VS
When evaluating costs, EQCL features a management fee (MER) of 0.75%, compared to 0.65% for HMAX. Performance-wise, EQCL has returned 17.02% year-to-date with +$18 M in net flows, whereas HMAX is at 16.4% with +$466 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
EQCL
HMAX
| AuM | $71.69 M | $2,545.63 M |
| Management Fees | 0.75% | 0.65% |
| Exp. ratio | 1.63% | 0.76% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | EQCL | -1.42% | +3.01% | +17.02% | +18.00% | +70.54% |
HMAX | -2.73% | -2.13% | +16.40% | +26.01% | +97.74% | |
| Flows | EQCL | +$2 M | +$6 M | +$18 M | +$21 M | +$62 M |
HMAX | +$49 M | +$135 M | +$466 M | +$610 M | +$1,620 M |
EQCL vs HMAX exposure
Countries
EQCL
Exposure data will be available soon
HMAX
Exposure data will be available soon
Sectors
EQCL
Exposure data will be available soon
HMAX
Exposure data will be available soon
As of October 19, 2026
Top 10 Holdings
EQCL
Exposure data will be available soon
HMAX
Exposure data will be available soon
Diversification
EQCL
Exposure data will be available soon
HMAX
Exposure data will be available soon
Characteristics
Compare
EQCL
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 | 11.07% | 11.59% |
| Meets ESG criteria | No | No |
| Inception Date | October 10, 2023 | January 20, 2023 |
Frequently asked questions about EQCL and HMAX
Which ETF has performed better year to date: EQCL or HMAX?
As of October 19, 2026, EQCL has returned 17.02% year to date, while HMAX has returned 16.40%. EQCL is ahead on YTD performance.
Which ETF is larger by assets under management: EQCL or HMAX?
As of October 19, 2026, EQCL manages $71.69 M in assets, while HMAX manages $2.55 B. HMAX is the larger fund by AUM.
How are EQCL and HMAX managed?
EQCL 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: EQCL or HMAX?
Year to date, EQCL has seen +$18.08 M in net flows, compared with +$465.56 M for HMAX. HMAX has attracted more net investor money so far.
How do the fees of EQCL and HMAX compare?
EQCL has an expense ratio of 1.63%, while HMAX has an expense ratio of 0.76%.
Recent articles about EQCL and HMAX

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