VS
When evaluating costs, ZUB features a management fee (MER) of 0.35%, compared to 0.65% for HMAX. Performance-wise, ZUB has returned 6.9% year-to-date with -$80 M in net flows, whereas HMAX is at 20.85% with +$480 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
ZUB
HMAX
| AuM | $314.21 M | $2,657.73 M |
| Management Fees | 0.35% | 0.65% |
| Exp. ratio | 0.38% | 0.76% |
| Tracking Difference | -0.06% | - |
Historical performance and flows
As of October 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZUB | +4.28% | -3.85% | +6.90% | +20.33% | +124.77% |
HMAX | +3.18% | +2.61% | +20.85% | +29.64% | +110.68% | |
| Flows | ZUB | -$30 M | -$6 M | -$80 M | -$100 M | -$393 M |
HMAX | +$42 M | +$129 M | +$480 M | +$605 M | +$1,623 M |
ZUB vs HMAX exposure
Countries
ZUB
USA
100.00%
HMAX
Exposure data will be available soon
Sectors
ZUB
Finance
100.00%
HMAX
Exposure data will be available soon
As of October 29, 2026
Top 10 Holdings
ZUB
East West Bancorp, Inc.
4.55%
Citigroup, Inc.
4.51%
Cullen/Frost Bankers, Inc.
4.50%
JPMorgan Chase & Co.
4.45%
First Citizens BancShares, Inc. (North Carolina)
4.43%
Wintrust Financial Corp.
4.42%
Fifth Third Bancorp
4.41%
SouthState Bank Corp.
4.40%
Pinnacle Financial Partners, Inc.
4.40%
First Horizon Corp. (Tennessee)
4.40%
HMAX
Exposure data will be available soon
Diversification
ZUB
Total weight of top 10 holdings out of 23 total
44.47%
HMAX
Exposure data will be available soon
Characteristics
Compare
ZUB
HMAX
| Provider | BMO | Hamilton ETFs |
| Management | Passively managed | Actively managed |
| Benchmark | Solactive Equal Weight US Bank Canadian Dollar Hedged Net Total Return Index - CAD | - |
| Replication Method | Other | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.83% | 11.16% |
| Meets ESG criteria | No | No |
| Inception Date | May 19, 2010 | January 20, 2023 |
Frequently asked questions about ZUB and HMAX
Which ETF has performed better year to date: ZUB or HMAX?
As of October 29, 2026, ZUB has returned 6.90% year to date, while HMAX has returned 20.85%. HMAX is ahead on YTD performance.
Which ETF is larger by assets under management: ZUB or HMAX?
As of October 29, 2026, ZUB manages $314.21 M in assets, while HMAX manages $2.66 B. HMAX is the larger fund by AUM.
How are ZUB and HMAX managed?
ZUB is passively managed by BMO. It tracks the Solactive Equal Weight US Bank Canadian Dollar Hedged Net Total Return Index - CAD benchmark. HMAX is actively managed by Hamilton ETFs. It does not track an index.
Which ETF is attracting more investor flows: ZUB or HMAX?
Year to date, ZUB has seen -$79.88 M in net flows, compared with +$480.12 M for HMAX. HMAX has attracted more net investor money so far.
How do the fees of ZUB and HMAX compare?
ZUB has an expense ratio of 0.38%, while HMAX has an expense ratio of 0.76%.
Recent articles about ZUB and HMAX
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Posted on 6/13/2024 by Kyle Anthony inStock Market
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