VS
When evaluating costs, ENCL features a management fee (MER) of 0.85%, compared to 0.65% for UMAX. Performance-wise, ENCL has returned 40.5% year-to-date with -$41 M in net flows, whereas UMAX is at 0.53% with +$500 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
UMAX
| AuM | $296.58 M | $1,391.88 M |
| Management Fees | 0.85% | 0.65% |
| Exp. ratio | 1.88% | 0.77% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 9, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ENCL | -0.57% | +6.39% | +40.50% | +40.52% | +72.25% |
UMAX | -4.47% | -7.99% | +0.53% | +0.80% | +25.02% | |
| Flows | ENCL | +$7 M | +$7 M | -$41 M | -$4 M | +$236 M |
UMAX | +$3 M | +$152 M | +$500 M | +$639 M | +$1,479 M |
ENCL vs UMAX exposure
Countries
ENCL
Exposure data will be available soon
UMAX
Exposure data will be available soon
Sectors
ENCL
Exposure data will be available soon
UMAX
Exposure data will be available soon
As of October 9, 2026
Top 10 Holdings
ENCL
Exposure data will be available soon
UMAX
Exposure data will be available soon
Diversification
ENCL
Exposure data will be available soon
UMAX
Exposure data will be available soon
Characteristics
Compare
ENCL
UMAX
| 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 | 13.79% | 15.29% |
| Meets ESG criteria | No | No |
| Inception Date | October 10, 2023 | June 14, 2023 |
Frequently asked questions about ENCL and UMAX
Which ETF has performed better year to date: ENCL or UMAX?
As of October 9, 2026, ENCL has returned 40.50% year to date, while UMAX has returned 0.53%. ENCL is ahead on YTD performance.
Which ETF is larger by assets under management: ENCL or UMAX?
As of October 9, 2026, ENCL manages $296.58 M in assets, while UMAX manages $1.39 B. UMAX is the larger fund by AUM.
How are ENCL and UMAX managed?
ENCL is actively managed by Global X. 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: ENCL or UMAX?
Year to date, ENCL has seen -$40.95 M in net flows, compared with +$499.95 M for UMAX. UMAX has attracted more net investor money so far.
How do the fees of ENCL and UMAX compare?
ENCL has an expense ratio of 1.88%, while UMAX has an expense ratio of 0.77%.
Recent articles about ENCL and UMAX
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Posted on 6/13/2024 by Kyle Anthony inStock Market
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