TSX · CAD · ETF

Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) ETF Analysis

UMAX.TO

Expense ratio 0.77% Yield 15.2% Assets CA$1.40B Since June 14, 2023 Family Hamilton Capital Partners Inc.

Last Updated: October 21, 2026

CA$12.32

−CA$0.02 (−0.16%)

October 21, 2026 · Market close

Compare

Price History

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

Compare UMAX.TO with… →

UMAX.TO Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+3.24%	+3.24%	CA$103.24	CA$309.73
3 years	+32.08%	+9.72%	CA$132.08	CA$396.24

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

UMAX.TO Return by Calendar Year

2023 and 2026 are partial years

+0.81%+9.95%+3.57%

2023*202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+3.57%
2025	+9.95%
2024	+5.97%
2023 (partial year)	+0.81%

UMAX.TO Monthly Returns

−5%+6%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+1.4	+5.7	−1.1	−0.5	+2.3	+0.1	+0.8	−2.4	−4.9	+2.4	—	—
2025	+2.9	+0.9	−0.1	−0.7	+2.3	−0.6	+0.8	+2.6	+1.0	−0.2	+1.9	−1.1
2024	+1.6	+0.3	+0.3	−3.4	+2.9	−1.7	+5.7	+1.9	+2.5	−1.0	+1.7	−4.6
2023	—	—	—	—	—	—	−2.4	−1.4	−3.9	−0.2	+4.8	+3.0

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

UMAX.TO Volatility & Risk

Volatility: 3 yrs · Beta: 3 yrs

Annualized volatility: 8.45%
Beta (3y): 0.32
Best year: +9.95%
Worst year: +5.97%

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

Top Holdings

#	Symbol	Name	Weight
1	CP.TO	Canadian Pacific Kansas City Ltd	8.11%
2	CNR.TO	Canadian National Railway Co	7.99%
3	FTS.TO	Fortis Inc	7.97%
4	WCN	Waste Connections Inc	7.93%
5	BIP-UN.TO	Brookfield Infrastructure Partners LP	7.89%
6	BCE.TO	BCE Inc	7.84%
7	PPL.TO	Pembina Pipeline Corp	7.69%
8	EMA.TO	Emera Inc	7.68%
9	T.TO	TELUS Corp	7.64%
10	TRP.TO	TC Energy Corp	7.54%

Analysis

Data-derived

Fund Overview

Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) is an exchange-traded fund. Total net assets stand at CA$1.40B. Annual costs run at an expense ratio of 0.77%. On a CA$10,000 position that is CA$77.00 a year. The fund is issued by Hamilton Capital Partners Inc. It has been trading since June 14, 2023.

The largest positions on file are Canadian Pacific Kansas City Ltd (CP.TO), Canadian National Railway Co (CNR.TO), and Fortis Inc (FTS.TO). Canadian Pacific Kansas City Ltd alone accounts for 8.11% of the portfolio. The ten largest positions together make up 78.28% of the fund.

Performance Analysis

The most recent close on file for UMAX.TO is CA$12.32, dated October 21, 2026. Over the trailing twelve months the total return is +3.24%. Measured over 3 years, that is +9.72% a year compounded. The trailing distribution yield is 15.2%.

Across the complete calendar years on file, 2025 returned +9.95% and 2024 returned +5.97%. So far in 2026 the total return is +3.57%.

Price & Risk Profile

Annualized volatility over the trailing 3 years is 8.45%. Beta against the wider market is reported at 0.32. The 52-week range on file runs from CA$11.92 to CA$13.90. The latest close sits 3.36% 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.

More Hamilton Capital Partners Inc. ETFs

HMAX.TO

Hamilton Canadian Financials YIELD MAXIMIZER ETF

CA$2.52B

HDIV.TO

Hamilton Enhanced Canadian Covered Call ETF

CA$1.91B

HEB.TO

HAMILTON CHAMPIONS Canadian Bank Equal-Weight Index ETF

CA$1.32B

HCAL.TO

Hamilton Enhanced Canadian Bank ETF

CA$981.22M

CMVP.TO

HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units

CA$605.22M

EMAX.TO

Hamilton Energy YIELD MAXIMIZER ETF

CA$573.27M