HMAX.TO vs. FIE.TO
Compare and contrast key facts about Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) and iShares Canadian Financial Monthly Income ETF (FIE.TO).
HMAX.TO and FIE.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. FIE.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Equity Tgt Alloc NR CAD. It was launched on Apr 16, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMAX.TO or FIE.TO.
Correlation
The correlation between HMAX.TO and FIE.TO is 0.95, 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. FIE.TO - Performance Comparison
Key characteristics
HMAX.TO:
2.29
FIE.TO:
3.55
HMAX.TO:
3.09
FIE.TO:
4.85
HMAX.TO:
1.44
FIE.TO:
1.72
HMAX.TO:
4.17
FIE.TO:
4.07
HMAX.TO:
13.30
FIE.TO:
21.03
HMAX.TO:
1.52%
FIE.TO:
1.24%
HMAX.TO:
8.84%
FIE.TO:
7.37%
HMAX.TO:
-15.34%
FIE.TO:
-42.24%
HMAX.TO:
-2.20%
FIE.TO:
-0.36%
Returns By Period
In the year-to-date period, HMAX.TO achieves a 0.69% return, which is significantly lower than FIE.TO's 1.46% return.
HMAX.TO
0.69%
-0.84%
12.27%
20.74%
N/A
N/A
FIE.TO
1.46%
0.48%
15.10%
26.89%
9.32%
8.65%
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HMAX.TO vs. FIE.TO - Expense Ratio Comparison
HMAX.TO has a 0.65% expense ratio, which is lower than FIE.TO's 0.85% expense ratio.
Risk-Adjusted Performance
HMAX.TO vs. FIE.TO — Risk-Adjusted Performance Rank
HMAX.TO
FIE.TO
HMAX.TO vs. FIE.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 iShares Canadian Financial Monthly Income ETF (FIE.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. FIE.TO - Dividend Comparison
HMAX.TO's dividend yield for the trailing twelve months is around 14.11%, more than FIE.TO's 5.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMAX.TO Hamilton Canadian Financials YIELD MAXIMIZER ETF | 14.11% | 14.08% | 15.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIE.TO iShares Canadian Financial Monthly Income ETF | 5.78% | 5.83% | 6.98% | 7.31% | 5.85% | 7.01% | 6.56% | 7.29% | 6.20% | 6.51% | 7.33% | 6.49% |
Drawdowns
HMAX.TO vs. FIE.TO - Drawdown Comparison
The maximum HMAX.TO drawdown since its inception was -15.34%, smaller than the maximum FIE.TO drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for HMAX.TO and FIE.TO. For additional features, visit the drawdowns tool.
Volatility
HMAX.TO vs. FIE.TO - Volatility Comparison
Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) and iShares Canadian Financial Monthly Income ETF (FIE.TO) have volatilities of 2.27% and 2.21%, 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.