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

ETF · Currency in CAD · Last updated Jul 16, 2026

The Hamilton U.S. Financials Yield Maximizer ETF is designed to deliver attractive monthly income while providing exposure to an equal-weight portfolio of U.S. financial services companies. To reduce volatility and augment dividend income, FMAX employs an active covered call strategy.

Looking to diversify beyond FMAX.TO? The ETFs below have the lowest correlation with FMAX.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FMAX.TO.

Best Diversifiers for FMAX.TO

5 ETFs have low correlation with FMAX.TO (below 0.3), 1 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
HUTS.TO
Hamilton Enhanced Utilities ETF-0.07——
90
Utilities EquitiesFMAX.TO vs HUTS.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...0.06——
86
Government Bonds, Derivative IncomeFMAX.TO vs HBIL-U.TO
CWIN.TO
HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ...0.22——
95
DividendFMAX.TO vs CWIN.TO
HXF.TO
Global X S&P/TSX Capped Financials Index Corporate...0.22——
97
Financials EquitiesFMAX.TO vs HXF.TO
MIX.TO
Hamilton Enhanced Mixed Asset ETF0.29——
54
Diversified PortfolioFMAX.TO vs MIX.TO
See all 23 diversifiers for FMAX.TO

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Diversification Analysis

Build a portfolio that complements FMAX.TO

Add FMAX.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with FMAX.TO