HMAX.TO vs. QYLD
Compare and contrast key facts about Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) and Global X NASDAQ 100 Covered Call ETF (QYLD).
HMAX.TO and QYLD 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. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMAX.TO or QYLD.
Correlation
The correlation between HMAX.TO and QYLD is 0.39, 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. QYLD - Performance Comparison
Key characteristics
HMAX.TO:
2.29
QYLD:
1.90
HMAX.TO:
3.09
QYLD:
2.59
HMAX.TO:
1.44
QYLD:
1.44
HMAX.TO:
4.17
QYLD:
2.62
HMAX.TO:
13.30
QYLD:
13.91
HMAX.TO:
1.52%
QYLD:
1.46%
HMAX.TO:
8.84%
QYLD:
10.72%
HMAX.TO:
-15.34%
QYLD:
-24.75%
HMAX.TO:
-2.20%
QYLD:
0.00%
Returns By Period
In the year-to-date period, HMAX.TO achieves a 0.69% return, which is significantly lower than QYLD's 4.51% return.
HMAX.TO
0.69%
-0.84%
12.27%
20.74%
N/A
N/A
QYLD
4.51%
2.11%
12.72%
21.07%
8.00%
8.98%
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HMAX.TO vs. QYLD - Expense Ratio Comparison
HMAX.TO has a 0.65% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
HMAX.TO vs. QYLD — Risk-Adjusted Performance Rank
HMAX.TO
QYLD
HMAX.TO vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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. QYLD - Dividend Comparison
HMAX.TO's dividend yield for the trailing twelve months is around 14.11%, more than QYLD's 11.19% 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% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.19% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
HMAX.TO vs. QYLD - Drawdown Comparison
The maximum HMAX.TO drawdown since its inception was -15.34%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for HMAX.TO and QYLD. For additional features, visit the drawdowns tool.
Volatility
HMAX.TO vs. QYLD - Volatility Comparison
Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) and Global X NASDAQ 100 Covered Call ETF (QYLD) have volatilities of 2.27% and 2.25%, 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.