VS
When evaluating costs, LMAX features a management fee (MER) of 0.65%, compared to 0.09% for HBNK. Performance-wise, LMAX has returned 19.27% year-to-date with +$77 M in net flows, whereas HBNK is at 35.21% with -$509 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
LMAX
HBNK
| AuM | $259.19 M | $748.61 M |
| Management Fees | 0.65% | 0.09% |
| Exp. ratio | 0.80% | 0.10% |
| Tracking Difference | - | -0.34% |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | LMAX | +9.27% | +11.32% | +19.27% | +19.38% | - |
HBNK | +5.36% | +1.68% | +35.21% | +46.18% | +178.73% | |
| Flows | LMAX | +$2 M | +$11 M | +$77 M | +$94 M | - |
HBNK | -$25 M | +$8 M | -$509 M | -$578 M | -$383 M |
LMAX vs HBNK exposure
Countries
LMAX
Exposure data will be available soon
HBNK
Canada
99.73%
Sectors
LMAX
Exposure data will be available soon
HBNK
Finance
99.73%
As of November 11, 2026
Top 10 Holdings
LMAX
Exposure data will be available soon
HBNK
The Bank of Nova Scotia
17.08%
The Toronto-Dominion Bank
17.02%
Bank of Montreal
16.77%
Canadian Imperial Bank of Commerce
16.48%
Royal Bank of Canada
16.43%
National Bank of Canada
15.95%
Diversification
LMAX
Exposure data will be available soon
HBNK
Total weight of top 10 holdings out of 6 total
99.73%
Characteristics
Compare
LMAX
HBNK
| Provider | Hamilton ETFs | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 11.21% | 2.59% |
| Meets ESG criteria | No | No |
| Inception Date | February 6, 2024 | July 5, 2023 |
Frequently asked questions about LMAX and HBNK
Which ETF has performed better year to date: LMAX or HBNK?
As of November 11, 2026, LMAX has returned 19.27% year to date, while HBNK has returned 35.21%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: LMAX or HBNK?
As of November 11, 2026, LMAX manages $259.19 M in assets, while HBNK manages $748.61 M. HBNK is the larger fund by AUM.
How are LMAX and HBNK managed?
LMAX is actively managed by Hamilton ETFs. It does not track an index. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
Which ETF is attracting more investor flows: LMAX or HBNK?
Year to date, LMAX has seen +$76.79 M in net flows, compared with -$509.17 M for HBNK. LMAX has attracted more net investor money so far.
How do the fees of LMAX and HBNK compare?
LMAX has an expense ratio of 0.80%, while HBNK has an expense ratio of 0.10%.
Recent articles about LMAX and HBNK
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