QQCI.TO vs. UMAX.TO

Last updated Aug 2, 2026

QQCI.TO (Invesco NASDAQ 100 Income Advantage ETF) and UMAX.TO (Hamilton Utilities YIELD MAXIMIZER ETF) are both exchange-traded funds - QQCI.TO is a Nasdaq-100 fund actively managed by CI, while UMAX.TO is a Derivative Income fund actively managed by Hamilton. Both are actively managed. Over the past year, QQCI.TO returned 24.09% vs 13.82% for UMAX.TO. Their -0.04 correlation means they have often moved in opposite directions in the past. QQCI.TO charges 0.21%/yr vs 0.65%/yr for UMAX.TO.

Performance

QQCI.TO vs. UMAX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco NASDAQ 100 Income Advantage ETF (QQCI.TO) and Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQCI.TO achieves a 11.99% return, which is significantly higher than UMAX.TO's 8.99% return.

QQCI.TO

• 1D: 1.04%
• 1M: -4.23%
• 6M: 12.17%
• YTD: 11.99%
• 1Y: 24.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.32%

UMAX.TO

• 1D: -1.41%
• 1M: -0.31%
• 6M: 7.47%
• YTD: 8.99%
• 1Y: 13.82%
• 3Y*: 9.16%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF	CA$141.03K	CA$115.67K	CA$152.23K
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF	CA$7.16M	CA$5.80M	CA$4.99M

QQCI.TO vs. UMAX.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF	11.99%	12.64%	11.81%
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF	8.99%	9.90%	0.13%

Correlation

The correlation between QQCI.TO and UMAX.TO is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.18
Correlation (All Time) Calculated using the full available price history since Aug 19, 2024	-0.04

The correlation between QQCI.TO and UMAX.TO shifts across timeframes, from -0.18 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.

QQCI.TO vs. UMAX.TO - Sectors Allocation Comparison

Sectors	QQCI.TO	UMAX.TO
Technology	60.9%	-
Communication Services	13.1%	19.7%
Consumer Cyclical	10.7%	-
Consumer Defensive	6.3%	-
Healthcare	3.6%	-
Industrials	2.7%	24.4%
Utilities	1.1%	31.5%
Basic Materials	1.0%	-
Energy	0.5%	24.4%
Financial Services	0.2%	-
Real Estate	0.1%	-

Return for Risk

QQCI.TO vs. UMAX.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QQCI.TO

QQCI.TO Risk / Return Rank: 66
QQCI.TO Sharpe Ratio Rank: 63
QQCI.TO Sortino Ratio Rank: 61
QQCI.TO Omega Ratio Rank: 60
QQCI.TO Calmar Ratio Rank: 74
QQCI.TO Martin Ratio Rank: 70

UMAX.TO

UMAX.TO Risk / Return Rank: 77
UMAX.TO Sharpe Ratio Rank: 77
UMAX.TO Sortino Ratio Rank: 80
UMAX.TO Omega Ratio Rank: 79
UMAX.TO Calmar Ratio Rank: 76
UMAX.TO Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQCI.TO vs. UMAX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 Income Advantage ETF (QQCI.TO) and Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.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.

	QQCI.TO	UMAX.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.76	-0.29
Sortino ratio: Return per unit of downside risk	2.05	2.60	-0.55
Omega ratio: Gain probability vs. loss probability	1.26	1.33	-0.06
Calmar ratio: Return relative to maximum drawdown	2.59	2.67	-0.07
Martin ratio: Return relative to average drawdown	8.57	9.04	-0.47

QQCI.TO vs. UMAX.TO - Sharpe Ratio Comparison

The current QQCI.TO Sharpe Ratio is 1.47, which is comparable to the UMAX.TO Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of QQCI.TO and UMAX.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQCI.TO vs. UMAX.TO - Drawdown Comparison

The maximum QQCI.TO drawdown since its inception was -18.95%, which is greater than UMAX.TO's maximum drawdown of -10.09%. Use the drawdown chart below to compare losses from any high point for QQCI.TO and UMAX.TO.

Drawdown Indicators

	QQCI.TO	UMAX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-18.95%	-10.09%	-8.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-5.11%	-3.37%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.34%	—
Current Drawdown Current decline from peak	-5.84%	-2.70%	-3.14%
Average Drawdown Average peak-to-trough decline	-3.07%	-1.99%	-1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	1.50%	+1.06%

Volatility

QQCI.TO vs. UMAX.TO - Volatility Comparison

Invesco NASDAQ 100 Income Advantage ETF (QQCI.TO) has a higher volatility of 4.91% compared to Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) at 3.68%. This indicates that QQCI.TO's price experiences larger fluctuations and is considered to be riskier than UMAX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQCI.TO	UMAX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	3.68%	+1.23%
Volatility (6M) Calculated over the trailing 6-month period	11.52%	6.56%	+4.96%
Volatility (1Y) Calculated over the trailing 1-year period	14.92%	7.73%	+7.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.92%	8.85%	+7.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.92%	8.85%	+7.07%

QQCI.TO vs. UMAX.TO - Expense Ratio Comparison

QQCI.TO has a 0.21% expense ratio, which is lower than UMAX.TO's 0.65% expense ratio.

Dividends

QQCI.TO vs. UMAX.TO - Dividend Comparison

QQCI.TO's dividend yield for the trailing twelve months is around 9.32%, less than UMAX.TO's 14.09% yield.

Position	TTM	2025	2024	2023
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF	9.32%	9.34%	3.17%	0.00%
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF	14.09%	14.85%	14.78%	6.96%

Frequently Asked Questions

Can I hold both QQCI.TO and UMAX.TO in my portfolio?

QQCI.TO and UMAX.TO have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQCI.TO or UMAX.TO?

On fees, QQCI.TO is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQCI.TO or UMAX.TO?

QQCI.TO is cheaper with a 0.21% expense ratio, compared with 0.65% for UMAX.TO.

What is the main difference between QQCI.TO and UMAX.TO?

QQCI.TO is categorized as Nasdaq-100, while UMAX.TO is Derivative Income. They also come from different issuers: CI and Hamilton. Their fees differ too: 0.21% for QQCI.TO and 0.65% for UMAX.TO.