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 8 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-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%	48.63M	Jan 2019	AMAX.TO vs HGGG.TO
HUG.TO	Global X Gold ETF	0.54%	55.12M	Jun 2009	AMAX.TO vs HUG.TO

Best Risk-Adjusted Alternatives to AMAX.TO

AMAX.TO has a PortfoliosLab risk / return rank of 32. There are 7 ETFs in the Gold category with higher risk-adjusted ranks, going as high as 49.

Symbol	Name	Risk / Return Rank	AUM	Inception
ZGD.TO	BMO Equal Weight Global Gold Index ETF	49	356.53M	Nov 2012	AMAX.TO vs ZGD.TO
HGGG.TO	Harvest Global Gold Giants Index ETF	45	48.63M	Jan 2019	AMAX.TO vs HGGG.TO
GLCL.TO	Global X Enhanced Gold Producer Equity Covered Cal...	41	—	Apr 2025	AMAX.TO vs GLCL.TO
GLCC.TO	Global X Gold Producer Equity Covered Call ETF	39	597.10M	Apr 2011	AMAX.TO vs GLCC.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	38	—	Oct 2018	AMAX.TO vs KILO-B.TO

Top Performing AMAX.TO Alternatives (YTD)

AMAX.TO is at -1.05% YTD. There are 10 ETFs in the Gold category with higher YTD returns, going as high as 6.26%.

Symbol	Name	YTD Return	AUM	Inception
ZGD.TO	BMO Equal Weight Global Gold Index ETF	6.26%	356.53M	Nov 2012	AMAX.TO vs ZGD.TO
CGL-C.TO	iShares Gold Bullion ETF	4.39%	—	Mar 2011	AMAX.TO vs CGL-C.TO
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	4.35%	—	Mar 2024	AMAX.TO vs ZGLD.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	4.14%	—	Oct 2018	AMAX.TO vs KILO-B.TO
CGL.TO	iShares Gold Bullion ETF (CAD-Hedged)	2.15%	2.53B	May 2009	AMAX.TO vs CGL.TO

Lowest Volatility Alternatives to AMAX.TO

AMAX.TO has 39.98% 1-year volatility. There are 8 ETFs in the Gold category with lower 1-year volatility, going as low as 23.45%.

Symbol	Name	Volatility 1Y	AUM	Inception
HGY.TO	Global X Gold Yield ETF	23.45%	219.30M	Dec 2010	AMAX.TO vs HGY.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	25.07%	—	Oct 2018	AMAX.TO vs KILO-B.TO
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	25.17%	—	Mar 2024	AMAX.TO vs ZGLD.TO
CGL-C.TO	iShares Gold Bullion ETF	25.35%	—	Mar 2011	AMAX.TO vs CGL-C.TO
ZGLH.TO	BMO Gold Bullion Hedged to CAD ETF	25.97%	—	Mar 2024	AMAX.TO vs ZGLH.TO

Lowest Drawdown Alternatives to AMAX.TO

AMAX.TO has a 1-year max drawdown of -28.60%. There are 8 ETFs in the Gold category with shallower 1-year drawdowns, going as shallow as -17.23%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	-17.23%	—	Mar 2024	AMAX.TO vs ZGLD.TO
CGL-C.TO	iShares Gold Bullion ETF	-17.37%	—	Mar 2011	AMAX.TO vs CGL-C.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	-17.41%	—	Oct 2018	AMAX.TO vs KILO-B.TO
HGY.TO	Global X Gold Yield ETF	-17.47%	219.30M	Dec 2010	AMAX.TO vs HGY.TO
HUG.TO	Global X Gold ETF	-19.27%	55.12M	Jun 2009	AMAX.TO vs HUG.TO

Other ETFs from Hamilton Capital

The 10 most viewed Hamilton Capital ETFs shown here include HDIV.TO, HMAX.TO, HYLD.TO and span 5 categories. AUM among these funds goes as high as $2B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HDIV.TO	Hamilton Enhanced Multi-Sector Covered Call ETF	Derivative Income	92	16.21%	1.63B	Jul 2021	AMAX.TO vs HDIV.TO
HMAX.TO	Hamilton Canadian Financials YIELD MAXIMIZER ETF	Derivative Income	91	11.17%	2.34B	Jan 2023	AMAX.TO vs HMAX.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	75	15.73%	1.29B	Feb 2022	AMAX.TO vs HYLD.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Leveraged Equities	96	23.54%	959.30M	Oct 2020	AMAX.TO vs HCAL.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	Derivative Income, Utilities Equities	58	8.78%	1.34B	Jun 2023	AMAX.TO vs UMAX.TO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	52	22.06%	973.00M	Oct 2023	AMAX.TO vs QMAX.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	—	31.76%	—	Jul 2025	AMAX.TO vs QDAY.NEO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	13.70%	242.10M	Jul 2025	AMAX.TO vs CDAY.NEO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	—	9.14%	—	Jul 2025	AMAX.TO vs SDAY.NEO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	79	11.91%	—	Jan 2025	AMAX.TO vs CMVP.TO

Often Compared With AMAX.TO

Investors most often compare AMAX.TO with XGD.TO, SMAX.TO, XEQT.TO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XGD.TO	iShares S&P/TSX Global Gold Index ETF	Precious Metals	42	3.35%	3.59B	Mar 2001	AMAX.TO vs XGD.TO
SMAX.TO	Hamilton U.S. Equity YIELD MAXIMIZER ETF	Derivative Income	94	18.79%	1.07B	Oct 2023	AMAX.TO vs SMAX.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	75	12.29%	18.41B	Aug 2019	AMAX.TO vs XEQT.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	Derivative Income	96	17.36%	1.08B	Feb 2022	AMAX.TO vs BANK.TO
ZWU.TO	BMO Covered Call Utilities ETF	Utilities Equities, Derivative Income	58	10.15%	2.17B	Oct 2011	AMAX.TO vs ZWU.TO
DNG.TO	Dynacor Gold Mines Inc.		71	13.64%	—	—	AMAX.TO vs DNG.TO
SVR.TO	iShares Silver Bullion ETF	Silver, Precious Metals	45	1.77%	523.08M	Jul 2009	AMAX.TO vs SVR.TO
CWIN.TO	HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ...	Dividend	83	15.75%	—	Jan 2025	AMAX.TO vs CWIN.TO
EQX.TO	Equinox Gold Corp.		71	-18.95%	—	—	AMAX.TO vs EQX.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	Derivative Income	98	15.41%	—	Jun 2022	AMAX.TO vs HLIF.TO
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	Energy Equities, Derivative Income	70	30.76%	476.70M	Feb 2024	AMAX.TO vs EMAX.TO
IAU	iShares Gold Trust	Gold, Precious Metals	32	2.98%	69.92B	Jan 2005	AMAX.TO vs IAU
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	85	29.01%	759.08M	Apr 2011	AMAX.TO vs ENCC.TO
MNT.TO	Royal Canadian Mint - Canadian Gold Reserves		26	-0.92%	1.20B	—	AMAX.TO vs MNT.TO
SHLD.TO	Global X Defence Tech Index ETF	Aerospace & Defense	15	-1.13%	—	Apr 2025	AMAX.TO vs SHLD.TO
XMA.TO	iShares S&P/TSX Capped Materials Index ETF	Materials	46	7.60%	699.10M	Dec 2005	AMAX.TO vs XMA.TO
VEQT.TO	Vanguard All-Equity ETF Portfolio	Global Equities	81	12.75%	14.70B	Jan 2019	AMAX.TO vs VEQT.TO
CGXF.TO	CI Gold+ Giants Covered Call ETF Common	Gold, Precious Metals	31	-2.14%	247.50M	Mar 2022	AMAX.TO vs CGXF.TO
PSLV.TO	Sprott Physical Silver Trust		80	-0.65%	—	—	AMAX.TO vs PSLV.TO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	32	9.32%	1.82B	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