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 36 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%	250.98M	Jul 2023	HMAX.TO vs USCL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	155.19M	Nov 2025	HMAX.TO vs EQLI.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	—	Aug 2025	HMAX.TO vs ECHI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	0.35%	136.22M	Sep 2024	HMAX.TO vs JEPQ.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	—	Sep 2024	HMAX.TO vs JEPI.TO

Best Risk-Adjusted Alternatives to HMAX.TO

HMAX.TO has a PortfoliosLab risk / return rank of 95. There are 7 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	98	—	Feb 2022	HMAX.TO vs CBNK.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	97	1.16B	Feb 2022	HMAX.TO vs BANK.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	97	4.65B	Jan 2011	HMAX.TO vs ZWB.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	97	197.22M	Jul 2023	HMAX.TO vs BKCL.TO

Top Performing HMAX.TO Alternatives (YTD)

HMAX.TO is at 17.83% YTD. There are 19 ETFs in the Derivative Income category with higher YTD returns, going as high as 41.95%.

Symbol	Name	YTD Return	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	41.95%	—	Feb 2022	HMAX.TO vs CBNK.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	30.80%	267.19M	Oct 2023	HMAX.TO vs ENCL.TO
YAVG.NEO	Broadcom (AVGO) Yield Shares Purpose ETF	28.52%	—	Feb 2025	HMAX.TO vs YAVG.NEO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	27.46%	1.16B	Feb 2022	HMAX.TO vs BANK.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	26.81%	197.22M	Jul 2023	HMAX.TO vs BKCL.TO

Lowest Volatility Alternatives to HMAX.TO

HMAX.TO has 10.00% 1-year volatility. There are 15 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.62%.

Symbol	Name	Volatility 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.62%	227.30M	Sep 2024	HMAX.TO vs HBIL.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	4.66%	230.93M	Jan 2024	HMAX.TO vs HPYM.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	6.88%	1.36B	Jun 2023	HMAX.TO vs UMAX.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	6.98%	—	Jun 2022	HMAX.TO vs HLIF.TO
ZWU.TO	BMO Covered Call Utilities ETF	7.68%	2.20B	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 18 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%	227.30M	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...	-3.87%	230.93M	Jan 2024	HMAX.TO vs HPYM.TO
ZWU.TO	BMO Covered Call Utilities ETF	-4.86%	2.20B	Oct 2011	HMAX.TO vs ZWU.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	-5.11%	1.36B	Jun 2023	HMAX.TO vs UMAX.TO

Other ETFs from Hamilton Capital

The 10 most viewed Hamilton Capital ETFs shown here include HYLD.TO, HCAL.TO, QDAY.NEO and span 8 categories. AUM among these funds goes as high as $1B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	64	12.62%	1.30B	Feb 2022	HMAX.TO vs HYLD.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Financials Equities, Canada Equities, Leveraged Equities	98	38.28%	1.06B	Oct 2020	HMAX.TO vs HCAL.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	—	26.03%	—	Jul 2025	HMAX.TO vs QDAY.NEO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	44	19.67%	1.01B	Oct 2023	HMAX.TO vs QMAX.TO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	17.30%	242.10M	Jul 2025	HMAX.TO vs CDAY.NEO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income, Precious Metals	25	-7.81%	504.60M	Feb 2024	HMAX.TO vs AMAX.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	—	13.74%	—	Jul 2025	HMAX.TO vs SDAY.NEO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	91	16.26%	—	Jan 2025	HMAX.TO vs CMVP.TO
SMAX.TO	Hamilton U.S. Equity YIELD MAXIMIZER ETF	Derivative Income	88	16.38%	1.09B	Oct 2023	HMAX.TO vs SMAX.TO
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	Energy Equities, Derivative Income	51	22.48%	467.50M	Feb 2024	HMAX.TO vs EMAX.TO

Often Compared With HMAX.TO

Investors most often compare HMAX.TO with HDIV.TO, HHIS.TO, HYLD. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	93	18.72%	1.70B	Jul 2021	HMAX.TO vs HDIV.TO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	23	4.33%	1.74B	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, Equal Weight	97	30.69%	6.15B	Oct 2009	HMAX.TO vs ZEB.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	24.99%	7.99B	Nov 2012	HMAX.TO vs VDY.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	72	11.93%	32.85B	Nov 2012	HMAX.TO vs VFV.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	Financials Equities, Canada Equities	90	14.56%	1.40B	Apr 2010	HMAX.TO vs FIE.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	21.65%	5.54B	Jun 2017	HMAX.TO vs XDIV.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	93	12.66%	2.35B	Feb 2017	HMAX.TO vs ZWC.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	80	12.92%	19.56B	Aug 2019	HMAX.TO vs XEQT.TO
USCL	Ishares Climate Conscious & Transition MSCI USA ET...	Large Cap Blend Equities	35	3.65%	2.56B	Jun 2023	HMAX.TO vs USCL
FTN.TO	Financial 15 Split Corp.		98	40.34%	—	—	HMAX.TO vs FTN.TO
QYLD	Global X NASDAQ 100 Covered Call ETF	Nasdaq-100, Derivative Income	84	7.89%	8.44B	Dec 2013	HMAX.TO vs QYLD
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	77	24.43%	708.27M	Apr 2011	HMAX.TO vs ENCC.TO
ZWH.TO	BMO US High Dividend Covered Call ETF	Derivative Income	82	13.02%	1.14B	Feb 2014	HMAX.TO vs ZWH.TO
HDIVX	Janus Henderson Dividend & Income Builder Fund	Foreign Large Cap Equities	56	17.11%	—	Jul 2012	HMAX.TO vs HDIVX
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities, Equal Weight	97	30.68%	—	Jul 2023	HMAX.TO vs HBNK.TO
TF.TO	Timbercreek Financial Corp.		31	0.38%	—	—	HMAX.TO vs TF.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	Derivative Income	96	21.49%	395.62M	May 2011	HMAX.TO vs BKCC.TO
CALL.TO	Evolve US Banks Enhanced Yield Fund Hedged Units		40	7.97%	157.38M	—	HMAX.TO vs CALL.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.

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Hamilton Canadian Financials Yield Maximizer ETF (HMAX.TO) Alternatives