LIFE.TO vs. LMAX.TO
LIFE.TO (Evolve Global Healthcare Enhanced Yield Fund) and LMAX.TO (Hamilton Healthcare Yield Maximizer ETF) are both Health & Biotech Equities funds. LIFE.TO is passively managed, while LMAX.TO is actively managed. Over the past year, LIFE.TO returned 6.84% vs 17.37% for LMAX.TO. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.65% expense ratio.
Performance
LIFE.TO vs. LMAX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, LIFE.TO achieves a -1.74% return, which is significantly lower than LMAX.TO's 5.05% return.
LIFE.TO
- 1D
- 0.68%
- 1M
- 3.88%
- 6M
- -3.69%
- YTD
- -1.74%
- 1Y
- 6.84%
- 3Y*
- 4.92%
- 5Y*
- 4.41%
- 10Y*
- —
- ALL TIME*
- 7.58%
LMAX.TO
- 1D
- 1.08%
- 1M
- 4.06%
- 6M
- 3.52%
- YTD
- 5.05%
- 1Y
- 17.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$360.47K | CA$315.51K | CA$445.64K | |
| CA$836.12K | CA$861.26K | CA$919.85K |
LIFE.TO vs. LMAX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LIFE.TO Evolve Global Healthcare Enhanced Yield Fund | -1.74% | 12.76% | -2.90% |
LMAX.TO Hamilton Healthcare Yield Maximizer ETF | 5.05% | 7.07% | 4.45% |
Correlation
The correlation between LIFE.TO and LMAX.TO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2024 | 0.81 |
The correlation between LIFE.TO and LMAX.TO has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
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Return for Risk
LIFE.TO vs. LMAX.TO — Risk / Return Rank
LIFE.TO
LMAX.TO
LIFE.TO vs. LMAX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Global Healthcare Enhanced Yield Fund (LIFE.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.
| LIFE.TO | LMAX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.22 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 1.43 | -0.92 |
| Martin ratioReturn relative to average drawdown | 1.20 | 3.37 | -2.17 |
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Drawdowns
LIFE.TO vs. LMAX.TO - Drawdown Comparison
The maximum LIFE.TO drawdown since its inception was -20.04%, 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 LIFE.TO and LMAX.TO.
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Drawdown Indicators
| LIFE.TO | LMAX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.04% | -15.89% | -4.15% |
Max Drawdown (1Y)Largest decline over 1 year | -13.29% | -12.16% | -1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -16.33% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.33% | — | — |
Current DrawdownCurrent decline from peak | -4.67% | -0.71% | -3.96% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -5.11% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 5.17% | +0.56% |
Volatility
LIFE.TO vs. LMAX.TO - Volatility Comparison
Evolve Global Healthcare Enhanced Yield Fund (LIFE.TO) and Hamilton Healthcare Yield Maximizer ETF (LMAX.TO) have volatilities of 5.46% and 5.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIFE.TO | LMAX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 5.57% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.16% | 10.70% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 14.25% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 13.94% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 13.94% | +1.07% |
LIFE.TO vs. LMAX.TO - Expense Ratio Comparison
Both LIFE.TO and LMAX.TO have an expense ratio of 0.65%.
Dividends
LIFE.TO vs. LMAX.TO - Dividend Comparison
LIFE.TO's dividend yield for the trailing twelve months is around 12.82%, more than LMAX.TO's 12.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
LIFE.TO Evolve Global Healthcare Enhanced Yield Fund | 12.82% | 11.83% | 10.90% | 9.24% | 8.20% | 6.46% | 7.09% | 6.33% | 4.84% |
LMAX.TO Hamilton Healthcare Yield Maximizer ETF | 12.22% | 12.51% | 11.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LIFE.TO and LMAX.TO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LIFE.TO and LMAX.TO have the same expense ratio: 0.65% per year.
They also come from different issuers: Evolve Funds Group Inc. and Hamilton.
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