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 Industrials, Utilities, and Energy, 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 6.03% year-to-date with +$493 M in net flows, whereas ZUH is at 14.29% 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 | $1,477.73 M | $187.93 M |
| Management Fees | 0.65% | 0.35% |
| Exp. ratio | 0.77% | 0.39% |
| Tracking Difference | - | -0.29% |
Historical performance and flows
As of September 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | UMAX | -2.15% | -2.79% | +6.03% | +7.98% | +27.52% |
ZUH | +5.42% | +15.77% | +14.29% | +22.92% | +19.29% | |
| Flows | UMAX | +$116 M | +$214 M | +$493 M | +$701 M | +$1,497 M |
ZUH | +$0 M | -$7 M | -$17 M | -$27 M | -$181 M |
UMAX vs ZUH exposure
Countries
UMAX
Canada
92.10%
Bermuda
8.31%
ZUH
USA
94.00%
Sectors
UMAX
Industrials
23.74%
Utilities
23.18%
Energy
22.94%
Telecommunications
22.82%
Business Services
7.73%
ZUH
Healthcare
98.86%
As of September 4, 2026
Top 10 Holdings
UMAX
Brookfield Infrastructure Partners LP
8.31%
Canadian National Railway Co.
7.86%
BCE, Inc.
7.77%
Emera, Inc.
7.76%
Hydro One Ltd.
7.73%
Waste Connections, Inc.
7.73%
TC Energy Corp.
7.70%
Enbridge, Inc.
7.69%
Fortis, Inc.
7.69%
Rogers Communications, Inc.
7.67%
ZUH
Humana, Inc.
2.31%
Revolution Medicines, Inc.
2.20%
Guardant Health, Inc.
1.89%
Illumina, Inc.
1.86%
DaVita, Inc.
1.79%
Baxter International, Inc.
1.71%
UnitedHealth Group, Inc.
1.66%
Neurocrine Biosciences, Inc.
1.63%
Jazz Pharmaceuticals Plc
1.61%
Centene Corp.
1.57%
Diversification
UMAX
Total weight of top 10 holdings out of 13 total
77.90%
ZUH
Total weight of top 10 holdings out of 79 total
18.21%
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 | 14.51% | 0.48% |
| 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 September 4, 2026, UMAX has returned 6.03% year to date, while ZUH has returned 14.29%. ZUH is ahead on YTD performance.
Which ETF is larger by assets under management: UMAX or ZUH?
As of September 4, 2026, UMAX manages $1.48 B in assets, while ZUH manages $187.93 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 Industrials, Utilities, and Energy. ZUH is most exposed to Healthcare.
Which ETF is attracting more investor flows: UMAX or ZUH?
Year to date, UMAX has seen +$492.86 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%.
What are the top holdings of UMAX and ZUH?
UMAX's largest holdings include Brookfield Infrastructure Partners LP, Canadian National Railway Co., and BCE, 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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