EMAX.TO vs. CNYE.TO
EMAX.TO (Hamilton Energy YIELD MAXIMIZER ETF) and CNYE.TO (Harvest Coinbase Enhanced High Income Shares ETF) are both exchange-traded funds - EMAX.TO is a Energy Equities fund actively managed by Hamilton Capital, while CNYE.TO is a Derivative Income fund actively managed by Harvest. Both are actively managed. Over the past year, EMAX.TO returned 48.14% vs -45.12% for CNYE.TO. At a 0.12 correlation, their price movements are largely independent. EMAX.TO charges 0.65%/yr vs 0.40%/yr for CNYE.TO.
Performance
EMAX.TO vs. CNYE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EMAX.TO achieves a 30.76% return, which is significantly higher than CNYE.TO's -30.37% return.
EMAX.TO
- 1D
- 1.73%
- 1M
- 0.51%
- YTD
- 30.76%
- 6M
- 24.14%
- 1Y
- 48.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CNYE.TO
- 1D
- -8.20%
- 1M
- -18.94%
- YTD
- -30.37%
- 6M
- -44.48%
- 1Y
- -45.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMAX.TO vs. CNYE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMAX.TO Hamilton Energy YIELD MAXIMIZER ETF | 30.76% | 8.54% |
CNYE.TO Harvest Coinbase Enhanced High Income Shares ETF | -30.37% | -14.53% |
Correlation
The correlation between EMAX.TO and CNYE.TO is -0.02, 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 (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | 0.12 |
The correlation between EMAX.TO and CNYE.TO shifts across timeframes, from -0.02 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMAX.TO vs. CNYE.TO — Risk / Return Rank
EMAX.TO
CNYE.TO
EMAX.TO vs. CNYE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Energy YIELD MAXIMIZER ETF (EMAX.TO) and Harvest Coinbase Enhanced High Income Shares ETF (CNYE.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.
| EMAX.TO | CNYE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.01 | ||
| Sortino ratioReturn per unit of downside risk | +3.70 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.93 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | -0.63 | +4.53 |
| Martin ratioReturn relative to average drawdown | 12.55 | -1.03 | +13.58 |
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
| EMAX.TO | CNYE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | -0.59 | +3.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | -0.41 | +1.14 |
Drawdowns
EMAX.TO vs. CNYE.TO - Drawdown Comparison
The maximum EMAX.TO drawdown since its inception was -27.55%, smaller than the maximum CNYE.TO drawdown of -72.18%. Use the drawdown chart below to compare losses from any high point for EMAX.TO and CNYE.TO.
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Drawdown Indicators
| EMAX.TO | CNYE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.55% | -72.18% | +44.63% |
Max Drawdown (1Y)Largest decline over 1 year | -12.39% | -72.18% | +59.79% |
Current DrawdownCurrent decline from peak | -3.72% | -65.73% | +62.01% |
Average DrawdownAverage peak-to-trough decline | -9.31% | -33.63% | +24.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 43.64% | -39.79% |
Volatility
EMAX.TO vs. CNYE.TO - Volatility Comparison
The current volatility for Hamilton Energy YIELD MAXIMIZER ETF (EMAX.TO) is 7.47%, while Harvest Coinbase Enhanced High Income Shares ETF (CNYE.TO) has a volatility of 22.12%. This indicates that EMAX.TO experiences smaller price fluctuations and is considered to be less risky than CNYE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMAX.TO | CNYE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.47% | 22.12% | -14.65% |
Volatility (6M)Calculated over the trailing 6-month period | 15.32% | 57.85% | -42.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.03% | 77.32% | -57.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.41% | 82.63% | -60.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.41% | 82.63% | -60.22% |
EMAX.TO vs. CNYE.TO - Expense Ratio Comparison
EMAX.TO has a 0.65% expense ratio, which is higher than CNYE.TO's 0.40% expense ratio.
Dividends
EMAX.TO vs. CNYE.TO - Dividend Comparison
EMAX.TO's dividend yield for the trailing twelve months is around 10.25%, less than CNYE.TO's 90.18% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CNYE.TO Harvest Coinbase Enhanced High Income Shares ETF | 90.18% | 48.74% | 0.00% |
EMAX.TO Hamilton Energy YIELD MAXIMIZER ETF | 10.25% | 13.44% | 12.31% |
Frequently Asked Questions
EMAX.TO and CNYE.TO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNYE.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNYE.TO is cheaper with a 0.40% expense ratio, compared with 0.65% for EMAX.TO.
EMAX.TO is categorized as Energy Equities, while CNYE.TO is Derivative Income. They also come from different issuers: Hamilton Capital and Harvest. Their fees differ too: 0.65% for EMAX.TO and 0.40% for CNYE.TO.
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