QMAX.TO vs. HTAE.TO
Compare and contrast key facts about Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) and Harvest Tech Achievers Enhanced Income ETF - Class A Units (HTAE.TO).
QMAX.TO and HTAE.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QMAX.TO is an actively managed fund by Hamilton Capital. It was launched on Oct 25, 2023. HTAE.TO is an actively managed fund by Harvest. It was launched on Oct 20, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QMAX.TO or HTAE.TO.
Correlation
The correlation between QMAX.TO and HTAE.TO is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QMAX.TO vs. HTAE.TO - Performance Comparison
Key characteristics
QMAX.TO:
1.36
HTAE.TO:
0.96
QMAX.TO:
1.86
HTAE.TO:
1.40
QMAX.TO:
1.25
HTAE.TO:
1.18
QMAX.TO:
1.72
HTAE.TO:
1.37
QMAX.TO:
5.52
HTAE.TO:
4.67
QMAX.TO:
5.36%
HTAE.TO:
5.01%
QMAX.TO:
21.79%
HTAE.TO:
24.49%
QMAX.TO:
-17.20%
HTAE.TO:
-17.04%
QMAX.TO:
-4.05%
HTAE.TO:
-2.83%
Returns By Period
In the year-to-date period, QMAX.TO achieves a 0.61% return, which is significantly lower than HTAE.TO's 3.32% return.
QMAX.TO
0.61%
-1.70%
16.88%
30.39%
N/A
N/A
HTAE.TO
3.32%
-0.90%
8.95%
24.85%
N/A
N/A
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QMAX.TO vs. HTAE.TO - Expense Ratio Comparison
QMAX.TO has a 0.65% expense ratio, which is lower than HTAE.TO's 2.49% expense ratio.
Risk-Adjusted Performance
QMAX.TO vs. HTAE.TO — Risk-Adjusted Performance Rank
QMAX.TO
HTAE.TO
QMAX.TO vs. HTAE.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) and Harvest Tech Achievers Enhanced Income ETF - Class A Units (HTAE.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.
Dividends
QMAX.TO vs. HTAE.TO - Dividend Comparison
QMAX.TO's dividend yield for the trailing twelve months is around 15.21%, more than HTAE.TO's 9.95% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
QMAX.TO Hamilton Technology YIELD MAXIMIZER ETF | 15.21% | 14.95% | 2.69% | 0.00% |
HTAE.TO Harvest Tech Achievers Enhanced Income ETF - Class A Units | 9.95% | 10.01% | 9.38% | 2.20% |
Drawdowns
QMAX.TO vs. HTAE.TO - Drawdown Comparison
The maximum QMAX.TO drawdown since its inception was -17.20%, roughly equal to the maximum HTAE.TO drawdown of -17.04%. Use the drawdown chart below to compare losses from any high point for QMAX.TO and HTAE.TO. For additional features, visit the drawdowns tool.
Volatility
QMAX.TO vs. HTAE.TO - Volatility Comparison
The current volatility for Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) is 4.73%, while Harvest Tech Achievers Enhanced Income ETF - Class A Units (HTAE.TO) has a volatility of 6.55%. This indicates that QMAX.TO experiences smaller price fluctuations and is considered to be less risky than HTAE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.