VS
When evaluating costs, SMAX features a management fee (MER) of 0.65%, compared to 0.65% for HDIV. Performance-wise, SMAX has returned 19.04% year-to-date with +$229 M in net flows, whereas HDIV is at 22.33% with +$700 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
SMAX
HDIV
| AuM | $1,158.82 M | $2,014.02 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.77% | 0.96% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | SMAX | -3.17% | +1.01% | +19.04% | +16.16% | +85.60% |
HDIV | +0.48% | +0.46% | +22.33% | +26.48% | +120.28% | |
| Flows | SMAX | +$44 M | +$83 M | +$229 M | +$257 M | +$936 M |
HDIV | +$66 M | +$213 M | +$700 M | +$780 M | +$1,271 M |
SMAX vs HDIV exposure
Countries
SMAX
Exposure data will be available soon
HDIV
Exposure data will be available soon
Sectors
SMAX
Exposure data will be available soon
HDIV
Exposure data will be available soon
As of November 11, 2026
Top 10 Holdings
SMAX
Exposure data will be available soon
HDIV
Exposure data will be available soon
Diversification
SMAX
Exposure data will be available soon
HDIV
Exposure data will be available soon
Characteristics
Compare
SMAX
HDIV
| 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 | 10.36% | 9.67% |
| Meets ESG criteria | No | No |
| Inception Date | October 25, 2023 | July 19, 2021 |
Frequently asked questions about SMAX and HDIV
Which ETF has performed better year to date: SMAX or HDIV?
As of November 11, 2026, SMAX has returned 19.04% year to date, while HDIV has returned 22.33%. HDIV is ahead on YTD performance.
Which ETF is larger by assets under management: SMAX or HDIV?
As of November 11, 2026, SMAX manages $1.16 B in assets, while HDIV manages $2.01 B. HDIV is the larger fund by AUM.
How are SMAX and HDIV managed?
SMAX is actively managed by Hamilton ETFs. It does not track an index. HDIV is actively managed by Hamilton ETFs. It does not track an index.
Which ETF is attracting more investor flows: SMAX or HDIV?
Year to date, SMAX has seen +$228.58 M in net flows, compared with +$700.01 M for HDIV. HDIV has attracted more net investor money so far.
How do the fees of SMAX and HDIV compare?
SMAX has an expense ratio of 0.77%, while HDIV has an expense ratio of 0.96%.
Recent articles about SMAX and HDIV
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.