UMAX.TO vs. YAVG.NEO
UMAX.TO (Hamilton Utilities YIELD MAXIMIZER ETF) and YAVG.NEO (Broadcom (AVGO) Yield Shares Purpose ETF) are both Derivative Income funds. Both are actively managed. Over the past year, UMAX.TO returned 13.44% vs 133.32% for YAVG.NEO. At a correlation of -0.15, they often move in opposite directions.
Performance
UMAX.TO vs. YAVG.NEO - 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 YAVG.NEO's 59.96% return.
UMAX.TO
- 1D
- 0.19%
- 1M
- 3.71%
- YTD
- 8.78%
- 6M
- 8.52%
- 1Y
- 13.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YAVG.NEO
- 1D
- -0.50%
- 1M
- 16.03%
- YTD
- 59.96%
- 6M
- 46.17%
- 1Y
- 133.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UMAX.TO vs. YAVG.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF | 8.78% | 7.77% |
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF | 59.96% | 57.91% |
Correlation
The correlation between UMAX.TO and YAVG.NEO is -0.21, 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 | -0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | -0.15 |
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Return for Risk
UMAX.TO vs. YAVG.NEO — Risk / Return Rank
UMAX.TO
YAVG.NEO
UMAX.TO vs. YAVG.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) and Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO). 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 | YAVG.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.50 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 5.18 | -2.54 |
| Martin ratioReturn relative to average drawdown | 9.13 | 15.35 | -6.22 |
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 | YAVG.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 2.81 | -0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 2.03 | -1.04 |
Drawdowns
UMAX.TO vs. YAVG.NEO - Drawdown Comparison
The maximum UMAX.TO drawdown since its inception was -10.09%, smaller than the maximum YAVG.NEO drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for UMAX.TO and YAVG.NEO.
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Drawdown Indicators
| UMAX.TO | YAVG.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.09% | -39.57% | +29.48% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -25.90% | +20.79% |
Current DrawdownCurrent decline from peak | -0.47% | -0.50% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -8.26% | +6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 8.72% | -7.22% |
Volatility
UMAX.TO vs. YAVG.NEO - Volatility Comparison
The current volatility for Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) is 1.93%, while Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) has a volatility of 11.15%. This indicates that UMAX.TO experiences smaller price fluctuations and is considered to be less risky than YAVG.NEO 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 | YAVG.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 11.15% | -9.22% |
Volatility (6M)Calculated over the trailing 6-month period | 5.54% | 37.61% | -32.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.65% | 47.84% | -41.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.68% | 52.43% | -43.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.68% | 52.43% | -43.75% |
Dividends
UMAX.TO vs. YAVG.NEO - Dividend Comparison
UMAX.TO's dividend yield for the trailing twelve months is around 14.00%, less than YAVG.NEO's 21.76% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF | 14.00% | 14.86% | 14.81% | 6.96% |
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF | 21.76% | 8.90% | 0.00% | 0.00% |
Frequently Asked Questions
UMAX.TO and YAVG.NEO have a correlation of -0.21, 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: Hamilton Capital and Purpose Investments.
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