Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

The reviews suggest that UMAX-T is a focused ETF on blue-chip Canadian utilities, aiming to reduce volatility through an options strategy. The experts also point out that the yields may include return of capital and that covered writing can be a drag in certain market conditions. On the other hand, HMAX is similar but with exposure to the financial sector, particularly the big 6 banks. There is a consensus that the performance of these stocks may be influenced by economic conditions, and that both carry their own set of risks.

Consensus
Mixed
Valuation
Fair Value
Similar
XDU-T, ishares-core-MCSI-USA
PARTIAL BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

Most of the names in UMAX are seeing downward pressure on their share prices mostly due to high debt levels and margin compression from high interest expenses. With a decline in rates, we could see several of the underlying names in UMAX bouncing higher, and we feel that this could bode well for UMAX, however, it is a covered call ETF and so its unit price will not see as large of an increase as the underlying holdings would in the event of a rebound. For an investor seeking high yield and the potential for a recovery in share price, we think this name can do well if rates continue to decline, although, due to its covered call strategy, the unit price can continue to slide from here.
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HMAX vs. UMAX

Key difference is UMAX is focused on blue-chip, Canadian utilities. Reduces volatility by writing an options strategy. If you think we're going to be entering a more tumultuous period, utilities tend to do better.

HMAX is a similar setup, but with underlying financials. 75% exposure to the big 6 banks, which have struggled. Argument that banks' exposure to real estate makes them more economically sensitive. In a good economic environment, banks will do better.

Neither uses leverage. When the yields get juicy, remember that some of that's return of capital. Also remember that covered writing can be a drag if the market is anything but flat, slightly up, or slightly down.

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Hamilton Utilities Yield Maximizer ETF(UMAX-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Hamilton Utilities Yield Maximizer ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Hamilton Utilities Yield Maximizer ETF(UMAX-T) Frequently Asked Questions

What is Hamilton Utilities Yield Maximizer ETF stock symbol?

Hamilton Utilities Yield Maximizer ETF is a Canadian stock, trading under the symbol UMAX-T on the Toronto Stock Exchange (UMAX-CT). It is usually referred to as TSX:UMAX or UMAX-T

Is Hamilton Utilities Yield Maximizer ETF a buy or a sell?

In the last year, 1 stock analyst published opinions about UMAX-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Hamilton Utilities Yield Maximizer ETF.

Is Hamilton Utilities Yield Maximizer ETF a good investment or a top pick?

Hamilton Utilities Yield Maximizer ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Hamilton Utilities Yield Maximizer ETF.

Why is Hamilton Utilities Yield Maximizer ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Hamilton Utilities Yield Maximizer ETF worth watching?

In the last year, there was no coverage of Hamilton Utilities Yield Maximizer ETF published on Stockchase.

What is Hamilton Utilities Yield Maximizer ETF stock price?

On 2024-07-15, Hamilton Utilities Yield Maximizer ETF (UMAX-T) stock closed at a price of $14.27.