Opinions Richard Orrell
Hamilton Technology Yield Maximizer ETFQMAX.TODON'T BUYAug 14, 2026
Stock price when the opinion was issued
As of Aug 14, 2026. Market Open.
You might be interested:
We think QMAX serves its purpose but we would still maintain our position size limit. ROC is not in and of itself bad, but if ETFs pay out more than they earn then there will be some Net asset value erosion over time. The ROC component does not matter so much in a non-reg account, but one still needs to consider total returns here. But with tech running QMAX is doing fine. Yield is 10.24% and one year total return 36.13%.
Unlock Premium - Try 5i Free
Hamilton ETFs has a whole series of sector-based, option strategy ETFs for enhanced income. He likes these ETFs, but it you are really bullish on the outlook, you want the underlying holdings and not the extra income necessarily. But if you want income, this is a great way to get it tax-efficiently, though you will give up long-term growth.
Covered call strategy on a small group of technology stocks. Entices you with the yield, but about 80% is return of capital. He's not interested.
Instead, just own a NASDAQ ETF and trim periodically.