AQLT vs. BMAX.TO

Last updated Jun 4, 2026

AQLT (iShares MSCI Global Quality Factor ETF) and BMAX.TO (Brompton Enhanced Multi-Asset Income ETF) are both exchange-traded funds - AQLT is a Global Equities fund tracking the MSCI ACWI Quality Index (Net), while BMAX.TO is a Diversified Portfolio fund managed by Brompton Funds. Over the past year, AQLT returned 29.00% vs 20.62% for BMAX.TO. A 0.78 correlation means they provide meaningful diversification when combined. AQLT charges 0.20%/yr vs 2.62%/yr for BMAX.TO.

Performance

AQLT vs. BMAX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Quality Factor ETF (AQLT) and Brompton Enhanced Multi-Asset Income ETF (BMAX.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AQLT is traded in USD, while BMAX.TO is traded in CAD. To make them comparable, the BMAX.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AQLT achieves a 12.40% return, which is significantly higher than BMAX.TO's 7.92% return.

AQLT

• 1D: -0.37%
• 1M: 4.34%
• YTD: 12.40%
• 6M: 12.67%
• 1Y: 29.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMAX.TO

• 1D: -0.43%
• 1M: 2.56%
• YTD: 7.92%
• 6M: 10.22%
• 1Y: 20.62%
• 3Y*: 17.29%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AQLT vs. BMAX.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AQLT iShares MSCI Global Quality Factor ETF	12.40%	17.65%	-3.14%
BMAX.TO Brompton Enhanced Multi-Asset Income ETF	7.92%	23.53%	-3.77%

Correlation

The correlation between AQLT and BMAX.TO is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.78

The correlation between AQLT and BMAX.TO has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.

Return for Risk

AQLT vs. BMAX.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AQLT

AQLT Risk / Return Rank: 64
AQLT Sharpe Ratio Rank: 66
AQLT Sortino Ratio Rank: 67
AQLT Omega Ratio Rank: 64
AQLT Calmar Ratio Rank: 55
AQLT Martin Ratio Rank: 67

BMAX.TO

BMAX.TO Risk / Return Rank: 59
BMAX.TO Sharpe Ratio Rank: 62
BMAX.TO Sortino Ratio Rank: 63
BMAX.TO Omega Ratio Rank: 62
BMAX.TO Calmar Ratio Rank: 48
BMAX.TO Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AQLT vs. BMAX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Quality Factor ETF (AQLT) and Brompton Enhanced Multi-Asset Income ETF (BMAX.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.

	AQLT	BMAX.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.18	1.65	+0.52
Sortino ratio: Return per unit of downside risk	3.08	2.39	+0.69
Omega ratio: Gain probability vs. loss probability	1.39	1.29	+0.10
Calmar ratio: Return relative to maximum drawdown	2.73	1.89	+0.83
Martin ratio: Return relative to average drawdown	12.25	8.50	+3.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AQLT vs. BMAX.TO - Sharpe Ratio Comparison

The current AQLT Sharpe Ratio is 2.18, which is higher than the BMAX.TO Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of AQLT and BMAX.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AQLT	BMAX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	1.65	+0.52
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	1.11	-0.02

Drawdowns

AQLT vs. BMAX.TO - Drawdown Comparison

The maximum AQLT drawdown since its inception was -16.84%, which is greater than BMAX.TO's maximum drawdown of -15.63%. Use the drawdown chart below to compare losses from any high point for AQLT and BMAX.TO.

Drawdown Indicators

	AQLT	BMAX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-16.84%	-15.63%	-1.21%
Max Drawdown (1Y) Largest decline over 1 year	-10.68%	-10.93%	+0.25%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.63%	—
Current Drawdown Current decline from peak	-0.37%	-1.61%	+1.24%
Average Drawdown Average peak-to-trough decline	-2.32%	-2.56%	+0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	2.43%	-0.06%

Volatility

AQLT vs. BMAX.TO - Volatility Comparison

iShares MSCI Global Quality Factor ETF (AQLT) and Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) have volatilities of 3.54% and 3.51%, 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.

Volatility by Period

	AQLT	BMAX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	3.51%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	10.82%	10.28%	+0.54%
Volatility (1Y) Calculated over the trailing 1-year period	13.39%	12.52%	+0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.99%	16.04%	+0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.99%	16.04%	+0.95%

AQLT vs. BMAX.TO - Expense Ratio Comparison

AQLT has a 0.20% expense ratio, which is lower than BMAX.TO's 2.62% expense ratio.

Dividends

AQLT vs. BMAX.TO - Dividend Comparison

AQLT's dividend yield for the trailing twelve months is around 0.93%, less than BMAX.TO's 9.59% yield.

Position	TTM	2025	2024	2023	2022
AQLT iShares MSCI Global Quality Factor ETF	0.93%	1.05%	0.02%	0.00%	0.00%
BMAX.TO Brompton Enhanced Multi-Asset Income ETF	9.59%	9.70%	9.64%	9.55%	2.41%

Frequently Asked Questions

Can I hold both AQLT and BMAX.TO in my portfolio?

AQLT and BMAX.TO have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AQLT or BMAX.TO?

On fees, AQLT is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AQLT or BMAX.TO?

AQLT is cheaper with a 0.20% expense ratio, compared with 2.62% for BMAX.TO.

What is the main difference between AQLT and BMAX.TO?

AQLT is categorized as Global Equities, while BMAX.TO is Diversified Portfolio. They also come from different issuers: iShares and Brompton Funds. Their fees differ too: 0.20% for AQLT and 2.62% for BMAX.TO.