity UltraYield · Evolve 1.33x leverage-13.1%+9.8%-22.9%57
157ZWC BMO Canadian High Dividend Covered Call · BMO +22.0%+45.0%-23.0%80
158GGEP Guardian Directed Equity Path · Guardian +6.1%+29.8%-23.7%65
159QQCL Global X Enhanced Nasdaq-100 Covered Call · Global X 1.25x leverage+14.6%+38.6%-24.0%84
160BASE Evolve Global Materials & Mining Enhanced Yield Index · Evolve +26.1%+50.2%-24.2%74
161QQCC Global X Nasdaq-100 Covered Call · Global X +12.5%+38.6%-26.1%85
162JEPQ JPMorgan Nasdaq Equity Premium Income Active · JPMorgan +11.4%+40.3%-28.9%83
163CDZ iShares S&P/TSX Canadian Dividend Aristocrats Index · iShares +21.6%+50.5%-28.9%78
164HIG Brompton Global Healthcare Income & Growth · Brompton +8.4%+40.0%-31.6%62
165BGIE Brompton Global Infrastructure · Brompton +5.6%+44.6%-39.0%80
166TLF Brompton Tech Leaders Income · Brompton +14.0%+71.2%-57.2%76
167ZWHC BMO Covered Call Health Care · BMO +22.4%+113.9%-91.5%69
168RSCC Global X Russell 2000 Covered Call · Global X +18.7%+117.6%-98.9%69

How to read this

  • Returns are totals in Canadian dollars, with distributions and dividends reinvested, over the same days for the fund and what it's measured against. A fund hedged to the Canadian dollar is measured in the benchmark's or market's own currency.
  • Benchmark or market: a covered call fund is compared with the same stocks without options, a fund with no options with the broad market it picks from. Neither is the index a fund tracks: an index fund trails its own index by about its fee, by design, so that would only rank fees. Click a ticker under a return, or see every benchmark and market yardstick, for the full list and the funds compared with each.
  • Leverage adds to gains when markets rise and to losses when they fall, so a leveraged fund beating an unleveraged benchmark says more about the market than the options.
  • Each fund's own page has the full comparison over more periods.

This is information, not a recommendation to buy or sell any fund. How we compare.