CANY.TO vs. HMAX.TO

Last updated Jun 9, 2026

CANY.TO (Evolve Canadian Equity UltraYield ETF) and HMAX.TO (Hamilton Canadian Financials Yield Maximizer ETF) are both Derivative Income funds. Both are actively managed. CANY.TO charges 0.40%/yr vs 0.65%/yr for HMAX.TO.

Performance

CANY.TO vs. HMAX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Canadian Equity UltraYield ETF (CANY.TO) and Hamilton Canadian Financials Yield Maximizer ETF (HMAX.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CANY.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HMAX.TO

• 1D: 0.40%
• 1M: 4.15%
• YTD: 12.95%
• 6M: 15.03%
• 1Y: 36.83%
• 3Y*: 22.44%
• 5Y*: —
• 10Y*: —

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

Return for Risk

CANY.TO vs. HMAX.TO — Risk / Return Rank

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

HMAX.TO

HMAX.TO Risk / Return Rank: 94
HMAX.TO Sharpe Ratio Rank: 96
HMAX.TO Sortino Ratio Rank: 96
HMAX.TO Omega Ratio Rank: 95
HMAX.TO Calmar Ratio Rank: 90
HMAX.TO Martin Ratio Rank: 93

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.

CANY.TO vs. HMAX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Canadian Equity UltraYield ETF (CANY.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CANY.TO	HMAX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.58	—

Drawdowns

Drawdown Indicators

	CANY.TO	HMAX.TO	Difference
Max Drawdown Largest peak-to-trough decline	—	-15.34%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.29%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.51%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-2.93%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.66%	—

Volatility

Volatility by Period

	CANY.TO	HMAX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.03%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	11.43%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	11.43%	—

CANY.TO vs. HMAX.TO - Expense Ratio Comparison

CANY.TO has a 0.40% expense ratio, which is lower than HMAX.TO's 0.65% expense ratio.

Dividends

CANY.TO vs. HMAX.TO - Dividend Comparison

CANY.TO has not paid dividends to shareholders, while HMAX.TO's dividend yield for the trailing twelve months is around 11.40%.

Position	TTM	2025	2024	2023
CANY.TO Evolve Canadian Equity UltraYield ETF	0.00%	0.00%	0.00%	0.00%
HMAX.TO Hamilton Canadian Financials Yield Maximizer ETF	11.40%	12.29%	14.08%	15.47%

Frequently Asked Questions

Which ETF is better, CANY.TO or HMAX.TO?

On fees, CANY.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CANY.TO or HMAX.TO?

CANY.TO is cheaper with a 0.40% expense ratio, compared with 0.65% for HMAX.TO.

What is the main difference between CANY.TO and HMAX.TO?

They also come from different issuers: Evolve and Hamilton Capital. Their fees differ too: 0.40% for CANY.TO and 0.65% for HMAX.TO.