FMAX.TO Alternatives & Similar ETFs

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

Cheapest Alternatives to FMAX.TO

FMAX.TO charges 1.07% annually. There are 15 ETFs in the Financials Equities category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
HBNK.TO	Global X Equal Weight Banks Index ETF	0.09%	—	Jul 2023	FMAX.TO vs HBNK.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	0.19%	1.44B	Apr 2023	FMAX.TO vs HEB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	0.25%	132.91M	Sep 2013	FMAX.TO vs HXF.TO
XUSF.TO	iShares S&P U.S. Financials Index ETF	0.25%	—	Sep 2023	FMAX.TO vs XUSF.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	7.20B	Oct 2009	FMAX.TO vs ZEB.TO

Best Risk-Adjusted Alternatives to FMAX.TO

FMAX.TO has a PortfoliosLab risk / return rank of 18. There are 26 ETFs in the Financials Equities category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	98	—	Feb 2022	FMAX.TO vs CBNK.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	98	—	Jul 2023	FMAX.TO vs BNKL.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	98	1.09B	Oct 2020	FMAX.TO vs HCAL.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	98	—	Jul 2023	FMAX.TO vs HBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	98	7.20B	Oct 2009	FMAX.TO vs ZEB.TO

Top Performing FMAX.TO Alternatives (YTD)

FMAX.TO is at 1.74% YTD. There are 29 ETFs in the Financials Equities category with higher YTD returns, going as high as 55.99%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	55.99%	86.75M	Jun 2007	FMAX.TO vs CFOU.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	49.92%	—	Feb 2022	FMAX.TO vs CBNK.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	46.44%	1.09B	Oct 2020	FMAX.TO vs HCAL.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	45.84%	—	Jul 2023	FMAX.TO vs BNKL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	37.31%	508.88M	Oct 2017	FMAX.TO vs RBNK.TO

Lowest Volatility Alternatives to FMAX.TO

FMAX.TO has 14.89% 1-year volatility. There are 15 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 9.22%.

Symbol	Name	Volatility 1Y	AUM	Inception
FIE.TO	iShares Canadian Financial Monthly Income ETF	9.22%	1.44B	Apr 2010	FMAX.TO vs FIE.TO
HPYB.TO	Harvest Premium Yield Canadian Bank ETF	11.82%	—	Jan 2026	FMAX.TO vs HPYB.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	11.87%	358.67M	Aug 2010	FMAX.TO vs CIC.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	12.01%	4.84B	Jan 2011	FMAX.TO vs ZWB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	12.09%	435.32M	Feb 2008	FMAX.TO vs CEW.TO

Lowest Drawdown Alternatives to FMAX.TO

FMAX.TO has a 1-year max drawdown of -15.83%. There are 24 ETFs in the Financials Equities category with shallower 1-year drawdowns, going as shallow as -7.13%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	-7.13%	435.32M	Feb 2008	FMAX.TO vs CEW.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	-7.19%	1.44B	Apr 2010	FMAX.TO vs FIE.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.34B	Mar 2001	FMAX.TO vs XFN.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	-7.82%	4.84B	Jan 2011	FMAX.TO vs ZWB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	132.91M	Sep 2013	FMAX.TO vs HXF.TO

Other ETFs from Hamilton

The 10 most viewed Hamilton ETFs shown here include HCA.TO, LMAX.TO, QMVP.TO and span 9 categories. AUM among these funds goes as high as $932M.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	Canada Equities	98	37.85%	107.00M	Jun 2020	FMAX.TO vs HCA.TO
LMAX.TO	Hamilton Healthcare Yield Maximizer ETF	Health & Biotech Equities	31	2.13%	219.20M	Feb 2024	FMAX.TO vs LMAX.TO
QMVP.TO	Hamilton Champions U.S. Technology Index ETF	Technology Equities	—	—	349.70M	Jan 2026	FMAX.TO vs QMVP.TO
CWIN.TO	HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ...	Dividend	95	21.69%	—	Jan 2025	FMAX.TO vs CWIN.TO
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	54	5.73%	—	Apr 2025	FMAX.TO vs MIX.TO
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	78	16.64%	931.81M	Feb 2022	FMAX.TO vs HYLD-U.TO
HBA.TO	Hamilton Australian Bank Equal-Weight Index ETF	Financials Equities	20	4.47%	135.50M	Jun 2020	FMAX.TO vs HBA.TO
HUTS.TO	Hamilton Enhanced Utilities ETF	Utilities Equities	90	17.34%	235.60M	Sep 2022	FMAX.TO vs HUTS.TO
UMVP.TO	Hamilton Champions Utilities Index ETF	Utilities Equities	—	—	300.40M	Jan 2026	FMAX.TO vs UMVP.TO
HBIL-U.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...	Government Bonds, Derivative Income	86	1.33%	—	Sep 2024	FMAX.TO vs HBIL-U.TO

Often Compared With FMAX.TO

Investors most often compare FMAX.TO with HMAX.TO, SMAX.TO, BKCL.TO. These 3 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	97	21.82%	2.53B	Jan 2023	FMAX.TO vs HMAX.TO
SMAX.TO	Hamilton U.S. Equity YIELD MAXIMIZER ETF	Derivative Income	91	17.34%	1.10B	Oct 2023	FMAX.TO vs SMAX.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	Financials Equities, Derivative Income	97	32.52%	198.10M	Jul 2023	FMAX.TO vs BKCL.TO

Compare FMAX.TO with Any Fund or Stock

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

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Diversifiers

Pair FMAX.TO with funds that move differently

Hamilton U.S. Financials Yield Maximizer ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FMAX.TO.

Explore FMAX.TO Diversifiers

Hamilton U.S. Financials Yield Maximizer ETF (FMAX.TO) Alternatives