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StockVS

TSX · CAD · ETF

Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) ETF Analysis

HMAX.TO
Expense ratio 0.76% Yield 11.63% Assets CA$2.52B Since January 20, 2023 Family Hamilton Capital Partners Inc.

Last Updated: October 21, 2026

CA$17.60
+CA$0.21 (+1.21%)

October 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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HMAX.TO Annualized Returns

PeriodAnnualizedCA$100 becomes
1 year+28.42%CA$128.42
3 years+27.21%CA$205.84
Since January 23, 2023+17.30%CA$181.69

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

HMAX.TO Return by Calendar Year

2026 is a partial year

View as table ↓View as chart ↑
YearReturn
2026 (partial year)+18.80%
2025+27.21%
2024+20.67%
2023−0.36%

HMAX.TO Monthly Returns

−6%+9%
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026−0.8+2.5−2.8+8.4+3.7+6.7+0.8−2.6−0.4+2.4——
2025+2.4−1.1−3.4+1.4+5.1+3.2+1.1+4.0+3.4+2.1+3.7+3.0
2024−0.4+1.5+3.2−2.6+2.5−1.6+5.4+2.5+4.2−0.4+6.2−1.1
2023—−1.1−5.8+2.6−4.7+3.8+2.6−4.1−2.1−4.7+7.8+5.1

Monthly total returns with dividends reinvested; each cell prints its signed value.

HMAX.TO Volatility & Risk

Volatility: 3 yrs · Beta: 3 yrs
Annualized volatility
11.36%
Beta (3y)
0.80
Best year
+27.21%

2025

Worst year
−0.36%

2023

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Top Holdings

# Symbol Name Weight
1 RY Royal Bank of Canada 24.76%
2 TD The Toronto-Dominion Bank 17.56%
3 BMO.TO Bank of Montreal 10.59%
4 BNS.TO Bank of Nova Scotia 10.07%
5 CM.TO Canadian Imperial Bank of Commerce 9.13%
6 BN.TO Brookfield Corp Registered Shs -A- Limited Vtg 8.12%
7 MFC.TO Manulife Financial Corp 6.42%
8 GWO.TO Great-West Lifeco Inc 5.13%
9 NA.TO National Bank of Canada 5.06%
10 SLF.TO Sun Life Financial Inc 3.94%

Analysis

Data-derived

Fund Overview

Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) is an exchange-traded fund. Hamilton Capital Partners Inc. is the fund family on file. It has been trading since January 20, 2023. The fund holds CA$2.52B in total net assets. Annual costs run at an expense ratio of 0.76%. On a CA$10,000 position that is CA$76.00 a year.

Its biggest positions are Royal Bank of Canada (RY), The Toronto-Dominion Bank (TD), and Bank of Montreal (BMO.TO). Royal Bank of Canada alone accounts for 24.76% of the portfolio. The ten largest positions together make up 100.78% of the fund.

Performance Analysis

The most recent close on file for HMAX.TO is CA$17.60, dated October 21, 2026. The trailing one-year total return is +28.42%. Measured over 3 years, that is +27.21% a year compounded. The trailing distribution yield is 11.63%.

Across the complete calendar years on file, 2025 returned +27.21% and 2023 returned −0.36%. Of the 3 complete calendar years on file, 2 finished higher. 2026 is still running; the total return is +18.80% year to date.

Price & Risk Profile

Annualized volatility over the trailing 3 years is 11.36%. Beta against the wider market is reported at 0.8. The 52-week range on file runs from CA$15.11 to CA$18.60. The latest close sits 16.48% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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