VS
When evaluating costs, AMAX features a management fee (MER) of 0.65%, compared to 0.28% for HEWB. Performance-wise, AMAX has returned 3.22% year-to-date with +$165 M in net flows, whereas HEWB is at 29.28% with +$29 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
AMAX
HEWB
| AuM | $563.79 M | $342.83 M |
| Management Fees | 0.65% | 0.28% |
| Exp. ratio | 0.79% | 0.28% |
| Tracking Difference | - | -0.70% |
Historical performance and flows
As of October 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | AMAX | -9.88% | +16.44% | -3.22% | +0.76% | - |
HEWB | -3.04% | -2.49% | +29.28% | +44.09% | +177.79% | |
| Flows | AMAX | +$26 M | +$70 M | +$165 M | +$195 M | - |
HEWB | -$3 M | +$6 M | +$29 M | +$28 M | +$33 M |
AMAX vs HEWB exposure
Countries
AMAX
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
AMAX
Exposure data will be available soon
HEWB
Finance
100.00%
As of October 20, 2026
Top 10 Holdings
AMAX
Exposure data will be available soon
HEWB
The Bank of Nova Scotia
17.59%
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.16%
Bank of Montreal
16.64%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.42%
Diversification
AMAX
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
AMAX
HEWB
| Provider | Hamilton ETFs | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 10.52% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | February 6, 2024 | January 23, 2019 |
Frequently asked questions about AMAX and HEWB
Which ETF has performed better year to date: AMAX or HEWB?
As of October 20, 2026, AMAX has returned -3.22% year to date, while HEWB has returned 29.28%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: AMAX or HEWB?
As of October 20, 2026, AMAX manages $563.79 M in assets, while HEWB manages $342.83 M. AMAX is the larger fund by AUM.
How are AMAX and HEWB managed?
AMAX is actively managed by Hamilton ETFs. It does not track an index. HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
Which ETF is attracting more investor flows: AMAX or HEWB?
Year to date, AMAX has seen +$164.66 M in net flows, compared with +$29.05 M for HEWB. AMAX has attracted more net investor money so far.
How do the fees of AMAX and HEWB compare?
AMAX has an expense ratio of 0.79%, while HEWB has an expense ratio of 0.28%.
Recent articles about AMAX and HEWB
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