XDIV vs. UMAX.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Roundhill S&P 500 No Dividend Target ETF (XDIV) and Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO).

XDIV and UMAX.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XDIV is an actively managed fund by Roundhill. It was launched on Jul 10, 2025. UMAX.TO is an actively managed fund by Hamilton Capital. It was launched on Jun 14, 2023.

Performance

XDIV vs. UMAX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill S&P 500 No Dividend Target ETF (XDIV) and Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO). The values are adjusted to include any dividend payments, if applicable.

XDIV vs. UMAX.TO - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	-4.00%	9.90%
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF	4.73%	3.41%

Different Trading Currencies

XDIV is traded in USD, while UMAX.TO is traded in CAD. To make them comparable, the UMAX.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XDIV achieves a -4.00% return, which is significantly lower than UMAX.TO's 4.72% return.

XDIV

• 1D: 0.45%
• 1M: -4.31%
• YTD: -4.00%
• 6M: -1.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UMAX.TO

• 1D: 0.00%
• 1M: -3.30%
• YTD: 4.72%
• 6M: 6.87%
• 1Y: 15.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XDIV vs. UMAX.TO - Expense Ratio Comparison

XDIV has a 0.09% expense ratio, which is lower than UMAX.TO's 0.65% expense ratio.

UMAX.TO

Hamilton Utilities YIELD MAXIMIZER ETF

XDIV

Roundhill S&P 500 No Dividend Target ETF

Return for Risk

XDIV vs. UMAX.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UMAX.TO

UMAX.TO Risk / Return Rank: 80
UMAX.TO Sharpe Ratio Rank: 82
UMAX.TO Sortino Ratio Rank: 83
UMAX.TO Omega Ratio Rank: 80
UMAX.TO Calmar Ratio Rank: 73
UMAX.TO Martin Ratio Rank: 80

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.

XDIV vs. UMAX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 No Dividend Target ETF (XDIV) and Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.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.

Sharpe Ratios by Period

	XDIV	UMAX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.57	+0.04

Correlation

The correlation between XDIV and UMAX.TO is 0.12, 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

XDIV vs. UMAX.TO - Dividend Comparison

XDIV has not paid dividends to shareholders, while UMAX.TO's dividend yield for the trailing twelve months is around 14.26%.

	TTM	2025	2024	2023
XDIV Roundhill S&P 500 No Dividend Target ETF	0.00%	0.00%	0.00%	0.00%
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF	14.26%	14.86%	14.81%	6.96%

Drawdowns

XDIV vs. UMAX.TO - Drawdown Comparison

The maximum XDIV drawdown since its inception was -9.16%, smaller than the maximum UMAX.TO drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for XDIV and UMAX.TO.

Drawdown Indicators

	XDIV	UMAX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-9.16%	-10.09%	+0.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.23%	—
Current Drawdown Current decline from peak	-5.76%	-1.83%	-3.93%
Average Drawdown Average peak-to-trough decline	-1.29%	-2.05%	+0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.35%	—

Volatility

Volatility by Period

	XDIV	UMAX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.58%	9.81%	+2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.58%	11.02%	+1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.58%	11.02%	+1.56%