CMAX.TO vs. YAVG.NEO

Last updated Jun 5, 2026

CMAX.TO (Hamilton Canadian Equity YIELD MAXIMIZER ETF) and YAVG.NEO (Broadcom (AVGO) Yield Shares Purpose ETF) are both Derivative Income funds. Both are actively managed. At a 0.10 correlation, their price movements are largely independent.

Performance

CMAX.TO vs. YAVG.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Canadian Equity YIELD MAXIMIZER ETF (CMAX.TO) and Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CMAX.TO

• 1D: 0.68%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

YAVG.NEO

• 1D: -10.74%
• 1M: 0.69%
• YTD: 42.78%
• 6M: 30.18%
• 1Y: 105.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CMAX.TO vs. YAVG.NEO - Yearly Performance Comparison

	2026 (YTD)
CMAX.TO Hamilton Canadian Equity YIELD MAXIMIZER ETF	2.22%
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF	0.44%

Correlation

The correlation between CMAX.TO and YAVG.NEO is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 12, 2026	0.10

Return for Risk

CMAX.TO vs. YAVG.NEO — Risk / Return Rank

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

YAVG.NEO

YAVG.NEO Risk / Return Rank: 70
YAVG.NEO Sharpe Ratio Rank: 67
YAVG.NEO Sortino Ratio Rank: 64
YAVG.NEO Omega Ratio Rank: 71
YAVG.NEO Calmar Ratio Rank: 80
YAVG.NEO Martin Ratio Rank: 67

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.

CMAX.TO vs. YAVG.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Canadian Equity YIELD MAXIMIZER ETF (CMAX.TO) and Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO). 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

	CMAX.TO	YAVG.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.05	1.67	+2.38

Drawdowns

CMAX.TO vs. YAVG.NEO - Drawdown Comparison

The maximum CMAX.TO drawdown since its inception was -1.48%, smaller than the maximum YAVG.NEO drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for CMAX.TO and YAVG.NEO.

Drawdown Indicators

	CMAX.TO	YAVG.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-1.48%	-39.57%	+38.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.90%	—
Current Drawdown Current decline from peak	0.00%	-11.18%	+11.18%
Average Drawdown Average peak-to-trough decline	-0.51%	-8.27%	+7.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.75%	—

Volatility

Volatility by Period

	CMAX.TO	YAVG.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	39.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.82%	49.06%	-39.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.82%	53.26%	-43.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.82%	53.26%	-43.44%

Dividends

CMAX.TO vs. YAVG.NEO - Dividend Comparison

CMAX.TO's dividend yield for the trailing twelve months is around 0.90%, less than YAVG.NEO's 24.38% yield.

Position	TTM	2025
CMAX.TO Hamilton Canadian Equity YIELD MAXIMIZER ETF	0.90%	0.00%
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF	24.38%	8.90%

Frequently Asked Questions

Can I hold both CMAX.TO and YAVG.NEO in my portfolio?

CMAX.TO and YAVG.NEO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between CMAX.TO and YAVG.NEO?

They also come from different issuers: Hamilton and Purpose Investments.