HDIV.TO vs. HMAX.TO
Compare and contrast key facts about Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO) and Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO).
HDIV.TO and HMAX.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDIV.TO is an actively managed fund by Hamilton Capital. It was launched on Jul 19, 2021. HMAX.TO is an actively managed fund by Hamilton Capital. It was launched on Jan 20, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HDIV.TO or HMAX.TO.
Correlation
The correlation between HDIV.TO and HMAX.TO is 0.66, 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.
Performance
HDIV.TO vs. HMAX.TO - Performance Comparison
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Key characteristics
HDIV.TO:
0.99
HMAX.TO:
1.36
HDIV.TO:
1.38
HMAX.TO:
1.84
HDIV.TO:
1.21
HMAX.TO:
1.28
HDIV.TO:
1.14
HMAX.TO:
1.44
HDIV.TO:
5.18
HMAX.TO:
5.66
HDIV.TO:
3.20%
HMAX.TO:
3.17%
HDIV.TO:
16.94%
HMAX.TO:
13.13%
HDIV.TO:
-22.33%
HMAX.TO:
-15.34%
HDIV.TO:
-1.00%
HMAX.TO:
-0.89%
Returns By Period
In the year-to-date period, HDIV.TO achieves a 3.67% return, which is significantly higher than HMAX.TO's 2.04% return.
HDIV.TO
3.67%
10.03%
3.08%
16.71%
N/A
N/A
HMAX.TO
2.04%
10.28%
3.31%
17.78%
N/A
N/A
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HDIV.TO vs. HMAX.TO - Expense Ratio Comparison
HDIV.TO has a 0.00% expense ratio, which is lower than HMAX.TO's 0.65% expense ratio.
Risk-Adjusted Performance
HDIV.TO vs. HMAX.TO — Risk-Adjusted Performance Rank
HDIV.TO
HMAX.TO
HDIV.TO vs. HMAX.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.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.
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Dividends
HDIV.TO vs. HMAX.TO - Dividend Comparison
HDIV.TO's dividend yield for the trailing twelve months is around 11.87%, less than HMAX.TO's 14.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
HDIV.TO Hamilton Enhanced Multi-Sector Covered Call ETF | 11.87% | 11.38% | 10.41% | 9.64% | 3.37% |
HMAX.TO Hamilton Canadian Financials YIELD MAXIMIZER ETF | 14.32% | 14.08% | 15.47% | 0.00% | 0.00% |
Drawdowns
HDIV.TO vs. HMAX.TO - Drawdown Comparison
The maximum HDIV.TO drawdown since its inception was -22.33%, 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 HDIV.TO and HMAX.TO. For additional features, visit the drawdowns tool.
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Volatility
HDIV.TO vs. HMAX.TO - Volatility Comparison
Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO) and Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) have volatilities of 2.83% and 2.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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