VS
When evaluating costs, LMAX features a management fee (MER) of 0.65%, compared to 0.28% for HEWB. Performance-wise, LMAX has returned 19.27% year-to-date with +$77 M in net flows, whereas HEWB is at 34.93% with +$38 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
HEWB
| AuM | $259.19 M | $367.20 M |
| Management Fees | 0.65% | 0.28% |
| Exp. ratio | 0.80% | 0.28% |
| Tracking Difference | - | -0.71% |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | LMAX | +9.27% | +11.32% | +19.27% | +19.38% | - |
HEWB | +5.35% | +1.59% | +34.93% | +45.81% | +176.98% | |
| Flows | LMAX | +$2 M | +$11 M | +$77 M | +$94 M | - |
HEWB | +$9 M | +$11 M | +$38 M | +$38 M | +$34 M |
LMAX vs HEWB exposure
Countries
LMAX
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
LMAX
Exposure data will be available soon
HEWB
Finance
100.00%
As of November 11, 2026
Top 10 Holdings
LMAX
Exposure data will be available soon
HEWB
The Bank of Nova Scotia
17.14%
The Toronto-Dominion Bank
16.99%
Bank of Montreal
16.79%
Canadian Imperial Bank of Commerce
16.49%
Royal Bank of Canada
16.45%
National Bank of Canada
16.14%
Diversification
LMAX
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
LMAX
HEWB
| 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 | Capitalization |
| Trailing 12m distribution yield | 11.21% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | February 6, 2024 | January 23, 2019 |
Frequently asked questions about LMAX and HEWB
Which ETF has performed better year to date: LMAX or HEWB?
As of November 11, 2026, LMAX has returned 19.27% year to date, while HEWB has returned 34.93%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: LMAX or HEWB?
As of November 11, 2026, LMAX manages $259.19 M in assets, while HEWB manages $367.20 M. HEWB is the larger fund by AUM.
How are LMAX and HEWB managed?
LMAX is actively managed by Hamilton ETFs. It does not track an index. HEWB 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 HEWB?
Year to date, LMAX has seen +$76.79 M in net flows, compared with +$38.16 M for HEWB. LMAX has attracted more net investor money so far.
How do the fees of LMAX and HEWB compare?
LMAX has an expense ratio of 0.80%, while HEWB has an expense ratio of 0.28%.
Recent articles about LMAX and HEWB
Yield-focused ETFs and the Benefit They Can Provide Investors
ETFs that employ covered call-writing strategies can be effective ways to generate monthly yield for investors while still providing exposure to a security or asset class on a long-term basis.
Posted on 6/13/2024 by Kyle Anthony inStock Market
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.