QMAX
Hamilton Technology Yield Maximizer ETF

Full QMAX fund page
VS
ZNQ
BMO NASDAQ 100 Equity Index ETF

Full ZNQ fund page

Hamilton Technology Yield Maximizer ETF (QMAX) and BMO NASDAQ 100 Equity Index ETF (ZNQ) offer distinct profiles for Canadian ETF investors. A direct comparison shows that QMAX focuses its top 3 sector exposures on Information Technology, Communication Services, and Consumer Discretionary, while ZNQ leans towards Information Technology, Communication Services, and Consumer Discretionary. When evaluating costs, QMAX features a management fee (MER) of 0.65%, compared to 0.35% for ZNQ. Performance-wise, QMAX has returned 2.57% year-to-date with +$96 M in net flows, whereas ZNQ is at 7.7% with -$139 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

-5051015%Mar 24Mar 31Apr 8Apr 15Apr 22

Key Data

Historical performance and flows

As of April 24, 2026
1M3MYTD1Y3Y
Perf.
QMAX
+17.53%+6.05%+2.57%+39.29%-
ZNQ
+12.94%+5.88%+7.70%+40.44%+114.29%
Flows
QMAX
+$14 M+$80 M+$96 M+$193 M-
ZNQ
+$89 M-$174 M-$139 M+$652 M+$924 M

QMAX vs ZNQ exposure

Countries

QMAX
USA
94.60%
ZNQ
USA
96.36%

Sectors

QMAX
Information Technology
54.00%
Communication Services
20.50%
Consumer Discretionary
13.70%
Other
11.80%
ZNQ
Information Technology
48.57%
Communication Services
15.23%
Consumer Discretionary
12.56%
Consumer Staples
8.83%
Other
14.80%
As of April 24, 2026

Top 10 Holdings

QMAX
NETFLIX
7.20%
APPLE
7.10%
INTEL-T
7.00%
AMAZON.COM INC
6.90%
ADVANCED MICRO DEVICES
6.90%
NVIDIA
6.90%
TESLA
6.80%
MICROSOFT-T
6.80%
BROADCOM LIMITED
6.70%
ALPHABET INC-CL
6.70%
ZNQ
NVIDIA
8.51%
APPLE
7.68%
MICROSOFT-T
5.65%
AMAZON.COM INC
4.57%
TESLA
3.76%
WALMART INC
3.53%
ALPHABET INC-CL
3.38%
META PLATFORMS
3.36%
ALPHABET INC-CL
3.15%
BROADCOM LIMITED
2.95%

Diversification

QMAX
Total weight of top 10 holdings out of 14 total
69.00%
ZNQ
Total weight of top 10 holdings out of 101 total
46.55%

Characteristics

Compare
QMAX
ZNQ
ProviderHamilton ETFsBMO
ManagementActively managedPassively managed
Benchmark-NASDAQ-100 Total Return Index - CAD
Replication MethodDirect (Physical)
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield10.78%0.23%
Meets ESG criteriaNoNo
Inception DateOctober 25, 2023February 15, 2019

Frequently asked questions about QMAX and ZNQ

Which ETF has performed better year to date: QMAX or ZNQ?
As of April 24, 2026, QMAX has returned 2.57% year to date, while ZNQ has returned 7.70%. ZNQ is ahead on YTD performance.
Which ETF is larger by assets under management: QMAX or ZNQ?
As of April 24, 2026, QMAX manages $832.09 M in assets, while ZNQ manages $1.99 B. ZNQ is the larger fund by AUM.
How are QMAX and ZNQ managed?
QMAX is actively managed by Hamilton ETFs. It does not track an index. ZNQ is passively managed by BMO. It tracks the NASDAQ-100 Total Return Index - CAD benchmark.
What sectors do QMAX and ZNQ emphasize?
QMAX is most exposed to Information Technology, Communication Services, and Consumer Discretionary. ZNQ is most exposed to Information Technology, Communication Services, and Consumer Discretionary.
Which ETF is attracting more investor flows: QMAX or ZNQ?
Year to date, QMAX has seen +$95.99 M in net flows, compared with -$139.35 M for ZNQ. QMAX has attracted more net investor money so far.
How do the fees of QMAX and ZNQ compare?
QMAX has an expense ratio of 0.80%, while ZNQ has an expense ratio of 0.39%.
What are the top holdings of QMAX and ZNQ?
QMAX's largest holdings include NETFLIX, APPLE, and INTEL-T. ZNQ's top holdings include NVIDIA, APPLE, and ALPHABET INC-CL.
Which ETF is more diversified: QMAX or ZNQ?
QMAX holds 14 securities, while ZNQ holds 93. On holdings count, ZNQ is the more diversified portfolio.

Recent articles about QMAX and ZNQ

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