QMAX.TO vs. QQQ
Compare and contrast key facts about Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) and Invesco QQQ (QQQ).
QMAX.TO and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QMAX.TO or QQQ.
Correlation
The correlation between QMAX.TO and QQQ is 0.84, 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. QQQ - Performance Comparison
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Key characteristics
QMAX.TO:
0.65
QQQ:
0.67
QMAX.TO:
1.12
QQQ:
1.14
QMAX.TO:
1.15
QQQ:
1.16
QMAX.TO:
0.75
QQQ:
0.79
QMAX.TO:
2.16
QQQ:
2.59
QMAX.TO:
9.30%
QQQ:
6.98%
QMAX.TO:
29.39%
QQQ:
25.51%
QMAX.TO:
-26.77%
QQQ:
-82.98%
QMAX.TO:
-6.55%
QQQ:
-3.72%
Returns By Period
In the year-to-date period, QMAX.TO achieves a -2.01% return, which is significantly lower than QQQ's 1.61% return.
QMAX.TO
-2.01%
18.82%
1.72%
19.14%
N/A
N/A
QQQ
1.61%
13.38%
1.57%
17.02%
19.19%
17.78%
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QMAX.TO vs. QQQ - Expense Ratio Comparison
QMAX.TO has a 0.65% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
QMAX.TO vs. QQQ — Risk-Adjusted Performance Rank
QMAX.TO
QQQ
QMAX.TO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) and Invesco QQQ (QQQ). 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.
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Dividends
QMAX.TO vs. QQQ - Dividend Comparison
QMAX.TO's dividend yield for the trailing twelve months is around 11.78%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QMAX.TO Hamilton Technology YIELD MAXIMIZER ETF | 11.78% | 10.90% | 2.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
QMAX.TO vs. QQQ - Drawdown Comparison
The maximum QMAX.TO drawdown since its inception was -26.77%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QMAX.TO and QQQ. For additional features, visit the drawdowns tool.
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Volatility
QMAX.TO vs. QQQ - Volatility Comparison
Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) has a higher volatility of 9.09% compared to Invesco QQQ (QQQ) at 7.54%. This indicates that QMAX.TO's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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