VS
When evaluating costs, EMAX features a management fee (MER) of 0.65%, compared to 0.25% for ZEB. Performance-wise, EMAX has returned 48.42% year-to-date with +$141 M in net flows, whereas ZEB is at 29.41% with +$169 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
ZEB
| AuM | $626.44 M | $6,981.05 M |
| Management Fees | 0.65% | 0.25% |
| Exp. ratio | 0.80% | 0.28% |
| Tracking Difference | - | -0.51% |
Historical performance and flows
As of October 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | EMAX | +7.11% | +15.28% | +48.42% | +53.15% | - |
ZEB | -3.03% | -2.44% | +29.41% | +44.28% | +178.22% | |
| Flows | EMAX | +$6 M | +$41 M | +$141 M | +$177 M | - |
ZEB | -$429 M | -$97 M | +$169 M | +$869 M | -$819 M |
EMAX vs ZEB exposure
Countries
EMAX
Exposure data will be available soon
ZEB
Canada
100.00%
Sectors
EMAX
Exposure data will be available soon
ZEB
Finance
100.00%
As of October 20, 2026
Top 10 Holdings
EMAX
Exposure data will be available soon
ZEB
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
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
EMAX
ZEB
| Provider | Hamilton ETFs | BMO |
| 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 | Distributing |
| Trailing 12m distribution yield | 9.22% | 2.37% |
| Meets ESG criteria | No | No |
| Inception Date | February 6, 2024 | October 20, 2009 |
Frequently asked questions about EMAX and ZEB
Which ETF has performed better year to date: EMAX or ZEB?
As of October 20, 2026, EMAX has returned 48.42% year to date, while ZEB has returned 29.41%. EMAX is ahead on YTD performance.
Which ETF is larger by assets under management: EMAX or ZEB?
As of October 20, 2026, EMAX manages $626.44 M in assets, while ZEB manages $6.98 B. ZEB is the larger fund by AUM.
How are EMAX and ZEB managed?
EMAX is actively managed by Hamilton ETFs. It does not track an index. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
Which ETF is attracting more investor flows: EMAX or ZEB?
Year to date, EMAX has seen +$141.16 M in net flows, compared with +$169.48 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of EMAX and ZEB compare?
EMAX has an expense ratio of 0.80%, while ZEB has an expense ratio of 0.28%.
Recent articles about EMAX and ZEB
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