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YGOG.NEO vs. UMAX.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

YGOG.NEO vs. UMAX.TO

Last updated Jun 4, 2026

YGOG.NEO (Alphabet (GOOGL) 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, YGOG.NEO returned 119.67% vs 13.44% for UMAX.TO. At a 0.05 correlation, their price movements are largely independent. YGOG.NEO charges 0.40%/yr vs 0.65%/yr for UMAX.TO.

Performance

YGOG.NEO vs. UMAX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.NEO) and Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, YGOG.NEO achieves a 10.76% return, which is significantly higher than UMAX.TO's 8.78% return.

YGOG.NEO

1D
-0.97%
1M
-7.79%
YTD
10.76%
6M
8.82%
1Y
119.67%
3Y*
45.35%
5Y*
—
10Y*
—

UMAX.TO

1D
0.19%
1M
3.71%
YTD
8.78%
6M
8.52%
1Y
13.44%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

YGOG.NEO vs. UMAX.TO - Yearly Performance Comparison

2026 (YTD)202520242023
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETF		10.76%69.45%46.37%11.03%
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF		8.78%9.95%5.97%0.81%

Correlation

The correlation between YGOG.NEO and UMAX.TO is -0.11, 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

-0.11

Correlation (All Time)
Calculated using the full available price history since Jun 16, 2023

0.05

The correlation between YGOG.NEO and UMAX.TO shifts across timeframes, from -0.11 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.

YGOG.NEO vs. UMAX.TO - Sectors Allocation Comparison

Sectors
YGOG.NEO
UMAX.TO

Communication Services

100.0%
21.4%

Basic Materials

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

24.4%

Financial Services

-

-

Healthcare

-

-

Industrials

-

23.6%

Real Estate

-

-

Technology

-

-

Utilities

-

30.6%

Communication Services

YGOG.NEO
100.0%
UMAX.TO
21.4%

Basic Materials

YGOG.NEO

-

UMAX.TO

-

Consumer Cyclical

YGOG.NEO

-

UMAX.TO

-

Consumer Defensive

YGOG.NEO

-

UMAX.TO

-

Energy

YGOG.NEO

-

UMAX.TO
24.4%

Financial Services

YGOG.NEO

-

UMAX.TO

-

Healthcare

YGOG.NEO

-

UMAX.TO

-

Industrials

YGOG.NEO

-

UMAX.TO
23.6%

Real Estate

YGOG.NEO

-

UMAX.TO

-

Technology

YGOG.NEO

-

UMAX.TO

-

Utilities

YGOG.NEO

-

UMAX.TO
30.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Alphabet (GOOGL) Yield Shares Purpose ETF

Hamilton Utilities YIELD MAXIMIZER ETF

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Often compared with UMAX.TO:
UMAX.TO vs. HMAX.TOUMAX.TO vs. UTESUMAX.TO vs. AMAX.TOUMAX.TO vs. UTES.TOUMAX.TO vs. HCAL.TOUMAX.TO vs. ZWU.TOUMAX.TO vs. QMAX.TO

Return for Risk

YGOG.NEO vs. UMAX.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
YGOG.NEO
YGOG.NEO Risk / Return Rank: 9292
Overall Rank
YGOG.NEO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
YGOG.NEO Sortino Ratio Rank: 9494
Sortino Ratio Rank
YGOG.NEO Omega Ratio Rank: 9292
Omega Ratio Rank
YGOG.NEO Calmar Ratio Rank: 9090
Calmar Ratio Rank
YGOG.NEO Martin Ratio Rank: 9090
Martin Ratio Rank
UMAX.TO
UMAX.TO Risk / Return Rank: 5858
Overall Rank
UMAX.TO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
UMAX.TO Sortino Ratio Rank: 6868
Sortino Ratio Rank
UMAX.TO Omega Ratio Rank: 6060
Omega Ratio Rank
UMAX.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
UMAX.TO Martin Ratio Rank: 5353
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.

YGOG.NEO vs. UMAX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.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.

YGOG.NEOUMAX.TODifference

Sharpe ratio

Return per unit of total volatility

3.77

2.03

+1.74

Sortino ratio

Return per unit of downside risk

4.77

3.16

+1.61

Omega ratio

Gain probability vs. loss probability

1.61

1.37

+0.23

Calmar ratio

Return relative to maximum drawdown

5.52

2.64

+2.88

Martin ratio

Return relative to average drawdown

20.61

9.13

+11.48

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YGOG.NEO vs. UMAX.TO - Sharpe Ratio Comparison

The current YGOG.NEO Sharpe Ratio is 3.77, which is higher than the UMAX.TO Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of YGOG.NEO and UMAX.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

YGOG.NEOUMAX.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.77

2.03

+1.74

Sharpe Ratio (All Time)

Calculated using the full available price history

1.62

1.00

+0.62

Drawdowns

YGOG.NEO vs. UMAX.TO - Drawdown Comparison

The maximum YGOG.NEO drawdown since its inception was -33.45%, 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 YGOG.NEO and UMAX.TO.

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Drawdown Indicators

YGOG.NEOUMAX.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.45%

-10.09%

-23.36%

Max Drawdown (1Y)

Largest decline over 1 year

-21.82%

-5.11%

-16.71%

Max Drawdown (3Y)

Largest decline over 3 years

-33.45%

—

—

Current Drawdown

Current decline from peak

-11.86%

-0.47%

-11.39%

Average Drawdown

Average peak-to-trough decline

-7.59%

-2.06%

-5.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.83%

1.50%

+4.33%

Volatility

YGOG.NEO vs. UMAX.TO - Volatility Comparison

Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.NEO) has a higher volatility of 11.10% compared to Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) at 1.93%. This indicates that YGOG.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

YGOG.NEOUMAX.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

11.10%

1.93%

+9.17%

Volatility (6M)

Calculated over the trailing 6-month period

22.75%

5.54%

+17.21%

Volatility (1Y)

Calculated over the trailing 1-year period

32.02%

6.65%

+25.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.94%

8.68%

+24.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.94%

8.68%

+24.26%

YGOG.NEO vs. UMAX.TO - Expense Ratio Comparison

YGOG.NEO has a 0.40% expense ratio, which is lower than UMAX.TO's 0.65% expense ratio.

Dividends

YGOG.NEO vs. UMAX.TO - Dividend Comparison

YGOG.NEO's dividend yield for the trailing twelve months is around 8.15%, less than UMAX.TO's 14.00% yield.

PositionTTM2025202420232022
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF		14.00%14.86%14.81%6.96%0.00%
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETF		8.15%5.84%14.19%7.22%0.91%

Frequently Asked Questions

YGOG.NEO and UMAX.TO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, YGOG.NEO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

YGOG.NEO is cheaper with a 0.40% expense ratio, compared with 0.65% for UMAX.TO.

They also come from different issuers: Purpose and Hamilton Capital. Their fees differ too: 0.40% for YGOG.NEO and 0.65% for UMAX.TO.

Portfolio Optimizer

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