VS
When evaluating costs, NALT features a management fee (MER) of 0.6%, compared to 0.65% for UMAX. Performance-wise, NALT has returned 7.95% year-to-date with +$169 M in net flows, whereas UMAX is at 3.63% with +$500 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
UMAX
| AuM | $378.60 M | $1,434.76 M |
| Management Fees | 0.60% | 0.65% |
| Exp. ratio | 0.64% | 0.77% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | NALT | -0.53% | +2.72% | +7.95% | +8.87% | +5.38% |
UMAX | +0.73% | -6.46% | +3.63% | +3.33% | +32.07% | |
| Flows | NALT | +$9 M | +$19 M | +$169 M | +$31 M | -$19 M |
UMAX | +$1 M | +$147 M | +$500 M | +$635 M | +$1,473 M |
NALT vs UMAX exposure
Countries
NALT
Exposure data will be available soon
UMAX
Exposure data will be available soon
Sectors
NALT
Exposure data will be available soon
UMAX
Exposure data will be available soon
As of October 20, 2026
Top 10 Holdings
NALT
Exposure data will be available soon
UMAX
Exposure data will be available soon
Diversification
NALT
Exposure data will be available soon
UMAX
Exposure data will be available soon
Characteristics
Compare
NALT
UMAX
| 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 | 2.13% | 14.83% |
| Meets ESG criteria | No | No |
| Inception Date | February 8, 2019 | June 14, 2023 |
Frequently asked questions about NALT and UMAX
Which ETF has performed better year to date: NALT or UMAX?
As of October 20, 2026, NALT has returned 7.95% year to date, while UMAX has returned 3.63%. NALT is ahead on YTD performance.
Which ETF is larger by assets under management: NALT or UMAX?
As of October 20, 2026, NALT manages $378.60 M in assets, while UMAX manages $1.43 B. UMAX is the larger fund by AUM.
How are NALT and UMAX managed?
NALT is actively managed by National Bank Investments. It does not track an index. UMAX is actively managed by Hamilton ETFs. It does not track an index.
Which ETF is attracting more investor flows: NALT or UMAX?
Year to date, NALT has seen +$168.86 M in net flows, compared with +$499.93 M for UMAX. UMAX has attracted more net investor money so far.
How do the fees of NALT and UMAX compare?
NALT has an expense ratio of 0.64%, while UMAX has an expense ratio of 0.77%.
Recent articles about NALT and UMAX
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Posted on 6/13/2024 by Kyle Anthony inStock Market
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