VS
When evaluating costs, QMAX features a management fee (MER) of 0.65%, compared to 0.65% for UMAX. Performance-wise, QMAX has returned 16.49% year-to-date with +$227 M in net flows, whereas UMAX is at 5.49% with +$487 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 | $1,022.30 M | $1,447.62 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.77% | 0.77% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 26, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QMAX | -7.53% | +4.18% | +16.49% | +10.92% | +117.02% |
UMAX | +4.04% | -4.82% | +5.49% | +5.46% | +32.95% | |
| Flows | QMAX | +$47 M | +$86 M | +$227 M | +$287 M | +$855 M |
UMAX | -$15 M | +$126 M | +$487 M | +$610 M | +$1,459 M |
QMAX vs UMAX exposure
Countries
QMAX
Exposure data will be available soon
UMAX
Exposure data will be available soon
Sectors
QMAX
Exposure data will be available soon
UMAX
Exposure data will be available soon
As of October 26, 2026
Top 10 Holdings
QMAX
Exposure data will be available soon
UMAX
Exposure data will be available soon
Diversification
QMAX
Exposure data will be available soon
UMAX
Exposure data will be available soon
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 | 10.50% | 14.57% |
| 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 October 26, 2026, QMAX has returned 16.49% year to date, while UMAX has returned 5.49%. QMAX is ahead on YTD performance.
Which ETF is larger by assets under management: QMAX or UMAX?
As of October 26, 2026, QMAX manages $1.02 B 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.
Which ETF is attracting more investor flows: QMAX or UMAX?
Year to date, QMAX has seen +$227.29 M in net flows, compared with +$487.07 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%.
Recent articles about QMAX and UMAX
Yield-focused ETFs and the Benefit They Can Provide Investors
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
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.