QMAX.TO vs. TECH
Compare and contrast key facts about Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) and Bio-Techne Corporation (TECH).
QMAX.TO is an actively managed fund by Hamilton Capital. It was launched on Oct 25, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QMAX.TO or TECH.
Correlation
The correlation between QMAX.TO and TECH is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QMAX.TO vs. TECH - Performance Comparison
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Key characteristics
QMAX.TO:
0.61
TECH:
-1.03
QMAX.TO:
1.02
TECH:
-1.49
QMAX.TO:
1.14
TECH:
0.82
QMAX.TO:
0.66
TECH:
-0.63
QMAX.TO:
1.91
TECH:
-2.06
QMAX.TO:
9.32%
TECH:
19.72%
QMAX.TO:
29.38%
TECH:
39.95%
QMAX.TO:
-26.77%
TECH:
-74.39%
QMAX.TO:
-6.37%
TECH:
-62.70%
Returns By Period
In the year-to-date period, QMAX.TO achieves a -1.82% return, which is significantly higher than TECH's -31.39% return.
QMAX.TO
-1.82%
22.61%
3.52%
17.98%
N/A
N/A
N/A
TECH
-31.39%
2.62%
-26.09%
-40.91%
-18.20%
-5.63%
7.52%
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Risk-Adjusted Performance
QMAX.TO vs. TECH — Risk-Adjusted Performance Rank
QMAX.TO
TECH
QMAX.TO vs. TECH - Risk-Adjusted Performance 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.
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Dividends
QMAX.TO vs. TECH - Dividend Comparison
QMAX.TO's dividend yield for the trailing twelve months is around 11.76%, more than TECH's 0.65% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
QMAX.TO Hamilton Technology YIELD MAXIMIZER ETF | 11.76% | 10.90% | 2.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECH Bio-Techne Corporation | 0.65% | 0.44% | 0.41% | 0.77% | 0.25% | 0.40% | 0.58% | 0.88% | 0.99% | 1.24% | 1.42% | 1.35% |
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 -74.39%. Use the drawdown chart below to compare losses from any high point for QMAX.TO and TECH. For additional features, visit the drawdowns tool.
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Volatility
QMAX.TO vs. TECH - Volatility Comparison
The current volatility for Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) is 7.80%, while Bio-Techne Corporation (TECH) has a volatility of 14.20%. 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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