TLF.TO vs. QMAX.TO
TLF.TO (Brompton Tech Leaders Income ETF) and QMAX.TO (Hamilton Technology YIELD MAXIMIZER ETF) are both Technology Equities funds. Both are actively managed. Over the past year, TLF.TO returned 35.54% vs 24.68% for QMAX.TO. Their correlation of 0.83 suggests significant overlap in exposure.
Performance
TLF.TO vs. QMAX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TLF.TO achieves a 23.03% return, which is significantly higher than QMAX.TO's 13.64% return.
TLF.TO
- 1D
- -3.28%
- 1M
- -5.50%
- 6M
- 20.92%
- YTD
- 23.03%
- 1Y
- 35.54%
- 3Y*
- 24.16%
- 5Y*
- 16.29%
- 10Y*
- 21.43%
QMAX.TO
- 1D
- -2.35%
- 1M
- -5.65%
- 6M
- 15.93%
- YTD
- 13.64%
- 1Y
- 24.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLF.TO vs. QMAX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TLF.TO Brompton Tech Leaders Income ETF | 23.03% | 18.20% | 21.45% | 16.54% |
QMAX.TO Hamilton Technology YIELD MAXIMIZER ETF | 13.64% | 16.54% | 37.66% | 14.41% |
Correlation
The correlation between TLF.TO and QMAX.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 TLF.TO and QMAX.TO has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.
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Return for Risk
TLF.TO vs. QMAX.TO — Risk / Return Rank
TLF.TO
QMAX.TO
TLF.TO vs. QMAX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brompton Tech Leaders Income ETF (TLF.TO) and Hamilton Technology YIELD MAXIMIZER ETF (QMAX.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.
| TLF.TO | QMAX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 1.08 | +1.34 |
| Martin ratioReturn relative to average drawdown | 8.32 | 2.91 | +5.42 |
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Drawdowns
TLF.TO vs. QMAX.TO - Drawdown Comparison
The maximum TLF.TO drawdown since its inception was -37.19%, which is greater than QMAX.TO's maximum drawdown of -26.77%. Use the drawdown chart below to compare losses from any high point for TLF.TO and QMAX.TO.
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Drawdown Indicators
| TLF.TO | QMAX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.19% | -26.77% | -10.42% |
Max Drawdown (1Y)Largest decline over 1 year | -14.73% | -22.86% | +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 | -9.90% | -9.89% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -5.18% | -2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 8.52% | -4.24% |
Volatility
TLF.TO vs. QMAX.TO - Volatility Comparison
Brompton Tech Leaders Income ETF (TLF.TO) has a higher volatility of 13.68% compared to Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) at 10.41%. This indicates that TLF.TO's price experiences larger fluctuations and is considered to be riskier than QMAX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLF.TO | QMAX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.68% | 10.41% | +3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 21.94% | 20.93% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.64% | 24.41% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.84% | 24.61% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.22% | 24.61% | -0.39% |
Dividends
TLF.TO vs. QMAX.TO - Dividend Comparison
TLF.TO's dividend yield for the trailing twelve months is around 5.60%, less than QMAX.TO's 10.20% 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 | 5.60% | 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
TLF.TO and QMAX.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: Brompton and Hamilton Capital.
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