CMAX.TO Alternatives & Similar ETFs

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

Cheapest Alternatives to CMAX.TO

Among 76 ETFs in the Derivative Income category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.04%.

Symbol	Name	Expense Ratio	AUM	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	249.48M	Jul 2023	CMAX.TO vs USCL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	155.19M	Nov 2025	CMAX.TO vs EQLI.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	—	Aug 2025	CMAX.TO vs ECHI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	0.35%	136.22M	Sep 2024	CMAX.TO vs JEPQ.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	0.35%	235.30M	Sep 2024	CMAX.TO vs HBIL.TO

Best Risk-Adjusted Alternatives to CMAX.TO

Among 73 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	98	—	Jun 2022	CMAX.TO vs HLIF.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	97	—	Feb 2022	CMAX.TO vs CBNK.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	96	1.08B	Feb 2022	CMAX.TO vs BANK.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	95	187.53M	Jul 2023	CMAX.TO vs BKCL.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	95	370.01M	May 2011	CMAX.TO vs BKCC.TO

Top Performing CMAX.TO Alternatives (YTD)

Among 84 ETFs in the Derivative Income category with YTD return data, the top-performing alternatives shown here go as high as 42.78%.

Symbol	Name	YTD Return	AUM	Inception
YAVG.NEO	Broadcom (AVGO) Yield Shares Purpose ETF	42.78%	—	Feb 2025	CMAX.TO vs YAVG.NEO
CNQE.TO	Harvest CNQ Enhanced High Income Shares ETF	38.88%	—	Aug 2025	CMAX.TO vs CNQE.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	37.98%	286.32M	Oct 2023	CMAX.TO vs ENCL.TO
NXF.TO	CI Energy Giants Covered Call ETF Common Units (CA...	31.66%	116.31M	Feb 2015	CMAX.TO vs NXF.TO
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	30.95%	476.70M	Feb 2024	CMAX.TO vs EMAX.TO

Lowest Volatility Alternatives to CMAX.TO

CMAX.TO has 9.82% 1-year volatility. There are 14 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.66%.

Symbol	Name	Volatility 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.66%	235.30M	Sep 2024	CMAX.TO vs HBIL.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	4.53%	226.83M	Jan 2024	CMAX.TO vs HPYM.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	6.65%	1.34B	Jun 2023	CMAX.TO vs UMAX.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	6.89%	—	Jun 2022	CMAX.TO vs HLIF.TO
ZWU.TO	BMO Covered Call Utilities ETF	7.59%	2.17B	Oct 2011	CMAX.TO vs ZWU.TO

Lowest Drawdown Alternatives to CMAX.TO

Among 73 ETFs in the Derivative Income category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.95%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	-0.95%	235.30M	Sep 2024	CMAX.TO vs HBIL.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	-3.09%	—	Jun 2022	CMAX.TO vs HLIF.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	-3.85%	226.83M	Jan 2024	CMAX.TO vs HPYM.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	-4.57%	97.17M	Oct 2022	CMAX.TO vs HUTE.TO
ZWU.TO	BMO Covered Call Utilities ETF	-4.86%	2.17B	Oct 2011	CMAX.TO vs ZWU.TO

Other ETFs from Hamilton

The 10 most viewed Hamilton ETFs shown here include HCA.TO, LMAX.TO, QMVP.TO and span 8 categories. AUM among these funds goes as high as $1B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	Canada Equities	97	23.36%	96.00M	Jun 2020	CMAX.TO vs HCA.TO
LMAX.TO	Hamilton Healthcare Yield Maximizer ETF	Health & Biotech Equities	22	-2.28%	199.50M	Feb 2024	CMAX.TO vs LMAX.TO
QMVP.TO	Hamilton Champions U.S. Technology Index ETF	Technology Equities	—	—	—	Jan 2026	CMAX.TO vs QMVP.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	Financials Equities	96	21.13%	1.27B	Apr 2023	CMAX.TO vs HEB.TO
CWIN.TO	HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ...	Dividend	83	15.75%	—	Jan 2025	CMAX.TO vs CWIN.TO
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	64	8.73%	—	Apr 2025	CMAX.TO vs MIX.TO
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	74	15.25%	937.07M	Feb 2022	CMAX.TO vs HYLD-U.TO
HBA.TO	Hamilton Australian Bank Equal-Weight Index ETF	Financials Equities	15	-0.34%	132.00M	Jun 2020	CMAX.TO vs HBA.TO
FMAX.TO	Hamilton U.S. Financials Yield Maximizer ETF	Financials Equities	11	-5.78%	172.90M	Feb 2024	CMAX.TO vs FMAX.TO
UMVP.TO	Hamilton Champions Utilities Index ETF	Utilities Equities	—	—	—	Jan 2026	CMAX.TO vs UMVP.TO

Often Compared With CMAX.TO

Investors most often compare CMAX.TO with HUTS.TO, CRCY.TO, ENCC.TO. These 7 comparison targets span 4 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HUTS.TO	Hamilton Enhanced Utilities ETF	Utilities Equities	93	19.66%	234.40M	Sep 2022	CMAX.TO vs HUTS.TO
CRCY.TO	Harvest Circle Enhanced High Income Shares ETF Cla...	Derivative Income	—	4.52%	—	Sep 2025	CMAX.TO vs CRCY.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	89	30.00%	759.08M	Apr 2011	CMAX.TO vs ENCC.TO
AVGY.TO	Harvest Broadcom Enhanced High Income Shares ETF -...	Derivative Income	50	25.75%	—	Mar 2025	CMAX.TO vs AVGY.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	—	29.96%	—	Jul 2025	CMAX.TO vs QDAY.NEO
TXF.TO	CI Tech Giants Covered Call Common	Technology Equities, Derivative Income	83	29.65%	854.47M	Oct 2011	CMAX.TO vs TXF.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	Derivative Income	32	2.05%	—	Sep 2024	CMAX.TO vs JEPI.TO

Compare CMAX.TO with Any Fund or Stock

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

Symbol name

Diversifiers

Pair CMAX.TO with funds that move differently

Hamilton Canadian Equity YIELD MAXIMIZER ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CMAX.TO.

Explore CMAX.TO Diversifiers

Hamilton Canadian Equity YIELD MAXIMIZER ETF (CMAX.TO) Alternatives