VS
When evaluating costs, CNAO features a management fee (MER) of 0.9%, compared to 0.65% for UMAX. Performance-wise, CNAO has returned 9.84% year-to-date with -$7 M in net flows, whereas UMAX is at 2.95% with +$499 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
CNAO
UMAX
| AuM | $46.62 M | $1,424.08 M |
| Management Fees | 0.90% | 0.65% |
| Exp. ratio | 1.21% | 0.77% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CNAO | -3.89% | +3.72% | +9.84% | +7.71% | +69.07% |
UMAX | +0.06% | -7.08% | +2.95% | +2.65% | +29.88% | |
| Flows | CNAO | -$3 M | -$3 M | -$7 M | -$6 M | +$38 M |
UMAX | +$0 M | +$146 M | +$499 M | +$634 M | +$1,472 M |
CNAO vs UMAX exposure
Countries
CNAO
Exposure data will be available soon
UMAX
Exposure data will be available soon
Sectors
CNAO
Exposure data will be available soon
UMAX
Exposure data will be available soon
As of October 19, 2026
Top 10 Holdings
CNAO
Exposure data will be available soon
UMAX
Exposure data will be available soon
Diversification
CNAO
Exposure data will be available soon
UMAX
Exposure data will be available soon
Characteristics
Compare
CNAO
UMAX
| Provider | CI | Hamilton ETFs |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Capitalization | Distributing |
| Trailing 12m distribution yield | 0.00% | 14.93% |
| Meets ESG criteria | No | No |
| Inception Date | July 8, 2021 | June 14, 2023 |
Frequently asked questions about CNAO and UMAX
Which ETF has performed better year to date: CNAO or UMAX?
As of October 19, 2026, CNAO has returned 9.84% year to date, while UMAX has returned 2.95%. CNAO is ahead on YTD performance.
Which ETF is larger by assets under management: CNAO or UMAX?
As of October 19, 2026, CNAO manages $46.62 M in assets, while UMAX manages $1.42 B. UMAX is the larger fund by AUM.
How are CNAO and UMAX managed?
CNAO is actively managed by CI. It does not track an index. UMAX is actively managed by Hamilton ETFs. It does not track an index.
Which ETF is attracting more investor flows: CNAO or UMAX?
Year to date, CNAO has seen -$6.61 M in net flows, compared with +$498.70 M for UMAX. UMAX has attracted more net investor money so far.
How do the fees of CNAO and UMAX compare?
CNAO has an expense ratio of 1.21%, while UMAX has an expense ratio of 0.77%.
Recent articles about CNAO and UMAX
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
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.