YCST.NEO vs. HMAX.TO
YCST.NEO (Costco (COST) Yield Shares Purpose ETF) and HMAX.TO (Hamilton Canadian Financials YIELD MAXIMIZER ETF) are both Derivative Income funds. Both are actively managed. Over the past year, YCST.NEO returned -7.85% vs 35.28% for HMAX.TO. At a 0.10 correlation, their price movements are largely independent. YCST.NEO charges 0.40%/yr vs 0.65%/yr for HMAX.TO.
Performance
YCST.NEO vs. HMAX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, YCST.NEO achieves a 12.72% return, which is significantly higher than HMAX.TO's 11.17% return.
YCST.NEO
- 1D
- 0.77%
- 1M
- -5.63%
- YTD
- 12.72%
- 6M
- 5.30%
- 1Y
- -7.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HMAX.TO
- 1D
- -0.55%
- 1M
- 4.52%
- YTD
- 11.17%
- 6M
- 14.64%
- 1Y
- 35.28%
- 3Y*
- 21.76%
- 5Y*
- —
- 10Y*
- —
YCST.NEO vs. HMAX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YCST.NEO Costco (COST) Yield Shares Purpose ETF | 12.72% | -16.43% |
HMAX.TO Hamilton Canadian Financials YIELD MAXIMIZER ETF | 11.17% | 26.33% |
Correlation
The correlation between YCST.NEO and HMAX.TO is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | 0.10 |
The correlation between YCST.NEO and HMAX.TO shifts across timeframes, from -0.04 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
YCST.NEO vs. HMAX.TO — Risk / Return Rank
YCST.NEO
HMAX.TO
YCST.NEO vs. HMAX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Costco (COST) Yield Shares Purpose ETF (YCST.NEO) and Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.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.
| YCST.NEO | HMAX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.94 | ||
| Sortino ratioReturn per unit of downside risk | -5.44 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.67 | -0.72 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 4.86 | -5.27 |
| Martin ratioReturn relative to average drawdown | -0.81 | 21.27 | -22.07 |
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
| YCST.NEO | HMAX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.38 | 3.56 | -3.94 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.18 | 1.54 | -1.72 |
Drawdowns
YCST.NEO vs. HMAX.TO - Drawdown Comparison
The maximum YCST.NEO drawdown since its inception was -19.70%, which is greater than HMAX.TO's maximum drawdown of -15.34%. Use the drawdown chart below to compare losses from any high point for YCST.NEO and HMAX.TO.
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Drawdown Indicators
| YCST.NEO | HMAX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -15.34% | -4.36% |
Max Drawdown (1Y)Largest decline over 1 year | -19.54% | -7.29% | -12.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.48% | — |
Current DrawdownCurrent decline from peak | -12.62% | -0.91% | -11.71% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -2.94% | -5.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.91% | 1.66% | +8.25% |
Volatility
YCST.NEO vs. HMAX.TO - Volatility Comparison
Costco (COST) Yield Shares Purpose ETF (YCST.NEO) has a higher volatility of 10.33% compared to Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) at 3.28%. This indicates that YCST.NEO's price experiences larger fluctuations and is considered to be riskier than HMAX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YCST.NEO | HMAX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.33% | 3.28% | +7.05% |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | 8.55% | +8.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.54% | 9.95% | +10.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.22% | 11.42% | +13.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.22% | 11.42% | +13.80% |
YCST.NEO vs. HMAX.TO - Expense Ratio Comparison
YCST.NEO has a 0.40% expense ratio, which is lower than HMAX.TO's 0.65% expense ratio.
Dividends
YCST.NEO vs. HMAX.TO - Dividend Comparison
YCST.NEO's dividend yield for the trailing twelve months is around 14.01%, more than HMAX.TO's 11.59% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HMAX.TO Hamilton Canadian Financials YIELD MAXIMIZER ETF | 11.59% | 12.29% | 14.08% | 15.47% |
YCST.NEO Costco (COST) Yield Shares Purpose ETF | 14.01% | 10.21% | 0.00% | 0.00% |
Frequently Asked Questions
YCST.NEO and HMAX.TO have a correlation of -0.04, 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 HMAX.TO.
They also come from different issuers: Purpose Investments and Hamilton Capital. Their fees differ too: 0.40% for YCST.NEO and 0.65% for HMAX.TO.
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