Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO)
HMAX aims to generate monthly income by providing exposure to a market cap-weighted portfolio of Canadian financial services stocks, utilizing an active covered call strategy to reduce volatility and enhance dividend income.
ETF Info
40704M106
Jan 20, 2023
No Index (Active)
Distributing
Large-Cap
Blend
Expense Ratio
HMAX.TO features an expense ratio of 0.65%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of CA$10,000 in Hamilton Canadian Financials YIELD MAXIMIZER ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Hamilton Canadian Financials YIELD MAXIMIZER ETF had a return of 0.69% year-to-date (YTD) and 20.74% in the last 12 months.
HMAX.TO
0.69%
-0.84%
12.27%
20.74%
N/A
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of HMAX.TO, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.36% | 0.69% | |||||||||||
| 2024 | -0.41% | 1.48% | 3.16% | -2.57% | 2.54% | -1.61% | 5.35% | 2.53% | 4.22% | -0.43% | 6.17% | -1.08% | 20.65% |
| 2023 | 2.41% | -1.08% | -5.79% | 2.65% | -4.68% | 3.76% | 2.62% | -4.09% | -2.09% | -4.75% | 7.82% | 5.09% | 0.77% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 89, HMAX.TO is among the top 11% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Hamilton Canadian Financials YIELD MAXIMIZER ETF provided a 14.11% dividend yield over the last twelve months, with an annual payout of CA$2.04 per share.
| Period | TTM | 2024 | 2023 |
|---|---|---|---|
| Dividend | CA$2.04 | CA$2.05 | CA$2.16 |
Dividend yield | 14.11% | 14.08% | 15.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Hamilton Canadian Financials YIELD MAXIMIZER ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | CA$0.17 | CA$0.00 | CA$0.17 | ||||||||||
| 2024 | CA$0.17 | CA$0.17 | CA$0.17 | CA$0.17 | CA$0.17 | CA$0.17 | CA$0.17 | CA$0.17 | CA$0.17 | CA$0.17 | CA$0.17 | CA$0.17 | CA$2.05 |
| 2023 | CA$0.19 | CA$0.19 | CA$0.19 | CA$0.18 | CA$0.18 | CA$0.18 | CA$0.18 | CA$0.18 | CA$0.18 | CA$0.18 | CA$0.17 | CA$0.17 | CA$2.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Hamilton Canadian Financials YIELD MAXIMIZER ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Hamilton Canadian Financials YIELD MAXIMIZER ETF was 15.34%, occurring on Oct 27, 2023. Recovery took 92 trading sessions.
The current Hamilton Canadian Financials YIELD MAXIMIZER ETF drawdown is 2.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.34% | Feb 21, 2023 | 173 | Oct 27, 2023 | 92 | Mar 11, 2024 | 265 |
| -4.85% | Aug 1, 2024 | 4 | Aug 7, 2024 | 8 | Aug 19, 2024 | 12 |
| -4.47% | May 22, 2024 | 22 | Jun 20, 2024 | 15 | Jul 12, 2024 | 37 |
| -3.92% | Apr 1, 2024 | 12 | Apr 16, 2024 | 17 | May 9, 2024 | 29 |
| -3.21% | Jan 31, 2025 | 3 | Feb 4, 2025 | — | — | — |
Volatility
Volatility Chart
The current Hamilton Canadian Financials YIELD MAXIMIZER ETF volatility is 2.61%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.