HTAE.TO vs. QMAX.TO
Compare and contrast key facts about Harvest Tech Achievers Enhanced Income ETF - Class A Units (HTAE.TO) and Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO).
HTAE.TO and QMAX.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HTAE.TO is an actively managed fund by Harvest. It was launched on Oct 20, 2022. QMAX.TO is an actively managed fund by Hamilton Capital. It was launched on Oct 25, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HTAE.TO or QMAX.TO.
Correlation
The correlation between HTAE.TO and QMAX.TO is 0.88, 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
HTAE.TO vs. QMAX.TO - Performance Comparison
Key characteristics
HTAE.TO:
0.86
QMAX.TO:
1.28
HTAE.TO:
1.27
QMAX.TO:
1.77
HTAE.TO:
1.17
QMAX.TO:
1.23
HTAE.TO:
1.24
QMAX.TO:
1.62
HTAE.TO:
4.20
QMAX.TO:
5.19
HTAE.TO:
5.03%
QMAX.TO:
5.37%
HTAE.TO:
24.66%
QMAX.TO:
21.87%
HTAE.TO:
-17.04%
QMAX.TO:
-17.20%
HTAE.TO:
-5.75%
QMAX.TO:
-5.89%
Returns By Period
In the year-to-date period, HTAE.TO achieves a 0.22% return, which is significantly higher than QMAX.TO's -1.32% return.
HTAE.TO
0.22%
-5.75%
4.52%
15.81%
N/A
N/A
QMAX.TO
-1.32%
-5.23%
14.34%
23.63%
N/A
N/A
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HTAE.TO vs. QMAX.TO - Expense Ratio Comparison
HTAE.TO has a 2.49% expense ratio, which is higher than QMAX.TO's 0.65% expense ratio.
Risk-Adjusted Performance
HTAE.TO vs. QMAX.TO — Risk-Adjusted Performance Rank
HTAE.TO
QMAX.TO
HTAE.TO vs. QMAX.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Tech Achievers Enhanced Income ETF - Class A Units (HTAE.TO) and Hamilton Technology YIELD MAXIMIZER ETF (QMAX.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
HTAE.TO vs. QMAX.TO - Dividend Comparison
HTAE.TO's dividend yield for the trailing twelve months is around 10.26%, less than QMAX.TO's 15.51% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
HTAE.TO Harvest Tech Achievers Enhanced Income ETF - Class A Units | 10.26% | 10.01% | 9.38% | 2.20% |
QMAX.TO Hamilton Technology YIELD MAXIMIZER ETF | 15.51% | 14.95% | 2.69% | 0.00% |
Drawdowns
HTAE.TO vs. QMAX.TO - Drawdown Comparison
The maximum HTAE.TO drawdown since its inception was -17.04%, roughly equal to the maximum QMAX.TO drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for HTAE.TO and QMAX.TO. For additional features, visit the drawdowns tool.
Volatility
HTAE.TO vs. QMAX.TO - Volatility Comparison
Harvest Tech Achievers Enhanced Income ETF - Class A Units (HTAE.TO) has a higher volatility of 7.15% compared to Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) at 5.00%. This indicates that HTAE.TO's price experiences larger fluctuations and is considered to be riskier than QMAX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.