EACC.NEO vs. UMAX.TO
EACC.NEO (Global X MSCI EAFE Covered Call ETF) and UMAX.TO (Hamilton Utilities YIELD MAXIMIZER ETF) are both Derivative Income funds. EACC.NEO is passively managed, while UMAX.TO is actively managed. Over the past year, EACC.NEO returned 20.09% vs 14.15% for UMAX.TO. At a 0.36 correlation, their price movements are largely independent. EACC.NEO charges 0.49%/yr vs 0.65%/yr for UMAX.TO.
Performance
EACC.NEO vs. UMAX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EACC.NEO achieves a 8.26% return, which is significantly lower than UMAX.TO's 9.02% return.
EACC.NEO
- 1D
- 0.66%
- 1M
- 4.81%
- YTD
- 8.26%
- 6M
- 8.64%
- 1Y
- 20.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UMAX.TO
- 1D
- 0.22%
- 1M
- 3.55%
- YTD
- 9.02%
- 6M
- 8.76%
- 1Y
- 14.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EACC.NEO vs. UMAX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EACC.NEO Global X MSCI EAFE Covered Call ETF | 8.26% | 18.86% | 0.72% |
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF | 9.02% | 9.95% | 3.49% |
Correlation
The correlation between EACC.NEO and UMAX.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since May 22, 2024 | 0.36 |
The correlation between EACC.NEO and UMAX.TO shifts across timeframes, from 0.23 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EACC.NEO vs. UMAX.TO — Risk / Return Rank
EACC.NEO
UMAX.TO
EACC.NEO vs. UMAX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI EAFE Covered Call ETF (EACC.NEO) and Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.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.
| EACC.NEO | UMAX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.39 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.78 | -1.00 |
| Martin ratioReturn relative to average drawdown | 6.14 | 9.65 | -3.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EACC.NEO | UMAX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 2.14 | -0.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 1.01 | -0.10 |
Drawdowns
EACC.NEO vs. UMAX.TO - Drawdown Comparison
The maximum EACC.NEO drawdown since its inception was -13.35%, which is greater than UMAX.TO's maximum drawdown of -10.09%. Use the drawdown chart below to compare losses from any high point for EACC.NEO and UMAX.TO.
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Drawdown Indicators
| EACC.NEO | UMAX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.35% | -10.09% | -3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -5.11% | -6.19% |
Current DrawdownCurrent decline from peak | -0.08% | -0.25% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -2.05% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 1.48% | +1.80% |
Volatility
EACC.NEO vs. UMAX.TO - Volatility Comparison
Global X MSCI EAFE Covered Call ETF (EACC.NEO) has a higher volatility of 4.26% compared to Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) at 1.92%. This indicates that EACC.NEO's price experiences larger fluctuations and is considered to be riskier than UMAX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EACC.NEO | UMAX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 1.92% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 5.53% | +7.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.97% | 6.65% | +8.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.05% | 8.67% | +6.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 8.67% | +6.38% |
EACC.NEO vs. UMAX.TO - Expense Ratio Comparison
EACC.NEO has a 0.49% expense ratio, which is lower than UMAX.TO's 0.65% expense ratio.
Dividends
EACC.NEO vs. UMAX.TO - Dividend Comparison
EACC.NEO's dividend yield for the trailing twelve months is around 7.43%, less than UMAX.TO's 13.97% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EACC.NEO Global X MSCI EAFE Covered Call ETF | 7.43% | 7.55% | 5.12% | 0.00% |
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF | 13.97% | 14.86% | 14.81% | 6.96% |
Frequently Asked Questions
EACC.NEO and UMAX.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EACC.NEO is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EACC.NEO is cheaper with a 0.49% expense ratio, compared with 0.65% for UMAX.TO.
They also come from different issuers: Global X and Hamilton Capital. Their fees differ too: 0.49% for EACC.NEO and 0.65% for UMAX.TO.
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