VS
When evaluating costs, ZPW features a management fee (MER) of 0.65%, compared to 0.65% for HMAX. Performance-wise, ZPW has returned 12.86% year-to-date with +$19 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
ZPW
HMAX
| AuM | $111.21 M | $2,545.63 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.71% | 0.76% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZPW | +1.73% | +6.92% | +12.86% | +12.78% | +43.49% |
HMAX | -2.73% | -2.13% | +16.40% | +26.01% | +97.74% | |
| Flows | ZPW | -$2 M | +$2 M | +$19 M | +$24 M | +$41 M |
HMAX | +$49 M | +$135 M | +$466 M | +$610 M | +$1,620 M |
ZPW vs HMAX exposure
Countries
ZPW
Exposure data will be available soon
HMAX
Exposure data will be available soon
Sectors
ZPW
Exposure data will be available soon
HMAX
Exposure data will be available soon
As of October 19, 2026
Top 10 Holdings
ZPW
Exposure data will be available soon
HMAX
Exposure data will be available soon
Diversification
ZPW
Exposure data will be available soon
HMAX
Exposure data will be available soon
Characteristics
Compare
ZPW
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 | 9.10% | 11.59% |
| Meets ESG criteria | No | No |
| Inception Date | September 2, 2015 | January 20, 2023 |
Frequently asked questions about ZPW and HMAX
Which ETF has performed better year to date: ZPW or HMAX?
As of October 19, 2026, ZPW has returned 12.86% year to date, while HMAX has returned 16.40%. HMAX is ahead on YTD performance.
Which ETF is larger by assets under management: ZPW or HMAX?
As of October 19, 2026, ZPW manages $111.21 M in assets, while HMAX manages $2.55 B. HMAX is the larger fund by AUM.
How are ZPW and HMAX managed?
ZPW 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: ZPW or HMAX?
Year to date, ZPW has seen +$18.75 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 ZPW and HMAX compare?
ZPW has an expense ratio of 0.71%, while HMAX has an expense ratio of 0.76%.
Recent articles about ZPW and HMAX
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ETFs that employ covered call-writing strategies can be effective ways to generate monthly yield for investors while still providing exposure to a security or asset class on a long-term basis.
Posted on 6/13/2024 by Kyle Anthony inStock Market
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