VS
Hamilton Canadian Equity YIELD MAXIMIZER ETF (CMAX) and Harvest Low Volatility Canadian Equity ETF (HVOL) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CMAX focuses its top 3 sector exposures on Finance, Energy, and Non-Energy Materials, while HVOL leans towards Finance, Energy, and Industrials. When evaluating costs, CMAX features a management fee (MER) of 0.65%, compared to 0.35% for HVOL. 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
HVOL
| AuM | $14.73 M | $5.76 M |
| Management Fees | 0.65% | 0.35% |
| Exp. ratio | 0.65% | 0.35% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CMAX | -0.08% | +4.47% | - | - | - |
HVOL | -2.75% | +0.89% | +10.30% | +15.11% | - | |
| Flows | CMAX | +$3 M | +$10 M | - | - | - |
HVOL | +$0 M | +$1 M | +$0 M | +$1 M | - |
CMAX vs HVOL exposure
Countries
CMAX
Canada
67.03%
USA
29.11%
HVOL
Canada
95.75%
Sectors
CMAX
Finance
39.63%
Energy
17.25%
Non-Energy Materials
11.90%
Technology
11.89%
Other
19.32%
HVOL
Finance
39.98%
Energy
13.22%
Industrials
9.61%
Utilities
7.55%
Consumer Non-Cyclicals
7.35%
Other
22.30%
As of September 10, 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%
HVOL
Royal Bank of Canada
4.63%
The Toronto-Dominion Bank
4.50%
The Bank of Nova Scotia
4.45%
Canadian Imperial Bank of Commerce
4.19%
National Bank of Canada
4.18%
Bank of Montreal
4.14%
Canadian Pacific Kansas City Ltd.
3.88%
Sun Life Financial, Inc.
3.78%
Canadian National Railway Co.
3.68%
Fortis, Inc.
3.46%
Diversification
CMAX
Total weight of top 10 holdings out of 93 total
38.37%
HVOL
Total weight of top 10 holdings out of 40 total
40.90%
Characteristics
Compare
CMAX
HVOL
| 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 | - | 1.76% |
| Meets ESG criteria | No | No |
| Inception Date | May 8, 2026 | April 15, 2025 |
Frequently asked questions about CMAX and HVOL
Which ETF is larger by assets under management: CMAX or HVOL?
As of September 10, 2026, CMAX manages $14.73 M in assets, while HVOL manages $5.76 M. CMAX is the larger fund by AUM.
How are CMAX and HVOL managed?
CMAX is actively managed by Hamilton ETFs. It does not track an index. HVOL is actively managed by Harvest Portfolios Group. It does not track an index.
What sectors do CMAX and HVOL emphasize?
CMAX is most exposed to Finance, Energy, and Non-Energy Materials. HVOL is most exposed to Finance, Energy, and Industrials.
How do the fees of CMAX and HVOL compare?
CMAX has an expense ratio of 0.65%, while HVOL has an expense ratio of 0.35%.
What are the top holdings of CMAX and HVOL?
CMAX's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Bank of Montreal. HVOL's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and The Bank of Nova Scotia.
Which ETF is more diversified: CMAX or HVOL?
CMAX holds 93 securities, while HVOL holds 40. On holdings count, CMAX is the more diversified portfolio.
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