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CSW-B.TO vs. HMAX.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSW-B.TO vs. HMAX.TO

Last updated Jun 5, 2026

CSW-B.TO (Corby Spirit and Wine Limited) is a stock, while HMAX.TO (Hamilton Canadian Financials Yield Maximizer ETF) is Derivative Income fund actively managed by Hamilton Capital. Over the past 3 years, CSW-B.TO returned 9.19%/yr vs 22.64%/yr for HMAX.TO. At a 0.15 correlation, their price movements are largely independent.

Performance

CSW-B.TO vs. HMAX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Corby Spirit and Wine Limited (CSW-B.TO) and Hamilton Canadian Financials Yield Maximizer ETF (HMAX.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CSW-B.TO achieves a 3.47% return, which is significantly lower than HMAX.TO's 12.57% return.

CSW-B.TO

1D
-0.42%
1M
1.36%
YTD
3.47%
6M
7.01%
1Y
18.54%
3Y*
9.19%
5Y*
1.75%
10Y*
3.77%

HMAX.TO

1D
1.26%
1M
3.82%
YTD
12.57%
6M
14.64%
1Y
37.22%
3Y*
22.64%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSW-B.TO vs. HMAX.TO - Yearly Performance Comparison

2026 (YTD)202520242023
CSW-B.TO
Corby Spirit and Wine Limited		3.47%24.68%12.32%-15.01%
HMAX.TO
Hamilton Canadian Financials Yield Maximizer ETF		12.57%27.20%20.65%0.77%

Correlation

The correlation between CSW-B.TO and HMAX.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.17

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

0.17

Correlation (All Time)
Calculated using the full available price history since Jan 24, 2023

0.15

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Corby Spirit and Wine Limited

Hamilton Canadian Financials Yield Maximizer ETF

Often compared with CSW-B.TO:
CSW-B.TO vs. BIPCSW-B.TO vs. TRP.TOCSW-B.TO vs. CDUAFCSW-B.TO vs. PPL.TOCSW-B.TO vs. CNQ.TOCSW-B.TO vs. ENB.TOCSW-B.TO vs. GEI.TO
Often compared with HMAX.TO:
HMAX.TO vs. HDIV.TOHMAX.TO vs. BANK.TOHMAX.TO vs. HHIS.TOHMAX.TO vs. HYLDHMAX.TO vs. ZEB.TOHMAX.TO vs. VDY.TOHMAX.TO vs. HYLD.TO

Return for Risk

CSW-B.TO vs. HMAX.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSW-B.TO
CSW-B.TO Risk / Return Rank: 8080
Overall Rank
CSW-B.TO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
CSW-B.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
CSW-B.TO Omega Ratio Rank: 7272
Omega Ratio Rank
CSW-B.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
CSW-B.TO Martin Ratio Rank: 8484
Martin Ratio Rank
HMAX.TO
HMAX.TO Risk / Return Rank: 9393
Overall Rank
HMAX.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
HMAX.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
HMAX.TO Omega Ratio Rank: 9595
Omega Ratio Rank
HMAX.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
HMAX.TO Martin Ratio Rank: 9292
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.

CSW-B.TO vs. HMAX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Corby Spirit and Wine Limited (CSW-B.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.

CSW-B.TOHMAX.TODifference
Sharpe ratioReturn per unit of total volatility
1.36
3.74

-2.38

Sortino ratioReturn per unit of downside risk
2.06
5.28

-3.22

Omega ratioGain probability vs. loss probability

1.24

1.71

-0.47

Calmar ratioReturn relative to maximum drawdown

3.73

5.14

-1.42

Martin ratioReturn relative to average drawdown

8.46

22.50

-14.04

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

CSW-B.TO vs. HMAX.TO - Sharpe Ratio Comparison

The current CSW-B.TO Sharpe Ratio is 1.36, which is lower than the HMAX.TO Sharpe Ratio of 3.74. The chart below compares the historical Sharpe Ratios of CSW-B.TO and HMAX.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

CSW-B.TOHMAX.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.36

3.74

-2.38

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.11

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.22

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.29

1.57

-1.28

Drawdowns

CSW-B.TO vs. HMAX.TO - Drawdown Comparison

The maximum CSW-B.TO drawdown since its inception was -70.11%, which is greater than HMAX.TO's maximum drawdown of -15.34%. Use the drawdown chart below to compare losses from any high point for CSW-B.TO and HMAX.TO.

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Drawdown Indicators

CSW-B.TOHMAX.TODifference

Max Drawdown

Largest peak-to-trough decline

-70.11%

-15.34%

-54.77%

Max Drawdown (1Y)

Largest decline over 1 year

-4.92%

-7.29%

+2.37%

Max Drawdown (3Y)

Largest decline over 3 years

-17.38%

-12.48%

-4.90%

Max Drawdown (5Y)

Largest decline over 5 years

-29.27%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-34.87%

—

—

Current Drawdown

Current decline from peak

-2.33%

0.00%

-2.33%

Average Drawdown

Average peak-to-trough decline

-16.74%

-2.94%

-13.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.15%

1.66%

+0.49%

Volatility

CSW-B.TO vs. HMAX.TO - Volatility Comparison

The current volatility for Corby Spirit and Wine Limited (CSW-B.TO) is 3.01%, while Hamilton Canadian Financials Yield Maximizer ETF (HMAX.TO) has a volatility of 3.43%. This indicates that CSW-B.TO experiences smaller price fluctuations and is considered to be less risky than HMAX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CSW-B.TOHMAX.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.01%

3.43%

-0.42%

Volatility (6M)

Calculated over the trailing 6-month period

9.18%

8.62%

+0.56%

Volatility (1Y)

Calculated over the trailing 1-year period

13.48%

10.02%

+3.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.49%

11.43%

+5.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.55%

11.43%

+6.12%

Dividends

CSW-B.TO vs. HMAX.TO - Dividend Comparison

CSW-B.TO's dividend yield for the trailing twelve months is around 6.60%, less than HMAX.TO's 11.44% yield.

PositionTTM20252024202320222021202020192018201720162015
CSW-B.TO
Corby Spirit and Wine Limited		6.60%6.47%7.05%7.21%6.43%5.11%5.22%5.91%7.72%4.04%3.84%7.97%
HMAX.TO
Hamilton Canadian Financials Yield Maximizer ETF		11.44%12.29%14.08%15.47%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

CSW-B.TO and HMAX.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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