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QMAX.TO vs. BGIN.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QMAX.TO vs. BGIN.NEO

Last updated Jun 4, 2026

QMAX.TO (Hamilton Technology YIELD MAXIMIZER ETF) and BGIN.NEO (BMO Global Innovators Fund Active ETF Series) are both Technology Equities funds. Both are actively managed. Over the past year, QMAX.TO returned 44.35% vs 88.73% for BGIN.NEO. At a 0.43 correlation, their price movements are largely independent. QMAX.TO charges 0.65%/yr vs 1.07%/yr for BGIN.NEO.

Performance

QMAX.TO vs. BGIN.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) and BMO Global Innovators Fund Active ETF Series (BGIN.NEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QMAX.TO achieves a 22.06% return, which is significantly lower than BGIN.NEO's 54.53% return.

QMAX.TO

1D
0.64%
1M
17.44%
YTD
22.06%
6M
19.75%
1Y
44.35%
3Y*
—
5Y*
—
10Y*
—

BGIN.NEO

1D
0.78%
1M
21.71%
YTD
54.53%
6M
53.21%
1Y
88.73%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QMAX.TO vs. BGIN.NEO - Yearly Performance Comparison

2026 (YTD)202520242023
QMAX.TO
Hamilton Technology YIELD MAXIMIZER ETF		22.06%16.57%37.65%16.15%
BGIN.NEO
BMO Global Innovators Fund Active ETF Series		54.53%19.37%32.08%13.88%

Correlation

The correlation between QMAX.TO and BGIN.NEO is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Oct 27, 2023

0.43

Over the past year, QMAX.TO and BGIN.NEO have become more correlated (0.63) than their long-term average of 0.43, meaning their price movements have been converging.

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Hamilton Technology YIELD MAXIMIZER ETF

BMO Global Innovators Fund Active ETF Series

Often compared with QMAX.TO:
QMAX.TO vs. QQCL.TOQMAX.TO vs. QQQQMAX.TO vs. HTAE.TOQMAX.TO vs. BANK.TOQMAX.TO vs. SMAX.TOQMAX.TO vs. VFV.TOQMAX.TO vs. HMAX.TO
Often compared with BGIN.NEO:
BGIN.NEO vs. TEC.TOBGIN.NEO vs. TECI.TOBGIN.NEO vs. HTA.TOBGIN.NEO vs. YGOG.NEOBGIN.NEO vs. ZMMK.TOBGIN.NEO vs. FINN.NEOBGIN.NEO vs. QMVP.TO

Return for Risk

QMAX.TO vs. BGIN.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QMAX.TO
QMAX.TO Risk / Return Rank: 5252
Overall Rank
QMAX.TO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
QMAX.TO Sortino Ratio Rank: 6060
Sortino Ratio Rank
QMAX.TO Omega Ratio Rank: 6262
Omega Ratio Rank
QMAX.TO Calmar Ratio Rank: 3939
Calmar Ratio Rank
QMAX.TO Martin Ratio Rank: 3434
Martin Ratio Rank
BGIN.NEO
BGIN.NEO Risk / Return Rank: 9292
Overall Rank
BGIN.NEO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
BGIN.NEO Sortino Ratio Rank: 8989
Sortino Ratio Rank
BGIN.NEO Omega Ratio Rank: 9393
Omega Ratio Rank
BGIN.NEO Calmar Ratio Rank: 9393
Calmar Ratio Rank
BGIN.NEO Martin Ratio Rank: 9191
Martin Ratio Rank
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.

QMAX.TO vs. BGIN.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) and BMO Global Innovators Fund Active ETF Series (BGIN.NEO). 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.

QMAX.TOBGIN.NEODifference
Sharpe ratioReturn per unit of total volatility
2.17
3.44

-1.27

Sortino ratioReturn per unit of downside risk
2.86
4.02

-1.16

Omega ratioGain probability vs. loss probability

1.38

1.64

-0.26

Calmar ratioReturn relative to maximum drawdown

1.95

6.75

-4.80

Martin ratioReturn relative to average drawdown

5.32

21.35

-16.03

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QMAX.TO vs. BGIN.NEO - Sharpe Ratio Comparison

The current QMAX.TO Sharpe Ratio is 2.17, which is lower than the BGIN.NEO Sharpe Ratio of 3.44. The chart below compares the historical Sharpe Ratios of QMAX.TO and BGIN.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

QMAX.TOBGIN.NEODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.17

3.44

-1.27

Sharpe Ratio (All Time)

Calculated using the full available price history

1.58

1.57

+0.01

Drawdowns

QMAX.TO vs. BGIN.NEO - Drawdown Comparison

The maximum QMAX.TO drawdown since its inception was -26.77%, smaller than the maximum BGIN.NEO drawdown of -29.19%. Use the drawdown chart below to compare losses from any high point for QMAX.TO and BGIN.NEO.

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Drawdown Indicators

QMAX.TOBGIN.NEODifference

Max Drawdown

Largest peak-to-trough decline

-26.77%

-29.19%

+2.42%

Max Drawdown (1Y)

Largest decline over 1 year

-22.86%

-13.23%

-9.63%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-5.25%

-4.44%

-0.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.36%

4.17%

+4.19%

Volatility

QMAX.TO vs. BGIN.NEO - Volatility Comparison

The current volatility for Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) is 6.48%, while BMO Global Innovators Fund Active ETF Series (BGIN.NEO) has a volatility of 9.24%. This indicates that QMAX.TO experiences smaller price fluctuations and is considered to be less risky than BGIN.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QMAX.TOBGIN.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.48%

9.24%

-2.76%

Volatility (6M)

Calculated over the trailing 6-month period

16.34%

21.40%

-5.06%

Volatility (1Y)

Calculated over the trailing 1-year period

20.53%

25.92%

-5.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.66%

26.10%

-2.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.66%

26.10%

-2.44%

QMAX.TO vs. BGIN.NEO - Expense Ratio Comparison

QMAX.TO has a 0.65% expense ratio, which is lower than BGIN.NEO's 1.07% expense ratio.

Dividends

QMAX.TO vs. BGIN.NEO - Dividend Comparison

QMAX.TO's dividend yield for the trailing twelve months is around 9.33%, more than BGIN.NEO's 0.19% yield.

PositionTTM202520242023
BGIN.NEO
BMO Global Innovators Fund Active ETF Series		0.19%0.30%0.36%0.12%
QMAX.TO
Hamilton Technology YIELD MAXIMIZER ETF		9.33%10.79%10.90%2.01%

Frequently Asked Questions

QMAX.TO and BGIN.NEO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, QMAX.TO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QMAX.TO is cheaper with a 0.65% expense ratio, compared with 1.07% for BGIN.NEO.

They also come from different issuers: Hamilton Capital and BMO. Their fees differ too: 0.65% for QMAX.TO and 1.07% for BGIN.NEO.

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