HUM.TO vs. LMAX.TO
HUM.TO (Hamilton U.S. Mid-Cap Financials ETF) and LMAX.TO (Hamilton Healthcare Yield Maximizer ETF) are both exchange-traded funds - HUM.TO is a Financials Equities fund actively managed by Hamilton, while LMAX.TO is a Health & Biotech Equities fund actively managed by Hamilton. Both are actively managed. Over the past year, HUM.TO returned 7.60% vs 14.87% for LMAX.TO. At a 0.10 correlation, their price movements are largely independent.
Performance
HUM.TO vs. LMAX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HUM.TO achieves a 4.01% return, which is significantly higher than LMAX.TO's 2.13% return.
HUM.TO
- 1D
- -0.47%
- 1M
- 4.45%
- 6M
- 3.19%
- YTD
- 4.01%
- 1Y
- 7.60%
- 3Y*
- 16.42%
- 5Y*
- 9.45%
- 10Y*
- —
LMAX.TO
- 1D
- 0.00%
- 1M
- 3.21%
- 6M
- -0.53%
- YTD
- 2.13%
- 1Y
- 14.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HUM.TO vs. LMAX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HUM.TO Hamilton U.S. Mid-Cap Financials ETF | 4.01% | 4.39% | 23.27% |
LMAX.TO Hamilton Healthcare Yield Maximizer ETF | 2.13% | 7.07% | 4.45% |
Correlation
The correlation between HUM.TO and LMAX.TO is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2024 | 0.10 |
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Return for Risk
HUM.TO vs. LMAX.TO — Risk / Return Rank
HUM.TO
LMAX.TO
HUM.TO vs. LMAX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton U.S. Mid-Cap Financials ETF (HUM.TO) and Hamilton Healthcare Yield Maximizer ETF (LMAX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HUM.TO | LMAX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.19 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 1.23 | -0.71 |
| Martin ratioReturn relative to average drawdown | 1.27 | 2.89 | -1.62 |
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Drawdowns
HUM.TO vs. LMAX.TO - Drawdown Comparison
The maximum HUM.TO drawdown since its inception was -49.06%, which is greater than LMAX.TO's maximum drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for HUM.TO and LMAX.TO.
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Drawdown Indicators
| HUM.TO | LMAX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.06% | -15.89% | -33.17% |
Max Drawdown (1Y)Largest decline over 1 year | -14.68% | -12.16% | -2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -31.97% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.43% | — | — |
Current DrawdownCurrent decline from peak | -13.68% | -3.47% | -10.21% |
Average DrawdownAverage peak-to-trough decline | -15.32% | -5.15% | -10.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.00% | 5.16% | +0.84% |
Volatility
HUM.TO vs. LMAX.TO - Volatility Comparison
The current volatility for Hamilton U.S. Mid-Cap Financials ETF (HUM.TO) is 4.38%, while Hamilton Healthcare Yield Maximizer ETF (LMAX.TO) has a volatility of 5.04%. This indicates that HUM.TO experiences smaller price fluctuations and is considered to be less risky than LMAX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HUM.TO | LMAX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 5.04% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 12.69% | 10.43% | +2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 14.24% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.07% | 13.89% | +48.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.46% | 13.89% | +49.57% |
Dividends
HUM.TO vs. LMAX.TO - Dividend Comparison
HUM.TO's dividend yield for the trailing twelve months is around 1.27%, less than LMAX.TO's 12.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
HUM.TO Hamilton U.S. Mid-Cap Financials ETF | 1.27% | 1.26% | 1.19% | 1.35% | 3.58% | 2.18% | 0.68% |
LMAX.TO Hamilton Healthcare Yield Maximizer ETF | 12.57% | 12.51% | 11.35% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HUM.TO and LMAX.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HUM.TO is categorized as Financials Equities, while LMAX.TO is Health & Biotech Equities.
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