Alternatives to UMAX.
Two different questions, and most lists answer only the first: what is like UMAX, and what pays similar income without holding the same companies.
Not an alternative — a wrapper
HDIV has a direct holding relationship with UMAX: one holds the other outright. Swapping between them is not switching exposure, and owning both concentrates rather than diversifies.
Closest to UMAX
Same mandate, or genuinely shared holdings. Use these to swap — not to hold alongside.
Similar income, different companies
Under 5% shared holdings with UMAX, ranked by yield. These are the ones worth holding alongside it rather than instead of it.
| Symbol | Sector | Overlap | Yield | Per month | Compare |
|---|---|---|---|---|---|
| LMAX | Healthcare | 0.0% | 12.35% | $0.1420 | vs |
| HYLD | US Multi-Sector | 0.0% | 11.59% | $0.1630 | vs |
| HMAX | Financials | 0.0% | 10.96% | $0.1680 | vs |
| AMAX | Gold | 0.0% | 10.58% | $0.2850 | vs |
| RMAX | REITs | 0.0% | 10.36% | $0.1480 | vs |
| EMAX | Energy | 0.0% | 10.26% | $0.1430 | vs |
| SMAX | US Equity | 0.0% | 9.82% | $0.1980 | vs |
| QMAX | Technology | 0.0% | 9.76% | $0.2260 | vs |
Overlap is the share of the two portfolios that is the same company, by the smaller of the two weights. Holdings as at 2026-08-04. Only the 10 funds covered here are compared.
Check overlap across everything you hold.
Two funds at a time is the easy case. Import your portfolio and see every company you own twice, across every holding at once.