VS
When evaluating costs, APLY features a management fee (MER) of 0.4%, compared to 0.65% for HMAX. Performance-wise, APLY has returned 29.3% year-to-date with -$6 M in net flows, whereas HMAX is at 21.71% with +$486 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
APLY
HMAX
| AuM | $32.87 M | $2,657.12 M |
| Management Fees | 0.40% | 0.65% |
| Exp. ratio | 1.76% | 0.76% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | APLY | +5.27% | +19.26% | +29.30% | +28.42% | +88.51% |
HMAX | +4.81% | +1.45% | +21.71% | +28.71% | +101.69% | |
| Flows | APLY | -$3 M | -$3 M | -$6 M | -$7 M | +$10 M |
HMAX | +$22 M | +$112 M | +$486 M | +$589 M | +$1,626 M |
APLY vs HMAX exposure
Countries
APLY
Exposure data will be available soon
HMAX
Exposure data will be available soon
Sectors
APLY
Exposure data will be available soon
HMAX
Exposure data will be available soon
As of November 11, 2026
Top 10 Holdings
APLY
Exposure data will be available soon
HMAX
Exposure data will be available soon
Diversification
APLY
Exposure data will be available soon
HMAX
Exposure data will be available soon
Characteristics
Compare
APLY
HMAX
| Provider | Purpose Investments | Hamilton ETFs |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 5.02% | 11.23% |
| Meets ESG criteria | No | No |
| Inception Date | December 14, 2022 | January 20, 2023 |
Frequently asked questions about APLY and HMAX
Which ETF has performed better year to date: APLY or HMAX?
As of November 11, 2026, APLY has returned 29.30% year to date, while HMAX has returned 21.71%. APLY is ahead on YTD performance.
Which ETF is larger by assets under management: APLY or HMAX?
As of November 11, 2026, APLY manages $32.87 M in assets, while HMAX manages $2.66 B. HMAX is the larger fund by AUM.
How are APLY and HMAX managed?
APLY is actively managed by Purpose Investments. It does not track an index. HMAX is actively managed by Hamilton ETFs. It does not track an index.
Which ETF is attracting more investor flows: APLY or HMAX?
Year to date, APLY has seen -$5.93 M in net flows, compared with +$486.36 M for HMAX. HMAX has attracted more net investor money so far.
How do the fees of APLY and HMAX compare?
APLY has an expense ratio of 1.76%, while HMAX has an expense ratio of 0.76%.
Recent articles about APLY and HMAX
Yield-focused ETFs and the Benefit They Can Provide Investors
ETFs that employ covered call-writing strategies can be effective ways to generate monthly yield for investors while still providing exposure to a security or asset class on a long-term basis.
Posted on 6/13/2024 by Kyle Anthony inStock Market
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