VS
When evaluating costs, EMAX features a management fee (MER) of 0.65%, compared to 0.28% for HEWB. Performance-wise, EMAX has returned 48.42% year-to-date with +$141 M in net flows, whereas HEWB is at 29.28% with +$29 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
EMAX
HEWB
| AuM | $626.44 M | $342.83 M |
| Management Fees | 0.65% | 0.28% |
| Exp. ratio | 0.80% | 0.28% |
| Tracking Difference | - | -0.70% |
Historical performance and flows
As of October 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | EMAX | +7.11% | +15.28% | +48.42% | +53.15% | - |
HEWB | -3.04% | -2.49% | +29.28% | +44.09% | +177.79% | |
| Flows | EMAX | +$6 M | +$41 M | +$141 M | +$177 M | - |
HEWB | -$3 M | +$6 M | +$29 M | +$28 M | +$33 M |
EMAX vs HEWB exposure
Countries
EMAX
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
EMAX
Exposure data will be available soon
HEWB
Finance
100.00%
As of October 20, 2026
Top 10 Holdings
EMAX
Exposure data will be available soon
HEWB
The Bank of Nova Scotia
17.59%
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.16%
Bank of Montreal
16.64%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.42%
Diversification
EMAX
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
EMAX
HEWB
| Provider | Hamilton ETFs | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 9.22% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | February 6, 2024 | January 23, 2019 |
Frequently asked questions about EMAX and HEWB
Which ETF has performed better year to date: EMAX or HEWB?
As of October 20, 2026, EMAX has returned 48.42% year to date, while HEWB has returned 29.28%. EMAX is ahead on YTD performance.
Which ETF is larger by assets under management: EMAX or HEWB?
As of October 20, 2026, EMAX manages $626.44 M in assets, while HEWB manages $342.83 M. EMAX is the larger fund by AUM.
How are EMAX and HEWB managed?
EMAX is actively managed by Hamilton ETFs. It does not track an index. HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
Which ETF is attracting more investor flows: EMAX or HEWB?
Year to date, EMAX has seen +$141.16 M in net flows, compared with +$29.05 M for HEWB. EMAX has attracted more net investor money so far.
How do the fees of EMAX and HEWB compare?
EMAX has an expense ratio of 0.80%, while HEWB has an expense ratio of 0.28%.
Recent articles about EMAX and HEWB
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Posted on 6/13/2024 by Kyle Anthony inStock Market
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