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Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) Sharpe Ratio: 2.17

ETF · Currency in CAD · Last updated Jun 4, 2026

QMAX aims to provide attractive monthly income through a portfolio focused on large-cap U.S. technology equities, employing an active covered call strategy to reduce volatility and enhance dividend income.

QMAX.TO's Sharpe Ratio of 2.17 indicates that for each unit of volatility, it generates 2.17 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

QMAX.TO Sharpe Ratio Rank

QMAX.TO Sharpe Ratio Rank: 63.864
Above Average

QMAX.TO ranks above 63.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

QMAX.TO Sharpe Ratio Market Positioning

The chart shows QMAX.TO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.85 or lower
  • Yellow zone (middle 50%): 0.85 to 2.40
  • Green zone (top 25%): 2.40 or higher
  • Top 1%: 7.85+
  • Median: 1.69 — half of all investments score higher

How it compares to other similar ETFs

The table compares Hamilton Technology YIELD MAXIMIZER ETF's Sharpe Ratio with other ETFs in the Technology Equities, Derivative Income category across multiple time periods, showing how QMAX.TO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
XCHP.TOiShares Semiconductor Index ETF5.86
HLIF.TOHarvest Canadian Equity Income Leaders ETF Class A5.30
CBNK.TOMulvihill Canadian Bank Enhanced Yield ETF5.12
BANK.TOEvolve Canadian Banks and Lifecos Enhanced Yield Index Fund4.59
CHPS.TOGlobal X Artificial Intelligence Semiconductor Index ETF4.30
BKCL.TOGlobal X Enhanced Equal Weight Canadian Banks Covered Call ETF4.25
GOGY.TOHarvest Alphabet Enhanced High Income Shares ETF Class A Units4.08
BKCC.TOGlobal X Equal Weight Canadian Bank Covered Call ETF4.06
CHPS-U.TOGlobal X Artificial Intelligence Semiconductor Index ETF3.92
YGOG.NEOAlphabet (GOOGL) Yield Shares Purpose ETF3.77
QMAX.TOHamilton Technology YIELD MAXIMIZER ETF2.17

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows QMAX.TO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when QMAX.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does QMAX.TO fit in your portfolio?

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