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$1,000 invested 2023-10, distributions reinvestedto 2026-08-04
HMAX $2,115 QMAX $2,190

Both start at 2023-10, the first month they share — comparing from each fund's own inception would give the older one a head start. Before tax and commissions.

Side by side

Measure HMAX QMAX
Price $18.14 $25.80
Distribution per month $0.1680 $0.2260
Distribution per year $1.99 $2.52
Yield 10.96% 9.76%
Total return (DRIP) 81.8% 123.0%
Price return 12.7% 63.7%
Management fee 0.65% 0.65%
Return of capital 83% 84%
Eligible dividends 17% 0%
Fund assets $2.59B $1.01B
Risk rating Medium Medium
Payments made 42 33
Times reduced 15 9

Bold marks the more favourable figure where one direction is unambiguously better — a higher yield, a lower fee, fewer reductions. Most rows have no better side: a higher return of capital is neither good nor bad on its own, it changes when you pay tax rather than how much you earn.

Overlapping holdings

No overlapping holdings. The two are exposed to entirely different companies, so holding both spreads single-name risk rather than doubling down on it. Worth noting that shared holdings are not the only source of correlation — two funds can own nothing in common and still fall together if they are exposed to the same market or the same rate environment.

See this across everything you hold.

Overlap only tells the whole story once every holding is in one place — with combined income projections on your real units.

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Prices as at 2026-08-04, as published by Hamilton ETFs. Tax figures are the last published year. Reinvestment assumes fractional units and no commission. Not a recommendation and not tax advice — see the disclaimer.