HMAX.TO vs. BANK.TO
Compare and contrast key facts about Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO).
HMAX.TO and BANK.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HMAX.TO is an actively managed fund by Hamilton Capital. It was launched on Jan 20, 2023. BANK.TO is a passively managed fund by Evolve that tracks the performance of the Solactive Canadian Core Financials Equal Weight Index. It was launched on Feb 1, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMAX.TO or BANK.TO.
Correlation
The correlation between HMAX.TO and BANK.TO is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HMAX.TO vs. BANK.TO - Performance Comparison
Key characteristics
HMAX.TO:
2.29
BANK.TO:
2.50
HMAX.TO:
3.09
BANK.TO:
3.30
HMAX.TO:
1.44
BANK.TO:
1.46
HMAX.TO:
4.17
BANK.TO:
2.73
HMAX.TO:
13.30
BANK.TO:
11.05
HMAX.TO:
1.52%
BANK.TO:
2.47%
HMAX.TO:
8.84%
BANK.TO:
10.94%
HMAX.TO:
-15.34%
BANK.TO:
-29.03%
HMAX.TO:
-2.20%
BANK.TO:
-1.67%
Returns By Period
In the year-to-date period, HMAX.TO achieves a 0.69% return, which is significantly higher than BANK.TO's 0.61% return.
HMAX.TO
0.69%
-0.84%
12.27%
20.74%
N/A
N/A
BANK.TO
0.61%
0.36%
18.53%
27.99%
N/A
N/A
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HMAX.TO vs. BANK.TO - Expense Ratio Comparison
HMAX.TO has a 0.65% expense ratio, which is higher than BANK.TO's 0.60% expense ratio.
Risk-Adjusted Performance
HMAX.TO vs. BANK.TO — Risk-Adjusted Performance Rank
HMAX.TO
BANK.TO
HMAX.TO vs. BANK.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.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.
Dividends
HMAX.TO vs. BANK.TO - Dividend Comparison
HMAX.TO's dividend yield for the trailing twelve months is around 14.11%, less than BANK.TO's 15.52% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
HMAX.TO Hamilton Canadian Financials YIELD MAXIMIZER ETF | 14.11% | 14.08% | 15.47% | 0.00% |
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 15.52% | 15.28% | 13.60% | 10.52% |
Drawdowns
HMAX.TO vs. BANK.TO - Drawdown Comparison
The maximum HMAX.TO drawdown since its inception was -15.34%, smaller than the maximum BANK.TO drawdown of -29.03%. Use the drawdown chart below to compare losses from any high point for HMAX.TO and BANK.TO. For additional features, visit the drawdowns tool.
Volatility
HMAX.TO vs. BANK.TO - Volatility Comparison
The current volatility for Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) is 2.27%, while Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) has a volatility of 3.27%. This indicates that HMAX.TO experiences smaller price fluctuations and is considered to be less risky than BANK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.