VS
Hamilton Utilities Yield Maximizer ETF (UMAX) and BMO Equal Weight U.S. Health Care Index ETF (ZUH) offer distinct profiles for Canadian ETF investors. A direct comparison shows that UMAX focuses its top 3 sector exposures on Energy, Industrials, and Utilities, while ZUH leans towards Healthcare. When evaluating costs, UMAX features a management fee (MER) of 0.65%, compared to 0.35% for ZUH. Performance-wise, UMAX has returned 10.83% year-to-date with +$364 M in net flows, whereas ZUH is at 6.11% with -$13 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
ZUH
| AuM | $1,445.40 M | $178.16 M |
| Management Fees | 0.65% | 0.35% |
| Exp. ratio | 0.79% | 0.39% |
| Tracking Difference | - | -0.23% |
Historical performance and flows
As of July 27, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | UMAX | +1.23% | +6.47% | +10.83% | +16.10% | +31.54% |
ZUH | +1.55% | +11.06% | +6.11% | +17.44% | +6.10% | |
| Flows | UMAX | +$56 M | +$118 M | +$364 M | +$609 M | +$1,411 M |
ZUH | +$0 M | -$7 M | -$13 M | -$33 M | -$188 M |
UMAX vs ZUH exposure
Countries
UMAX
Canada
92.83%
Bermuda
7.77%
ZUH
USA
98.17%
Sectors
UMAX
Energy
24.53%
Industrials
24.39%
Utilities
23.82%
Telecommunications
20.04%
Business Services
7.82%
ZUH
Healthcare
103.05%
As of July 27, 2026
Top 10 Holdings
UMAX
Canadian National Railway Co.
8.46%
Pembina Pipeline Corp.
8.22%
Enbridge, Inc.
8.16%
TC Energy Corp.
8.15%
Canadian Pacific Kansas City Ltd.
8.15%
Emera, Inc.
8.00%
Fortis, Inc.
7.95%
Hydro One Ltd.
7.88%
Waste Connections, Inc.
7.82%
Brookfield Infrastructure Partners LP
7.77%
ZUH
Humana, Inc.
2.64%
Revolution Medicines, Inc.
2.38%
Guardant Health, Inc.
2.05%
Centene Corp.
1.80%
UnitedHealth Group, Inc.
1.78%
DaVita, Inc.
1.77%
Illumina, Inc.
1.77%
West Pharmaceutical Services, Inc.
1.75%
Natera, Inc.
1.67%
Elevance Health, Inc.
1.63%
Diversification
UMAX
Total weight of top 10 holdings out of 13 total
80.56%
ZUH
Total weight of top 10 holdings out of 79 total
19.22%
Characteristics
Compare
UMAX
ZUH
| Provider | Hamilton ETFs | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight US Health Care Canadian Dollar Hedged Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 13.80% | 0.52% |
| Meets ESG criteria | No | No |
| Inception Date | June 14, 2023 | May 19, 2010 |
Frequently asked questions about UMAX and ZUH
Which ETF has performed better year to date: UMAX or ZUH?
As of July 27, 2026, UMAX has returned 10.83% year to date, while ZUH has returned 6.11%. UMAX is ahead on YTD performance.
Which ETF is larger by assets under management: UMAX or ZUH?
As of July 27, 2026, UMAX manages $1.45 B in assets, while ZUH manages $178.16 M. UMAX is the larger fund by AUM.
How are UMAX and ZUH managed?
UMAX is actively managed by Hamilton ETFs. It does not track an index. ZUH is passively managed by BMO. It tracks the Solactive Equal Weight US Health Care Canadian Dollar Hedged Total Return Index - CAD benchmark.
What sectors do UMAX and ZUH emphasize?
UMAX is most exposed to Energy, Industrials, and Utilities. ZUH is most exposed to Healthcare.
Which ETF is attracting more investor flows: UMAX or ZUH?
Year to date, UMAX has seen +$364.16 M in net flows, compared with -$13.48 M for ZUH. UMAX has attracted more net investor money so far.
How do the fees of UMAX and ZUH compare?
UMAX has an expense ratio of 0.79%, while ZUH has an expense ratio of 0.39%.
What are the top holdings of UMAX and ZUH?
UMAX's largest holdings include Canadian National Railway Co., Pembina Pipeline Corp., and Enbridge, Inc.. ZUH's top holdings include Humana, Inc., Revolution Medicines, Inc., and Guardant Health, Inc..
Which ETF is more diversified: UMAX or ZUH?
UMAX holds 13 securities, while ZUH holds 79. On holdings count, ZUH is the more diversified portfolio.
Recent articles about UMAX and ZUH
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