AMAX.TO Alternatives & Similar ETFs

Hamilton Gold Producer YIELD MAXIMIZER ETF (AMAX.TO) belongs to the Gold category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with AMAX.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to AMAX.TO

AMAX.TO charges 0.65% annually. There are 11 ETFs in the Gold category with lower expense ratios, going as low as 0.23%.

Symbol	Name	Expense Ratio	AUM	Inception
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	0.23%	—	Mar 2024	AMAX.TO vs ZGLD.TO
ZGLH.TO	BMO Gold Bullion Hedged to CAD ETF	0.23%	—	Mar 2024	AMAX.TO vs ZGLH.TO
KILO.TO	Purpose Gold Bullion Fund	0.28%	1.10B	Oct 2018	AMAX.TO vs KILO.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	0.28%	—	Oct 2018	AMAX.TO vs KILO-B.TO
HGGG.TO	Harvest Global Gold Giants Index ETF	0.40%	44.36M	Jan 2019	AMAX.TO vs HGGG.TO

Best Risk-Adjusted Alternatives to AMAX.TO

AMAX.TO has a PortfoliosLab risk / return rank of 24. There are 9 ETFs in the Gold category with higher risk-adjusted ranks, going as high as 37.

Symbol	Name	Risk / Return Rank	AUM	Inception
HGGG.TO	Harvest Global Gold Giants Index ETF	37	44.36M	Jan 2019	AMAX.TO vs HGGG.TO
GLDX.TO	Global X Gold Producers Index ETF	36	—	Nov 2024	AMAX.TO vs GLDX.TO
XGD.TO	iShares S&P/TSX Global Gold Index ETF	34	3.65B	Mar 2001	AMAX.TO vs XGD.TO
ZJG.TO	BMO Junior Gold Index ETF	34	178.55M	Jan 2010	AMAX.TO vs ZJG.TO
ZGD.TO	BMO Equal Weight Global Gold Index ETF	31	306.01M	Nov 2012	AMAX.TO vs ZGD.TO

Top Performing AMAX.TO Alternatives (YTD)

AMAX.TO is at -11.29% YTD. There are 12 ETFs in the Gold category with higher YTD returns, going as high as -4.14%.

Symbol	Name	YTD Return	AUM	Inception
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	-4.14%	—	Mar 2024	AMAX.TO vs ZGLD.TO
CGL-C.TO	iShares Gold Bullion ETF	-4.25%	—	Mar 2011	AMAX.TO vs CGL-C.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	-4.35%	—	Oct 2018	AMAX.TO vs KILO-B.TO
ZGD.TO	BMO Equal Weight Global Gold Index ETF	-6.39%	306.01M	Nov 2012	AMAX.TO vs ZGD.TO
XGD.TO	iShares S&P/TSX Global Gold Index ETF	-7.10%	3.65B	Mar 2001	AMAX.TO vs XGD.TO

Lowest Volatility Alternatives to AMAX.TO

AMAX.TO has 42.37% 1-year volatility. There are 9 ETFs in the Gold category with lower 1-year volatility, going as low as 25.10%.

Symbol	Name	Volatility 1Y	AUM	Inception
HGY.TO	Global X Gold Yield ETF	25.10%	191.55M	Dec 2010	AMAX.TO vs HGY.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	26.13%	—	Oct 2018	AMAX.TO vs KILO-B.TO
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	26.47%	—	Mar 2024	AMAX.TO vs ZGLD.TO
CGL-C.TO	iShares Gold Bullion ETF	26.48%	—	Mar 2011	AMAX.TO vs CGL-C.TO
KILO.TO	Purpose Gold Bullion Fund	27.43%	1.10B	Oct 2018	AMAX.TO vs KILO.TO

Lowest Drawdown Alternatives to AMAX.TO

AMAX.TO has a 1-year max drawdown of -32.73%. There are 8 ETFs in the Gold category with shallower 1-year drawdowns, going as shallow as -22.27%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	-22.27%	—	Mar 2024	AMAX.TO vs ZGLD.TO
CGL-C.TO	iShares Gold Bullion ETF	-22.35%	—	Mar 2011	AMAX.TO vs CGL-C.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	-22.37%	—	Oct 2018	AMAX.TO vs KILO-B.TO
HGY.TO	Global X Gold Yield ETF	-24.27%	191.55M	Dec 2010	AMAX.TO vs HGY.TO
CGL.TO	iShares Gold Bullion ETF (CAD-Hedged)	-26.79%	2.02B	May 2009	AMAX.TO vs CGL.TO

Other ETFs from Hamilton Capital

The 10 most viewed Hamilton Capital ETFs shown here include HMAX.TO, HYLD.TO, HCAL.TO and span 6 categories. AUM among these funds goes as high as $2B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	95	17.37%	2.47B	Jan 2023	AMAX.TO vs HMAX.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	64	12.12%	1.30B	Feb 2022	AMAX.TO vs HYLD.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Financials Equities, Canada Equities, Leveraged Equities	98	37.50%	1.06B	Oct 2020	AMAX.TO vs HCAL.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	Derivative Income, Utilities Equities	78	9.99%	1.36B	Jun 2023	AMAX.TO vs UMAX.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	—	25.90%	—	Jul 2025	AMAX.TO vs QDAY.NEO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	43	19.39%	1.01B	Oct 2023	AMAX.TO vs QMAX.TO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	17.52%	242.10M	Jul 2025	AMAX.TO vs CDAY.NEO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	—	14.97%	—	Jul 2025	AMAX.TO vs SDAY.NEO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	92	16.45%	—	Jan 2025	AMAX.TO vs CMVP.TO
SMAX.TO	Hamilton U.S. Equity YIELD MAXIMIZER ETF	Derivative Income	89	16.32%	1.09B	Oct 2023	AMAX.TO vs SMAX.TO

Often Compared With AMAX.TO

Investors most often compare AMAX.TO with GLCC.TO, XEQT.TO, HDIV.TO. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
GLCC.TO	Global X Gold Producer Equity Covered Call ETF	Derivative Income, Gold, Precious Metals	29	-10.76%	589.70M	Apr 2011	AMAX.TO vs GLCC.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	81	12.77%	19.56B	Aug 2019	AMAX.TO vs XEQT.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	93	16.92%	1.70B	Jul 2021	AMAX.TO vs HDIV.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	Derivative Income	97	26.80%	1.16B	Feb 2022	AMAX.TO vs BANK.TO
ZWU.TO	BMO Covered Call Utilities ETF	Utilities Equities, Derivative Income	77	12.29%	2.20B	Oct 2011	AMAX.TO vs ZWU.TO
SVR.TO	iShares Silver Bullion ETF	Silver, Precious Metals	26	-21.85%	469.32M	Jul 2009	AMAX.TO vs SVR.TO
DNG.TO	Dynacor Gold Mines Inc.		70	3.38%	—	—	AMAX.TO vs DNG.TO
CWIN.TO	HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ...	Dividend	93	20.08%	—	Jan 2025	AMAX.TO vs CWIN.TO
EQX.TO	Equinox Gold Corp.		72	-30.85%	—	—	AMAX.TO vs EQX.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	Derivative Income	98	16.61%	—	Jun 2022	AMAX.TO vs HLIF.TO
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	Energy Equities, Derivative Income	53	20.41%	467.50M	Feb 2024	AMAX.TO vs EMAX.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	78	22.25%	708.27M	Apr 2011	AMAX.TO vs ENCC.TO
IAU	iShares Gold Trust	Gold, Precious Metals	21	-7.61%	64.29B	Jan 2005	AMAX.TO vs IAU
MNT.TO	Royal Canadian Mint - Canadian Gold Reserves	Gold, Precious Metals	18	-9.79%	1.20B	—	AMAX.TO vs MNT.TO
HUG.TO	Global X Gold ETF	Gold, Commodities, Precious Metals	18	-9.14%	51.66M	Jun 2009	AMAX.TO vs HUG.TO
SHLD.TO	Global X Defence Tech Index ETF	Aerospace & Defense	12	-5.86%	—	Apr 2025	AMAX.TO vs SHLD.TO
XMA.TO	iShares S&P/TSX Capped Materials Index ETF	Materials	36	-4.09%	650.55M	Dec 2005	AMAX.TO vs XMA.TO
VEQT.TO	Vanguard All-Equity ETF Portfolio	Global Equities	83	13.03%	14.70B	Jan 2019	AMAX.TO vs VEQT.TO
CGXF.TO	CI Gold+ Giants Covered Call ETF Common	Gold, Precious Metals	23	-11.82%	243.61M	Mar 2022	AMAX.TO vs CGXF.TO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	19	2.57%	1.74B	Jan 2025	AMAX.TO vs HHIS.TO

Compare AMAX.TO with Any Fund or Stock

Compare AMAX.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Pair AMAX.TO with funds that move differently

Hamilton Gold Producer YIELD MAXIMIZER ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AMAX.TO.

Explore AMAX.TO Diversifiers

Hamilton Gold Producer YIELD MAXIMIZER ETF (AMAX.TO) Alternatives