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BMAX.TO vs. TUG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BMAX.TO vs. TUG

Last updated Jun 5, 2026

BMAX.TO (Brompton Enhanced Multi-Asset Income ETF) and TUG (STF Tactical Growth ETF) are both Diversified Portfolio funds. Over the past 3 years, BMAX.TO returned 19.11%/yr vs 24.79%/yr for TUG. A 0.53 correlation means they provide meaningful diversification when combined. BMAX.TO charges 2.62%/yr vs 0.65%/yr for TUG.

Performance

BMAX.TO vs. TUG - 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 STF Tactical Growth ETF (TUG). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

BMAX.TO is traded in CAD, while TUG is traded in USD. To make them comparable, the TUG 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 10.24% return, which is significantly lower than TUG's 21.39% return.

BMAX.TO

1D
0.89%
1M
4.57%
YTD
10.24%
6M
10.69%
1Y
23.36%
3Y*
19.11%
5Y*
—
10Y*
—

TUG

1D
-0.42%
1M
11.44%
YTD
21.39%
6M
18.21%
1Y
41.38%
3Y*
24.79%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BMAX.TO vs. TUG - Yearly Performance Comparison

2026 (YTD)2025202420232022
BMAX.TO
Brompton Enhanced Multi-Asset Income ETF		10.24%17.88%19.42%11.56%6.10%
TUG
STF Tactical Growth ETF		21.39%14.91%29.62%35.19%-10.14%

Correlation

The correlation between BMAX.TO and TUG is 0.63, 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

0.63

Correlation (3Y)
Calculated over the trailing 3-year period

0.56

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2022

0.53

The correlation between BMAX.TO and TUG shifts across timeframes, from 0.53 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.

BMAX.TO vs. TUG - Sectors Allocation Comparison

Sectors
BMAX.TO
TUG

Financial Services

24.1%
0.3%

Technology

18.8%
54.6%

Healthcare

17.0%
4.1%

Industrials

13.0%
3.0%

Energy

7.0%
0.7%

Consumer Defensive

4.9%
7.4%

Utilities

4.4%
1.4%

Communication Services

4.3%
15.4%

Basic Materials

2.6%
1.1%

Consumer Cyclical

2.6%
12.0%

Real Estate

1.3%
0.1%

Financial Services

BMAX.TO
24.1%
TUG
0.3%

Technology

BMAX.TO
18.8%
TUG
54.6%

Healthcare

BMAX.TO
17.0%
TUG
4.1%

Industrials

BMAX.TO
13.0%
TUG
3.0%

Energy

BMAX.TO
7.0%
TUG
0.7%

Consumer Defensive

BMAX.TO
4.9%
TUG
7.4%

Utilities

BMAX.TO
4.4%
TUG
1.4%

Communication Services

BMAX.TO
4.3%
TUG
15.4%

Basic Materials

BMAX.TO
2.6%
TUG
1.1%

Consumer Cyclical

BMAX.TO
2.6%
TUG
12.0%

Real Estate

BMAX.TO
1.3%
TUG
0.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Brompton Enhanced Multi-Asset Income ETF

STF Tactical Growth ETF

Often compared with BMAX.TO:
BMAX.TO vs. HDIV.TOBMAX.TO vs. UTES.TOBMAX.TO vs. ZWQT.TOBMAX.TO vs. CLSA.TOBMAX.TO vs. BANK.TOBMAX.TO vs. HUTE.TOBMAX.TO vs. HDIF.TO
Often compared with TUG:
TUG vs. SPYTUG vs. JEPQTUG vs. QQQTUG vs. QQC.TOTUG vs. QMNNXTUG vs. HECATUG vs. TUGN

Return for Risk

BMAX.TO vs. TUG — 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: 6464
Overall Rank
BMAX.TO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
BMAX.TO Sortino Ratio Rank: 7070
Sortino Ratio Rank
BMAX.TO Omega Ratio Rank: 6868
Omega Ratio Rank
BMAX.TO Calmar Ratio Rank: 5151
Calmar Ratio Rank
BMAX.TO Martin Ratio Rank: 6262
Martin Ratio Rank
TUG
TUG Risk / Return Rank: 7070
Overall Rank
TUG Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
TUG Sortino Ratio Rank: 7171
Sortino Ratio Rank
TUG Omega Ratio Rank: 7070
Omega Ratio Rank
TUG Calmar Ratio Rank: 6565
Calmar Ratio Rank
TUG Martin Ratio Rank: 6767
Martin Ratio Rank
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. TUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) and STF Tactical Growth ETF (TUG). 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.TOTUGDifference
Sharpe ratioReturn per unit of total volatility
2.20
2.63

-0.43

Sortino ratioReturn per unit of downside risk
3.15
3.45

-0.31

Omega ratioGain probability vs. loss probability

1.40

1.46

-0.06

Calmar ratioReturn relative to maximum drawdown

2.51

3.35

-0.84

Martin ratioReturn relative to average drawdown

11.01

10.67

+0.34

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BMAX.TO vs. TUG - Sharpe Ratio Comparison

The current BMAX.TO Sharpe Ratio is 2.20, which is comparable to the TUG Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of BMAX.TO and TUG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BMAX.TOTUGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.20

2.63

-0.43

Sharpe Ratio (All Time)

Calculated using the full available price history

1.40

1.29

+0.11

Drawdowns

BMAX.TO vs. TUG - Drawdown Comparison

The maximum BMAX.TO drawdown since its inception was -15.42%, smaller than the maximum TUG drawdown of -22.09%. Use the drawdown chart below to compare losses from any high point for BMAX.TO and TUG.

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Drawdown Indicators

BMAX.TOTUGDifference

Max Drawdown

Largest peak-to-trough decline

-15.42%

-22.09%

+6.67%

Max Drawdown (1Y)

Largest decline over 1 year

-9.35%

-12.41%

+3.06%

Max Drawdown (3Y)

Largest decline over 3 years

-15.42%

-22.09%

+6.67%

Current Drawdown

Current decline from peak

-0.09%

-0.48%

+0.39%

Average Drawdown

Average peak-to-trough decline

-1.90%

-3.66%

+1.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.13%

3.89%

-1.76%

Volatility

BMAX.TO vs. TUG - Volatility Comparison

The current volatility for Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) is 3.25%, while STF Tactical Growth ETF (TUG) has a volatility of 4.22%. This indicates that BMAX.TO experiences smaller price fluctuations and is considered to be less risky than TUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BMAX.TOTUGDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

4.22%

-0.97%

Volatility (6M)

Calculated over the trailing 6-month period

8.84%

11.91%

-3.07%

Volatility (1Y)

Calculated over the trailing 1-year period

10.65%

15.78%

-5.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.13%

17.37%

-4.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.13%

17.37%

-4.24%

BMAX.TO vs. TUG - Expense Ratio Comparison

BMAX.TO has a 2.62% expense ratio, which is higher than TUG's 0.65% expense ratio.

Dividends

BMAX.TO vs. TUG - Dividend Comparison

BMAX.TO's dividend yield for the trailing twelve months is around 9.51%, more than TUG's 1.43% yield.

PositionTTM2025202420232022
BMAX.TO
Brompton Enhanced Multi-Asset Income ETF		9.51%9.70%9.64%9.55%2.41%
TUG
STF Tactical Growth ETF		1.43%1.75%4.97%1.34%1.14%

Frequently Asked Questions

BMAX.TO and TUG have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, TUG is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

TUG is cheaper with a 0.65% expense ratio, compared with 2.62% for BMAX.TO.

They also come from different issuers: Brompton Funds and STF. Their fees differ too: 2.62% for BMAX.TO and 0.65% for TUG.

Portfolio Optimizer

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