Question 1

What is UMAX?

Accepted Answer

UMAX — Hamilton Utilities YIELD MAXIMIZER ETF — is a Canadian-listed ETF trading on the TSX. UMAX is designed for attractive monthly income, while providing exposure to a portfolio of utility services equity securities, primarily domiciled/listed in Canada and the U.S. To reduce volatility and augment dividend income, UMAX will employ an active covered call strategy.

Question 2

What is the UMAX ETF price today?

Accepted Answer

UMAX last traded at $11.97 CAD on the TSX. See the price chart above for recent performance.

Question 3

What are UMAX annualised returns?

Accepted Answer

UMAX historical returns: YTD: -9.22%, 1-year: +2.81%, 3-year annualised: +7.37%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.64, which measures risk-adjusted return.

Question 4

Does UMAX pay dividends or distributions?

Accepted Answer

Yes, UMAX distributes income to unitholders. The current distribution yield is approximately 14.45%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 5

What does UMAX invest in?

Accepted Answer

UMAX's top holdings include Rogers Communications Inc (RCI-B, 8.6%), BCE Inc (BCE, 8.4%), Canadian Pacific Railway Ltd (CP, 8.1%), Waste Connections Inc (WCN, 7.8%), Pembina Pipeline Corp (PPL, 7.7%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Global Markets GR CAD.

Question 6

What sectors does UMAX invest in?

Accepted Answer

UMAX's largest sector exposures are Utilities (29.8%), Communication Services (24.4%), Industrials (23.4%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 7

How large is UMAX? (Assets under management)

Accepted Answer

UMAX has approximately $1.42B in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 8

When was UMAX launched?

Accepted Answer

UMAX was launched on June 14, 2023, giving it a 3-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 9

How do I buy UMAX in Canada?

Accepted Answer

UMAX trades on the TSX under the ticker UMAX. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 10

How risky is UMAX?

Accepted Answer

UMAX has a 1-year volatility of 7.23% and a beta of 0.36 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.64 indicates moderate risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-01	$12.03	$12.03	$11.94	$11.96	$11.96	222,028
2026-09-30	$11.95	$12.10	$11.95	$12.04	$12.04	459,462
2026-09-29	$12.02	$12.04	$11.97	$12.01	$12.01	299,538
2026-09-28	$12.20	$12.23	$12.14	$12.20	$12.20	473,421
2026-09-25	$12.28	$12.28	$12.16	$12.20	$12.20	400,789
2026-09-24	$12.30	$12.38	$12.26	$12.26	$12.26	322,896
2026-09-23	$12.36	$12.38	$12.29	$12.34	$12.34	663,436
2026-09-22	$12.38	$12.45	$12.34	$12.36	$12.36	297,061
2026-09-21	$12.43	$12.45	$12.37	$12.37	$12.37	423,770
2026-09-18	$12.50	$12.50	$12.41	$12.47	$12.47	257,837

#	Ticker	Name	Weight
1	RCI-B	Rogers Communications Inc	8.57%
2	BCE	BCE Inc	8.40%
3	CP	Canadian Pacific Railway Ltd	8.10%
4	WCN	Waste Connections Inc	7.82%
5	PPL	Pembina Pipeline Corp	7.72%
6	BIP-UN	Brookfield Infrastructure Partners L.P	7.72%
7	CNR	Canadian National Railway Co	7.70%
8	T	Telus Corp	7.68%
9	FTS	Fortis Inc	7.65%
10	ENB	Enbridge Inc	7.49%

Sector	Weight
Utilities	29.78%
Communication Services	24.40%
Industrials	23.37%
Energy	22.45%
Healthcare	0.00%
Technology	0.00%
Real Estate	0.00%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Consumer Defensive	0.00%
Financial Services	0.00%

Ticker	Name	Price	1D
MSTU		$43.77	+9.62%
OILU		$59.51	+6.19%
HOU	BetaPro Crude Oil Daily Bull ETF	$26.42	+5.98%
MUU		$19.42	+5.72%
RDDY	Harvest Reddit Enhanced High Income Shares ETF	$4.63	+5.71%
MSTE	Harvest MicroStrategy Enhanced High Income Shares ETF - Class A Units	$2.85	+4.40%
CSHI	Ninepoint Constellation Software HighShares ETF	$12.40	+4.11%
HND	BetaPro Natural Gas 2x Daily Bear	$24.40	+4.01%

CIBC Investor's Edge

Hamilton Utilities YIELD MAXIMIZER ETF (UMAX : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Hamilton Utilities YIELD MAXIMIZER ETF

ETF Details

7 stocks to buy and hold forever

Compare UMAX

Explore More

Compare UMAX vs Similar ETFs

Frequently Asked Questions — UMAX