A side-by-side comparison of Evolve Cyber Security Index Fund - Hedged Units (CYBR) and Hamilton Utilities YIELD MAXIMIZER ETF (UMAX) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | CYBR | UMAX |
|---|---|---|
| YTD Return | +41.21%✓ | +2.47% |
| 1-Day Change | -0.78% | +0.45%✓ |
| 1-Week Change | +10.34%✓ | -1.60% |
| 1-Month Change | +38.98%✓ | +1.77% |
| Current Price | $72.27 | $13.51 |
| AUM | $178M | $1.33B✓ |
| MER (Expense Ratio) | 0.4% | — |
| Dividend Yield | 0.24% | 14.37%✓ |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2017-09-18 | 2023-06-14 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | — | — |
| Category | Sector Equity | Sector Equity |
| Beta | 0.76 | 0.00 |
| 52-Week High | $72.84 | $13.63 |
| 52-Week Low | $44.53 | $11.67 |
| 50-Day MA | $54.66 | $13.39 |
| 200-Day MA | $54.64 | $13.47 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | CYBR | UMAX |
|---|---|---|
| YTD | +41.21%✓ | +2.47% |
| 1 Year | +23.55%✓ | +12.69% |
| 3 Year | +23.35% | — |
| 5 Year | +8.77% | — |
| 10 Year | — | — |
| 1Y Volatility | 41.08% | 6.81% |
| Sharpe Ratio (3Y) | 0.76 | — |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | CRWD | Crowdstrike Holdings Inc | 7.90% |
| 2 | PANW | Palo Alto Networks Inc | 7.82% |
| 3 | FTNT | Fortinet Inc | 7.59% |
| 4 | ZS | Zscaler Inc | 7.55% |
| 5 | FFIV | F5 Networks Inc | 7.34% |
| 6 | NBIS | Nebius Group N.V. | 6.82% |
| 7 | AKAM | Akamai Technologies Inc | 6.13% |
| 8 | OKTA | Okta Inc | 5.04% |
| 9 | CHKP | Check Point Software Technologies Ltd | 4.79% |
| 10 | CACI | CACI International Inc | 4.71% |
| 1 | TRP | TC Energy Corp | 8.39% |
| 2 | CP | Canadian Pacific Railway Ltd | 8.37% |
| 3 | PPL | Pembina Pipeline Corp | 8.26% |
| 4 | ENB | Enbridge Inc | 8.14% |
| 5 | CNR | Canadian National Railway Co | 8.10% |
| 6 | H | Hydro One Ltd | 8.05% |
| 7 | EMA | Emera Inc. | 7.85% |
| 8 | FTS | Fortis Inc | 7.74% |
| 9 | WCN | Waste Connections Inc | 7.54% |
| 10 | RCI-B | Rogers Communications Inc | 7.44% |
Sector Weights
| Sector | CYBR | UMAX |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 7.03% | 21.44% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 24.38% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 3.99% | 23.61% |
| Real Estate | 0.76% | 0.00% |
| Technology | 88.23% | 0.00% |
| Utilities | 0.00% | 30.57% |
About CYBR
CYBR seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Global Cyber Security Index Canadian Dollar Hedged, or any successor thereto. CYBR invests primarily in equity securities of companies located domestically or internationally that are involved in the cyber security industry through hardware and software development.
About UMAX
UMAX is designed for attractive monthly income, while providing exposure to a portfolio of utility services equity securities, primarily domiciled/listed in Canada and the U.S. To reduce volatility and augment dividend income, UMAX will employ an active covered call strategy.
Which ETF is Right for You?
Both CYBR and UMAX are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, UMAX scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between CYBR and UMAX?
CYBR (Evolve Cyber Security Index Fund - Hedged Units) and UMAX (Hamilton Utilities YIELD MAXIMIZER ETF) are both Canadian-listed ETFs. Key differences include their AUM ($178M vs $1.33B), dividend yield (0.24% vs 14.37%), and year-to-date performance (+41.21% vs +2.47%).
Is CYBR better than UMAX?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, CYBR has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy CYBR and UMAX on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both CYBR and UMAX should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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