VS
When evaluating costs, UMAX features a management fee (MER) of 0.65%, compared to 0.65% for HMAX. Performance-wise, UMAX has returned 5.48% year-to-date with +$486 M in net flows, whereas HMAX is at 19.61% with +$476 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
UMAX
HMAX
| AuM | $1,445.96 M | $2,626.55 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.77% | 0.76% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 27, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | UMAX | +4.03% | -4.83% | +5.48% | +5.46% | +33.91% |
HMAX | +1.68% | -0.08% | +19.61% | +27.44% | +111.11% | |
| Flows | UMAX | -$16 M | +$124 M | +$486 M | +$609 M | +$1,456 M |
HMAX | +$42 M | +$131 M | +$476 M | +$607 M | +$1,621 M |
UMAX vs HMAX exposure
Countries
UMAX
Exposure data will be available soon
HMAX
Exposure data will be available soon
Sectors
UMAX
Exposure data will be available soon
HMAX
Exposure data will be available soon
As of October 27, 2026
Top 10 Holdings
UMAX
Exposure data will be available soon
HMAX
Exposure data will be available soon
Diversification
UMAX
Exposure data will be available soon
HMAX
Exposure data will be available soon
Characteristics
Compare
UMAX
HMAX
| 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 | 14.57% | 11.27% |
| Meets ESG criteria | No | No |
| Inception Date | June 14, 2023 | January 20, 2023 |
Frequently asked questions about UMAX and HMAX
Which ETF has performed better year to date: UMAX or HMAX?
As of October 27, 2026, UMAX has returned 5.48% year to date, while HMAX has returned 19.61%. HMAX is ahead on YTD performance.
Which ETF is larger by assets under management: UMAX or HMAX?
As of October 27, 2026, UMAX manages $1.45 B in assets, while HMAX manages $2.63 B. HMAX is the larger fund by AUM.
How are UMAX and HMAX managed?
UMAX is actively managed by Hamilton ETFs. It does not track an index. HMAX is actively managed by Hamilton ETFs. It does not track an index.
Which ETF is attracting more investor flows: UMAX or HMAX?
Year to date, UMAX has seen +$485.50 M in net flows, compared with +$476.10 M for HMAX. UMAX has attracted more net investor money so far.
How do the fees of UMAX and HMAX compare?
UMAX has an expense ratio of 0.77%, while HMAX has an expense ratio of 0.76%.
Recent articles about UMAX and HMAX
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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
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