PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
QQQY.TO vs. UMAX.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QQQY.TO vs. UMAX.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) and Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO).

QQQY.TO and UMAX.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQY.TO is a passively managed fund by Evolve that tracks the performance of the NASDAQ-100 Technology Sector Adjusted Market-Cap Weighted™ Index. It was launched on Oct 6, 2025. UMAX.TO is an actively managed fund by Hamilton Capital. It was launched on Jun 14, 2023.

Performance

QQQY.TO vs. UMAX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) and Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

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

2026 (YTD)202520242023
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index Fund		-9.65%27.46%207.55%115,066.66%
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF		4.87%9.95%5.97%9.76%

Returns By Period

In the year-to-date period, QQQY.TO achieves a -9.65% return, which is significantly lower than UMAX.TO's 4.87% return.

QQQY.TO

1D
3.10%
1M
-6.15%
YTD
-9.65%
6M
-5.13%
1Y
27.27%
3Y*
—
5Y*
—
10Y*
—

UMAX.TO

1D
-0.84%
1M
-2.21%
YTD
4.87%
6M
5.47%
1Y
11.19%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Evolve NASDAQ Technology Enhanced Yield Index Fund

Hamilton Utilities YIELD MAXIMIZER ETF

Often compared with QQQY.TO:
QQQY.TO vs. QQCL.TOQQQY.TO vs. HDIV.TOQQQY.TO vs. HHIS.TOQQQY.TO vs. TXF.TOQQQY.TO vs. QQQMQQQY.TO vs. HTAE.TOQQQY.TO vs. QQC.TO
Often compared with UMAX.TO:
UMAX.TO vs. HMAX.TOUMAX.TO vs. UTESUMAX.TO vs. AMAX.TOUMAX.TO vs. HCAL.TOUMAX.TO vs. ZWU.TOUMAX.TO vs. UTES.TOUMAX.TO vs. ENCL.TO

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

QQQY.TO has a 0.74% expense ratio, which is higher than UMAX.TO's 0.65% expense ratio.

QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index Fund
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQY.TO
QQQY.TO Risk / Return Rank: 6666
Overall Rank
QQQY.TO Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
QQQY.TO Sortino Ratio Rank: 6666
Sortino Ratio Rank
QQQY.TO Omega Ratio Rank: 6666
Omega Ratio Rank
QQQY.TO Calmar Ratio Rank: 7272
Calmar Ratio Rank
QQQY.TO Martin Ratio Rank: 6868
Martin Ratio Rank
UMAX.TO
UMAX.TO Risk / Return Rank: 7878
Overall Rank
UMAX.TO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
UMAX.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
UMAX.TO Omega Ratio Rank: 7676
Omega Ratio Rank
UMAX.TO Calmar Ratio Rank: 7474
Calmar Ratio Rank
UMAX.TO Martin Ratio Rank: 8181
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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

This table presents a comparison of risk-adjusted performance metrics for Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.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.

QQQY.TOUMAX.TODifference

Sharpe ratio

Return per unit of total volatility

1.04

1.44

-0.40

Sortino ratio

Return per unit of downside risk

1.63

2.00

-0.37

Omega ratio

Gain probability vs. loss probability

1.24

1.28

-0.04

Calmar ratio

Return relative to maximum drawdown

1.81

1.85

-0.04

Martin ratio

Return relative to average drawdown

6.67

8.59

-1.92

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current QQQY.TO Sharpe Ratio is 1.04, which is comparable to the UMAX.TO Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of QQQY.TO and UMAX.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

QQQY.TOUMAX.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.04

1.44

-0.40

Sharpe Ratio (All Time)

Calculated using the full available price history

0.06

0.90

-0.84

Correlation

The correlation between QQQY.TO and UMAX.TO is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QQQY.TO vs. UMAX.TO - Dividend Comparison

QQQY.TO's dividend yield for the trailing twelve months is around 14.52%, more than UMAX.TO's 13.09% yield.

TTM202520242023
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index Fund		14.52%16.21%96.39%27.84%
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF		13.09%14.86%14.81%6.96%

Drawdowns

QQQY.TO vs. UMAX.TO - Drawdown Comparison

The maximum QQQY.TO drawdown since its inception was -26.27%, 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 QQQY.TO and UMAX.TO.

Loading graphics...

Drawdown Indicators

QQQY.TOUMAX.TODifference

Max Drawdown

Largest peak-to-trough decline

-26.27%

-10.09%

-16.18%

Max Drawdown (1Y)

Largest decline over 1 year

-14.91%

-6.23%

-8.68%

Current Drawdown

Current decline from peak

-12.27%

-2.84%

-9.43%

Average Drawdown

Average peak-to-trough decline

-3.51%

-2.05%

-1.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.04%

1.39%

+2.65%

Volatility

QQQY.TO vs. UMAX.TO - Volatility Comparison

Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) has a higher volatility of 7.54% compared to Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) at 2.22%. This indicates that QQQY.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.

Loading graphics...

Volatility by Period

QQQY.TOUMAX.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.54%

2.22%

+5.32%

Volatility (6M)

Calculated over the trailing 6-month period

15.39%

4.78%

+10.61%

Volatility (1Y)

Calculated over the trailing 1-year period

26.30%

7.81%

+18.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

46,687.01%

8.68%

+46,678.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

46,687.01%

8.68%

+46,678.33%