BANK
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund

Full BANK fund page
VS
HMAX
Hamilton Canadian Financials Yield Maximizer ETF

Full HMAX fund page

Compare Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK) vs Hamilton Canadian Financials Yield Maximizer ETF (HMAX) to find the best fit for your portfolio. BANK and HMAX provide the same top sector exposures: Financials. When evaluating costs, BANK features a management fee (MER) of 0.6%, compared to 0.65% for HMAX. Performance-wise, BANK has returned 10.46% year-to-date with +$88 M in net flows, whereas HMAX is at 6.32% with +$205 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

02468101214%Mar 30Apr 7Apr 14Apr 21Apr 28

Key Data

Historical performance and flows

As of April 28, 2026
1M3MYTD1Y3Y
Perf.
BANK
+13.67%+12.00%+10.46%+52.79%+67.04%
HMAX
+10.10%+6.98%+6.32%+38.10%+67.81%
Flows
BANK
-$8 M+$41 M+$88 M+$365 M+$725 M
HMAX
+$2 M+$140 M+$205 M+$660 M+$1,675 M

BANK vs HMAX exposure

Countries

BANK
Canada
100.26%
HMAX
Canada
101.40%

Sectors

BANK
Financials
100.26%
HMAX
Financials
90.60%
Other
9.40%
As of April 28, 2026

Top 10 Holdings

BANK
NATIONAL BANK OF CANADA
10.90%
GREAT WEST LIFECO
10.40%
POWER CORPORATION OF CANADA
10.20%
CDN IMPERIAL BK
10.20%
SUN LIFE FINL
10.10%
TORONTO DOMINION
10.10%
BANK OF MONTREAL
9.83%
ROYAL BK CANADA
9.74%
BNS
9.45%
MANULIFE-S
9.34%
HMAX
ROYAL BK CANADA
24.50%
TORONTO DOMINION
17.00%
CA11271J1075
10.80%
BANK OF MONTREAL
10.40%
CDN IMPERIAL BK
9.50%
BNS
9.30%
MANULIFE-S
6.30%
NATIONAL BANK OF CANADA
5.50%
GREAT WEST LIFECO
4.60%
INTACT FINANCIAL
3.50%

Diversification

BANK
Total weight of top 10 holdings out of 10 total
100.26%
HMAX
Total weight of top 10 holdings out of 10 total
101.40%

Characteristics

Compare
BANK
HMAX
ProviderEvolve ETFsHamilton ETFs
ManagementActively managedActively managed
Benchmark--
Replication Method
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield11.07%11.86%
Meets ESG criteriaNoNo
Inception DateFebruary 1, 2022January 20, 2023

Frequently asked questions about BANK and HMAX

Which ETF has performed better year to date: BANK or HMAX?
As of April 28, 2026, BANK has returned 10.46% year to date, while HMAX has returned 6.32%. BANK is ahead on YTD performance.
Which ETF is larger by assets under management: BANK or HMAX?
As of April 28, 2026, BANK manages $981.65 M in assets, while HMAX manages $2.22 B. HMAX is the larger fund by AUM.
How are BANK and HMAX managed?
BANK is actively managed by Evolve ETFs. It does not track an index. HMAX is actively managed by Hamilton ETFs. It does not track an index.
What sectors do BANK and HMAX emphasize?
BANK is most exposed to Financials. HMAX is most exposed to Financials.
Which ETF is attracting more investor flows: BANK or HMAX?
Year to date, BANK has seen +$88.10 M in net flows, compared with +$205.19 M for HMAX. HMAX has attracted more net investor money so far.
How do the fees of BANK and HMAX compare?
BANK has an expense ratio of 0.83%, while HMAX has an expense ratio of 0.80%.
What are the top holdings of BANK and HMAX?
BANK's largest holdings include NATIONAL BANK OF CANADA, GREAT WEST LIFECO, and POWER CORPORATION OF CANADA. HMAX's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: BANK or HMAX?
BANK holds 10 securities, while HMAX holds 10. On holdings count, BANK is the more diversified portfolio.

Recent articles about BANK and HMAX

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