VS
When evaluating costs, HMAX features a management fee (MER) of 0.65%, compared to 0.18% for XEQT. Performance-wise, HMAX has returned 19.99% year-to-date with +$478 M in net flows, whereas XEQT is at 15.56% with +$9 B. 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
XEQT
| AuM | $2,636.55 M | $23,835.82 M |
| Management Fees | 0.65% | 0.18% |
| Exp. ratio | 0.76% | 0.19% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HMAX | +1.99% | -0.58% | +19.99% | +27.50% | +109.18% |
XEQT | -0.41% | +1.76% | +15.56% | +15.86% | +91.75% | |
| Flows | HMAX | +$44 M | +$129 M | +$478 M | +$608 M | +$1,621 M |
XEQT | +$1,071 M | +$2,919 M | +$9,467 M | +$10,494 M | +$17,216 M |
HMAX vs XEQT exposure
Countries
HMAX
Exposure data will be available soon
XEQT
Exposure data will be available soon
Sectors
HMAX
Exposure data will be available soon
XEQT
Exposure data will be available soon
As of October 28, 2026
Top 10 Holdings
HMAX
Exposure data will be available soon
XEQT
Exposure data will be available soon
Diversification
HMAX
Exposure data will be available soon
XEQT
Exposure data will be available soon
Characteristics
Compare
HMAX
XEQT
| Provider | Hamilton ETFs | iShares |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 11.24% | 1.58% |
| Meets ESG criteria | No | No |
| Inception Date | January 20, 2023 | August 7, 2019 |
Frequently asked questions about HMAX and XEQT
Which ETF has performed better year to date: HMAX or XEQT?
As of October 28, 2026, HMAX has returned 19.99% year to date, while XEQT has returned 15.56%. HMAX is ahead on YTD performance.
Which ETF is larger by assets under management: HMAX or XEQT?
As of October 28, 2026, HMAX manages $2.64 B in assets, while XEQT manages $23.84 B. XEQT is the larger fund by AUM.
How are HMAX and XEQT managed?
HMAX is actively managed by Hamilton ETFs. It does not track an index. XEQT is actively managed by iShares. It does not track an index.
Which ETF is attracting more investor flows: HMAX or XEQT?
Year to date, HMAX has seen +$477.88 M in net flows, compared with +$9,466.54 M for XEQT. XEQT has attracted more net investor money so far.
How do the fees of HMAX and XEQT compare?
HMAX has an expense ratio of 0.76%, while XEQT has an expense ratio of 0.19%.
Recent articles about HMAX and XEQT
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