VS
When evaluating costs, HMAX features a management fee (MER) of 0.65%, compared to 0.11% for CASH. Performance-wise, HMAX has returned 17.68% year-to-date with +$415 M in net flows, whereas CASH is at 1.47% with -$139 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
HMAX
CASH
| AuM | $2,547.83 M | $6,510.11 M |
| Management Fees | 0.65% | 0.11% |
| Exp. ratio | 0.76% | 0.11% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HMAX | -3.13% | +0.85% | +17.68% | +29.70% | +86.91% |
CASH | +0.17% | +0.52% | +1.47% | +2.09% | +10.25% | |
| Flows | HMAX | +$41 M | +$144 M | +$415 M | +$639 M | +$1,603 M |
CASH | -$46 M | -$136 M | -$139 M | -$233 M | +$3,008 M |
HMAX vs CASH exposure
Countries
HMAX
Canada
100.21%
CASH
Exposure data will be available soon
Sectors
HMAX
Finance
100.21%
CASH
Exposure data will be available soon
As of September 17, 2026
Top 10 Holdings
HMAX
Royal Bank of Canada
24.88%
The Toronto-Dominion Bank
16.81%
Bank of Montreal
10.73%
Canadian Imperial Bank of Commerce
9.16%
The Bank of Nova Scotia
9.10%
Brookfield Corp.
8.84%
Manulife Financial Corp.
6.30%
National Bank of Canada
5.42%
Great-West Lifeco, Inc.
5.08%
Sun Life Financial, Inc.
3.89%
CASH
Exposure data will be available soon
Diversification
HMAX
Total weight of top 10 holdings out of 10 total
100.21%
CASH
Exposure data will be available soon
Characteristics
Compare
HMAX
CASH
| Provider | Hamilton ETFs | Global X |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 11.31% | 2.06% |
| Meets ESG criteria | No | No |
| Inception Date | January 20, 2023 | November 2, 2021 |
Frequently asked questions about HMAX and CASH
Which ETF has performed better year to date: HMAX or CASH?
As of September 17, 2026, HMAX has returned 17.68% year to date, while CASH has returned 1.47%. HMAX is ahead on YTD performance.
Which ETF is larger by assets under management: HMAX or CASH?
As of September 17, 2026, HMAX manages $2.55 B in assets, while CASH manages $6.51 B. CASH is the larger fund by AUM.
How are HMAX and CASH managed?
HMAX is actively managed by Hamilton ETFs. It does not track an index. CASH is actively managed by Global X. It does not track an index.
Which ETF is attracting more investor flows: HMAX or CASH?
Year to date, HMAX has seen +$415.28 M in net flows, compared with -$138.79 M for CASH. HMAX has attracted more net investor money so far.
How do the fees of HMAX and CASH compare?
HMAX has an expense ratio of 0.76%, while CASH has an expense ratio of 0.11%.
Recent articles about HMAX and CASH
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Posted on 6/13/2024 by Kyle Anthony inStock Market
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