Hamilton U.S. Equity YIELD MAXIMIZER ETF (SMAX.TO) Alternatives

Hamilton U.S. Equity YIELD MAXIMIZER ETF (SMAX.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 SMAX.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to SMAX.TO

SMAX.TO charges 0.65% annually. Among ETFs in the Derivative Income category, these options have the lowest expense ratios among SMAX.TO alternatives.

Symbol	Name	Expense Ratio	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	Jul 5, 2023	SMAX.TO vs USCL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	Nov 6, 2025	SMAX.TO vs EQLI.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	Aug 22, 2025	SMAX.TO vs ECHI.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	Sep 27, 2024	SMAX.TO vs JEPI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	0.35%	Sep 27, 2024	SMAX.TO vs JEPQ.TO

Best Risk-Adjusted Alternatives to SMAX.TO

Among ETFs in the Derivative Income category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	97	Jun 8, 2022	SMAX.TO vs HLIF.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	97	Jul 5, 2023	SMAX.TO vs BKCL.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	97	May 16, 2011	SMAX.TO vs BKCC.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	96	Feb 1, 2022	SMAX.TO vs BANK.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	95	Feb 3, 2017	SMAX.TO vs ZWC.TO

Top Performing SMAX.TO Alternatives (YTD)

SMAX.TO alternatives from the Derivative Income category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	31.32%	Feb 6, 2024	SMAX.TO vs EMAX.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	25.17%	Oct 10, 2023	SMAX.TO vs ENCL.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	19.85%	Apr 11, 2011	SMAX.TO vs ENCC.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	13.43%	Oct 25, 2022	SMAX.TO vs HUTE.TO
ZWU.TO	BMO Covered Call Utilities ETF	11.36%	Oct 20, 2011	SMAX.TO vs ZWU.TO

Lowest Volatility Alternatives to SMAX.TO

SMAX.TO alternatives from the Derivative Income category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.85%	Sep 12, 2024	SMAX.TO vs HBIL.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	7.74%	Jun 14, 2023	SMAX.TO vs UMAX.TO
ZWU.TO	BMO Covered Call Utilities ETF	9.11%	Oct 20, 2011	SMAX.TO vs ZWU.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	9.54%	Jun 8, 2022	SMAX.TO vs HLIF.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	9.62%	May 30, 2024	SMAX.TO vs HPYT.TO

Lowest Drawdown Alternatives to SMAX.TO

SMAX.TO alternatives from the Derivative Income category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	-1.30%	Sep 12, 2024	SMAX.TO vs HBIL.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	-6.23%	Jun 14, 2023	SMAX.TO vs UMAX.TO
ZWU.TO	BMO Covered Call Utilities ETF	-6.71%	Oct 20, 2011	SMAX.TO vs ZWU.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	-7.71%	May 16, 2011	SMAX.TO vs BKCC.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	-7.76%	May 30, 2024	SMAX.TO vs HPYT.TO

Other ETFs from Hamilton Capital

Most popular Hamilton Capital ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
HDIV.TO	Hamilton Enhanced Multi-Sector Covered Call ETF	Derivative Income	91	4.82%	Jul 19, 2021	SMAX.TO vs HDIV.TO
HMAX.TO	Hamilton Canadian Financials YIELD MAXIMIZER ETF	Derivative Income	94	-0.48%	Jan 20, 2023	SMAX.TO vs HMAX.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	58	-5.90%	Feb 4, 2022	SMAX.TO vs HYLD.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Leveraged Equities	98	3.57%	Oct 14, 2020	SMAX.TO vs HCAL.TO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	30	-12.44%	Oct 25, 2023	SMAX.TO vs QMAX.TO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	6.23%	Jul 14, 2025	SMAX.TO vs CDAY.NEO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	—	-11.66%	Jul 14, 2025	SMAX.TO vs QDAY.NEO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income	84	9.22%	Feb 6, 2024	SMAX.TO vs AMAX.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	—	5.24%	Jul 14, 2025	SMAX.TO vs SDAY.NEO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	94	7.73%	Jan 24, 2025	SMAX.TO vs CMVP.TO

Often Compared With SMAX.TO

What investors most often compare with SMAX.TO, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	46	-10.04%	Jan 16, 2025	SMAX.TO vs HHIS.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	43	-2.62%	Nov 2, 2012	SMAX.TO vs VFV.TO
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	Derivative Income	68	-1.88%	May 3, 2022	SMAX.TO vs JEPQ
JEPI	JPMorgan Equity Premium Income ETF	Actively Managed, Dividend, Derivative Income	34	0.46%	May 20, 2020	SMAX.TO vs JEPI
BIGY.TO	Evolve US Equity UltraYield ETF	Large Cap Blend Equities	—	-14.92%	Sep 9, 2025	SMAX.TO vs BIGY.TO
XUS.TO	iShares Core S&P 500 Index ETF	S&P 500	42	-2.60%	Apr 10, 2013	SMAX.TO vs XUS.TO
QQQM	Invesco NASDAQ 100 ETF	Large Cap Growth Equities	66	-4.75%	Oct 13, 2020	SMAX.TO vs QQQM
QQQY	Defiance Nasdaq 100 Enhanced Options Income ETF	Options Trading, Dividend	47	-4.82%	Sep 13, 2023	SMAX.TO vs QQQY
ETSX.TO	Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged	Large Cap Blend Equities	89	0.82%	Jan 9, 2023	SMAX.TO vs ETSX.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	72	1.51%	Aug 7, 2019	SMAX.TO vs XEQT.TO
QQQY.TO	Evolve NASDAQ Technology Enhanced Yield Index Fund	Derivative Income	68	-7.00%	Oct 6, 2025	SMAX.TO vs QQQY.TO
ULTY	YieldMax Ultra Option Income Strategy ETF	Derivative Income	23	-3.10%	Feb 28, 2024	SMAX.TO vs ULTY
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	41	-2.67%	Nov 14, 2012	SMAX.TO vs ZSP.TO
XYLD	Global X S&P 500 Covered Call ETF	Derivative Income, S&P 500	51	-0.58%	Jun 24, 2013	SMAX.TO vs XYLD
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	89	10.78%	Sep 3, 2024	SMAX.TO vs UTES.TO

Compare SMAX.TO with Any Fund or Stock

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

Symbol name

Hamilton U.S. Equity YIELD MAXIMIZER ETF

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