HYLD vs. HMAX.TO

Last updated Apr 1, 2026

Compare and contrast key facts about High Yield ETF (HYLD) and Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO).

HYLD and HMAX.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYLD is an actively managed fund by Eve Capital. It was launched on Nov 30, 2010. HMAX.TO is an actively managed fund by Hamilton Capital. It was launched on Jan 20, 2023.

Performance

HYLD vs. HMAX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in High Yield ETF (HYLD) and Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO). The values are adjusted to include any dividend payments, if applicable.

HYLD vs. HMAX.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HYLD High Yield ETF	0.00%	0.00%	0.00%	-1.97%
HMAX.TO Hamilton Canadian Financials YIELD MAXIMIZER ETF	-4.74%	33.30%	11.12%	1.69%

Different Trading Currencies

HYLD is traded in USD, while HMAX.TO is traded in CAD. To make them comparable, the HMAX.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

HYLD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HMAX.TO

• 1D: 0.00%
• 1M: -6.82%
• YTD: -4.70%
• 6M: 5.30%
• 1Y: 30.00%
• 3Y*: 15.00%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYLD vs. HMAX.TO - Expense Ratio Comparison

HYLD has a 1.29% expense ratio, which is higher than HMAX.TO's 0.65% expense ratio.

HYLD

High Yield ETF

HMAX.TO

Hamilton Canadian Financials YIELD MAXIMIZER ETF

Return for Risk

HYLD vs. HMAX.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HMAX.TO

HMAX.TO Risk / Return Rank: 93
HMAX.TO Sharpe Ratio Rank: 93
HMAX.TO Sortino Ratio Rank: 93
HMAX.TO Omega Ratio Rank: 94
HMAX.TO Calmar Ratio Rank: 91
HMAX.TO Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYLD vs. HMAX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for High Yield ETF (HYLD) and Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HYLD	HMAX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.88	—

Correlation

The correlation between HYLD and HMAX.TO is 0.19, 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.

Dividends

HYLD vs. HMAX.TO - Dividend Comparison

HYLD has not paid dividends to shareholders, while HMAX.TO's dividend yield for the trailing twelve months is around 12.91%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYLD High Yield ETF	0.00%	0.00%	0.00%	4.67%	7.86%	6.45%	7.52%	7.46%	7.97%	7.18%	6.59%	10.87%
HMAX.TO Hamilton Canadian Financials YIELD MAXIMIZER ETF	12.91%	12.29%	14.08%	15.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	HYLD	HMAX.TO	Difference
Max Drawdown Largest peak-to-trough decline	—	-15.34%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.02%	—
Current Drawdown Current decline from peak	—	-6.53%	—
Average Drawdown Average peak-to-trough decline	—	-3.07%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.13%	—

Volatility

Volatility by Period

	HYLD	HMAX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.87%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.70%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.70%	—