FTN.TO vs HMAX.TO: Income Fund Comparison
Quadravest Financial 15 Split Corp. - Canada (FTN.TO) and Hamilton Canadian Financials YIELD MAXIMIZER™ ETF - Canada (HMAX.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: FTN.TO individual review · HMAX.TO individual review
| FTN.TO | HMAX.TO | |
|---|---|---|
| Fund Name | Quadravest Financial 15 Split Corp. - Canada | Hamilton Canadian Financials YIELD MAXIMIZER™ ETF - Canada |
| Fund Type | Sector Based Fund - Financials | Sector Based Fund - Financials |
| Exchange | TSX | TSX |
| Last Reviewed | 2026-02-24 | 2025-12-09 |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: FTN.TO vs HMAX.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.
Management expense ratio including one-time offering expenses 1.14% (2024 semi-annual report) - high. See fund documents PDF.
Quadravest manages about $5 Billion.
Has over $12 billion in assets under management.
IPO November and December 2003 - over 20 years of history.
Inception date was Jan 20th 2023
Net assets $992.9M as at May 2024; just over a billion invested in FTN.
Just over 1.8 Billion in this fund.
Risk: FTN.TO vs HMAX.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.
See the full Risk analysis for both FTN.TO and HMAX.TO — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: FTN.TO vs HMAX.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.
See the full Return analysis for both FTN.TO and HMAX.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 FTN.TO and HMAX.TO are available in the Dependable Income Investing app.
Frequently Asked Questions: FTN.TO vs HMAX.TO
Which has a lower expense ratio, FTN.TO or HMAX.TO?
FTN.TO: Management expense ratio including one-time offering expenses 1.14% (2024 semi-annual report) - high. See fund documents PDF.
HMAX.TO: https://hamiltonetfs.com/wp-content/uploads/2025/01/ETF-Facts-HMAX-EN-2025-01.pdf says: 0.80% MER
Which fund has more assets under management, FTN.TO or HMAX.TO?
FTN.TO: Net assets $992.9M as at May 2024; just over a billion invested in FTN.
HMAX.TO: Just over 1.8 Billion in this fund.
Which fund has been trading longer, FTN.TO or HMAX.TO?
FTN.TO: IPO November and December 2003 - over 20 years of history.
HMAX.TO: Inception date was Jan 20th 2023
Who manages FTN.TO vs HMAX.TO?
FTN.TO: Quadravest manages about $5 Billion.
HMAX.TO: Has over $12 billion in assets under management.
Where can I see the full FTN.TO vs HMAX.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.
See the Full FTN.TO vs HMAX.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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