VS
When evaluating costs, ENCL features a management fee (MER) of 0.85%, compared to 0.65% for HMAX. Performance-wise, ENCL has returned 44.31% year-to-date with -$42 M in net flows, whereas HMAX is at 16.13% with +$463 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
ENCL
HMAX
| AuM | $304.03 M | $2,537.62 M |
| Management Fees | 0.85% | 0.65% |
| Exp. ratio | 1.88% | 0.76% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 13, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ENCL | +3.79% | +6.72% | +44.31% | +47.58% | +74.41% |
HMAX | -0.83% | -3.07% | +16.13% | +25.58% | +94.45% | |
| Flows | ENCL | +$5 M | +$9 M | -$42 M | -$4 M | +$233 M |
HMAX | +$51 M | +$140 M | +$463 M | +$621 M | +$1,621 M |
ENCL vs HMAX exposure
Countries
ENCL
Exposure data will be available soon
HMAX
Exposure data will be available soon
Sectors
ENCL
Exposure data will be available soon
HMAX
Exposure data will be available soon
As of October 13, 2026
Top 10 Holdings
ENCL
Exposure data will be available soon
HMAX
Exposure data will be available soon
Diversification
ENCL
Exposure data will be available soon
HMAX
Exposure data will be available soon
Characteristics
Compare
ENCL
HMAX
| Provider | Global X | Hamilton ETFs |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 13.43% | 11.61% |
| Meets ESG criteria | No | No |
| Inception Date | October 10, 2023 | January 20, 2023 |
Frequently asked questions about ENCL and HMAX
Which ETF has performed better year to date: ENCL or HMAX?
As of October 13, 2026, ENCL has returned 44.31% year to date, while HMAX has returned 16.13%. ENCL is ahead on YTD performance.
Which ETF is larger by assets under management: ENCL or HMAX?
As of October 13, 2026, ENCL manages $304.03 M in assets, while HMAX manages $2.54 B. HMAX is the larger fund by AUM.
How are ENCL and HMAX managed?
ENCL is actively managed by Global X. It does not track an index. HMAX is actively managed by Hamilton ETFs. It does not track an index.
Which ETF is attracting more investor flows: ENCL or HMAX?
Year to date, ENCL has seen -$41.54 M in net flows, compared with +$463.40 M for HMAX. HMAX has attracted more net investor money so far.
How do the fees of ENCL and HMAX compare?
ENCL has an expense ratio of 1.88%, while HMAX has an expense ratio of 0.76%.
Recent articles about ENCL and HMAX
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Posted on 6/13/2024 by Kyle Anthony inStock Market
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