QMAX
Hamilton Technology Yield Maximizer ETF

Full QMAX fund page
VS
UMAX
Hamilton Utilities Yield Maximizer ETF

Full UMAX fund page

Compare Hamilton Technology Yield Maximizer ETF (QMAX) vs Hamilton Utilities Yield Maximizer ETF (UMAX) to find the best fit for your portfolio. QMAX provides Information Technology, Communication Services, and Consumer Discretionary exposures, while UMAX is primarily weighted in Utilities, Energy, and Communication Services. When evaluating costs, QMAX features a management fee (MER) of 0.65%, compared to 0.65% for UMAX. Performance-wise, QMAX has returned 2.48% year-to-date with +$97 M in net flows, whereas UMAX is at 4.72% with +$248 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

0510152025%Mar 30Apr 7Apr 14Apr 21Apr 28

Key Data

Historical performance and flows

As of April 28, 2026
1M3MYTD1Y3Y
Perf.
QMAX
+25.13%+8.29%+2.48%+36.11%-
UMAX
-0.98%+4.20%+4.72%+12.92%-
Flows
QMAX
+$8 M+$77 M+$97 M+$194 M-
UMAX
+$87 M+$217 M+$248 M+$640 M-

QMAX vs UMAX exposure

Countries

QMAX
USA
94.60%
UMAX
Canada
93.80%
Bermuda
7.60%

Sectors

QMAX
Information Technology
54.00%
Communication Services
20.50%
Consumer Discretionary
13.70%
Other
11.80%
UMAX
Utilities
31.30%
Energy
24.50%
Communication Services
22.90%
Industrials
22.70%
As of April 28, 2026

Top 10 Holdings

QMAX
NETFLIX
7.20%
APPLE
7.10%
INTEL-T
7.00%
ADVANCED MICRO DEVICES
6.90%
AMAZON.COM INC
6.90%
NVIDIA
6.90%
TESLA
6.80%
MICROSOFT-T
6.80%
ALPHABET INC-CL
6.70%
BROADCOM LIMITED
6.70%
UMAX
ENBRIDGE
8.20%
PEMBINA PIPELINE
8.20%
TC ENERGY CORP
8.10%
HYDRO ONE
8.00%
EMERA
7.90%
FORTIS
7.80%
BCE
7.80%
ROGERS COMMUNICATIONS
7.80%
CANADIAN PACIFIC RAILWAY
7.70%
BROOKFIELD INFRASTRUCTURE PARTNERS LP UNIT
7.60%

Diversification

QMAX
Total weight of top 10 holdings out of 14 total
69.00%
UMAX
Total weight of top 10 holdings out of 13 total
79.10%

Characteristics

Compare
QMAX
UMAX
ProviderHamilton ETFsHamilton ETFs
ManagementActively managedActively managed
Benchmark--
Replication Method
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield10.79%14.43%
Meets ESG criteriaNoNo
Inception DateOctober 25, 2023June 14, 2023

Frequently asked questions about QMAX and UMAX

Which ETF has performed better year to date: QMAX or UMAX?
As of April 28, 2026, QMAX has returned 2.48% year to date, while UMAX has returned 4.72%. UMAX is ahead on YTD performance.
Which ETF is larger by assets under management: QMAX or UMAX?
As of April 28, 2026, QMAX manages $832.43 M in assets, while UMAX manages $1.30 B. UMAX is the larger fund by AUM.
How are QMAX and UMAX managed?
QMAX is actively managed by Hamilton ETFs. It does not track an index. UMAX is actively managed by Hamilton ETFs. It does not track an index.
What sectors do QMAX and UMAX emphasize?
QMAX is most exposed to Information Technology, Communication Services, and Consumer Discretionary. UMAX is most exposed to Utilities, Energy, and Communication Services.
Which ETF is attracting more investor flows: QMAX or UMAX?
Year to date, QMAX has seen +$97.13 M in net flows, compared with +$247.68 M for UMAX. UMAX has attracted more net investor money so far.
How do the fees of QMAX and UMAX compare?
QMAX has an expense ratio of 0.80%, while UMAX has an expense ratio of 0.79%.
What are the top holdings of QMAX and UMAX?
QMAX's largest holdings include NETFLIX, APPLE, and INTEL-T. UMAX's top holdings include ENBRIDGE, PEMBINA PIPELINE, and TC ENERGY CORP.
Which ETF is more diversified: QMAX or UMAX?
QMAX holds 14 securities, while UMAX holds 13. On holdings count, QMAX is the more diversified portfolio.

Recent articles about QMAX and UMAX

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