VS
When evaluating costs, LMAX features a management fee (MER) of 0.65%, compared to 0.08% for ZSP. Performance-wise, LMAX has returned 19.27% year-to-date with +$77 M in net flows, whereas ZSP is at 16.41% with +$2 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
LMAX
ZSP
| AuM | $259.19 M | $25,959.55 M |
| Management Fees | 0.65% | 0.08% |
| Exp. ratio | 0.80% | 0.09% |
| Tracking Difference | - | -0.27% |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | LMAX | +9.27% | +11.32% | +19.27% | +19.38% | - |
ZSP | -2.12% | +1.11% | +16.41% | +14.22% | +83.78% | |
| Flows | LMAX | +$2 M | +$11 M | +$77 M | +$94 M | - |
ZSP | +$236 M | +$1,171 M | +$1,508 M | +$2,027 M | +$5,701 M |
LMAX vs ZSP exposure
Countries
LMAX
Exposure data will be available soon
ZSP
USA
97.60%
Sectors
LMAX
Exposure data will be available soon
ZSP
Technology
47.39%
Finance
12.79%
Healthcare
9.20%
Consumer Non-Cyclicals
8.63%
Industrials
7.38%
Other
14.62%
As of November 11, 2026
Top 10 Holdings
LMAX
Exposure data will be available soon
ZSP
NVIDIA Corp.
8.33%
Apple, Inc.
7.28%
Microsoft Corp.
5.73%
Amazon.com, Inc.
3.67%
Alphabet, Inc.
3.03%
Broadcom Inc.
2.56%
Meta Platforms, Inc.
2.47%
Alphabet, Inc.
2.43%
Micron Technology, Inc.
1.83%
Advanced Micro Devices, Inc.
1.51%
Diversification
LMAX
Exposure data will be available soon
ZSP
Total weight of top 10 holdings out of 502 total
38.83%
Characteristics
Compare
LMAX
ZSP
| Provider | Hamilton ETFs | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P 500 CAD Total Return Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 11.21% | 0.77% |
| Meets ESG criteria | No | No |
| Inception Date | February 6, 2024 | November 14, 2012 |
Frequently asked questions about LMAX and ZSP
Which ETF has performed better year to date: LMAX or ZSP?
As of November 11, 2026, LMAX has returned 19.27% year to date, while ZSP has returned 16.41%. LMAX is ahead on YTD performance.
Which ETF is larger by assets under management: LMAX or ZSP?
As of November 11, 2026, LMAX manages $259.19 M in assets, while ZSP manages $25.96 B. ZSP is the larger fund by AUM.
How are LMAX and ZSP managed?
LMAX is actively managed by Hamilton ETFs. It does not track an index. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
Which ETF is attracting more investor flows: LMAX or ZSP?
Year to date, LMAX has seen +$76.79 M in net flows, compared with +$1,507.75 M for ZSP. ZSP has attracted more net investor money so far.
How do the fees of LMAX and ZSP compare?
LMAX has an expense ratio of 0.80%, while ZSP has an expense ratio of 0.09%.
Recent articles about LMAX and ZSP
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