LMAX.TO vs. FHH.TO
LMAX.TO (Hamilton Healthcare Yield Maximizer ETF) and FHH.TO (First Trust AlphaDEX U.S. Health Care Sector Index ETF) are both Health & Biotech Equities funds. LMAX.TO is actively managed, while FHH.TO is passively managed. Over the past year, LMAX.TO returned 16.64% vs 25.65% for FHH.TO. At a 0.07 correlation, their price movements are largely independent.
Performance
LMAX.TO vs. FHH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, LMAX.TO achieves a 3.55% return, which is significantly lower than FHH.TO's 9.98% return.
LMAX.TO
- 1D
- -1.00%
- 1M
- 5.05%
- 6M
- 1.69%
- YTD
- 3.55%
- 1Y
- 16.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FHH.TO
- 1D
- 0.50%
- 1M
- 5.38%
- 6M
- 6.69%
- YTD
- 9.98%
- 1Y
- 25.65%
- 3Y*
- 7.35%
- 5Y*
- 4.31%
- 10Y*
- 8.51%
LMAX.TO vs. FHH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LMAX.TO Hamilton Healthcare Yield Maximizer ETF | 3.55% | 7.07% | 4.45% |
FHH.TO First Trust AlphaDEX U.S. Health Care Sector Index ETF | 9.98% | 5.83% | 7.70% |
Correlation
The correlation between LMAX.TO and FHH.TO is 0.06, 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 | 0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2024 | 0.07 |
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Return for Risk
LMAX.TO vs. FHH.TO — Risk / Return Rank
LMAX.TO
FHH.TO
LMAX.TO vs. FHH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Healthcare Yield Maximizer ETF (LMAX.TO) and First Trust AlphaDEX U.S. Health Care Sector Index ETF (FHH.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.
| LMAX.TO | FHH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.27 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.00 | -0.62 |
| Martin ratioReturn relative to average drawdown | 3.23 | 5.39 | -2.16 |
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Drawdowns
LMAX.TO vs. FHH.TO - Drawdown Comparison
The maximum LMAX.TO drawdown since its inception was -15.89%, smaller than the maximum FHH.TO drawdown of -25.83%. Use the drawdown chart below to compare losses from any high point for LMAX.TO and FHH.TO.
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Drawdown Indicators
| LMAX.TO | FHH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.89% | -25.83% | +9.94% |
Max Drawdown (1Y)Largest decline over 1 year | -12.16% | -12.91% | +0.75% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.20% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.86% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.58% | — |
Current DrawdownCurrent decline from peak | -2.12% | -3.87% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -8.37% | +3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 4.77% | +0.39% |
Volatility
LMAX.TO vs. FHH.TO - Volatility Comparison
Hamilton Healthcare Yield Maximizer ETF (LMAX.TO) and First Trust AlphaDEX U.S. Health Care Sector Index ETF (FHH.TO) have volatilities of 5.60% 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
| LMAX.TO | FHH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 5.57% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 11.84% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.42% | 16.51% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.97% | 15.96% | -1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.97% | 16.71% | -2.74% |
Dividends
LMAX.TO vs. FHH.TO - Dividend Comparison
LMAX.TO's dividend yield for the trailing twelve months is around 12.40%, more than FHH.TO's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FHH.TO First Trust AlphaDEX U.S. Health Care Sector Index ETF | 0.58% | 0.12% | 0.22% | 0.23% | 0.39% | 5.28% |
LMAX.TO Hamilton Healthcare Yield Maximizer ETF | 12.40% | 12.51% | 11.35% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LMAX.TO and FHH.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Hamilton and First Trust.
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