VS
When evaluating costs, NALT features a management fee (MER) of 0.6%, compared to 0.65% for HMAX. Performance-wise, NALT has returned 8.25% year-to-date with +$168 M in net flows, whereas HMAX is at 16.4% with +$466 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
NALT
HMAX
| AuM | $379.06 M | $2,545.63 M |
| Management Fees | 0.60% | 0.65% |
| Exp. ratio | 0.64% | 0.76% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | NALT | -0.25% | +3.01% | +8.25% | +9.17% | +5.62% |
HMAX | -2.73% | -2.13% | +16.40% | +26.01% | +97.74% | |
| Flows | NALT | +$9 M | +$19 M | +$168 M | +$31 M | -$20 M |
HMAX | +$49 M | +$135 M | +$466 M | +$610 M | +$1,620 M |
NALT vs HMAX exposure
Countries
NALT
Exposure data will be available soon
HMAX
Exposure data will be available soon
Sectors
NALT
Exposure data will be available soon
HMAX
Exposure data will be available soon
As of October 19, 2026
Top 10 Holdings
NALT
Exposure data will be available soon
HMAX
Exposure data will be available soon
Diversification
NALT
Exposure data will be available soon
HMAX
Exposure data will be available soon
Characteristics
Compare
NALT
HMAX
| Provider | National Bank Investments | Hamilton ETFs |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Commodity, Equity, Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.12% | 11.59% |
| Meets ESG criteria | No | No |
| Inception Date | February 8, 2019 | January 20, 2023 |
Frequently asked questions about NALT and HMAX
Which ETF has performed better year to date: NALT or HMAX?
As of October 19, 2026, NALT has returned 8.25% year to date, while HMAX has returned 16.40%. HMAX is ahead on YTD performance.
Which ETF is larger by assets under management: NALT or HMAX?
As of October 19, 2026, NALT manages $379.06 M in assets, while HMAX manages $2.55 B. HMAX is the larger fund by AUM.
How are NALT and HMAX managed?
NALT is actively managed by National Bank Investments. 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: NALT or HMAX?
Year to date, NALT has seen +$168.27 M in net flows, compared with +$465.56 M for HMAX. HMAX has attracted more net investor money so far.
How do the fees of NALT and HMAX compare?
NALT has an expense ratio of 0.64%, while HMAX has an expense ratio of 0.76%.
Recent articles about NALT 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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