VS
When evaluating costs, MPAY features a management fee (MER) of 0.4%, compared to 0.65% for HMAX. Performance-wise, MPAY has returned 0.27% year-to-date with -$54 M in net flows, whereas HMAX is at 21.71% with +$486 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
MPAY
HMAX
| AuM | $40.89 M | $2,657.12 M |
| Management Fees | 0.40% | 0.65% |
| Exp. ratio | 0.51% | 0.76% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MPAY | +1.53% | -0.59% | -0.27% | -0.90% | +6.12% |
HMAX | +4.81% | +1.45% | +21.71% | +28.71% | +101.69% | |
| Flows | MPAY | -$6 M | -$56 M | -$54 M | -$56 M | +$51 M |
HMAX | +$22 M | +$112 M | +$486 M | +$589 M | +$1,626 M |
MPAY vs HMAX exposure
Countries
MPAY
Exposure data will be available soon
HMAX
Exposure data will be available soon
Sectors
MPAY
Exposure data will be available soon
HMAX
Exposure data will be available soon
As of November 11, 2026
Top 10 Holdings
MPAY
Exposure data will be available soon
HMAX
Exposure data will be available soon
Diversification
MPAY
Exposure data will be available soon
HMAX
Exposure data will be available soon
Characteristics
Compare
MPAY
HMAX
| Provider | Global X | Hamilton ETFs |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 8.84% | 11.23% |
| Meets ESG criteria | No | No |
| Inception Date | October 4, 2023 | January 20, 2023 |
Frequently asked questions about MPAY and HMAX
Which ETF has performed better year to date: MPAY or HMAX?
As of November 11, 2026, MPAY has returned -0.27% year to date, while HMAX has returned 21.71%. HMAX is ahead on YTD performance.
Which ETF is larger by assets under management: MPAY or HMAX?
As of November 11, 2026, MPAY manages $40.89 M in assets, while HMAX manages $2.66 B. HMAX is the larger fund by AUM.
How are MPAY and HMAX managed?
MPAY is actively managed by Global X. It does not track an index. HMAX is actively managed by Hamilton ETFs. It does not track an index.
Which ETF is attracting more investor flows: MPAY or HMAX?
Year to date, MPAY has seen -$53.87 M in net flows, compared with +$486.36 M for HMAX. HMAX has attracted more net investor money so far.
How do the fees of MPAY and HMAX compare?
MPAY has an expense ratio of 0.51%, while HMAX has an expense ratio of 0.76%.
Recent articles about MPAY and HMAX
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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
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