QMAX.TO vs. XEXP.TO
QMAX.TO (Hamilton Technology YIELD MAXIMIZER ETF) and XEXP.TO (iShares Exponential Technologies Index ETF) are both Technology Equities funds. QMAX.TO is actively managed, while XEXP.TO is passively managed. Over the past year, QMAX.TO returned 44.35% vs 41.18% for XEXP.TO. At a 0.37 correlation, their price movements are largely independent. QMAX.TO charges 0.65%/yr vs 0.44%/yr for XEXP.TO.
Performance
QMAX.TO vs. XEXP.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with QMAX.TO having a 22.06% return and XEXP.TO slightly lower at 21.53%.
QMAX.TO
- 1D
- 0.64%
- 1M
- 17.44%
- YTD
- 22.06%
- 6M
- 19.75%
- 1Y
- 44.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XEXP.TO
- 1D
- 0.25%
- 1M
- 11.43%
- YTD
- 21.53%
- 6M
- 13.91%
- 1Y
- 41.18%
- 3Y*
- 17.73%
- 5Y*
- —
- 10Y*
- —
QMAX.TO vs. XEXP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QMAX.TO Hamilton Technology YIELD MAXIMIZER ETF | 22.06% | 16.57% | 37.65% | 16.15% |
XEXP.TO iShares Exponential Technologies Index ETF | 21.53% | 13.97% | 9.27% | 17.48% |
Correlation
The correlation between QMAX.TO and XEXP.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.37 |
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Return for Risk
QMAX.TO vs. XEXP.TO — Risk / Return Rank
QMAX.TO
XEXP.TO
QMAX.TO vs. XEXP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) and iShares Exponential Technologies Index ETF (XEXP.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.
| QMAX.TO | XEXP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.48 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 3.42 | -1.47 |
| Martin ratioReturn relative to average drawdown | 5.32 | 10.64 | -5.32 |
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 | XEXP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.51 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.58 | 0.92 | +0.66 |
Drawdowns
QMAX.TO vs. XEXP.TO - Drawdown Comparison
The maximum QMAX.TO drawdown since its inception was -26.77%, which is greater than XEXP.TO's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for QMAX.TO and XEXP.TO.
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Drawdown Indicators
| QMAX.TO | XEXP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.77% | -22.44% | -4.33% |
Max Drawdown (1Y)Largest decline over 1 year | -22.86% | -12.10% | -10.76% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.44% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -3.99% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.36% | 3.88% | +4.48% |
Volatility
QMAX.TO vs. XEXP.TO - Volatility Comparison
Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) has a higher volatility of 6.48% compared to iShares Exponential Technologies Index ETF (XEXP.TO) at 5.54%. This indicates that QMAX.TO's price experiences larger fluctuations and is considered to be riskier than XEXP.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 | XEXP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.48% | 5.54% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 16.34% | 12.89% | +3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.53% | 16.48% | +4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.66% | 18.92% | +4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.66% | 18.92% | +4.74% |
QMAX.TO vs. XEXP.TO - Expense Ratio Comparison
QMAX.TO has a 0.65% expense ratio, which is higher than XEXP.TO's 0.44% expense ratio.
Dividends
QMAX.TO vs. XEXP.TO - Dividend Comparison
QMAX.TO's dividend yield for the trailing twelve months is around 9.33%, more than XEXP.TO's 0.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
QMAX.TO Hamilton Technology YIELD MAXIMIZER ETF | 9.33% | 10.79% | 10.90% | 2.01% | 0.00% |
XEXP.TO iShares Exponential Technologies Index ETF | 0.54% | 0.65% | 0.80% | 0.63% | 0.21% |
Frequently Asked Questions
QMAX.TO and XEXP.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEXP.TO is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEXP.TO is cheaper with a 0.44% expense ratio, compared with 0.65% for QMAX.TO.
They also come from different issuers: Hamilton Capital and iShares. Their fees differ too: 0.65% for QMAX.TO and 0.44% for XEXP.TO.
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