VS
When evaluating costs, SMAX features a management fee (MER) of 0.65%, compared to 0.18% for XEQT. Performance-wise, SMAX has returned 19.04% year-to-date with +$229 M in net flows, whereas XEQT is at 16.4% with +$10 B. 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
XEQT
| AuM | $1,158.82 M | $24,555.49 M |
| Management Fees | 0.65% | 0.18% |
| Exp. ratio | 0.77% | 0.19% |
| 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% |
XEQT | -0.52% | -0.02% | +16.40% | +16.62% | +84.32% | |
| Flows | SMAX | +$44 M | +$83 M | +$229 M | +$257 M | +$936 M |
XEQT | +$1,153 M | +$3,078 M | +$10,001 M | +$10,786 M | +$17,732 M |
SMAX vs XEQT exposure
Countries
SMAX
Exposure data will be available soon
XEQT
Exposure data will be available soon
Sectors
SMAX
Exposure data will be available soon
XEQT
Exposure data will be available soon
As of November 11, 2026
Top 10 Holdings
SMAX
Exposure data will be available soon
XEQT
Exposure data will be available soon
Diversification
SMAX
Exposure data will be available soon
XEQT
Exposure data will be available soon
Characteristics
Compare
SMAX
XEQT
| Provider | Hamilton ETFs | iShares |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 10.36% | 1.57% |
| Meets ESG criteria | No | No |
| Inception Date | October 25, 2023 | August 7, 2019 |
Frequently asked questions about SMAX and XEQT
Which ETF has performed better year to date: SMAX or XEQT?
As of November 11, 2026, SMAX has returned 19.04% year to date, while XEQT has returned 16.40%. SMAX is ahead on YTD performance.
Which ETF is larger by assets under management: SMAX or XEQT?
As of November 11, 2026, SMAX manages $1.16 B in assets, while XEQT manages $24.56 B. XEQT is the larger fund by AUM.
How are SMAX and XEQT managed?
SMAX is actively managed by Hamilton ETFs. It does not track an index. XEQT is actively managed by iShares. It does not track an index.
Which ETF is attracting more investor flows: SMAX or XEQT?
Year to date, SMAX has seen +$228.58 M in net flows, compared with +$10,000.71 M for XEQT. XEQT has attracted more net investor money so far.
How do the fees of SMAX and XEQT compare?
SMAX has an expense ratio of 0.77%, while XEQT has an expense ratio of 0.19%.
Recent articles about SMAX and XEQT
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