HMAX.TO vs. YAVG.NEO
HMAX.TO (Hamilton Canadian Financials YIELD MAXIMIZER ETF) and YAVG.NEO (Broadcom (AVGO) Yield Shares Purpose ETF) are both Derivative Income funds. Both are actively managed. Over the past year, HMAX.TO returned 35.28% vs 133.32% for YAVG.NEO. At a 0.29 correlation, their price movements are largely independent.
Performance
HMAX.TO vs. YAVG.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, HMAX.TO achieves a 11.17% return, which is significantly lower than YAVG.NEO's 59.96% return.
HMAX.TO
- 1D
- -0.55%
- 1M
- 4.52%
- YTD
- 11.17%
- 6M
- 14.64%
- 1Y
- 35.28%
- 3Y*
- 21.76%
- 5Y*
- —
- 10Y*
- —
YAVG.NEO
- 1D
- -0.50%
- 1M
- 16.03%
- YTD
- 59.96%
- 6M
- 46.17%
- 1Y
- 133.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HMAX.TO vs. YAVG.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HMAX.TO Hamilton Canadian Financials YIELD MAXIMIZER ETF | 11.17% | 26.33% |
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF | 59.96% | 57.91% |
Correlation
The correlation between HMAX.TO and YAVG.NEO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | 0.29 |
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Return for Risk
HMAX.TO vs. YAVG.NEO — Risk / Return Rank
HMAX.TO
YAVG.NEO
HMAX.TO vs. YAVG.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) and Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO). 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.
| HMAX.TO | YAVG.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.50 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.86 | 5.18 | -0.32 |
| Martin ratioReturn relative to average drawdown | 21.27 | 15.35 | +5.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HMAX.TO | YAVG.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.56 | 2.81 | +0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | 2.03 | -0.50 |
Drawdowns
HMAX.TO vs. YAVG.NEO - Drawdown Comparison
The maximum HMAX.TO drawdown since its inception was -15.34%, smaller than the maximum YAVG.NEO drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for HMAX.TO and YAVG.NEO.
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Drawdown Indicators
| HMAX.TO | YAVG.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.34% | -39.57% | +24.23% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -25.90% | +18.61% |
Max Drawdown (3Y)Largest decline over 3 years | -12.48% | — | — |
Current DrawdownCurrent decline from peak | -0.91% | -0.50% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -8.26% | +5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 8.72% | -7.06% |
Volatility
HMAX.TO vs. YAVG.NEO - Volatility Comparison
The current volatility for Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) is 3.28%, while Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) has a volatility of 11.15%. This indicates that HMAX.TO experiences smaller price fluctuations and is considered to be less risky than YAVG.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMAX.TO | YAVG.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 11.15% | -7.87% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 37.61% | -29.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.95% | 47.84% | -37.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.42% | 52.43% | -41.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.42% | 52.43% | -41.01% |
Dividends
HMAX.TO vs. YAVG.NEO - Dividend Comparison
HMAX.TO's dividend yield for the trailing twelve months is around 11.59%, less than YAVG.NEO's 21.76% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HMAX.TO Hamilton Canadian Financials YIELD MAXIMIZER ETF | 11.59% | 12.29% | 14.08% | 15.47% |
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF | 21.76% | 8.90% | 0.00% | 0.00% |
Frequently Asked Questions
HMAX.TO and YAVG.NEO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Hamilton Capital and Purpose Investments.
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