HMAX
Hamilton Canadian Financials Yield Maximizer ETF

Full HMAX fund page
VS
HYLD
Hamilton Enhanced U.S. Covered Call ETF

Full HYLD fund page

Hamilton Canadian Financials Yield Maximizer ETF (HMAX) and Hamilton Enhanced U.S. Covered Call ETF (HYLD) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HMAX focuses its top 3 sector exposures on Finance, while HYLD leans towards Technology, Finance, and Healthcare. When evaluating costs, HMAX features a management fee (MER) of 0.65%, compared to 0.65% for HYLD. Performance-wise, HMAX has returned 20.69% year-to-date with +$351 M in net flows, whereas HYLD is at 10.34% with +$151 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

-4.0-2.00.02.04.0%Jun 29Jul 7Jul 14Jul 21Jul 28

Key Data

Historical performance and flows

As of July 28, 2026
1M3MYTD1Y3Y
Perf.
HMAX
+2.35%+13.52%+20.69%+40.47%+88.06%
HYLD
-4.08%+6.52%+10.34%+24.23%+73.76%
Flows
HMAX
+$58 M+$151 M+$351 M+$647 M+$1,640 M
HYLD
+$36 M+$72 M+$151 M+$212 M+$543 M

HMAX vs HYLD exposure

Countries

HMAX
Canada
96.26%
HYLD
USA
83.10%
Other
12.07%

Sectors

HMAX
Finance
96.26%
HYLD
Technology
41.12%
Finance
14.66%
Other
12.07%
Healthcare
8.78%
Other
23.38%
As of July 28, 2026

Top 10 Holdings

HMAX
Royal Bank of Canada
25.38%
The Toronto-Dominion Bank
17.61%
Bank of Montreal
10.87%
The Bank of Nova Scotia
9.35%
Canadian Imperial Bank of Commerce
9.30%
Brookfield Corp.
9.16%
Manulife Financial Corp.
5.94%
National Bank of Canada
5.45%
Intact Financial Corp.
3.20%
HYLD
Micron Technology, Inc.
5.74%
CA40736T1030
5.70%
Advanced Micro Devices, Inc.
5.63%
CA40736A1049
4.32%
Alphabet, Inc.
3.52%
Apple, Inc.
3.47%
NVIDIA Corp.
3.37%
Tesla, Inc.
3.34%
Amazon.com, Inc.
3.30%
Broadcom Inc.
3.28%

Diversification

HMAX
Total weight of top 10 holdings out of 9 total
96.26%
HYLD
Total weight of top 10 holdings out of 115 total
41.68%

Characteristics

Compare
HMAX
HYLD
ProviderHamilton ETFsHamilton ETFs
ManagementActively managedActively managed
Benchmark--
Replication Method
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield10.79%12.01%
Meets ESG criteriaNoNo
Inception DateJanuary 20, 2023February 4, 2022

Frequently asked questions about HMAX and HYLD

Which ETF has performed better year to date: HMAX or HYLD?
As of July 28, 2026, HMAX has returned 20.69% year to date, while HYLD has returned 10.34%. HMAX is ahead on YTD performance.
Which ETF is larger by assets under management: HMAX or HYLD?
As of July 28, 2026, HMAX manages $2.60 B in assets, while HYLD manages $1.15 B. HMAX is the larger fund by AUM.
How are HMAX and HYLD managed?
HMAX is actively managed by Hamilton ETFs. It does not track an index. HYLD is actively managed by Hamilton ETFs. It does not track an index.
What sectors do HMAX and HYLD emphasize?
HMAX is most exposed to Finance. HYLD is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: HMAX or HYLD?
Year to date, HMAX has seen +$351.36 M in net flows, compared with +$151.29 M for HYLD. HMAX has attracted more net investor money so far.
How do the fees of HMAX and HYLD compare?
HMAX has an expense ratio of 0.80%, while HYLD has an expense ratio of 2.37%.
What are the top holdings of HMAX and HYLD?
HMAX's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Bank of Montreal. HYLD's top holdings include Micron Technology, Inc. and Advanced Micro Devices, Inc..
Which ETF is more diversified: HMAX or HYLD?
HMAX holds 9 securities, while HYLD holds 113. On holdings count, HYLD is the more diversified portfolio.

Recent articles about HMAX and HYLD

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