HMAX.TO vs. HYLD
Compare and contrast key facts about Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) and High Yield ETF (HYLD).
HMAX.TO and HYLD 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. HYLD is an actively managed fund by Eve Capital. It was launched on Nov 30, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMAX.TO or HYLD.
Correlation
The correlation between HMAX.TO and HYLD is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HMAX.TO vs. HYLD - Performance Comparison
Key characteristics
Returns By Period
HMAX.TO
0.69%
-0.84%
12.27%
20.74%
N/A
N/A
HYLD
N/A
N/A
N/A
N/A
N/A
N/A
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HMAX.TO vs. HYLD - Expense Ratio Comparison
HMAX.TO has a 0.65% expense ratio, which is lower than HYLD's 1.29% expense ratio.
Risk-Adjusted Performance
HMAX.TO vs. HYLD — Risk-Adjusted Performance Rank
HMAX.TO
HYLD
HMAX.TO vs. HYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) and High Yield ETF (HYLD). 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. HYLD - Dividend Comparison
HMAX.TO's dividend yield for the trailing twelve months is around 14.11%, while HYLD has not paid dividends to shareholders.
| 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% |
HYLD High Yield ETF | 0.00% | 0.00% | 8.59% | 7.86% | 6.75% | 7.52% | 7.46% | 7.97% | 7.18% | 6.59% | 10.87% | 9.88% |
Drawdowns
HMAX.TO vs. HYLD - Drawdown Comparison
Volatility
HMAX.TO vs. HYLD - Volatility Comparison
Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) has a higher volatility of 2.27% compared to High Yield ETF (HYLD) at 0.00%. This indicates that HMAX.TO's price experiences larger fluctuations and is considered to be riskier than HYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.