FMAX.TO vs. QMVP.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Hamilton U.S. Financials Yield Maximizer ETF (FMAX.TO) and Hamilton Champions U.S. Technology Index ETF (QMVP.TO).

FMAX.TO and QMVP.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMAX.TO is an actively managed fund by Hamilton. It was launched on Feb 6, 2024. QMVP.TO is a passively managed fund by Hamilton that tracks the performance of the Solactive Hamilton Champions U.S. Technology Index. It was launched on Jan 20, 2026.

Performance

FMAX.TO vs. QMVP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton U.S. Financials Yield Maximizer ETF (FMAX.TO) and Hamilton Champions U.S. Technology Index ETF (QMVP.TO). The values are adjusted to include any dividend payments, if applicable.

FMAX.TO vs. QMVP.TO - Yearly Performance Comparison

	2026 (YTD)
FMAX.TO Hamilton U.S. Financials Yield Maximizer ETF	-8.69%
QMVP.TO Hamilton Champions U.S. Technology Index ETF	-8.05%

Returns By Period

FMAX.TO

• 1D: 0.49%
• 1M: -1.61%
• YTD: -9.81%
• 6M: -7.70%
• 1Y: -4.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QMVP.TO

• 1D: 3.75%
• 1M: -2.61%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FMAX.TO vs. QMVP.TO - Expense Ratio Comparison

FMAX.TO has a 1.07% expense ratio, which is higher than QMVP.TO's 0.19% expense ratio.

FMAX.TO

Hamilton U.S. Financials Yield Maximizer ETF

QMVP.TO

Hamilton Champions U.S. Technology Index ETF

Return for Risk

FMAX.TO vs. QMVP.TO — Risk / Return Rank

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

FMAX.TO

FMAX.TO Risk / Return Rank: 7
FMAX.TO Sharpe Ratio Rank: 8
FMAX.TO Sortino Ratio Rank: 7
FMAX.TO Omega Ratio Rank: 7
FMAX.TO Calmar Ratio Rank: 8
FMAX.TO Martin Ratio Rank: 6

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.

FMAX.TO vs. QMVP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton U.S. Financials Yield Maximizer ETF (FMAX.TO) and Hamilton Champions U.S. Technology Index ETF (QMVP.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.

	FMAX.TO	QMVP.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.22	—	—
Sortino ratio Return per unit of downside risk	-0.16	—	—
Omega ratio Gain probability vs. loss probability	0.98	—	—
Calmar ratio Return relative to maximum drawdown	-0.27	—	—
Martin ratio Return relative to average drawdown	-0.77	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FMAX.TO	QMVP.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	-1.60	+2.38

Correlation

The correlation between FMAX.TO and QMVP.TO is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FMAX.TO vs. QMVP.TO - Dividend Comparison

FMAX.TO's dividend yield for the trailing twelve months is around 11.57%, more than QMVP.TO's 0.07% yield.

	TTM	2025	2024
FMAX.TO Hamilton U.S. Financials Yield Maximizer ETF	11.57%	11.03%	9.19%
QMVP.TO Hamilton Champions U.S. Technology Index ETF	0.07%	0.00%	0.00%

Drawdowns

FMAX.TO vs. QMVP.TO - Drawdown Comparison

The maximum FMAX.TO drawdown since its inception was -17.84%, which is greater than QMVP.TO's maximum drawdown of -12.77%. Use the drawdown chart below to compare losses from any high point for FMAX.TO and QMVP.TO.

Drawdown Indicators

	FMAX.TO	QMVP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-17.84%	-12.77%	-5.07%
Max Drawdown (1Y) Largest decline over 1 year	-15.83%	—	—
Current Drawdown Current decline from peak	-12.66%	-9.50%	-3.16%
Average Drawdown Average peak-to-trough decline	-3.63%	-6.27%	+2.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.53%	—	—

Volatility

Volatility by Period

	FMAX.TO	QMVP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.32%	22.51%	-3.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.31%	22.51%	-6.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.31%	22.51%	-6.20%