QMAX.TO vs. JPEQ.AX
QMAX.TO (Hamilton Technology YIELD MAXIMIZER ETF) and JPEQ.AX (JPMorgan US 100Q Equity Premium Income Active ETF) are both exchange-traded funds - QMAX.TO is a Technology Equities fund actively managed by Hamilton Capital, while JPEQ.AX is a Derivative Income fund actively managed by JPMorgan. Both are actively managed. Over the past year, QMAX.TO returned 44.35% vs 27.76% for JPEQ.AX. At a 0.19 correlation, their price movements are largely independent.
Performance
QMAX.TO vs. JPEQ.AX - Performance Comparison
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Different Trading Currencies
QMAX.TO is traded in CAD, while JPEQ.AX is traded in AUD. To make them comparable, the JPEQ.AX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, QMAX.TO achieves a 22.06% return, which is significantly higher than JPEQ.AX's 8.63% return.
QMAX.TO
- 1D
- 0.64%
- 1M
- 17.44%
- YTD
- 22.06%
- 6M
- 19.75%
- 1Y
- 44.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPEQ.AX
- 1D
- -0.44%
- 1M
- 5.62%
- YTD
- 8.63%
- 6M
- 7.34%
- 1Y
- 27.76%
- 3Y*
- 19.99%
- 5Y*
- —
- 10Y*
- —
QMAX.TO vs. JPEQ.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QMAX.TO Hamilton Technology YIELD MAXIMIZER ETF | 22.06% | 16.57% | 37.65% | 16.15% |
JPEQ.AX JPMorgan US 100Q Equity Premium Income Active ETF | 8.63% | 7.62% | 34.67% | 5.80% |
Correlation
The correlation between QMAX.TO and JPEQ.AX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.19 |
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Return for Risk
QMAX.TO vs. JPEQ.AX — Risk / Return Rank
QMAX.TO
JPEQ.AX
QMAX.TO vs. JPEQ.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) and JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX). 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.TO | JPEQ.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.42 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 3.76 | -1.81 |
| Martin ratioReturn relative to average drawdown | 5.32 | 14.55 | -9.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QMAX.TO | JPEQ.AX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.30 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.58 | 1.23 | +0.35 |
Drawdowns
QMAX.TO vs. JPEQ.AX - Drawdown Comparison
The maximum QMAX.TO drawdown since its inception was -26.77%, which is greater than JPEQ.AX's maximum drawdown of -22.95%. Use the drawdown chart below to compare losses from any high point for QMAX.TO and JPEQ.AX.
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Drawdown Indicators
| QMAX.TO | JPEQ.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.77% | -22.95% | -3.82% |
Max Drawdown (1Y)Largest decline over 1 year | -22.86% | -7.31% | -15.55% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.95% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.44% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -2.78% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.36% | 1.90% | +6.46% |
Volatility
QMAX.TO vs. JPEQ.AX - Volatility Comparison
Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) has a higher volatility of 6.48% compared to JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) at 2.21%. This indicates that QMAX.TO's price experiences larger fluctuations and is considered to be riskier than JPEQ.AX 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 | JPEQ.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.48% | 2.21% | +4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 16.34% | 9.39% | +6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.53% | 11.99% | +8.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.66% | 16.44% | +7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.66% | 16.44% | +7.22% |
Dividends
QMAX.TO vs. JPEQ.AX - Dividend Comparison
QMAX.TO's dividend yield for the trailing twelve months is around 9.33%, more than JPEQ.AX's 9.09% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JPEQ.AX JPMorgan US 100Q Equity Premium Income Active ETF | 9.09% | 9.00% | 7.40% | 4.88% |
QMAX.TO Hamilton Technology YIELD MAXIMIZER ETF | 9.33% | 10.79% | 10.90% | 2.01% |
Frequently Asked Questions
QMAX.TO and JPEQ.AX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QMAX.TO is categorized as Technology Equities, while JPEQ.AX is Derivative Income. They also come from different issuers: Hamilton Capital and JPMorgan.
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