HHIS.TO vs. UMAX.TO
HHIS.TO (Harvest Diversified High Income Shares ETF) and UMAX.TO (Hamilton Utilities YIELD MAXIMIZER ETF) are both Derivative Income funds. Both are actively managed. Over the past year, HHIS.TO returned 31.98% vs 13.44% for UMAX.TO. At a correlation of -0.02, they often move in opposite directions. HHIS.TO charges 0.00%/yr vs 0.65%/yr for UMAX.TO.
Performance
HHIS.TO vs. UMAX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HHIS.TO achieves a 9.32% return, which is significantly higher than UMAX.TO's 8.78% return.
HHIS.TO
- 1D
- -1.25%
- 1M
- 7.52%
- YTD
- 9.32%
- 6M
- 4.61%
- 1Y
- 31.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UMAX.TO
- 1D
- 0.19%
- 1M
- 3.71%
- YTD
- 8.78%
- 6M
- 8.52%
- 1Y
- 13.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HHIS.TO vs. UMAX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HHIS.TO Harvest Diversified High Income Shares ETF | 9.32% | 24.40% |
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF | 8.78% | 9.67% |
Correlation
The correlation between HHIS.TO and UMAX.TO is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2025 | -0.02 |
The correlation between HHIS.TO and UMAX.TO shifts across timeframes, from -0.16 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HHIS.TO vs. UMAX.TO — Risk / Return Rank
HHIS.TO
UMAX.TO
HHIS.TO vs. UMAX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Diversified High Income Shares ETF (HHIS.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.
| HHIS.TO | UMAX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 2.64 | -1.33 |
| Martin ratioReturn relative to average drawdown | 3.27 | 9.13 | -5.85 |
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
| HHIS.TO | UMAX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.03 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.00 | -0.25 |
Drawdowns
HHIS.TO vs. UMAX.TO - Drawdown Comparison
The maximum HHIS.TO drawdown since its inception was -31.83%, 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 HHIS.TO and UMAX.TO.
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Drawdown Indicators
| HHIS.TO | UMAX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.83% | -10.09% | -21.74% |
Max Drawdown (1Y)Largest decline over 1 year | -24.43% | -5.11% | -19.32% |
Current DrawdownCurrent decline from peak | -2.95% | -0.47% | -2.48% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -2.06% | -6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.79% | 1.50% | +8.29% |
Volatility
HHIS.TO vs. UMAX.TO - Volatility Comparison
Harvest Diversified High Income Shares ETF (HHIS.TO) has a higher volatility of 5.51% compared to Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) at 1.93%. This indicates that HHIS.TO'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
| HHIS.TO | UMAX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 1.93% | +3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 16.97% | 5.54% | +11.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.36% | 6.65% | +16.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.78% | 8.68% | +25.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.78% | 8.68% | +25.10% |
HHIS.TO vs. UMAX.TO - Expense Ratio Comparison
HHIS.TO has a 0.00% expense ratio, which is lower than UMAX.TO's 0.65% expense ratio.
Dividends
HHIS.TO vs. UMAX.TO - Dividend Comparison
HHIS.TO's dividend yield for the trailing twelve months is around 26.63%, more than UMAX.TO's 14.00% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HHIS.TO Harvest Diversified High Income Shares ETF | 26.63% | 22.88% | 0.00% | 0.00% |
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF | 14.00% | 14.86% | 14.81% | 6.96% |
Frequently Asked Questions
HHIS.TO and UMAX.TO have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HHIS.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HHIS.TO is cheaper with a 0.00% expense ratio, compared with 0.65% for UMAX.TO.
They also come from different issuers: Harvest and Hamilton Capital. Their fees differ too: 0.00% for HHIS.TO and 0.65% for UMAX.TO.
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