JPEQ.AX vs. QMAX.TO
JPEQ.AX (JPMorgan US 100Q Equity Premium Income Active ETF) and QMAX.TO (Hamilton Technology YIELD MAXIMIZER ETF) are both exchange-traded funds - JPEQ.AX is a Derivative Income fund actively managed by JPMorgan, while QMAX.TO is a Technology Equities fund actively managed by Hamilton Capital. Both are actively managed. Over the past year, JPEQ.AX returned 14.54% vs 27.77% for QMAX.TO. At a 0.11 correlation, their price movements are largely independent.
Performance
JPEQ.AX vs. QMAX.TO - Performance Comparison
Loading charts...
Different Trading Currencies
JPEQ.AX is traded in AUD, while QMAX.TO is traded in CAD. To make them comparable, the QMAX.TO values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JPEQ.AX achieves a 1.25% return, which is significantly lower than QMAX.TO's 11.50% return.
JPEQ.AX
- 1D
- 0.03%
- 1M
- 4.55%
- YTD
- 1.25%
- 6M
- 1.22%
- 1Y
- 14.54%
- 3Y*
- 15.67%
- 5Y*
- —
- 10Y*
- —
QMAX.TO
- 1D
- -1.23%
- 1M
- 12.19%
- YTD
- 11.50%
- 6M
- 9.68%
- 1Y
- 27.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPEQ.AX vs. QMAX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JPEQ.AX JPMorgan US 100Q Equity Premium Income Active ETF | 1.25% | 4.62% | 36.45% | 2.56% |
QMAX.TO Hamilton Technology YIELD MAXIMIZER ETF | 11.50% | 13.29% | 39.53% | 12.52% |
Correlation
The correlation between JPEQ.AX and QMAX.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.11 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JPEQ.AX vs. QMAX.TO — Risk / Return Rank
JPEQ.AX
QMAX.TO
JPEQ.AX vs. QMAX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) 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.
| JPEQ.AX | QMAX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.09 | +0.42 |
| Martin ratioReturn relative to average drawdown | 4.05 | 2.70 | +1.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| JPEQ.AX | QMAX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.48 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 1.36 | -0.26 |
Drawdowns
JPEQ.AX vs. QMAX.TO - Drawdown Comparison
The maximum JPEQ.AX drawdown since its inception was -18.42%, smaller than the maximum QMAX.TO drawdown of -25.62%. Use the drawdown chart below to compare losses from any high point for JPEQ.AX and QMAX.TO.
Loading charts...
Drawdown Indicators
| JPEQ.AX | QMAX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.42% | -25.62% | +7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -25.62% | +16.03% |
Max Drawdown (3Y)Largest decline over 3 years | -18.42% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.23% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -5.68% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 10.32% | -6.75% |
Volatility
JPEQ.AX vs. QMAX.TO - Volatility Comparison
The current volatility for JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) is 1.55%, while Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) has a volatility of 5.12%. This indicates that JPEQ.AX experiences smaller price fluctuations and is considered to be less risky than QMAX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JPEQ.AX | QMAX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 5.12% | -3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 15.00% | -6.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.96% | 18.83% | -7.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.04% | 22.27% | -7.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.04% | 22.27% | -7.23% |
Dividends
JPEQ.AX vs. QMAX.TO - Dividend Comparison
JPEQ.AX's dividend yield for the trailing twelve months is around 8.92%, less than QMAX.TO's 9.47% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JPEQ.AX JPMorgan US 100Q Equity Premium Income Active ETF | 8.92% | 9.00% | 7.40% | 4.88% |
QMAX.TO Hamilton Technology YIELD MAXIMIZER ETF | 9.47% | 10.79% | 10.90% | 2.01% |
Frequently Asked Questions
JPEQ.AX and QMAX.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPEQ.AX is categorized as Derivative Income, while QMAX.TO is Technology Equities. They also come from different issuers: JPMorgan and Hamilton Capital.
Find the right allocation for JPEQ.AX and QMAX.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer