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Compare Hamilton U.S. Equity Yield Maximizer ETF (SMAX) vs Hamilton Utilities Yield Maximizer ETF (UMAX) to find the best fit for your portfolio. SMAX provides Technology, Finance, and Healthcare exposures, while UMAX is primarily weighted in Industrials, Utilities, and Energy. When evaluating costs, SMAX features a management fee (MER) of 0.65%, compared to 0.65% for UMAX. Performance-wise, SMAX has returned 16.68% year-to-date with +$185 M in net flows, whereas UMAX is at 4.28% with +$496 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
UMAX
| AuM | $1,112.48 M | $1,456.41 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.77% | 0.77% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 14, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | SMAX | -1.17% | -0.44% | +16.68% | +23.02% | - |
UMAX | -3.43% | -5.28% | +4.28% | +6.60% | +23.75% | |
| Flows | SMAX | +$23 M | +$77 M | +$185 M | +$147 M | - |
UMAX | +$44 M | +$213 M | +$496 M | +$679 M | +$1,493 M |
SMAX vs UMAX exposure
Countries
SMAX
USA
97.15%
UMAX
Canada
92.10%
Bermuda
8.31%
Sectors
SMAX
Technology
43.20%
Finance
16.37%
Healthcare
8.46%
Industrials
8.37%
Consumer Non-Cyclicals
7.92%
Other
15.68%
UMAX
Industrials
23.74%
Utilities
23.18%
Energy
22.94%
Telecommunications
22.82%
Business Services
7.73%
As of September 14, 2026
Top 10 Holdings
SMAX
Advanced Micro Devices, Inc.
5.45%
Micron Technology, Inc.
5.16%
Cisco Systems, Inc.
5.09%
Amazon.com, Inc.
4.60%
Eli Lilly & Co.
4.51%
Apple, Inc.
4.43%
GE Aerospace
4.37%
Microsoft Corp.
4.35%
JPMorgan Chase & Co.
4.32%
Visa, Inc.
4.28%
UMAX
Brookfield Infrastructure Partners LP
8.31%
Canadian National Railway Co.
7.86%
BCE, Inc.
7.77%
Emera, Inc.
7.76%
Hydro One Ltd.
7.73%
Waste Connections, Inc.
7.73%
TC Energy Corp.
7.70%
Enbridge, Inc.
7.69%
Fortis, Inc.
7.69%
Rogers Communications, Inc.
7.67%
Diversification
SMAX
Total weight of top 10 holdings out of 25 total
46.56%
UMAX
Total weight of top 10 holdings out of 13 total
77.90%
Characteristics
Compare
SMAX
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 | 10.21% | 14.75% |
| Meets ESG criteria | No | No |
| Inception Date | October 25, 2023 | June 14, 2023 |
Frequently asked questions about SMAX and UMAX
Which ETF has performed better year to date: SMAX or UMAX?
As of September 14, 2026, SMAX has returned 16.68% year to date, while UMAX has returned 4.28%. SMAX is ahead on YTD performance.
Which ETF is larger by assets under management: SMAX or UMAX?
As of September 14, 2026, SMAX manages $1.11 B in assets, while UMAX manages $1.46 B. UMAX is the larger fund by AUM.
How are SMAX and UMAX managed?
SMAX 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.
What sectors do SMAX and UMAX emphasize?
SMAX is most exposed to Technology, Finance, and Healthcare. UMAX is most exposed to Industrials, Utilities, and Energy.
Which ETF is attracting more investor flows: SMAX or UMAX?
Year to date, SMAX has seen +$184.64 M in net flows, compared with +$495.96 M for UMAX. UMAX has attracted more net investor money so far.
How do the fees of SMAX and UMAX compare?
SMAX has an expense ratio of 0.77%, while UMAX has an expense ratio of 0.77%.
What are the top holdings of SMAX and UMAX?
SMAX's largest holdings include Advanced Micro Devices, Inc., Micron Technology, Inc., and Cisco Systems, Inc.. UMAX's top holdings include Brookfield Infrastructure Partners LP, Canadian National Railway Co., and BCE, Inc..
Which ETF is more diversified: SMAX or UMAX?
SMAX holds 25 securities, while UMAX holds 13. On holdings count, SMAX is the more diversified portfolio.
Recent articles about SMAX and UMAX
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Posted on 6/13/2024 by Kyle Anthony inStock Market
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