UMAX.TO vs. QQQ
Compare and contrast key facts about Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) and Invesco QQQ ETF (QQQ).
UMAX.TO and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UMAX.TO is an actively managed fund by Hamilton Capital. It was launched on Jun 14, 2023. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
UMAX.TO vs. QQQ - Performance Comparison
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UMAX.TO vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF | 4.87% | 9.95% | 5.97% | 0.81% |
QQQ Invesco QQQ ETF | -4.65% | 15.23% | 36.37% | 11.38% |
Different Trading Currencies
UMAX.TO is traded in CAD, while QQQ is traded in USD. To make them comparable, the QQQ values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, UMAX.TO achieves a 4.87% return, which is significantly higher than QQQ's -7.69% return.
UMAX.TO
- 1D
- -0.84%
- 1M
- -2.21%
- YTD
- 4.87%
- 6M
- 5.47%
- 1Y
- 11.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQ
- 1D
- 0.00%
- 1M
- -6.05%
- YTD
- -7.69%
- 6M
- -6.77%
- 1Y
- 15.75%
- 3Y*
- 22.17%
- 5Y*
- 14.48%
- 10Y*
- 19.25%
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UMAX.TO vs. QQQ - Expense Ratio Comparison
UMAX.TO has a 0.65% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
UMAX.TO vs. QQQ — Risk / Return Rank
UMAX.TO
QQQ
UMAX.TO vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 0.72 | +0.73 |
Sortino ratioReturn per unit of downside risk | 2.00 | 1.13 | +0.87 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.17 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.32 | +0.53 |
Martin ratioReturn relative to average drawdown | 8.59 | 3.82 | +4.77 |
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 | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 0.72 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 1.08 | -0.18 |
Correlation
The correlation between UMAX.TO and QQQ 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
UMAX.TO vs. QQQ - Dividend Comparison
UMAX.TO's dividend yield for the trailing twelve months is around 13.09%, more than QQQ's 0.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF | 13.09% | 14.86% | 14.81% | 6.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
UMAX.TO vs. QQQ - Drawdown Comparison
The maximum UMAX.TO drawdown since its inception was -10.09%, smaller than the maximum QQQ drawdown of -31.80%. Use the drawdown chart below to compare losses from any high point for UMAX.TO and QQQ.
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Drawdown Indicators
| UMAX.TO | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.09% | -82.97% | +72.88% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -12.62% | +6.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -2.84% | -8.98% | +6.14% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -32.99% | +30.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 3.41% | -2.02% |
Volatility
UMAX.TO vs. QQQ - Volatility Comparison
The current volatility for Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) is 2.22%, while Invesco QQQ ETF (QQQ) has a volatility of 5.32%. This indicates that UMAX.TO experiences smaller price fluctuations and is considered to be less risky than QQQ 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 | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 5.32% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.78% | 12.24% | -7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.81% | 22.12% | -14.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.68% | 20.67% | -11.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.68% | 20.79% | -12.11% |