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UMVP.TO vs. FMAX.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UMVP.TO vs. FMAX.TO

Last updated Jun 4, 2026

UMVP.TO (Hamilton Champions Utilities Index ETF) and FMAX.TO (Hamilton U.S. Financials Yield Maximizer ETF) are both exchange-traded funds - UMVP.TO is a Utilities Equities fund tracking the Solactive Canadian Utility Services High Dividend Index, while FMAX.TO is a Financials Equities fund actively managed by Hamilton. UMVP.TO is passively managed, while FMAX.TO is actively managed. At a correlation of -0.15, they often move in opposite directions.

Performance

UMVP.TO vs. FMAX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Champions Utilities Index ETF (UMVP.TO) and Hamilton U.S. Financials Yield Maximizer ETF (FMAX.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

UMVP.TO

1D
-0.17%
1M
4.40%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

FMAX.TO

1D
-0.88%
1M
-0.13%
YTD
-8.06%
6M
-6.74%
1Y
-0.31%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

UMVP.TO vs. FMAX.TO - Yearly Performance Comparison

2026 (YTD)
UMVP.TO
Hamilton Champions Utilities Index ETF		14.69%
FMAX.TO
Hamilton U.S. Financials Yield Maximizer ETF		-6.92%

Correlation

The correlation between UMVP.TO and FMAX.TO is -0.15, 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 (All Time)
Calculated using the full available price history since Jan 22, 2026

-0.15

Compare stocks, funds, or ETFs

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Hamilton Champions Utilities Index ETF

Hamilton U.S. Financials Yield Maximizer ETF

Often compared with UMVP.TO:
UMVP.TO vs. UTIL.TOUMVP.TO vs. HBA.TOUMVP.TO vs. HYLD-U.TOUMVP.TO vs. HEB.TOUMVP.TO vs. LMAX.TOUMVP.TO vs. ZUT.TOUMVP.TO vs. HCA.TO
Often compared with FMAX.TO:
FMAX.TO vs. LMAX.TOFMAX.TO vs. HYLD-U.TOFMAX.TO vs. HBA.TOFMAX.TO vs. CIC.TOFMAX.TO vs. BNKL.TOFMAX.TO vs. XUSF.TOFMAX.TO vs. QMVP.TO

Return for Risk

UMVP.TO vs. FMAX.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UMVP.TO
FMAX.TO
FMAX.TO Risk / Return Rank: 88
Overall Rank
FMAX.TO Sharpe Ratio Rank: 99
Sharpe Ratio Rank
FMAX.TO Sortino Ratio Rank: 88
Sortino Ratio Rank
FMAX.TO Omega Ratio Rank: 88
Omega Ratio Rank
FMAX.TO Calmar Ratio Rank: 99
Calmar Ratio Rank
FMAX.TO Martin Ratio Rank: 99
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UMVP.TO vs. FMAX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Champions Utilities Index ETF (UMVP.TO) and Hamilton U.S. Financials Yield Maximizer ETF (FMAX.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

UMVP.TO vs. FMAX.TO - Sharpe Ratio Comparison

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Sharpe Ratios by Period

UMVP.TOFMAX.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

-0.02

—

Sharpe Ratio (All Time)

Calculated using the full available price history

5.03

0.79

+4.24

Drawdowns

UMVP.TO vs. FMAX.TO - Drawdown Comparison

The maximum UMVP.TO drawdown since its inception was -4.57%, smaller than the maximum FMAX.TO drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for UMVP.TO and FMAX.TO.

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Drawdown Indicators

UMVP.TOFMAX.TODifference

Max Drawdown

Largest peak-to-trough decline

-4.57%

-17.84%

+13.27%

Max Drawdown (1Y)

Largest decline over 1 year

—

-15.83%

—

Current Drawdown

Current decline from peak

-0.96%

-10.97%

+10.01%

Average Drawdown

Average peak-to-trough decline

-0.81%

-4.11%

+3.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

6.40%

—

Volatility

UMVP.TO vs. FMAX.TO - Volatility Comparison

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Volatility by Period

UMVP.TOFMAX.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

—

3.53%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

11.29%

—

Volatility (1Y)

Calculated over the trailing 1-year period

9.11%

14.27%

-5.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.11%

16.01%

-6.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.11%

16.01%

-6.90%

Dividends

UMVP.TO vs. FMAX.TO - Dividend Comparison

UMVP.TO's dividend yield for the trailing twelve months is around 1.44%, less than FMAX.TO's 12.78% yield.

PositionTTM20252024
FMAX.TO
Hamilton U.S. Financials Yield Maximizer ETF		12.78%11.03%9.19%
UMVP.TO
Hamilton Champions Utilities Index ETF		1.44%0.00%0.00%

Frequently Asked Questions

UMVP.TO and FMAX.TO have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

UMVP.TO is categorized as Utilities Equities, while FMAX.TO is Financials Equities.

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