QMAX.TO vs. FDN.TO
QMAX.TO (Hamilton Technology YIELD MAXIMIZER ETF) and FDN.TO (First Trust Dow Jones Internet ETF) are both Technology Equities funds. QMAX.TO is actively managed, while FDN.TO is passively managed. Over the past year, QMAX.TO returned 24.68% vs 2.55% for FDN.TO. At a 0.44 correlation, their price movements are largely independent.
Performance
QMAX.TO vs. FDN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QMAX.TO achieves a 13.64% return, which is significantly higher than FDN.TO's 1.49% return.
QMAX.TO
- 1D
- -2.35%
- 1M
- -5.65%
- 6M
- 15.93%
- YTD
- 13.64%
- 1Y
- 24.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDN.TO
- 1D
- -3.04%
- 1M
- 0.66%
- 6M
- 2.99%
- YTD
- 1.49%
- 1Y
- 2.55%
- 3Y*
- 17.99%
- 5Y*
- 4.31%
- 10Y*
- 3.20%
QMAX.TO vs. FDN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QMAX.TO Hamilton Technology YIELD MAXIMIZER ETF | 13.64% | 16.54% | 37.66% | 14.41% |
FDN.TO First Trust Dow Jones Internet ETF | 1.49% | 5.45% | 41.28% | 19.82% |
Correlation
The correlation between QMAX.TO and FDN.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.44 |
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Return for Risk
QMAX.TO vs. FDN.TO — Risk / Return Rank
QMAX.TO
FDN.TO
QMAX.TO vs. FDN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) and First Trust Dow Jones Internet ETF (FDN.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.
| QMAX.TO | FDN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.04 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 0.12 | +0.97 |
| Martin ratioReturn relative to average drawdown | 2.91 | 0.27 | +2.64 |
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Drawdowns
QMAX.TO vs. FDN.TO - Drawdown Comparison
The maximum QMAX.TO drawdown since its inception was -26.77%, smaller than the maximum FDN.TO drawdown of -50.44%. Use the drawdown chart below to compare losses from any high point for QMAX.TO and FDN.TO.
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Drawdown Indicators
| QMAX.TO | FDN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.77% | -50.44% | +23.67% |
Max Drawdown (1Y)Largest decline over 1 year | -22.86% | -21.40% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.31% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.44% | — |
Current DrawdownCurrent decline from peak | -9.89% | -6.02% | -3.87% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -10.73% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.52% | 9.45% | -0.93% |
Volatility
QMAX.TO vs. FDN.TO - Volatility Comparison
Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) has a higher volatility of 10.41% compared to First Trust Dow Jones Internet ETF (FDN.TO) at 5.37%. This indicates that QMAX.TO's price experiences larger fluctuations and is considered to be riskier than FDN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QMAX.TO | FDN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.41% | 5.37% | +5.04% |
Volatility (6M)Calculated over the trailing 6-month period | 20.93% | 16.68% | +4.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.41% | 20.01% | +4.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.61% | 26.14% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.61% | 21.16% | +3.45% |
Dividends
QMAX.TO vs. FDN.TO - Dividend Comparison
QMAX.TO's dividend yield for the trailing twelve months is around 10.20%, while FDN.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDN.TO First Trust Dow Jones Internet ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.65% | 5.69% | 1.47% | 1.40% | 1.76% | 1.51% | 1.50% |
QMAX.TO Hamilton Technology YIELD MAXIMIZER ETF | 10.20% | 10.79% | 10.88% | 2.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QMAX.TO and FDN.TO have a correlation of 0.40, 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 Capital and First Trust.
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