QMAX.TO vs. TLF.TO
QMAX.TO (Hamilton Technology YIELD MAXIMIZER ETF) and TLF.TO (Brompton Tech Leaders Income ETF) are both Technology Equities funds. Both are actively managed. Over the past year, QMAX.TO returned 24.68% vs 32.76% for TLF.TO. Their correlation of 0.83 suggests significant overlap in exposure.
Performance
QMAX.TO vs. TLF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QMAX.TO achieves a 13.64% return, which is significantly lower than TLF.TO's 21.68% return.
QMAX.TO
- 1D
- -2.35%
- 1M
- -5.65%
- 6M
- 15.93%
- YTD
- 13.64%
- 1Y
- 24.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLF.TO
- 1D
- -1.10%
- 1M
- -5.97%
- 6M
- 18.82%
- YTD
- 21.68%
- 1Y
- 32.76%
- 3Y*
- 23.48%
- 5Y*
- 16.03%
- 10Y*
- 21.23%
QMAX.TO vs. TLF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QMAX.TO Hamilton Technology YIELD MAXIMIZER ETF | 13.64% | 16.54% | 37.66% | 14.41% |
TLF.TO Brompton Tech Leaders Income ETF | 21.68% | 18.20% | 21.45% | 16.54% |
Correlation
The correlation between QMAX.TO and TLF.TO is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.83 |
The correlation between QMAX.TO and TLF.TO has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.
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Return for Risk
QMAX.TO vs. TLF.TO — Risk / Return Rank
QMAX.TO
TLF.TO
QMAX.TO vs. TLF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) and Brompton Tech Leaders Income ETF (TLF.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.
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 | TLF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 2.23 | -1.15 |
| Martin ratioReturn relative to average drawdown | 2.91 | 7.57 | -4.67 |
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Drawdowns
QMAX.TO vs. TLF.TO - Drawdown Comparison
The maximum QMAX.TO drawdown since its inception was -26.77%, smaller than the maximum TLF.TO drawdown of -37.19%. Use the drawdown chart below to compare losses from any high point for QMAX.TO and TLF.TO.
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Drawdown Indicators
| QMAX.TO | TLF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.77% | -37.19% | +10.42% |
Max Drawdown (1Y)Largest decline over 1 year | -22.86% | -14.73% | -8.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.99% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.19% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.19% | — |
Current DrawdownCurrent decline from peak | -9.89% | -10.89% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -7.35% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.52% | 4.34% | +4.18% |
Volatility
QMAX.TO vs. TLF.TO - Volatility Comparison
The current volatility for Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) is 10.41%, while Brompton Tech Leaders Income ETF (TLF.TO) has a volatility of 13.70%. This indicates that QMAX.TO experiences smaller price fluctuations and is considered to be less risky than TLF.TO 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 | TLF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.41% | 13.70% | -3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 20.93% | 21.97% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.41% | 24.65% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.61% | 25.84% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.61% | 24.22% | +0.39% |
Dividends
QMAX.TO vs. TLF.TO - Dividend Comparison
QMAX.TO's dividend yield for the trailing twelve months is around 10.20%, more than TLF.TO's 5.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QMAX.TO Hamilton Technology YIELD MAXIMIZER ETF | 10.20% | 10.79% | 10.88% | 2.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLF.TO Brompton Tech Leaders Income ETF | 5.66% | 5.90% | 5.86% | 5.31% | 6.97% | 3.40% | 3.49% | 4.64% | 6.05% | 5.94% | 7.67% | 7.63% |
Frequently Asked Questions
QMAX.TO and TLF.TO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Hamilton Capital and Brompton.
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