LMAX
Hamilton Healthcare Yield Maximizer ETF

Full LMAX fund page
VS
XHC
iShares Global Healthcare Index ETF

Full XHC fund page

Hamilton Healthcare Yield Maximizer ETF (LMAX) and iShares Global Healthcare Index ETF (XHC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that LMAX focuses its top 3 sector exposures on Healthcare and Consumer Non-Cyclicals, while XHC leans towards Healthcare, Consumer Non-Cyclicals, and Consumer Cyclicals. When evaluating costs, LMAX features a management fee (MER) of 0.65%, compared to 0.63% for XHC. Performance-wise, LMAX has returned 4.27% year-to-date with +$71 M in net flows, whereas XHC is at 3.53% with -$45 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

-3.0-2.0-1.00.01.02.03.04.0%Aug 11Aug 18Aug 25Sep 1Sep 9

Key Data

Historical performance and flows

As of September 11, 2026
1M3MYTD1Y3Y
Perf.
LMAX
-2.67%+5.23%+4.27%+12.64%-
XHC
-2.59%+4.72%+3.53%+13.56%+17.44%
Flows
LMAX
+$5 M+$16 M+$71 M+$84 M-
XHC
+$0 M+$18 M-$45 M-$15 M-$89 M

LMAX vs XHC exposure

Countries

LMAX
USA
95.96%
XHC
USA
68.97%
Switzerland
10.28%
Other
20.75%

Sectors

LMAX
Healthcare
94.79%
XHC
Healthcare
96.07%
As of September 11, 2026

Top 10 Holdings

LMAX
AbbVie, Inc.
5.92%
CVS Health Corp.
5.89%
UnitedHealth Group, Inc.
5.86%
Eli Lilly & Co.
5.77%
Thermo Fisher Scientific, Inc.
5.75%
Bristol Myers Squibb Co.
5.50%
Amgen, Inc.
5.25%
Johnson & Johnson
5.21%
Merck & Co., Inc.
5.20%
Abbott Laboratories
5.09%
XHC
Eli Lilly & Co.
10.16%
Johnson & Johnson
6.85%
AbbVie, Inc.
5.06%
UnitedHealth Group, Inc.
4.30%
Merck & Co., Inc.
4.02%
Roche Holding AG
3.85%
Novartis AG
3.60%
AstraZeneca PLC
3.32%
Thermo Fisher Scientific, Inc.
2.68%
Amgen, Inc.
2.62%

Diversification

LMAX
Total weight of top 10 holdings out of 20 total
55.45%
XHC
Total weight of top 10 holdings out of 111 total
46.47%

Characteristics

Compare
LMAX
XHC
ProviderHamilton ETFsiShares
ManagementActively managedPassively managed
Benchmark-S&P Global 1200 Health Care CAD Hedged Net Total Return Index - CAD
Replication Method
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield12.56%1.87%
Meets ESG criteriaNoNo
Inception DateFebruary 6, 2024April 12, 2011

Frequently asked questions about LMAX and XHC

Which ETF has performed better year to date: LMAX or XHC?
As of September 11, 2026, LMAX has returned 4.27% year to date, while XHC has returned 3.53%. LMAX is ahead on YTD performance.
Which ETF is larger by assets under management: LMAX or XHC?
As of September 11, 2026, LMAX manages $225.59 M in assets, while XHC manages $529.87 M. XHC is the larger fund by AUM.
How are LMAX and XHC managed?
LMAX is actively managed by Hamilton ETFs. It does not track an index. XHC is passively managed by iShares. It tracks the S&P Global 1200 Health Care CAD Hedged Net Total Return Index - CAD benchmark.
What sectors do LMAX and XHC emphasize?
LMAX is most exposed to Healthcare and Consumer Non-Cyclicals. XHC is most exposed to Healthcare, Consumer Non-Cyclicals, and Consumer Cyclicals.
Which ETF is attracting more investor flows: LMAX or XHC?
Year to date, LMAX has seen +$71.11 M in net flows, compared with -$45.39 M for XHC. LMAX has attracted more net investor money so far.
How do the fees of LMAX and XHC compare?
LMAX has an expense ratio of 0.80%, while XHC has an expense ratio of 0.66%.
What are the top holdings of LMAX and XHC?
LMAX's largest holdings include AbbVie, Inc., CVS Health Corp., and UnitedHealth Group, Inc.. XHC's top holdings include Eli Lilly & Co., Johnson & Johnson, and AbbVie, Inc..
Which ETF is more diversified: LMAX or XHC?
LMAX holds 20 securities, while XHC holds 110. On holdings count, XHC is the more diversified portfolio.

Recent articles about LMAX and XHC

CboeTrackinsight
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.
diamonds