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BMO Monthly Income ETF (ZMI) and Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZMI focuses its top 3 sector exposures on Finance, Technology, and Banks, while HDIV leans towards Finance, Energy, and Technology. When evaluating costs, ZMI features a management fee (MER) of 0.18%, compared to 0.65% for HDIV. Performance-wise, ZMI has returned 10.01% year-to-date with +$35 M in net flows, whereas HDIV is at 18.51% with +$471 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
ZMI
HDIV
| AuM | $248.30 M | $1,788.94 M |
| Management Fees | 0.18% | 0.65% |
| Exp. ratio | 0.20% | 2.55% |
| Tracking Difference | - | - |
Historical performance and flows
As of July 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZMI | +0.03% | +4.63% | +10.01% | +17.52% | +44.77% |
HDIV | -0.10% | +7.44% | +18.51% | +40.73% | +103.52% | |
| Flows | ZMI | +$8 M | +$14 M | +$35 M | +$59 M | +$103 M |
HDIV | +$76 M | +$186 M | +$471 M | +$706 M | +$1,058 M |
ZMI vs HDIV exposure
Countries
ZMI
USA
40.95%
Canada
34.75%
Other
10.62%
Other
13.69%
HDIV
Other
35.14%
Canada
33.76%
USA
28.21%
Sectors
ZMI
Finance
17.52%
Technology
12.55%
Other
10.62%
Banks
8.12%
Other
51.20%
HDIV
Other
35.14%
Finance
19.76%
Energy
14.11%
Technology
11.05%
Non-Energy Materials
11.04%
Other
8.89%
As of July 30, 2026
Top 10 Holdings
ZMI
CA05600A3082
4.59%
Cisco Systems, Inc.
1.60%
Royal Bank of Canada
1.55%
AbbVie, Inc.
1.53%
Royal Bank of Canada, 5.228% 24jun2030, CAD
1.31%
Apple, Inc.
1.26%
International Business Machines Corp.
1.15%
JPMorgan Chase & Co.
1.10%
Broadcom Inc.
1.09%
The Toronto-Dominion Bank
1.07%
HDIV
CA4073641082
20.20%
CA40736C1005
6.60%
Royal Bank of Canada
4.44%
CA40737J1049
3.55%
The Toronto-Dominion Bank
3.08%
Bank of Montreal
1.90%
CA40736A1049
1.75%
The Bank of Nova Scotia
1.64%
Canadian Imperial Bank of Commerce
1.63%
Brookfield Corp.
1.60%
Diversification
ZMI
Total weight of top 10 holdings out of 1,203 total
16.26%
HDIV
Total weight of top 10 holdings out of 94 total
46.40%
Characteristics
Compare
ZMI
HDIV
| Provider | BMO | Hamilton ETFs |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity, Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.72% | 9.32% |
| Meets ESG criteria | No | No |
| Inception Date | February 3, 2011 | July 19, 2021 |
Frequently asked questions about ZMI and HDIV
Which ETF has performed better year to date: ZMI or HDIV?
As of July 30, 2026, ZMI has returned 10.01% year to date, while HDIV has returned 18.51%. HDIV is ahead on YTD performance.
Which ETF is larger by assets under management: ZMI or HDIV?
As of July 30, 2026, ZMI manages $248.30 M in assets, while HDIV manages $1.79 B. HDIV is the larger fund by AUM.
How are ZMI and HDIV managed?
ZMI is actively managed by BMO. It does not track an index. HDIV is actively managed by Hamilton ETFs. It does not track an index.
What sectors do ZMI and HDIV emphasize?
ZMI is most exposed to Finance, Technology, and Banks. HDIV is most exposed to Finance, Energy, and Technology.
Which ETF is attracting more investor flows: ZMI or HDIV?
Year to date, ZMI has seen +$34.79 M in net flows, compared with +$471.01 M for HDIV. HDIV has attracted more net investor money so far.
How do the fees of ZMI and HDIV compare?
ZMI has an expense ratio of 0.20%, while HDIV has an expense ratio of 2.55%.
What are the top holdings of ZMI and HDIV?
ZMI's largest holdings include Cisco Systems, Inc. and Royal Bank of Canada. HDIV's top holdings include Royal Bank of Canada and The Toronto-Dominion Bank.
Which ETF is more diversified: ZMI or HDIV?
ZMI holds 920 securities, while HDIV holds 90. On holdings count, ZMI is the more diversified portfolio.
Recent articles about ZMI and HDIV
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