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CIF.TO vs. EMAX.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CIF.TO vs. EMAX.TO

Last updated Jun 4, 2026

CIF.TO (iShares Global Infrastructure Index ETF) and EMAX.TO (Hamilton Energy YIELD MAXIMIZER ETF) are both Energy Equities funds. CIF.TO is passively managed, while EMAX.TO is actively managed. Over the past year, CIF.TO returned 35.22% vs 48.14% for EMAX.TO. At a 0.31 correlation, their price movements are largely independent. CIF.TO charges 0.72%/yr vs 0.65%/yr for EMAX.TO.

Performance

CIF.TO vs. EMAX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Global Infrastructure Index ETF (CIF.TO) and Hamilton Energy YIELD MAXIMIZER ETF (EMAX.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, CIF.TO achieves a 25.20% return, which is significantly lower than EMAX.TO's 30.76% return.

CIF.TO

1D
1.03%
1M
3.28%
YTD
25.20%
6M
16.23%
1Y
35.22%
3Y*
25.10%
5Y*
18.52%
10Y*
12.99%

EMAX.TO

1D
1.73%
1M
0.51%
YTD
30.76%
6M
24.14%
1Y
48.14%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CIF.TO vs. EMAX.TO - Yearly Performance Comparison

2026 (YTD)20252024
CIF.TO
iShares Global Infrastructure Index ETF		25.20%14.45%24.45%
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETF		30.76%4.63%3.60%

Correlation

The correlation between CIF.TO and EMAX.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Feb 8, 2024

0.31

The correlation between CIF.TO and EMAX.TO shifts across timeframes, from 0.13 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

CIF.TO vs. EMAX.TO - Sectors Allocation Comparison

Sectors
CIF.TO
EMAX.TO

Utilities

46.9%

-

Industrials

31.8%

-

Energy

20.8%
100.0%

Technology

0.5%

-

Consumer Cyclical

0.5%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Real Estate

-

-

Utilities

CIF.TO
46.9%
EMAX.TO

-

Industrials

CIF.TO
31.8%
EMAX.TO

-

Energy

CIF.TO
20.8%
EMAX.TO
100.0%

Technology

CIF.TO
0.5%
EMAX.TO

-

Consumer Cyclical

CIF.TO
0.5%
EMAX.TO

-

Basic Materials

CIF.TO

-

EMAX.TO

-

Communication Services

CIF.TO

-

EMAX.TO

-

Consumer Defensive

CIF.TO

-

EMAX.TO

-

Financial Services

CIF.TO

-

EMAX.TO

-

Healthcare

CIF.TO

-

EMAX.TO

-

Real Estate

CIF.TO

-

EMAX.TO

-

Compare stocks, funds, or ETFs

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iShares Global Infrastructure Index ETF

Hamilton Energy YIELD MAXIMIZER ETF

Often compared with CIF.TO:
CIF.TO vs. VFV.TOCIF.TO vs. MLPP.LCIF.TO vs. ZQQ.TOCIF.TO vs. CWW.TOCIF.TO vs. VGTCIF.TO vs. XDIV.TOCIF.TO vs. ZGI.TO
Often compared with EMAX.TO:
EMAX.TO vs. ENCC.TOEMAX.TO vs. HDIV.TOEMAX.TO vs. QMAX.TOEMAX.TO vs. HMAX.TOEMAX.TO vs. UMAX.TOEMAX.TO vs. XEG.TOEMAX.TO vs. GLCC.TO

Return for Risk

CIF.TO vs. EMAX.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CIF.TO
CIF.TO Risk / Return Rank: 7070
Overall Rank
CIF.TO Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
CIF.TO Sortino Ratio Rank: 6767
Sortino Ratio Rank
CIF.TO Omega Ratio Rank: 7171
Omega Ratio Rank
CIF.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
CIF.TO Martin Ratio Rank: 7171
Martin Ratio Rank
EMAX.TO
EMAX.TO Risk / Return Rank: 7070
Overall Rank
EMAX.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
EMAX.TO Sortino Ratio Rank: 6868
Sortino Ratio Rank
EMAX.TO Omega Ratio Rank: 6464
Omega Ratio Rank
EMAX.TO Calmar Ratio Rank: 7777
Calmar Ratio Rank
EMAX.TO Martin Ratio Rank: 6868
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.

CIF.TO vs. EMAX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure Index ETF (CIF.TO) and Hamilton Energy YIELD MAXIMIZER ETF (EMAX.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.

CIF.TOEMAX.TODifference
Sharpe ratioReturn per unit of total volatility
2.33
2.42

-0.09

Sortino ratioReturn per unit of downside risk
3.13
3.13

0.00

Omega ratioGain probability vs. loss probability

1.43

1.39

+0.04

Calmar ratioReturn relative to maximum drawdown

3.72

3.90

-0.18

Martin ratioReturn relative to average drawdown

13.46

12.55

+0.91

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

CIF.TO vs. EMAX.TO - Sharpe Ratio Comparison

The current CIF.TO Sharpe Ratio is 2.33, which is comparable to the EMAX.TO Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of CIF.TO and EMAX.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.

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Sharpe Ratios by Period

CIF.TOEMAX.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.33

2.42

-0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.28

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.78

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.73

-0.19

Drawdowns

CIF.TO vs. EMAX.TO - Drawdown Comparison

The maximum CIF.TO drawdown since its inception was -42.37%, which is greater than EMAX.TO's maximum drawdown of -27.55%. Use the drawdown chart below to compare losses from any high point for CIF.TO and EMAX.TO.

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Drawdown Indicators

CIF.TOEMAX.TODifference

Max Drawdown

Largest peak-to-trough decline

-42.37%

-27.55%

-14.82%

Max Drawdown (1Y)

Largest decline over 1 year

-9.50%

-12.39%

+2.89%

Max Drawdown (3Y)

Largest decline over 3 years

-20.40%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-20.40%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-42.37%

—

—

Current Drawdown

Current decline from peak

-0.76%

-3.72%

+2.96%

Average Drawdown

Average peak-to-trough decline

-5.66%

-9.31%

+3.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.63%

3.85%

-1.22%

Volatility

CIF.TO vs. EMAX.TO - Volatility Comparison

The current volatility for iShares Global Infrastructure Index ETF (CIF.TO) is 5.85%, while Hamilton Energy YIELD MAXIMIZER ETF (EMAX.TO) has a volatility of 7.47%. This indicates that CIF.TO experiences smaller price fluctuations and is considered to be less risky than EMAX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CIF.TOEMAX.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.85%

7.47%

-1.62%

Volatility (6M)

Calculated over the trailing 6-month period

12.44%

15.32%

-2.88%

Volatility (1Y)

Calculated over the trailing 1-year period

15.23%

20.03%

-4.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.56%

22.41%

-7.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.69%

22.41%

-5.72%

CIF.TO vs. EMAX.TO - Expense Ratio Comparison

CIF.TO has a 0.72% expense ratio, which is higher than EMAX.TO's 0.65% expense ratio.

Dividends

CIF.TO vs. EMAX.TO - Dividend Comparison

CIF.TO's dividend yield for the trailing twelve months is around 1.77%, less than EMAX.TO's 10.25% yield.

PositionTTM20252024202320222021202020192018201720162015
CIF.TO
iShares Global Infrastructure Index ETF		1.77%2.05%2.84%2.36%2.53%2.24%2.06%1.83%2.45%2.27%1.81%2.41%
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETF		10.25%13.44%12.31%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

CIF.TO and EMAX.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

EMAX.TO is cheaper with a 0.65% expense ratio, compared with 0.72% for CIF.TO.

They also come from different issuers: iShares and Hamilton Capital. Their fees differ too: 0.72% for CIF.TO and 0.65% for EMAX.TO.

Portfolio Optimizer

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