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Compare Hamilton Technology Yield Maximizer ETF (QMAX) vs Hamilton Utilities Yield Maximizer ETF (UMAX) to find the best fit for your portfolio. QMAX provides Technology, Consumer Non-Cyclicals, and Business Services exposures, while UMAX is primarily weighted in Industrials, Utilities, and Energy. When evaluating costs, QMAX features a management fee (MER) of 0.65%, compared to 0.65% for UMAX. Performance-wise, QMAX has returned 18.32% year-to-date with +$177 M in net flows, whereas UMAX is at 3.92% with +$499 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
QMAX
UMAX
| AuM | $999.04 M | $1,454.19 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.77% | 0.77% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QMAX | +0.46% | +0.62% | +18.32% | +24.17% | - |
UMAX | -3.18% | -5.47% | +3.92% | +5.88% | +26.26% | |
| Flows | QMAX | +$31 M | +$68 M | +$177 M | +$193 M | - |
UMAX | +$63 M | +$215 M | +$499 M | +$693 M | +$1,499 M |
QMAX vs UMAX exposure
Countries
QMAX
USA
100.54%
UMAX
Canada
92.10%
Bermuda
8.31%
Sectors
QMAX
Technology
82.58%
Other
17.42%
UMAX
Industrials
23.74%
Utilities
23.18%
Energy
22.94%
Telecommunications
22.82%
Business Services
7.73%
As of September 11, 2026
Top 10 Holdings
QMAX
Advanced Micro Devices, Inc.
8.13%
Applied Materials, Inc.
7.72%
Microsoft Corp.
7.50%
Micron Technology, Inc.
7.19%
Apple, Inc.
7.01%
Amazon.com, Inc.
6.92%
Lam Research Corp.
6.91%
Intel Corp.
6.81%
Alphabet, Inc.
6.53%
Broadcom Inc.
6.47%
UMAX
Brookfield Infrastructure Partners LP
8.31%
Canadian National Railway Co.
7.86%
BCE, Inc.
7.77%
Emera, Inc.
7.76%
Hydro One Ltd.
7.73%
Waste Connections, Inc.
7.73%
TC Energy Corp.
7.70%
Enbridge, Inc.
7.69%
Fortis, Inc.
7.69%
Rogers Communications, Inc.
7.67%
Diversification
QMAX
Total weight of top 10 holdings out of 15 total
71.21%
UMAX
Total weight of top 10 holdings out of 13 total
77.90%
Characteristics
Compare
QMAX
UMAX
| Provider | Hamilton ETFs | Hamilton ETFs |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 10.16% | 14.80% |
| Meets ESG criteria | No | No |
| Inception Date | October 25, 2023 | June 14, 2023 |
Frequently asked questions about QMAX and UMAX
Which ETF has performed better year to date: QMAX or UMAX?
As of September 11, 2026, QMAX has returned 18.32% year to date, while UMAX has returned 3.92%. QMAX is ahead on YTD performance.
Which ETF is larger by assets under management: QMAX or UMAX?
As of September 11, 2026, QMAX manages $999.04 M in assets, while UMAX manages $1.45 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 Technology, Consumer Non-Cyclicals, and Business Services. UMAX is most exposed to Industrials, Utilities, and Energy.
Which ETF is attracting more investor flows: QMAX or UMAX?
Year to date, QMAX has seen +$177.21 M in net flows, compared with +$498.79 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 0.77%, while UMAX has an expense ratio of 0.77%.
What are the top holdings of QMAX and UMAX?
QMAX's largest holdings include Advanced Micro Devices, Inc., Applied Materials, Inc., and Microsoft Corp.. UMAX's top holdings include Brookfield Infrastructure Partners LP, Canadian National Railway Co., and BCE, Inc..
Which ETF is more diversified: QMAX or UMAX?
QMAX holds 15 securities, while UMAX holds 13. On holdings count, QMAX is the more diversified portfolio.
Recent articles about QMAX and UMAX
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Posted on 6/13/2024 by Kyle Anthony inStock Market
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