HMAX.TO vs. VDY.TO
Compare and contrast key facts about Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO).
HMAX.TO and VDY.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. VDY.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada High Dividend Yield Index. It was launched on Nov 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMAX.TO or VDY.TO.
Correlation
The correlation between HMAX.TO and VDY.TO is 0.92, 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. VDY.TO - Performance Comparison
Key characteristics
HMAX.TO:
2.25
VDY.TO:
2.41
HMAX.TO:
3.03
VDY.TO:
3.34
HMAX.TO:
1.43
VDY.TO:
1.44
HMAX.TO:
4.10
VDY.TO:
4.09
HMAX.TO:
13.00
VDY.TO:
11.52
HMAX.TO:
1.53%
VDY.TO:
1.79%
HMAX.TO:
8.86%
VDY.TO:
8.55%
HMAX.TO:
-15.34%
VDY.TO:
-39.21%
HMAX.TO:
-2.88%
VDY.TO:
-2.77%
Returns By Period
In the year-to-date period, HMAX.TO achieves a -0.01% return, which is significantly lower than VDY.TO's 0.40% return.
HMAX.TO
-0.01%
-1.26%
10.22%
19.14%
N/A
N/A
VDY.TO
0.40%
-1.45%
8.10%
20.21%
10.93%
9.25%
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HMAX.TO vs. VDY.TO - Expense Ratio Comparison
HMAX.TO has a 0.65% expense ratio, which is higher than VDY.TO's 0.22% expense ratio.
Risk-Adjusted Performance
HMAX.TO vs. VDY.TO — Risk-Adjusted Performance Rank
HMAX.TO
VDY.TO
HMAX.TO vs. VDY.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 Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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. VDY.TO - Dividend Comparison
HMAX.TO's dividend yield for the trailing twelve months is around 14.21%, more than VDY.TO's 4.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMAX.TO Hamilton Canadian Financials YIELD MAXIMIZER ETF | 14.21% | 14.08% | 15.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 4.39% | 4.39% | 4.63% | 4.41% | 3.57% | 4.58% | 4.24% | 4.42% | 3.80% | 3.23% | 4.11% | 3.24% |
Drawdowns
HMAX.TO vs. VDY.TO - Drawdown Comparison
The maximum HMAX.TO drawdown since its inception was -15.34%, smaller than the maximum VDY.TO drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for HMAX.TO and VDY.TO. For additional features, visit the drawdowns tool.
Volatility
HMAX.TO vs. VDY.TO - Volatility Comparison
Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) have volatilities of 2.42% and 2.38%, 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.