VS
When evaluating costs, UMAX features a management fee (MER) of 0.65%, compared to 0.35% for ZUH. Performance-wise, UMAX has returned 5.49% year-to-date with +$487 M in net flows, whereas ZUH is at 16.66% with -$17 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 | $1,447.62 M | $191.84 M |
| Management Fees | 0.65% | 0.35% |
| Exp. ratio | 0.77% | 0.39% |
| Tracking Difference | - | -0.29% |
Historical performance and flows
As of October 26, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | UMAX | +4.04% | -4.82% | +5.49% | +5.46% | +32.95% |
ZUH | +2.38% | +9.94% | +16.66% | +20.01% | +36.85% | |
| Flows | UMAX | -$15 M | +$126 M | +$487 M | +$610 M | +$1,459 M |
ZUH | +$0 M | -$4 M | -$17 M | -$24 M | -$178 M |
UMAX vs ZUH exposure
Countries
UMAX
Exposure data will be available soon
ZUH
USA
94.61%
Sectors
UMAX
Exposure data will be available soon
ZUH
Healthcare
99.27%
As of October 26, 2026
Top 10 Holdings
UMAX
Exposure data will be available soon
ZUH
Moderna, Inc.
2.82%
Humana, Inc.
2.31%
Revolution Medicines, Inc.
2.27%
Guardant Health, Inc.
1.90%
Illumina, Inc.
1.86%
Natera, Inc.
1.77%
IQVIA Holdings, Inc.
1.61%
Centene Corp.
1.59%
Baxter International, Inc.
1.59%
Veeva Systems, Inc.
1.52%
Diversification
UMAX
Exposure data will be available soon
ZUH
Total weight of top 10 holdings out of 79 total
19.25%
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 | 14.57% | 0.47% |
| 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 October 26, 2026, UMAX has returned 5.49% year to date, while ZUH has returned 16.66%. ZUH is ahead on YTD performance.
Which ETF is larger by assets under management: UMAX or ZUH?
As of October 26, 2026, UMAX manages $1.45 B in assets, while ZUH manages $191.84 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.
Which ETF is attracting more investor flows: UMAX or ZUH?
Year to date, UMAX has seen +$487.07 M in net flows, compared with -$17.22 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 0.77%, while ZUH has an expense ratio of 0.39%.
Recent articles about UMAX and ZUH
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