AI.TO vs. HMAX.TO
AI.TO (Atrium Mortgage Investment Corporation) is a stock, while HMAX.TO (Hamilton Canadian Financials YIELD MAXIMIZER ETF) is Derivative Income fund actively managed by Hamilton Capital. Over the past 3 years, AI.TO returned 9.97%/yr vs 21.76%/yr for HMAX.TO. At a 0.48 correlation, their price movements are largely independent.
Performance
AI.TO vs. HMAX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, AI.TO achieves a 4.34% return, which is significantly lower than HMAX.TO's 11.17% return.
AI.TO
- 1D
- -0.43%
- 1M
- -2.43%
- YTD
- 4.34%
- 6M
- 6.80%
- 1Y
- 13.52%
- 3Y*
- 9.97%
- 5Y*
- 3.77%
- 10Y*
- 7.68%
HMAX.TO
- 1D
- -0.55%
- 1M
- 4.52%
- YTD
- 11.17%
- 6M
- 14.64%
- 1Y
- 35.28%
- 3Y*
- 21.76%
- 5Y*
- —
- 10Y*
- —
AI.TO vs. HMAX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AI.TO Atrium Mortgage Investment Corporation | 4.34% | 15.34% | 12.42% | 2.04% |
HMAX.TO Hamilton Canadian Financials YIELD MAXIMIZER ETF | 11.17% | 27.20% | 20.65% | 0.77% |
Correlation
The correlation between AI.TO and HMAX.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2023 | 0.48 |
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Return for Risk
AI.TO vs. HMAX.TO — Risk / Return Rank
AI.TO
HMAX.TO
AI.TO vs. HMAX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Atrium Mortgage Investment Corporation (AI.TO) and Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AI.TO | HMAX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.67 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 4.86 | -2.30 |
| Martin ratioReturn relative to average drawdown | 6.82 | 21.27 | -14.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AI.TO | HMAX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 3.56 | -2.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 1.54 | -1.11 |
Drawdowns
AI.TO vs. HMAX.TO - Drawdown Comparison
The maximum AI.TO drawdown since its inception was -53.30%, which is greater than HMAX.TO's maximum drawdown of -15.34%. Use the drawdown chart below to compare losses from any high point for AI.TO and HMAX.TO.
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Drawdown Indicators
| AI.TO | HMAX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -15.34% | -37.96% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -7.29% | +2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -13.99% | -12.48% | -1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -25.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -53.30% | — | — |
Current DrawdownCurrent decline from peak | -3.71% | -0.91% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -6.05% | -2.94% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 1.66% | +0.33% |
Volatility
AI.TO vs. HMAX.TO - Volatility Comparison
Atrium Mortgage Investment Corporation (AI.TO) and Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) have volatilities of 3.28% and 3.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AI.TO | HMAX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 3.28% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.60% | 8.55% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 9.95% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.31% | 11.42% | +4.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.52% | 11.42% | +9.10% |
Dividends
AI.TO vs. HMAX.TO - Dividend Comparison
AI.TO's dividend yield for the trailing twelve months is around 8.01%, less than HMAX.TO's 11.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AI.TO Atrium Mortgage Investment Corporation | 8.01% | 8.08% | 8.28% | 8.56% | 8.39% | 6.41% | 7.11% | 6.21% | 7.15% | 6.99% | 7.11% | 7.37% |
HMAX.TO Hamilton Canadian Financials YIELD MAXIMIZER ETF | 11.59% | 12.29% | 14.08% | 15.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AI.TO and HMAX.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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