VS
When evaluating costs, ZLSU features a management fee (MER) of 0.73%, compared to 0.65% for HMAX. Performance-wise, ZLSU has returned 13.9% year-to-date with +$112 M in net flows, whereas HMAX is at 16.4% with +$466 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
ZLSU
HMAX
| AuM | $226.72 M | $2,545.63 M |
| Management Fees | 0.73% | 0.65% |
| Exp. ratio | 0.72% | 0.76% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZLSU | +0.49% | +3.23% | +13.90% | +10.18% | +64.51% |
HMAX | -2.73% | -2.13% | +16.40% | +26.01% | +97.74% | |
| Flows | ZLSU | +$2 M | -$1 M | +$112 M | +$113 M | +$176 M |
HMAX | +$49 M | +$135 M | +$466 M | +$610 M | +$1,620 M |
ZLSU vs HMAX exposure
Countries
ZLSU
Exposure data will be available soon
HMAX
Exposure data will be available soon
Sectors
ZLSU
Exposure data will be available soon
HMAX
Exposure data will be available soon
As of October 19, 2026
Top 10 Holdings
ZLSU
Exposure data will be available soon
HMAX
Exposure data will be available soon
Diversification
ZLSU
Exposure data will be available soon
HMAX
Exposure data will be available soon
Characteristics
Compare
ZLSU
HMAX
| Provider | BMO | Hamilton ETFs |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.70% | 11.59% |
| Meets ESG criteria | No | No |
| Inception Date | October 2, 2023 | January 20, 2023 |
Frequently asked questions about ZLSU and HMAX
Which ETF has performed better year to date: ZLSU or HMAX?
As of October 19, 2026, ZLSU has returned 13.90% year to date, while HMAX has returned 16.40%. HMAX is ahead on YTD performance.
Which ETF is larger by assets under management: ZLSU or HMAX?
As of October 19, 2026, ZLSU manages $226.72 M in assets, while HMAX manages $2.55 B. HMAX is the larger fund by AUM.
How are ZLSU and HMAX managed?
ZLSU is actively managed by BMO. 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: ZLSU or HMAX?
Year to date, ZLSU has seen +$112.39 M in net flows, compared with +$465.56 M for HMAX. HMAX has attracted more net investor money so far.
How do the fees of ZLSU and HMAX compare?
ZLSU has an expense ratio of 0.72%, while HMAX has an expense ratio of 0.76%.
Recent articles about ZLSU and HMAX
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