TSE:UMAX

14.95
0.01 (0.07%) 1d
0
Investor Insights

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

The experts are comparing Hamilton Utilities Yield Maximizer ETF (UMAX-T) with HMAX and highlighting the key difference, which is UMAX's focus on blue-chip Canadian utilities and its options strategy to reduce volatility. They also discuss the composition of HMAX, with 75% exposure to the big 6 banks, and the argument that banks' exposure to real estate makes them more economically sensitive. Both ETFs do not use leverage but caution against the potential drag of covered writing in certain market conditions.

Consensus
mixed
Valuation
Fair Value
Similar
HXT-T, Horizons S&P/TSX 60™ Index ETF
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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 : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

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, there was no coverage of Hamilton Utilities Yield Maximizer ETF published on Stockchase.

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 2024-02-29, Hamilton Utilities Yield Maximizer ETF (UMAX-T) stock closed at a price of $14.95.