Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) Alternatives

Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.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 UMAX.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 UMAX.TO

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

Symbol	Name	Expense Ratio	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	Jul 5, 2023	UMAX.TO vs USCL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	Nov 6, 2025	UMAX.TO vs EQLI.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	Aug 22, 2025	UMAX.TO vs ECHI.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	0.35%	Sep 12, 2024	UMAX.TO vs HBIL.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	Sep 27, 2024	UMAX.TO vs JEPI.TO

Best Risk-Adjusted Alternatives to UMAX.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	UMAX.TO vs HLIF.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	97	May 16, 2011	UMAX.TO vs BKCC.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	96	Jul 5, 2023	UMAX.TO vs BKCL.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	96	Feb 3, 2017	UMAX.TO vs ZWC.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	96	Feb 1, 2022	UMAX.TO vs BANK.TO

Top Performing UMAX.TO Alternatives (YTD)

UMAX.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	UMAX.TO vs EMAX.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	30.98%	Oct 10, 2023	UMAX.TO vs ENCL.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	21.92%	Apr 11, 2011	UMAX.TO vs ENCC.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	12.55%	Oct 25, 2022	UMAX.TO vs HUTE.TO
ZWU.TO	BMO Covered Call Utilities ETF	11.68%	Oct 20, 2011	UMAX.TO vs ZWU.TO

Lowest Volatility Alternatives to UMAX.TO

UMAX.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...	1.86%	Sep 12, 2024	UMAX.TO vs HBIL.TO
ZWU.TO	BMO Covered Call Utilities ETF	9.12%	Oct 20, 2011	UMAX.TO vs ZWU.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	9.54%	Jun 8, 2022	UMAX.TO vs HLIF.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	9.62%	May 30, 2024	UMAX.TO vs HPYT.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	10.17%	Feb 3, 2017	UMAX.TO vs ZWC.TO

Lowest Drawdown Alternatives to UMAX.TO

UMAX.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	UMAX.TO vs HBIL.TO
ZWU.TO	BMO Covered Call Utilities ETF	-6.71%	Oct 20, 2011	UMAX.TO vs ZWU.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	-7.71%	May 16, 2011	UMAX.TO vs BKCC.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	-7.76%	May 30, 2024	UMAX.TO vs HPYT.TO
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	-8.29%	Sep 3, 2024	UMAX.TO vs UTES.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	92	3.20%	Jul 19, 2021	UMAX.TO vs HDIV.TO
HMAX.TO	Hamilton Canadian Financials YIELD MAXIMIZER ETF	Derivative Income	93	-3.41%	Jan 20, 2023	UMAX.TO vs HMAX.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	57	-8.12%	Feb 4, 2022	UMAX.TO vs HYLD.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Leveraged Equities	98	1.59%	Oct 14, 2020	UMAX.TO vs HCAL.TO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	27	-15.25%	Oct 25, 2023	UMAX.TO vs QMAX.TO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	3.53%	Jul 14, 2025	UMAX.TO vs CDAY.NEO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	—	-13.08%	Jul 14, 2025	UMAX.TO vs QDAY.NEO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income	84	4.61%	Feb 6, 2024	UMAX.TO vs AMAX.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	—	3.41%	Jul 14, 2025	UMAX.TO vs SDAY.NEO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	95	7.10%	Jan 24, 2025	UMAX.TO vs CMVP.TO

Often Compared With UMAX.TO

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
UTES	Virtus Reaves Utilities ETF	Utilities Equities, Actively Managed	64	1.60%	Sep 23, 2015	UMAX.TO vs UTES
UTG	Reaves Utility Income Trust		81	8.44%	—	UMAX.TO vs UTG
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	Derivative Income	72	-2.87%	May 3, 2022	UMAX.TO vs JEPQ
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	95	8.31%	Jun 12, 2017	UMAX.TO vs XDIV.TO
GDV.TO	Global Dividend Growth Split Corp.		82	-3.10%	—	UMAX.TO vs GDV.TO
QQQ	Invesco QQQ ETF	Large Cap Growth Equities	69	-5.93%	Mar 10, 1999	UMAX.TO vs QQQ
ENB-PD.TO	Enbridge Inc.		84	0.83%	—	UMAX.TO vs ENB-PD.TO
APR-UN.TO	Automotive Properties Real Estate Investment Trust		74	3.05%	—	UMAX.TO vs APR-UN.TO
ZUT.TO	BMO Equal Weight Utilities Index ETF	Utilities Equities	92	15.64%	Jan 19, 2010	UMAX.TO vs ZUT.TO
CRCY.TO	Harvest Circle Enhanced High Income Shares ETF Cla...	Derivative Income	—	1.83%	Sep 26, 2025	UMAX.TO vs CRCY.TO
QQQY.TO	Evolve NASDAQ Technology Enhanced Yield Index Fund	Derivative Income	66	-9.65%	Oct 6, 2025	UMAX.TO vs QQQY.TO
XDIV	Roundhill S&P 500 No Dividend Target ETF	S&P 500	—	-4.43%	Jul 10, 2025	UMAX.TO vs XDIV
INTY.TO	Evolve International Equity UltraYield ETF	Derivative Income	—	—	Jan 14, 2026	UMAX.TO vs INTY.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	97	9.07%	Nov 2, 2012	UMAX.TO vs VDY.TO
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	Utilities Equities	90	11.15%	Apr 12, 2011	UMAX.TO vs XUT.TO
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	46	-7.72%	Feb 4, 2022	UMAX.TO vs HYLD-U.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Derivative Income	48	-3.61%	Sep 13, 2011	UMAX.TO vs QQCC.TO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	41	-14.58%	Jan 16, 2025	UMAX.TO vs HHIS.TO
PLTE.TO	Harvest Palantir Enhanced High Income Shares ETF	Derivative Income	60	-22.82%	Jan 16, 2025	UMAX.TO vs PLTE.TO
ZWP.TO	BMO Covered Call Europe High Dividend ETF	Europe Equities, Derivative Income	34	-1.05%	Mar 1, 2018	UMAX.TO vs ZWP.TO

Compare UMAX.TO with Any Fund or Stock

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

Symbol name

Hamilton Utilities YIELD MAXIMIZER ETF

Symbol name