Hamilton Enhanced Canadian Bank ETF (HCAL)

Hamilton Enhanced Canadian Bank ETF (HCAL $33.37)
- $33.37 P/E (TTM): 11.76X Cap: $726M
- View HCAL Profile
- View Questions on HCAL

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BMO Equal Weight Banks Index ETF (ZEB $54.35)
- $54.35 P/E (TTM): 11.77X Cap: $4.61B
- View ZEB Profile
- View Questions on ZEB
Hamilton Enhanced Canadian Bank ETF (HCAL $33.37)
- $33.37 P/E (TTM): 11.76X Cap: $726M
- View HCAL Profile
- View Questions on HCAL

Q: Recently retired and looking for a way to play banks and income. Your thoughts on HCAL and ZEB. Is HCAL worth the extra MER?
Thanks

Read Answer Asked by Dale on November 06, 2025

Royal Bank of Canada (RY $206.93)
- $206.93 P/E (TTM): 15.57X Cap: $288.66B
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Bank of Nova Scotia (The) (BNS $94.66)
- $94.66 P/E (TTM): 18.16X Cap: $117.52B
- View BNS Profile
- View Questions on BNS
- View Reports on BNS
Bank of Montreal (BMO $171.68)
- $171.68 P/E (TTM): 14.48X Cap: $124.58B
- View BMO Profile
- View Questions on BMO
Hamilton Enhanced Canadian Bank ETF (HCAL $33.37)
- $33.37 P/E (TTM): 11.76X Cap: $726M
- View HCAL Profile
- View Questions on HCAL
Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.56)
- $15.56 P/E (TTM): 9.31X Cap: $1.71B
- View HMAX Profile
- View Questions on HMAX
Hamilton Utilities YIELD MAXIMIZER TM ETF (UMAX $13.58)
- $13.58 P/E (TTM): 19.81X Cap: $933M
- View UMAX Profile
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Q: I have been asked by a 23 year old to provide suggestions for when she initiates her FHSA.

I immediately thought of the banks , which I believe is the premium Canadian sector for long term growth, growing dividends , and safety. I would also recommend a more Canadian diversified security (UMAX ) for her next purchase. Of the above banking securities ( all owned between my cash, tax free, and registered accounts ), which would you start with ? Would you be comfortable with UMAX as second pick ( admittedly hasn’t done much but provides diversification into large cap companies and a good distribution yield). I am only interested in Canadian securities at this point. Should I be comfortable with this approach? Any thoughts would be appreciated.
Thanks. Derek .
Any

Read Answer Asked by Derek on October 21, 2025

Bank of Nova Scotia (The) (BNS $94.66)
- $94.66 P/E (TTM): 18.16X Cap: $117.52B
- View BNS Profile
- View Questions on BNS
- View Reports on BNS
Hamilton Enhanced Canadian Bank ETF (HCAL $33.37)
- $33.37 P/E (TTM): 11.76X Cap: $726M
- View HCAL Profile
- View Questions on HCAL

Q: I have held BNS in my cash account for several years and the stock has been essentially flat. I am looking to replace it with HCAL. There would be minimal capital gains tax and they have essentially the same yield. HCAL has 1.25 leverage to the big Cdn banks. Thinking of the tendency of individual banks reverting to the mean , am I selling BNS at the wrong time as it does seem to be participating in the industry’s strength of late. What do you think of this move ?
Thanks. Derek.

Read Answer Asked by Derek on August 25, 2025