UMAX.TO vs. AVGY.TO
UMAX.TO (Hamilton Utilities YIELD MAXIMIZER ETF) and AVGY.TO (Harvest Broadcom Enhanced High Income Shares ETF - Class A Units) are both Derivative Income funds. Both are actively managed. Over the past year, UMAX.TO returned 13.44% vs 107.90% for AVGY.TO. At a correlation of -0.08, they often move in opposite directions. UMAX.TO charges 0.65%/yr vs 0.40%/yr for AVGY.TO.
Performance
UMAX.TO vs. AVGY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, UMAX.TO achieves a 8.78% return, which is significantly lower than AVGY.TO's 42.92% return.
UMAX.TO
- 1D
- 0.19%
- 1M
- 3.71%
- YTD
- 8.78%
- 6M
- 8.52%
- 1Y
- 13.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGY.TO
- 1D
- -0.45%
- 1M
- 19.17%
- YTD
- 42.92%
- 6M
- 27.21%
- 1Y
- 107.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UMAX.TO vs. AVGY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF | 8.78% | 6.40% |
AVGY.TO Harvest Broadcom Enhanced High Income Shares ETF - Class A Units | 42.92% | 83.42% |
Correlation
The correlation between UMAX.TO and AVGY.TO is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | -0.08 |
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Return for Risk
UMAX.TO vs. AVGY.TO — Risk / Return Rank
UMAX.TO
AVGY.TO
UMAX.TO vs. AVGY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) and Harvest Broadcom Enhanced High Income Shares ETF - Class A Units (AVGY.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.
| UMAX.TO | AVGY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.38 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 3.81 | -1.17 |
| Martin ratioReturn relative to average drawdown | 9.13 | 8.81 | +0.31 |
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
| UMAX.TO | AVGY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 2.39 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 2.30 | -1.30 |
Drawdowns
UMAX.TO vs. AVGY.TO - Drawdown Comparison
The maximum UMAX.TO drawdown since its inception was -10.09%, smaller than the maximum AVGY.TO drawdown of -28.78%. Use the drawdown chart below to compare losses from any high point for UMAX.TO and AVGY.TO.
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Drawdown Indicators
| UMAX.TO | AVGY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.09% | -28.78% | +18.69% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -28.50% | +23.39% |
Current DrawdownCurrent decline from peak | -0.47% | -0.45% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -8.43% | +6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 12.29% | -10.79% |
Volatility
UMAX.TO vs. AVGY.TO - Volatility Comparison
The current volatility for Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) is 1.93%, while Harvest Broadcom Enhanced High Income Shares ETF - Class A Units (AVGY.TO) has a volatility of 13.20%. This indicates that UMAX.TO experiences smaller price fluctuations and is considered to be less risky than AVGY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UMAX.TO | AVGY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 13.20% | -11.27% |
Volatility (6M)Calculated over the trailing 6-month period | 5.54% | 33.23% | -27.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.65% | 45.46% | -38.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.68% | 51.13% | -42.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.68% | 51.13% | -42.45% |
UMAX.TO vs. AVGY.TO - Expense Ratio Comparison
UMAX.TO has a 0.65% expense ratio, which is higher than AVGY.TO's 0.40% expense ratio.
Dividends
UMAX.TO vs. AVGY.TO - Dividend Comparison
UMAX.TO's dividend yield for the trailing twelve months is around 14.00%, less than AVGY.TO's 19.08% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AVGY.TO Harvest Broadcom Enhanced High Income Shares ETF - Class A Units | 19.08% | 14.82% | 0.00% | 0.00% |
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF | 14.00% | 14.86% | 14.81% | 6.96% |
Frequently Asked Questions
UMAX.TO and AVGY.TO have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AVGY.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AVGY.TO is cheaper with a 0.40% expense ratio, compared with 0.65% for UMAX.TO.
They also come from different issuers: Hamilton Capital and Harvest. Their fees differ too: 0.65% for UMAX.TO and 0.40% for AVGY.TO.
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