VS
When evaluating costs, ZPW features a management fee (MER) of 0.65%, compared to 0.65% for UMAX. Performance-wise, ZPW has returned 12.86% year-to-date with +$19 M in net flows, whereas UMAX is at 2.95% with +$499 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
UMAX
| AuM | $111.21 M | $1,424.08 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.71% | 0.77% |
| 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% |
UMAX | +0.06% | -7.08% | +2.95% | +2.65% | +29.88% | |
| Flows | ZPW | -$2 M | +$2 M | +$19 M | +$24 M | +$41 M |
UMAX | +$0 M | +$146 M | +$499 M | +$634 M | +$1,472 M |
ZPW vs UMAX exposure
Countries
ZPW
Exposure data will be available soon
UMAX
Exposure data will be available soon
Sectors
ZPW
Exposure data will be available soon
UMAX
Exposure data will be available soon
As of October 19, 2026
Top 10 Holdings
ZPW
Exposure data will be available soon
UMAX
Exposure data will be available soon
Diversification
ZPW
Exposure data will be available soon
UMAX
Exposure data will be available soon
Characteristics
Compare
ZPW
UMAX
| 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% | 14.93% |
| Meets ESG criteria | No | No |
| Inception Date | September 2, 2015 | June 14, 2023 |
Frequently asked questions about ZPW and UMAX
Which ETF has performed better year to date: ZPW or UMAX?
As of October 19, 2026, ZPW has returned 12.86% year to date, while UMAX has returned 2.95%. ZPW is ahead on YTD performance.
Which ETF is larger by assets under management: ZPW or UMAX?
As of October 19, 2026, ZPW manages $111.21 M in assets, while UMAX manages $1.42 B. UMAX is the larger fund by AUM.
How are ZPW and UMAX managed?
ZPW is actively managed by BMO. It does not track an index. UMAX is actively managed by Hamilton ETFs. It does not track an index.
Which ETF is attracting more investor flows: ZPW or UMAX?
Year to date, ZPW has seen +$18.75 M in net flows, compared with +$498.70 M for UMAX. UMAX has attracted more net investor money so far.
How do the fees of ZPW and UMAX compare?
ZPW has an expense ratio of 0.71%, while UMAX has an expense ratio of 0.77%.
Recent articles about ZPW and UMAX
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