BMAX.TO vs EIT-UN.TO: Income Fund Comparison
Brompton Enhanced Multi-Asset Income ETF - Canada (BMAX.TO) and Canoe EIT Income Fund - Canada (EIT-UN.TO) are both income-focused funds. Below is our independent side-by-side review using the Dependable Income Investing 13-factor scoring system — designed specifically for income investors seeking reliable, sustainable distributions.
Also see: BMAX.TO individual review · EIT-UN.TO individual review
BMAX.TO: Subject to fees of the underlying ETFs held in the BMAX portfolio. MER is 2.62% as per www.bromptongroup.com/wp-content/uploads/2025/03/BMAX-CAD.pdf EIT-UN.TO: MER Including Issue Costs & Interest (%) is 2.13 which is high. BMAX.TO october 20th 2022 was inception date. EIT-UN.TO fund inception date was August 1997. Full Dependability and Return scores for both funds are available in the app.
| BMAX.TO | EIT-UN.TO | |
|---|---|---|
| Fund Name | Brompton Enhanced Multi-Asset Income ETF - Canada | Canoe EIT Income Fund - Canada |
| Fund Type | Diversified Fund | Diversified Fund |
| Exchange | TSX | TSX |
| Last Reviewed | 2025-12-09 | 2025-12-09 |
| Author | Adam Hyde, Income Investing Analyst | |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: BMAX.TO vs EIT-UN.TO 20% of overall score
Fund Attributes cover the foundational characteristics of each fund: cost, company backing, track record, and size. These factors reflect stability and cost-efficiency for long-term income investors.
Subject to fees of the underlying ETFs held in the BMAX portfolio. MER is 2.62% as per www.bromptongroup.com/wp-content/uploads/2025/03/BMAX-CAD.pdf
MER Including Issue Costs & Interest (%) is 2.13 which is high.
Brompton manages 41 TSX listed closed-end and exchange-traded funds with assets under management of over $3 billion.
Canoe manages more than 20.5 Billion in Assets.
October 20th 2022 was inception date.
Fund inception date was August 1997.
The aggregate Net Asset Value of the Fund was $153 million at Dec 2025.
3 Billion AUM in this fund. One of Canada’s largest closed-end funds.
Risk: BMAX.TO vs EIT-UN.TO 35% of overall score
Risk factors evaluate how each fund manages volatility, diversification, and the nature of its underlying assets — critical considerations for income investors who prioritise capital preservation.
Portfolio analyzer gives the beta at 0.73 which is good.
Portfolio Visualizer says the monthly Beta is 0.8 over the last 10 years.
See the full Risk analysis for both BMAX.TO and EIT-UN.TO — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: BMAX.TO vs EIT-UN.TO 45% of overall score
Return factors assess income generation quality: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.
Pays monthly distributions.
Pays distributions monthly.
See the full Return analysis for both BMAX.TO and EIT-UN.TO — yield ratings, distribution consistency scores, and capital history.
View Plans →Our Review Methodology
Every fund reviewed on Dependable Income Investing is scored using our 13-factor Fund Report Card, organised into three weighted categories: Fund Attributes (20%), Risk (35%), and Return (45%). Each criterion is rated 1–5 by our analysts based on publicly available fund data.
We also calculate a Dependability Score — a weighted composite of six income-specific factors ranked by importance for retirement income investors: Yield Stability, Yield, Volatility, Capital History, Fund Risk, and Underlying Assets. This score answers the question income investors care about most: can I depend on this fund to pay me reliably?
Full scores, ratings, and analyst notes for both BMAX.TO and EIT-UN.TO are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions: BMAX.TO vs EIT-UN.TO
Which has a lower expense ratio, BMAX.TO or EIT-UN.TO?
BMAX.TO: Subject to fees of the underlying ETFs held in the BMAX portfolio. MER is 2.62% as per www.bromptongroup.com/wp-content/uploads/2025/03/BMAX-CAD.pdf
EIT-UN.TO: MER Including Issue Costs & Interest (%) is 2.13 which is high.
Which fund has more assets under management, BMAX.TO or EIT-UN.TO?
BMAX.TO: The aggregate Net Asset Value of the Fund was $153 million at Dec 2025.
EIT-UN.TO: 3 Billion AUM in this fund. One of Canada’s largest closed-end funds.
Which fund has been trading longer, BMAX.TO or EIT-UN.TO?
BMAX.TO: October 20th 2022 was inception date.
EIT-UN.TO: Fund inception date was August 1997.
Who manages BMAX.TO vs EIT-UN.TO?
BMAX.TO: Brompton manages 41 TSX listed closed-end and exchange-traded funds with assets under management of over $3 billion.
EIT-UN.TO: Canoe manages more than 20.5 Billion in Assets.
Where can I see the full BMAX.TO vs EIT-UN.TO comparison with scores?
The complete side-by-side comparison — including all Risk and Return scores, analyst notes, Overall Score, and Dependability Score for both funds — is available in the Dependable Income Investing app.
What is the difference between BMAX.TO and EIT-UN.TO?
Brompton Enhanced Multi-Asset Income ETF - Canada is a Diversified Fund. Subject to fees of the underlying ETFs held in the BMAX portfolio. MER is 2.62% as per www.bromptongroup.com/wp-content/uploads/2025/03/BMAX-CAD.pdf. Canoe EIT Income Fund - Canada is a Diversified Fund. MER Including Issue Costs & Interest (%) is 2.13 which is high. Full comparison including Dependability Score is available in the Dependable Income Investing app.
Which is better for income investors, BMAX.TO or EIT-UN.TO?
BMAX.TO: Subject to fees of the underlying ETFs held in the BMAX portfolio. MER is 2.62% as per www.bromptongroup.com/wp-content/uploads/2025/03/BMAX-CAD.pdf. October 20th 2022 was inception date. EIT-UN.TO: MER Including Issue Costs & Interest (%) is 2.13 which is high. Fund inception date was August 1997. Which scores higher on Dependability and Return is available in the Dependable Income Investing app.
Do BMAX.TO and EIT-UN.TO pay monthly distributions?
BMAX.TO: Pays monthly distributions. EIT-UN.TO: Pays distributions monthly. Full yield and distribution stability scores for both funds are available in the Dependable Income Investing app.
See the Full BMAX.TO vs EIT-UN.TO Comparison
The Dependable Income Investing app gives you the complete picture: all 13 scoring factors for both funds, Risk and Return analyst notes, Dependability Scores, and tools to compare any income fund side by side.
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