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Compare Hamilton Canadian Equity YIELD MAXIMIZER ETF (CMAX) vs Harvest Low Volatility Canadian Equity Income ETF (HVOI) to find the best fit for your portfolio. CMAX provides Finance, Energy, and Non-Energy Materials exposures, while HVOI is primarily weighted in Finance, Energy, and Industrials. When evaluating costs, CMAX features a management fee (MER) of 0.65%, compared to 0.65% for HVOI. 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
CMAX
HVOI
| AuM | $14.81 M | $44.07 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.65% | 0.65% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CMAX | +0.16% | +3.66% | - | - | - |
HVOI | -2.27% | +0.27% | +8.24% | +12.55% | - | |
| Flows | CMAX | +$3 M | +$10 M | - | - | - |
HVOI | +$0 M | -$36 M | -$10 M | -$1 M | - |
CMAX vs HVOI exposure
Countries
CMAX
Canada
67.03%
USA
29.11%
HVOI
Canada
96.70%
Sectors
CMAX
Finance
39.63%
Energy
17.25%
Non-Energy Materials
11.90%
Technology
11.89%
Other
19.32%
HVOI
Finance
39.27%
Energy
13.46%
Industrials
9.86%
Utilities
7.70%
Consumer Non-Cyclicals
7.61%
Other
22.10%
As of September 11, 2026
Top 10 Holdings
CMAX
Royal Bank of Canada
9.44%
The Toronto-Dominion Bank
6.38%
Bank of Montreal
4.07%
Canadian Imperial Bank of Commerce
3.47%
The Bank of Nova Scotia
3.45%
Brookfield Corp.
3.35%
Manulife Financial Corp.
2.39%
National Bank of Canada
2.06%
Great-West Lifeco, Inc.
1.93%
Brookfield Infrastructure Partners LP
1.83%
HVOI
Bank of Montreal
4.29%
The Bank of Nova Scotia
4.23%
The Toronto-Dominion Bank
4.16%
Canadian Imperial Bank of Commerce
4.11%
National Bank of Canada
4.04%
Royal Bank of Canada
4.01%
Canadian Pacific Kansas City Ltd.
3.94%
Sun Life Financial, Inc.
3.91%
Canadian National Railway Co.
3.83%
Fortis, Inc.
3.55%
Diversification
CMAX
Total weight of top 10 holdings out of 93 total
38.37%
HVOI
Total weight of top 10 holdings out of 40 total
40.09%
Characteristics
Compare
CMAX
HVOI
| Provider | Hamilton ETFs | Harvest Portfolios Group |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 6.92% |
| Meets ESG criteria | No | No |
| Inception Date | May 8, 2026 | April 15, 2025 |
Frequently asked questions about CMAX and HVOI
Which ETF is larger by assets under management: CMAX or HVOI?
As of September 11, 2026, CMAX manages $14.81 M in assets, while HVOI manages $44.07 M. HVOI is the larger fund by AUM.
How are CMAX and HVOI managed?
CMAX is actively managed by Hamilton ETFs. It does not track an index. HVOI is actively managed by Harvest Portfolios Group. It does not track an index.
What sectors do CMAX and HVOI emphasize?
CMAX is most exposed to Finance, Energy, and Non-Energy Materials. HVOI is most exposed to Finance, Energy, and Industrials.
How do the fees of CMAX and HVOI compare?
CMAX has an expense ratio of 0.65%, while HVOI has an expense ratio of 0.65%.
What are the top holdings of CMAX and HVOI?
CMAX's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Bank of Montreal. HVOI's top holdings include Bank of Montreal, The Bank of Nova Scotia, and The Toronto-Dominion Bank.
Which ETF is more diversified: CMAX or HVOI?
CMAX holds 93 securities, while HVOI holds 40. On holdings count, CMAX is the more diversified portfolio.
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.