YAVG.NEO vs. UMAX.TO
YAVG.NEO (Broadcom (AVGO) Yield Shares Purpose ETF) and UMAX.TO (Hamilton Utilities YIELD MAXIMIZER ETF) are both Derivative Income funds. Both are actively managed. Over the past year, YAVG.NEO returned 133.32% vs 13.44% for UMAX.TO. At a correlation of -0.15, they often move in opposite directions.
Performance
YAVG.NEO vs. UMAX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, YAVG.NEO achieves a 59.96% return, which is significantly higher than UMAX.TO's 8.78% return.
YAVG.NEO
- 1D
- -0.50%
- 1M
- 16.03%
- YTD
- 59.96%
- 6M
- 46.17%
- 1Y
- 133.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UMAX.TO
- 1D
- 0.19%
- 1M
- 3.71%
- YTD
- 8.78%
- 6M
- 8.52%
- 1Y
- 13.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YAVG.NEO vs. UMAX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF | 59.96% | 57.91% |
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF | 8.78% | 7.77% |
Correlation
The correlation between YAVG.NEO and UMAX.TO 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
YAVG.NEO vs. UMAX.TO — Risk / Return Rank
YAVG.NEO
UMAX.TO
YAVG.NEO vs. UMAX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) 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.
| YAVG.NEO | UMAX.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.81 | 2.03 | +0.78 |
Sortino ratioReturn per unit of downside risk | 3.62 | 3.16 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.37 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 5.18 | 2.64 | +2.54 |
Martin ratioReturn relative to average drawdown | 15.35 | 9.13 | +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
| YAVG.NEO | UMAX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 2.03 | +0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.03 | 1.00 | +1.04 |
Drawdowns
YAVG.NEO vs. UMAX.TO - Drawdown Comparison
The maximum YAVG.NEO drawdown since its inception was -39.57%, which is greater than UMAX.TO's maximum drawdown of -10.09%. Use the drawdown chart below to compare losses from any high point for YAVG.NEO and UMAX.TO.
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Drawdown Indicators
| YAVG.NEO | UMAX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.57% | -10.09% | -29.48% |
Max Drawdown (1Y)Largest decline over 1 year | -25.90% | -5.11% | -20.79% |
Current DrawdownCurrent decline from peak | -0.50% | -0.47% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -2.06% | -6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.72% | 1.50% | +7.22% |
Volatility
YAVG.NEO vs. UMAX.TO - Volatility Comparison
Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) has a higher volatility of 11.15% compared to Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) at 1.93%. This indicates that YAVG.NEO's price experiences larger fluctuations and is considered to be riskier than UMAX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YAVG.NEO | UMAX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.15% | 1.93% | +9.22% |
Volatility (6M)Calculated over the trailing 6-month period | 37.61% | 5.54% | +32.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.84% | 6.65% | +41.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.43% | 8.68% | +43.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.43% | 8.68% | +43.75% |
Dividends
YAVG.NEO vs. UMAX.TO - Dividend Comparison
YAVG.NEO's dividend yield for the trailing twelve months is around 21.76%, more than UMAX.TO's 14.00% 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
YAVG.NEO and UMAX.TO 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: Purpose Investments and Hamilton Capital.
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