UMAX.TO vs. YCST.NEO
UMAX.TO (Hamilton Utilities YIELD MAXIMIZER ETF) and YCST.NEO (Costco (COST) Yield Shares Purpose ETF) are both Derivative Income funds. Both are actively managed. Over the past year, UMAX.TO returned 13.44% vs -7.85% for YCST.NEO. At a 0.27 correlation, their price movements are largely independent. UMAX.TO charges 0.65%/yr vs 0.40%/yr for YCST.NEO.
Performance
UMAX.TO vs. YCST.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 YCST.NEO's 12.72% return.
UMAX.TO
- 1D
- 0.19%
- 1M
- 3.71%
- YTD
- 8.78%
- 6M
- 8.52%
- 1Y
- 13.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YCST.NEO
- 1D
- 0.77%
- 1M
- -5.63%
- YTD
- 12.72%
- 6M
- 5.30%
- 1Y
- -7.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UMAX.TO vs. YCST.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF | 8.78% | 7.77% |
YCST.NEO Costco (COST) Yield Shares Purpose ETF | 12.72% | -16.43% |
Correlation
The correlation between UMAX.TO and YCST.NEO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | 0.27 |
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Return for Risk
UMAX.TO vs. YCST.NEO — Risk / Return Rank
UMAX.TO
YCST.NEO
UMAX.TO vs. YCST.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) and Costco (COST) Yield Shares Purpose ETF (YCST.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 | YCST.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.41 | ||
| Sortino ratioReturn per unit of downside risk | +3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.95 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | -0.40 | +3.05 |
| Martin ratioReturn relative to average drawdown | 9.13 | -0.81 | +9.93 |
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 | YCST.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | -0.38 | +2.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | -0.18 | +1.18 |
Drawdowns
UMAX.TO vs. YCST.NEO - Drawdown Comparison
The maximum UMAX.TO drawdown since its inception was -10.09%, smaller than the maximum YCST.NEO drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for UMAX.TO and YCST.NEO.
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Drawdown Indicators
| UMAX.TO | YCST.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.09% | -19.70% | +9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -19.54% | +14.43% |
Current DrawdownCurrent decline from peak | -0.47% | -12.62% | +12.15% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -8.56% | +6.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 9.91% | -8.41% |
Volatility
UMAX.TO vs. YCST.NEO - Volatility Comparison
The current volatility for Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) is 1.93%, while Costco (COST) Yield Shares Purpose ETF (YCST.NEO) has a volatility of 10.33%. This indicates that UMAX.TO experiences smaller price fluctuations and is considered to be less risky than YCST.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 | YCST.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 10.33% | -8.40% |
Volatility (6M)Calculated over the trailing 6-month period | 5.54% | 16.64% | -11.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.65% | 20.54% | -13.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.68% | 25.22% | -16.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.68% | 25.22% | -16.54% |
UMAX.TO vs. YCST.NEO - Expense Ratio Comparison
UMAX.TO has a 0.65% expense ratio, which is higher than YCST.NEO's 0.40% expense ratio.
Dividends
UMAX.TO vs. YCST.NEO - Dividend Comparison
UMAX.TO's dividend yield for the trailing twelve months is around 14.00%, which matches YCST.NEO's 14.01% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF | 14.00% | 14.86% | 14.81% | 6.96% |
YCST.NEO Costco (COST) Yield Shares Purpose ETF | 14.01% | 10.21% | 0.00% | 0.00% |
Frequently Asked Questions
UMAX.TO and YCST.NEO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, YCST.NEO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YCST.NEO is cheaper with a 0.40% expense ratio, compared with 0.65% for UMAX.TO.
They also come from different issuers: Hamilton Capital and Purpose Investments. Their fees differ too: 0.65% for UMAX.TO and 0.40% for YCST.NEO.
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