QMAX.TO vs. TECH
QMAX.TO (Hamilton Technology YIELD MAXIMIZER ETF) is Technology Equities fund actively managed by Hamilton Capital, while TECH (Bio-Techne Corporation) is a stock. Over the past year, QMAX.TO returned 37.17% vs 42.15% for TECH. At a 0.23 correlation, their price movements are largely independent.
Performance
QMAX.TO vs. TECH - Performance Comparison
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Different Trading Currencies
QMAX.TO is traded in CAD, while TECH is traded in USD. To make them comparable, the TECH 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 20.73% return, which is significantly lower than TECH's 25.36% return.
QMAX.TO
- 1D
- 1.12%
- 1M
- 2.05%
- YTD
- 20.73%
- 6M
- 18.80%
- 1Y
- 37.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TECH
- 1D
- 20.30%
- 1M
- 51.99%
- YTD
- 25.36%
- 6M
- 24.64%
- 1Y
- 42.15%
- 3Y*
- 0.41%
- 5Y*
- -5.19%
- 10Y*
- 11.82%
QMAX.TO vs. TECH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QMAX.TO Hamilton Technology YIELD MAXIMIZER ETF | 20.73% | 16.54% | 37.66% | 14.41% |
TECH Bio-Techne Corporation | 25.36% | -21.64% | 1.81% | 21.39% |
Correlation
The correlation between QMAX.TO and TECH is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.23 |
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Return for Risk
QMAX.TO vs. TECH — Risk / Return Rank
QMAX.TO
TECH
QMAX.TO vs. TECH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) and Bio-Techne Corporation (TECH). 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 | TECH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.19 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.07 | +0.57 |
| Martin ratioReturn relative to average drawdown | 4.43 | 2.52 | +1.90 |
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Drawdowns
QMAX.TO vs. TECH - Drawdown Comparison
The maximum QMAX.TO drawdown since its inception was -26.77%, smaller than the maximum TECH drawdown of -64.64%. Use the drawdown chart below to compare losses from any high point for QMAX.TO and TECH.
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Drawdown Indicators
| QMAX.TO | TECH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.77% | -64.64% | +37.87% |
Max Drawdown (1Y)Largest decline over 1 year | -22.86% | -39.73% | +16.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -48.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -64.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.64% | — |
Current DrawdownCurrent decline from peak | -3.46% | -40.00% | +36.54% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -16.29% | +11.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.42% | 16.75% | -8.33% |
Volatility
QMAX.TO vs. TECH - Volatility Comparison
The current volatility for Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) is 11.08%, while Bio-Techne Corporation (TECH) has a volatility of 21.93%. This indicates that QMAX.TO experiences smaller price fluctuations and is considered to be less risky than TECH 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 | TECH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.08% | 21.93% | -10.85% |
Volatility (6M)Calculated over the trailing 6-month period | 19.19% | 41.65% | -22.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.80% | 51.04% | -28.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.29% | 40.27% | -15.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.29% | 35.25% | -10.96% |
Dividends
QMAX.TO vs. TECH - Dividend Comparison
QMAX.TO's dividend yield for the trailing twelve months is around 9.44%, more than TECH's 0.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QMAX.TO Hamilton Technology YIELD MAXIMIZER ETF | 9.44% | 10.79% | 10.88% | 2.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECH Bio-Techne Corporation | 0.45% | 0.54% | 0.56% | 0.41% | 0.39% | 0.25% | 0.40% | 0.58% | 0.88% | 0.99% | 1.24% | 1.42% |
Frequently Asked Questions
QMAX.TO and TECH have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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