ECHI.TO vs. UMAX.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO) and Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO).

ECHI.TO and UMAX.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ECHI.TO is an actively managed fund by Ninepoint. It was launched on Aug 22, 2025. UMAX.TO is an actively managed fund by Hamilton Capital. It was launched on Jun 14, 2023.

Performance

ECHI.TO vs. UMAX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO) and Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO). The values are adjusted to include any dividend payments, if applicable.

ECHI.TO vs. UMAX.TO - Yearly Performance Comparison

	2026 (YTD)	2025
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	10.27%	20.01%
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF	5.96%	1.33%

Returns By Period

In the year-to-date period, ECHI.TO achieves a 10.27% return, which is significantly higher than UMAX.TO's 5.96% return.

ECHI.TO

• 1D: 0.33%
• 1M: -1.65%
• YTD: 10.27%
• 6M: 22.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UMAX.TO

• 1D: -0.11%
• 1M: -1.83%
• YTD: 5.96%
• 6M: 6.48%
• 1Y: 12.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ECHI.TO vs. UMAX.TO - Expense Ratio Comparison

ECHI.TO has a 0.29% expense ratio, which is lower than UMAX.TO's 0.65% expense ratio.

UMAX.TO

Hamilton Utilities YIELD MAXIMIZER ETF

ECHI.TO

Ninepoint Enhanced Canadian HighShares ETF

Return for Risk

ECHI.TO vs. UMAX.TO — Risk / Return Rank

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

UMAX.TO

UMAX.TO Risk / Return Rank: 80
UMAX.TO Sharpe Ratio Rank: 82
UMAX.TO Sortino Ratio Rank: 83
UMAX.TO Omega Ratio Rank: 80
UMAX.TO Calmar Ratio Rank: 73
UMAX.TO Martin Ratio Rank: 80

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.

ECHI.TO vs. UMAX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO) 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.

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

Sharpe Ratios by Period

	ECHI.TO	UMAX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.20	0.95	+2.26

Correlation

The correlation between ECHI.TO and UMAX.TO is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ECHI.TO vs. UMAX.TO - Dividend Comparison

ECHI.TO's dividend yield for the trailing twelve months is around 8.68%, less than UMAX.TO's 14.26% yield.

	TTM	2025	2024	2023
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	8.68%	5.27%	0.00%	0.00%
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF	14.26%	14.86%	14.81%	6.96%

Drawdowns

ECHI.TO vs. UMAX.TO - Drawdown Comparison

The maximum ECHI.TO drawdown since its inception was -6.84%, smaller than the maximum UMAX.TO drawdown of -10.09%. Use the drawdown chart below to compare losses from any high point for ECHI.TO and UMAX.TO.

Drawdown Indicators

	ECHI.TO	UMAX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-6.84%	-10.09%	+3.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.23%	—
Current Drawdown Current decline from peak	-1.65%	-1.83%	+0.18%
Average Drawdown Average peak-to-trough decline	-1.40%	-2.05%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.35%	—

Volatility

Volatility by Period

	ECHI.TO	UMAX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.53%	7.74%	+10.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.53%	8.66%	+9.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.53%	8.66%	+9.87%