HCAL ETF Analysis: Hamilton Enhanced Canadian | TO
Long/Short & Market Neutral | TO, Canada | Market Cap: 996m CAD | 12M Return: 57.6% | CA40704L1085 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.42M
Warnings
No concerns identified
Tailwinds
Seasonality 6 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
HCAL is a Canadian bank ETF designed to deliver 1.25 times the returns of the Solactive Equal Weight Canada Banks Index. It invests in Canadian banks and uses 25% cash leverage, without derivatives; leverage can amplify both gains and losses.
Canadian banks typically operate across retail and commercial banking, wealth management, and capital markets. HCAL’s equal-weight index gives its bank holdings more balanced weighting than a market-cap-weighted approach.
- Canadian bank earnings and dividends drive equal-weight portfolio returns
- Rate changes reshape bank margins, loan growth, and credit losses
- 25% cash leverage magnifies returns, losses, and borrowing-cost effects
As of November 12, 2026, the stock is trading at CAD 50.53 with a total of 29,050 shares traded. Over the past week, the price has changed by -1.08%, over one month by +6.64%, over three months by +1.66% and over the past year by +57.61%.
Current recommended Stop Loss: 49.20 (which is 2.6% or 1.3 ATR below the current price).
Hamilton Enhanced Canadian has no consensus analysts rating.