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 Technology, Consumer Non-Cyclicals, and Business Services, while ZNQ leans towards Technology, Consumer Non-Cyclicals, and Healthcare. When evaluating costs, QMAX features a management fee (MER) of 0.65%, compared to 0.35% for ZNQ. Performance-wise, QMAX has returned 18.32% year-to-date with +$177 M in net flows, whereas ZNQ is at 17.64% with -$41 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

-3.0-2.0-1.00.01.02.0%Aug 11Aug 18Aug 25Sep 1Sep 9

Key Data

Historical performance and flows

As of September 11, 2026
1M3MYTD1Y3Y
Perf.
QMAX
+0.46%+0.62%+18.32%+24.17%-
ZNQ
-0.92%-0.90%+17.64%+22.92%+95.47%
Flows
QMAX
+$31 M+$68 M+$177 M+$193 M-
ZNQ
+$26 M+$19 M-$41 M+$397 M+$1,110 M

QMAX vs ZNQ exposure

Countries

QMAX
USA
100.54%
ZNQ
USA
94.36%

Sectors

QMAX
Technology
82.58%
Other
17.42%
ZNQ
Technology
67.71%
Consumer Non-Cyclicals
12.04%
Other
20.25%
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%
ZNQ
Apple, Inc.
8.17%
NVIDIA Corp.
7.87%
Microsoft Corp.
5.59%
Micron Technology, Inc.
4.54%
Amazon.com, Inc.
4.23%
Advanced Micro Devices, Inc.
3.64%
Alphabet, Inc.
3.24%
Broadcom Inc.
3.07%
Alphabet, Inc.
3.04%
Meta Platforms, Inc.
2.66%

Diversification

QMAX
Total weight of top 10 holdings out of 15 total
71.21%
ZNQ
Total weight of top 10 holdings out of 103 total
46.05%

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 yield10.16%0.21%
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 September 11, 2026, QMAX has returned 18.32% year to date, while ZNQ has returned 17.64%. QMAX is ahead on YTD performance.
Which ETF is larger by assets under management: QMAX or ZNQ?
As of September 11, 2026, QMAX manages $999.04 M in assets, while ZNQ manages $2.28 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 Technology, Consumer Non-Cyclicals, and Business Services. ZNQ is most exposed to Technology, Consumer Non-Cyclicals, and Healthcare.
Which ETF is attracting more investor flows: QMAX or ZNQ?
Year to date, QMAX has seen +$177.21 M in net flows, compared with -$40.62 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 0.77%, while ZNQ has an expense ratio of 0.39%.
What are the top holdings of QMAX and ZNQ?
QMAX's largest holdings include Advanced Micro Devices, Inc., Applied Materials, Inc., and Microsoft Corp.. ZNQ's top holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc..
Which ETF is more diversified: QMAX or ZNQ?
QMAX holds 15 securities, while ZNQ holds 102. On holdings count, ZNQ is the more diversified portfolio.

Recent articles about QMAX and ZNQ

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