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Hamilton Healthcare Yield Maximizer ETF (LMAX) and BMO Covered Call Health Care ETF (ZWHC) 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 ZWHC leans towards Healthcare. When evaluating costs, LMAX features a management fee (MER) of 0.65%, compared to 0.73% for ZWHC. Performance-wise, LMAX has returned 4.77% year-to-date with +$71 M in net flows, whereas ZWHC is at 1.92% with +$15 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
ZWHC
| AuM | $226.66 M | $42.54 M |
| Management Fees | 0.65% | 0.73% |
| Exp. ratio | 0.80% | 0.73% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 9, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | LMAX | -2.38% | +5.40% | +4.77% | +13.67% | - |
ZWHC | -2.39% | +5.30% | +1.92% | +9.70% | +17.52% | |
| Flows | LMAX | +$5 M | +$16 M | +$71 M | +$85 M | - |
ZWHC | -$1 M | +$5 M | +$15 M | +$19 M | +$33 M |
LMAX vs ZWHC exposure
Countries
LMAX
USA
95.96%
ZWHC
USA
95.73%
Sectors
LMAX
Healthcare
94.79%
ZWHC
Healthcare
100.46%
As of September 9, 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%
ZWHC
UnitedHealth Group, Inc.
6.31%
Eli Lilly & Co.
5.72%
Thermo Fisher Scientific, Inc.
5.72%
Elevance Health, Inc.
5.60%
Amgen, Inc.
5.33%
Vertex Pharmaceuticals, Inc.
5.31%
Merck & Co., Inc.
5.30%
Cardinal Health, Inc.
5.21%
The Cigna Group
5.18%
Johnson & Johnson
5.17%
Diversification
LMAX
Total weight of top 10 holdings out of 20 total
55.45%
ZWHC
Total weight of top 10 holdings out of 20 total
54.86%
Characteristics
Compare
LMAX
ZWHC
| Provider | Hamilton ETFs | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 12.50% | 7.00% |
| Meets ESG criteria | No | No |
| Inception Date | February 6, 2024 | January 23, 2023 |
Frequently asked questions about LMAX and ZWHC
Which ETF has performed better year to date: LMAX or ZWHC?
As of September 9, 2026, LMAX has returned 4.77% year to date, while ZWHC has returned 1.92%. LMAX is ahead on YTD performance.
Which ETF is larger by assets under management: LMAX or ZWHC?
As of September 9, 2026, LMAX manages $226.66 M in assets, while ZWHC manages $42.54 M. LMAX is the larger fund by AUM.
How are LMAX and ZWHC managed?
LMAX is actively managed by Hamilton ETFs. It does not track an index. ZWHC is actively managed by BMO. It does not track an index.
What sectors do LMAX and ZWHC emphasize?
LMAX is most exposed to Healthcare and Consumer Non-Cyclicals. ZWHC is most exposed to Healthcare.
Which ETF is attracting more investor flows: LMAX or ZWHC?
Year to date, LMAX has seen +$71.11 M in net flows, compared with +$14.67 M for ZWHC. LMAX has attracted more net investor money so far.
How do the fees of LMAX and ZWHC compare?
LMAX has an expense ratio of 0.80%, while ZWHC has an expense ratio of 0.73%.
What are the top holdings of LMAX and ZWHC?
LMAX's largest holdings include AbbVie, Inc., CVS Health Corp., and UnitedHealth Group, Inc.. ZWHC's top holdings include UnitedHealth Group, Inc., Eli Lilly & Co., and Thermo Fisher Scientific, Inc..
Which ETF is more diversified: LMAX or ZWHC?
LMAX holds 20 securities, while ZWHC holds 20. On holdings count, LMAX is the more diversified portfolio.
Recent articles about LMAX and ZWHC
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