QMAX
Hamilton Technology Yield Maximizer ETF

Full QMAX fund page
VS
ZWT
BMO Covered Call Technology ETF

Full ZWT fund page

Hamilton Technology Yield Maximizer ETF (QMAX) and BMO Covered Call Technology ETF (ZWT) 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 ZWT leans towards Information Technology, Communication Services, and Consumer Discretionary. When evaluating costs, QMAX features a management fee (MER) of 0.65%, compared to 0.65% for ZWT. Performance-wise, QMAX has returned 2.57% year-to-date with +$96 M in net flows, whereas ZWT is at 6.96% with +$28 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%-
ZWT
+14.73%+6.12%+6.96%+47.61%+154.78%
Flows
QMAX
+$14 M+$80 M+$96 M+$193 M-
ZWT
+$14 M+$28 M+$28 M+$39 M+$71 M

QMAX vs ZWT exposure

Countries

QMAX
USA
94.60%
ZWT
USA
97.85%

Sectors

QMAX
Information Technology
54.00%
Communication Services
20.50%
Consumer Discretionary
13.70%
Other
11.80%
ZWT
Information Technology
67.17%
Communication Services
20.90%
Consumer Discretionary
9.29%
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%
ZWT
APPLE
9.40%
AMAZON.COM INC
9.29%
MICROSOFT-T
9.23%
NVIDIA
9.04%
ALPHABET INC-CL
9.03%
BROADCOM LIMITED
8.83%
META PLATFORMS
8.66%
NETFLIX
3.21%
MICRON TECHNOLOGY
3.04%
PALANTIR TECHNOLOGIES
2.38%

Diversification

QMAX
Total weight of top 10 holdings out of 14 total
69.00%
ZWT
Total weight of top 10 holdings out of 30 total
72.11%

Characteristics

Compare
QMAX
ZWT
ProviderHamilton ETFsBMO
ManagementActively managedActively managed
Benchmark--
Replication Method
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield10.78%4.46%
Meets ESG criteriaNoNo
Inception DateOctober 25, 2023January 26, 2021

Frequently asked questions about QMAX and ZWT

Which ETF has performed better year to date: QMAX or ZWT?
As of April 24, 2026, QMAX has returned 2.57% year to date, while ZWT has returned 6.96%. ZWT is ahead on YTD performance.
Which ETF is larger by assets under management: QMAX or ZWT?
As of April 24, 2026, QMAX manages $832.09 M in assets, while ZWT manages $231.68 M. QMAX is the larger fund by AUM.
How are QMAX and ZWT managed?
QMAX is actively managed by Hamilton ETFs. It does not track an index. ZWT is actively managed by BMO. It does not track an index.
What sectors do QMAX and ZWT emphasize?
QMAX is most exposed to Information Technology, Communication Services, and Consumer Discretionary. ZWT is most exposed to Information Technology, Communication Services, and Consumer Discretionary.
Which ETF is attracting more investor flows: QMAX or ZWT?
Year to date, QMAX has seen +$95.99 M in net flows, compared with +$28.36 M for ZWT. QMAX has attracted more net investor money so far.
How do the fees of QMAX and ZWT compare?
QMAX has an expense ratio of 0.80%, while ZWT has an expense ratio of 0.71%.
What are the top holdings of QMAX and ZWT?
QMAX's largest holdings include NETFLIX, APPLE, and INTEL-T. ZWT's top holdings include APPLE, AMAZON.COM INC, and MICROSOFT-T.
Which ETF is more diversified: QMAX or ZWT?
QMAX holds 14 securities, while ZWT holds 29. On holdings count, ZWT is the more diversified portfolio.

Recent articles about QMAX and ZWT

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