BMAX.TO vs. MDAA

Last updated Jun 4, 2026

BMAX.TO (Brompton Enhanced Multi-Asset Income ETF) and MDAA (Myriad Dynamic Asset Allocation ETF) are both Diversified Portfolio funds. A 0.77 correlation means they provide meaningful diversification when combined. BMAX.TO charges 2.62%/yr vs 0.97%/yr for MDAA.

Performance

BMAX.TO vs. MDAA - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) and Myriad Dynamic Asset Allocation ETF (MDAA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, BMAX.TO achieves a 9.27% return, which is significantly lower than MDAA's 23.68% return.

BMAX.TO

• 1D: -0.03%
• 1M: 4.64%
• YTD: 9.27%
• 6M: 9.79%
• 1Y: 22.18%
• 3Y*: 18.63%
• 5Y*: —
• 10Y*: —

MDAA

• 1D: -0.70%
• 1M: 10.40%
• YTD: 23.68%
• 6M: 22.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BMAX.TO vs. MDAA - Yearly Performance Comparison

	2026 (YTD)	2025
BMAX.TO Brompton Enhanced Multi-Asset Income ETF	9.27%	2.70%
MDAA Myriad Dynamic Asset Allocation ETF	23.68%	-1.86%

Correlation

The correlation between BMAX.TO and MDAA is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 6, 2025	0.77

Return for Risk

BMAX.TO vs. MDAA — Risk / Return Rank

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

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.

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

This table presents a comparison of risk-adjusted performance metrics for Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) and Myriad Dynamic Asset Allocation ETF (MDAA). 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.

	BMAX.TO	MDAA	Difference
Sharpe ratio: Return per unit of total volatility	2.10	—	—
Sortino ratio: Return per unit of downside risk	3.01	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	2.38	—	—
Martin ratio: Return relative to average drawdown	10.46	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BMAX.TO	MDAA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.38	1.51	-0.13

Drawdowns

BMAX.TO vs. MDAA - Drawdown Comparison

The maximum BMAX.TO drawdown since its inception was -15.42%, which is greater than MDAA's maximum drawdown of -13.18%. Use the drawdown chart below to compare losses from any high point for BMAX.TO and MDAA.

Drawdown Indicators

	BMAX.TO	MDAA	Difference
Max Drawdown Largest peak-to-trough decline	-15.42%	-13.18%	-2.24%
Max Drawdown (1Y) Largest decline over 1 year	-9.35%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.42%	—	—
Current Drawdown Current decline from peak	-0.96%	-0.70%	-0.26%
Average Drawdown Average peak-to-trough decline	-1.90%	-2.77%	+0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	—	—

Volatility

Volatility by Period

	BMAX.TO	MDAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.62%	22.73%	-12.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.13%	22.73%	-9.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.13%	22.73%	-9.60%

BMAX.TO vs. MDAA - Expense Ratio Comparison

BMAX.TO has a 2.62% expense ratio, which is higher than MDAA's 0.97% expense ratio.

Dividends

BMAX.TO vs. MDAA - Dividend Comparison

BMAX.TO's dividend yield for the trailing twelve months is around 9.59%, more than MDAA's 0.38% yield.

Position	TTM	2025	2024	2023	2022
BMAX.TO Brompton Enhanced Multi-Asset Income ETF	9.59%	9.70%	9.64%	9.55%	2.41%
MDAA Myriad Dynamic Asset Allocation ETF	0.38%	0.46%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

BMAX.TO and MDAA have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BMAX.TO or MDAA?

On fees, MDAA is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BMAX.TO or MDAA?

MDAA is cheaper with a 0.97% expense ratio, compared with 2.62% for BMAX.TO.

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

They also come from different issuers: Brompton Funds and Myriad. Their fees differ too: 2.62% for BMAX.TO and 0.97% for MDAA.