LMAX.TO vs. HIG.TO
LMAX.TO (Hamilton Healthcare Yield Maximizer ETF) and HIG.TO (Brompton Global Healthcare Income & Growth ETF) are both Health & Biotech Equities funds. Both are actively managed. Over the past year, LMAX.TO returned 16.64% vs 9.53% for HIG.TO. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
LMAX.TO vs. HIG.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 higher than HIG.TO's -2.76% return.
LMAX.TO
- 1D
- -1.00%
- 1M
- 5.05%
- 6M
- 1.69%
- YTD
- 3.55%
- 1Y
- 16.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HIG.TO
- 1D
- -0.40%
- 1M
- 4.72%
- 6M
- -3.73%
- YTD
- -2.76%
- 1Y
- 9.53%
- 3Y*
- 3.98%
- 5Y*
- 0.81%
- 10Y*
- 5.29%
LMAX.TO vs. HIG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LMAX.TO Hamilton Healthcare Yield Maximizer ETF | 3.55% | 7.07% | 4.45% |
HIG.TO Brompton Global Healthcare Income & Growth ETF | -2.76% | 13.94% | -6.76% |
Correlation
The correlation between LMAX.TO and HIG.TO is 0.82, 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 | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2024 | 0.70 |
The correlation between LMAX.TO and HIG.TO shifts across timeframes, from 0.70 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LMAX.TO vs. HIG.TO — Risk / Return Rank
LMAX.TO
HIG.TO
LMAX.TO vs. HIG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Healthcare Yield Maximizer ETF (LMAX.TO) and Brompton Global Healthcare Income & Growth ETF (HIG.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 | HIG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.12 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 0.67 | +0.70 |
| Martin ratioReturn relative to average drawdown | 3.23 | 1.58 | +1.65 |
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Drawdowns
LMAX.TO vs. HIG.TO - Drawdown Comparison
The maximum LMAX.TO drawdown since its inception was -15.89%, smaller than the maximum HIG.TO drawdown of -31.83%. Use the drawdown chart below to compare losses from any high point for LMAX.TO and HIG.TO.
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Drawdown Indicators
| LMAX.TO | HIG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.89% | -31.83% | +15.94% |
Max Drawdown (1Y)Largest decline over 1 year | -12.16% | -14.18% | +2.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.83% | — |
Current DrawdownCurrent decline from peak | -2.12% | -7.35% | +5.23% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -8.17% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 6.04% | -0.88% |
Volatility
LMAX.TO vs. HIG.TO - Volatility Comparison
The current volatility for Hamilton Healthcare Yield Maximizer ETF (LMAX.TO) is 5.60%, while Brompton Global Healthcare Income & Growth ETF (HIG.TO) has a volatility of 6.07%. This indicates that LMAX.TO experiences smaller price fluctuations and is considered to be less risky than HIG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LMAX.TO | HIG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 6.07% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 11.19% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.42% | 14.79% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.97% | 15.16% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.97% | 17.37% | -3.40% |
Dividends
LMAX.TO vs. HIG.TO - Dividend Comparison
LMAX.TO's dividend yield for the trailing twelve months is around 12.40%, more than HIG.TO's 8.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIG.TO Brompton Global Healthcare Income & Growth ETF | 8.94% | 8.32% | 8.71% | 8.03% | 6.97% | 5.29% | 6.22% | 6.12% | 7.11% | 6.43% | 6.47% | 1.80% |
LMAX.TO Hamilton Healthcare Yield Maximizer ETF | 12.40% | 12.51% | 11.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LMAX.TO and HIG.TO have a correlation of 0.82, 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 Brompton.
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