HMAX.TO Alternatives & Similar ETFs

Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.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 HMAX.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to HMAX.TO

HMAX.TO charges 0.65% annually. There are 37 ETFs in the Derivative Income category with lower expense ratios, going 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	HMAX.TO vs USCL.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	—	Aug 2025	HMAX.TO vs ECHI.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	155.19M	Nov 2025	HMAX.TO vs EQLI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	0.35%	136.22M	Sep 2024	HMAX.TO vs JEPQ.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	0.35%	235.30M	Sep 2024	HMAX.TO vs HBIL.TO

Best Risk-Adjusted Alternatives to HMAX.TO

HMAX.TO has a PortfoliosLab risk / return rank of 91. There are 11 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	98	—	Jun 2022	HMAX.TO vs HLIF.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	96	—	Feb 2022	HMAX.TO vs CBNK.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	96	1.08B	Feb 2022	HMAX.TO vs BANK.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	95	187.53M	Jul 2023	HMAX.TO vs BKCL.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	94	370.01M	May 2011	HMAX.TO vs BKCC.TO

Top Performing HMAX.TO Alternatives (YTD)

HMAX.TO is at 11.17% YTD. There are 43 ETFs in the Derivative Income category with higher YTD returns, going as high as 59.96%.

Symbol	Name	YTD Return	AUM	Inception
YAVG.NEO	Broadcom (AVGO) Yield Shares Purpose ETF	59.96%	—	Feb 2025	HMAX.TO vs YAVG.NEO
AVGY.TO	Harvest Broadcom Enhanced High Income Shares ETF -...	42.92%	—	Mar 2025	HMAX.TO vs AVGY.TO
CNQE.TO	Harvest CNQ Enhanced High Income Shares ETF	39.35%	—	Aug 2025	HMAX.TO vs CNQE.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	36.58%	286.32M	Oct 2023	HMAX.TO vs ENCL.TO
NXF.TO	CI Energy Giants Covered Call ETF Common Units (CA...	32.43%	116.31M	Feb 2015	HMAX.TO vs NXF.TO

Lowest Volatility Alternatives to HMAX.TO

HMAX.TO has 9.95% 1-year volatility. There are 17 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	HMAX.TO vs HBIL.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	4.53%	226.83M	Jan 2024	HMAX.TO vs HPYM.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	6.65%	1.34B	Jun 2023	HMAX.TO vs UMAX.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	6.85%	—	Jun 2022	HMAX.TO vs HLIF.TO
ZWU.TO	BMO Covered Call Utilities ETF	7.59%	2.17B	Oct 2011	HMAX.TO vs ZWU.TO

Lowest Drawdown Alternatives to HMAX.TO

HMAX.TO has a 1-year max drawdown of -7.29%. There are 19 ETFs in the Derivative Income category with shallower 1-year drawdowns, going 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	HMAX.TO vs HBIL.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	-3.09%	—	Jun 2022	HMAX.TO vs HLIF.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	-3.85%	226.83M	Jan 2024	HMAX.TO vs HPYM.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	-4.57%	97.17M	Oct 2022	HMAX.TO vs HUTE.TO
ZWU.TO	BMO Covered Call Utilities ETF	-4.86%	2.17B	Oct 2011	HMAX.TO vs ZWU.TO

Other ETFs from Hamilton Capital

The 10 most viewed Hamilton Capital ETFs shown here include HDIV.TO, HYLD.TO, HCAL.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	HMAX.TO vs HDIV.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	75	15.73%	1.29B	Feb 2022	HMAX.TO vs HYLD.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Leveraged Equities	96	23.54%	959.30M	Oct 2020	HMAX.TO vs HCAL.TO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	52	22.06%	973.00M	Oct 2023	HMAX.TO vs QMAX.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	—	31.76%	—	Jul 2025	HMAX.TO vs QDAY.NEO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	13.70%	242.10M	Jul 2025	HMAX.TO vs CDAY.NEO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income	32	-1.05%	519.30M	Feb 2024	HMAX.TO vs AMAX.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	—	9.14%	—	Jul 2025	HMAX.TO vs SDAY.NEO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	79	11.91%	—	Jan 2025	HMAX.TO vs CMVP.TO
SMAX.TO	Hamilton U.S. Equity YIELD MAXIMIZER ETF	Derivative Income	94	18.79%	1.07B	Oct 2023	HMAX.TO vs SMAX.TO

Often Compared With HMAX.TO

Investors most often compare HMAX.TO with HHIS.TO, HYLD, ZEB.TO. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	32	9.32%	1.82B	Jan 2025	HMAX.TO vs HHIS.TO
HYLD	High Yield ETF	High Yield Bonds	—	—	95.91M	Nov 2010	HMAX.TO vs HYLD
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	19.22%	5.16B	Oct 2009	HMAX.TO vs ZEB.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	20.59%	7.99B	Nov 2012	HMAX.TO vs VDY.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	74	12.30%	32.85B	Nov 2012	HMAX.TO vs VFV.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	Canada Equities	93	8.54%	1.34B	Apr 2010	HMAX.TO vs FIE.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	19.17%	5.25B	Jun 2017	HMAX.TO vs XDIV.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	92	11.12%	2.30B	Feb 2017	HMAX.TO vs ZWC.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	75	12.29%	18.41B	Aug 2019	HMAX.TO vs XEQT.TO
USCL	Ishares Climate Conscious & Transition MSCI USA ET...	Large Cap Blend Equities	47	7.04%	3.00B	Jun 2023	HMAX.TO vs USCL
QYLD	Global X NASDAQ 100 Covered Call ETF	Nasdaq-100, Derivative Income	88	7.88%	8.41B	Dec 2013	HMAX.TO vs QYLD
FTN.TO	Financial 15 Split Corp.		95	13.74%	—	—	HMAX.TO vs FTN.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	85	29.01%	759.08M	Apr 2011	HMAX.TO vs ENCC.TO
ZWH.TO	BMO US High Dividend Covered Call ETF	Derivative Income	85	13.86%	1.13B	Feb 2014	HMAX.TO vs ZWH.TO
HDIVX	Janus Henderson Dividend & Income Builder Fund	Foreign Large Cap Equities	44	15.80%	—	Jul 2012	HMAX.TO vs HDIVX
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities	96	18.85%	—	Jul 2023	HMAX.TO vs HBNK.TO
TF.TO	Timbercreek Financial Corp.		33	-0.50%	—	—	HMAX.TO vs TF.TO
CALL.TO	Evolve US Banks Enhanced Yield Fund Hedged Units		31	1.20%	148.05M	—	HMAX.TO vs CALL.TO
ZWG.TO	BMO Global High Dividend Covered Call ETF	Derivative Income	64	11.46%	337.99M	Jan 2020	HMAX.TO vs ZWG.TO
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	Energy Equities, Derivative Income	70	30.76%	476.70M	Feb 2024	HMAX.TO vs EMAX.TO

Compare HMAX.TO with Any Fund or Stock

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

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Diversifiers

Pair HMAX.TO with funds that move differently

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

Explore HMAX.TO Diversifiers

Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) Alternatives