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Hamilton Utilities Yield Maximizer ETF (UMAX) and iShares Core Equity ETF (XEQT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that UMAX focuses its top 3 sector exposures on Utilities, Energy, and Communication Services, while XEQT leans towards Information Technology, Financials, and Industrials. When evaluating costs, UMAX features a management fee (MER) of 0.65%, compared to 0.18% for XEQT. Performance-wise, UMAX has returned 10.2% year-to-date with +$284 M in net flows, whereas XEQT is at 9.1% with +$5 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
UMAX
XEQT
| AuM | $1,371.56 M | $18,418.64 M |
| Management Fees | 0.65% | 0.18% |
| Exp. ratio | 0.79% | 0.20% |
| Tracking Difference | - | - |
Historical performance and flows
As of June 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | UMAX | +4.49% | +3.67% | +10.20% | +16.09% | +29.46% |
XEQT | -0.11% | +7.31% | +9.10% | +25.77% | +76.17% | |
| Flows | UMAX | +$23 M | +$166 M | +$284 M | +$616 M | +$1,407 M |
XEQT | +$1,178 M | +$2,598 M | +$4,972 M | +$8,089 M | +$13,017 M |
UMAX vs XEQT exposure
Countries
UMAX
Canada
93.80%
Bermuda
7.60%
XEQT
USA
42.85%
Canada
25.60%
Other
31.55%
Sectors
UMAX
Utilities
31.30%
Energy
24.50%
Communication Services
22.90%
Industrials
22.70%
XEQT
Information Technology
20.56%
Financials
18.58%
Industrials
10.76%
Consumer Discretionary
7.76%
Other
7.36%
Energy
7.32%
Other
27.65%
As of June 10, 2026
Top 10 Holdings
UMAX
ENBRIDGE
8.20%
PEMBINA PIPELINE
8.20%
TC ENERGY CORP
8.10%
HYDRO ONE
8.00%
EMERA
7.90%
ROGERS COMMUNICATIONS
7.80%
BCE
7.80%
FORTIS
7.80%
CANADIAN PACIFIC RAILWAY
7.70%
BROOKFIELD INFRASTRUCTURE PARTNERS LP UNIT
7.60%
XEQT
NVIDIA
3.07%
APPLE
2.52%
MICROSOFT-T
1.92%
ROYAL BK CANADA
1.81%
AMAZON.COM INC
1.64%
ALPHABET INC-CL
1.42%
TORONTO DOMINION
1.30%
BROADCOM LIMITED
1.25%
ALPHABET INC-CL
1.13%
SHOPIFY SUBORDINATE VOTING
1.07%
Diversification
UMAX
Total weight of top 10 holdings out of 13 total
79.10%
XEQT
Total weight of top 10 holdings out of 8,365 total
17.13%
Characteristics
Compare
UMAX
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 | 13.82% | 1.53% |
| Meets ESG criteria | No | No |
| Inception Date | June 14, 2023 | August 7, 2019 |
Frequently asked questions about UMAX and XEQT
Which ETF has performed better year to date: UMAX or XEQT?
As of June 10, 2026, UMAX has returned 10.20% year to date, while XEQT has returned 9.10%. UMAX is ahead on YTD performance.
Which ETF is larger by assets under management: UMAX or XEQT?
As of June 10, 2026, UMAX manages $1.37 B in assets, while XEQT manages $18.42 B. XEQT is the larger fund by AUM.
How are UMAX and XEQT managed?
UMAX is actively managed by Hamilton ETFs. It does not track an index. XEQT is actively managed by iShares. It does not track an index.
What sectors do UMAX and XEQT emphasize?
UMAX is most exposed to Utilities, Energy, and Communication Services. XEQT is most exposed to Information Technology, Financials, and Industrials.
Which ETF is attracting more investor flows: UMAX or XEQT?
Year to date, UMAX has seen +$283.75 M in net flows, compared with +$4,971.90 M for XEQT. XEQT has attracted more net investor money so far.
How do the fees of UMAX and XEQT compare?
UMAX has an expense ratio of 0.79%, while XEQT has an expense ratio of 0.20%.
What are the top holdings of UMAX and XEQT?
UMAX's largest holdings include ENBRIDGE, PEMBINA PIPELINE, and TC ENERGY CORP. XEQT's top holdings include NVIDIA and ALPHABET INC-CL.
Which ETF is more diversified: UMAX or XEQT?
UMAX holds 13 securities, while XEQT holds 7454. On holdings count, XEQT is the more diversified portfolio.
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