VS
When evaluating costs, HMAX features a management fee (MER) of 0.65%, compared to 0.65% for HDIV. Performance-wise, HMAX has returned 6.15% year-to-date with +$197 M in net flows, whereas HDIV is at 10.2% with +$264 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
HDIV
| AuM | $2,204.52 M | $1,504.43 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.80% | 2.55% |
| Tracking Difference | - | - |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HMAX | +8.49% | +5.76% | +6.15% | +38.66% | +69.64% |
HDIV | +8.25% | +5.43% | +10.20% | +49.51% | +91.99% | |
| Flows | HMAX | +$3 M | +$143 M | +$197 M | +$658 M | +$1,694 M |
HDIV | +$55 M | +$182 M | +$264 M | +$607 M | +$870 M |
HMAX vs HDIV exposure
Countries
HMAX
Canada
101.40%
HDIV
Exposure data will be available soon
Sectors
HMAX
Financials
90.60%
Other
9.40%
HDIV
Exposure data will be available soon
As of April 24, 2026
Top 10 Holdings
HMAX
ROYAL BK CANADA
24.50%
TORONTO DOMINION
17.00%
CA11271J1075
10.80%
BANK OF MONTREAL
10.40%
CDN IMPERIAL BK
9.50%
BNS
9.30%
MANULIFE-S
6.30%
NATIONAL BANK OF CANADA
5.50%
GREAT WEST LIFECO
4.60%
INTACT FINANCIAL
3.50%
HDIV
Exposure data will be available soon
Diversification
HMAX
Total weight of top 10 holdings out of 10 total
101.40%
HDIV
Exposure data will be available soon
Characteristics
Compare
HMAX
HDIV
| Provider | Hamilton ETFs | Hamilton ETFs |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 11.88% | 9.55% |
| Meets ESG criteria | No | No |
| Inception Date | January 20, 2023 | July 19, 2021 |
Frequently asked questions about HMAX and HDIV
Which ETF has performed better year to date: HMAX or HDIV?
As of April 24, 2026, HMAX has returned 6.15% year to date, while HDIV has returned 10.20%. HDIV is ahead on YTD performance.
Which ETF is larger by assets under management: HMAX or HDIV?
As of April 24, 2026, HMAX manages $2.20 B in assets, while HDIV manages $1.50 B. HMAX is the larger fund by AUM.
How are HMAX and HDIV managed?
HMAX is actively managed by Hamilton ETFs. It does not track an index. HDIV is actively managed by Hamilton ETFs. It does not track an index.
Which ETF is attracting more investor flows: HMAX or HDIV?
Year to date, HMAX has seen +$197.26 M in net flows, compared with +$263.68 M for HDIV. HDIV has attracted more net investor money so far.
How do the fees of HMAX and HDIV compare?
HMAX has an expense ratio of 0.80%, while HDIV has an expense ratio of 2.55%.
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