VS
When evaluating costs, ZWB features a management fee (MER) of 0.65%, compared to 0.65% for HMAX. Performance-wise, ZWB has returned 29.86% year-to-date with -$21 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
ZWB
HMAX
| AuM | $4,665.24 M | $2,657.73 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.72% | 0.76% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZWB | +3.22% | +2.92% | +29.86% | +42.20% | +142.71% |
HMAX | +3.18% | +2.61% | +20.85% | +29.64% | +110.68% | |
| Flows | ZWB | -$55 M | -$75 M | -$21 M | -$18 M | -$348 M |
HMAX | +$42 M | +$129 M | +$480 M | +$605 M | +$1,623 M |
ZWB vs HMAX exposure
Countries
ZWB
Exposure data will be available soon
HMAX
Exposure data will be available soon
Sectors
ZWB
Exposure data will be available soon
HMAX
Exposure data will be available soon
As of October 29, 2026
Top 10 Holdings
ZWB
Exposure data will be available soon
HMAX
Exposure data will be available soon
Diversification
ZWB
Exposure data will be available soon
HMAX
Exposure data will be available soon
Characteristics
Compare
ZWB
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 | 5.88% | 11.16% |
| Meets ESG criteria | No | No |
| Inception Date | January 28, 2011 | January 20, 2023 |
Frequently asked questions about ZWB and HMAX
Which ETF has performed better year to date: ZWB or HMAX?
As of October 29, 2026, ZWB has returned 29.86% year to date, while HMAX has returned 20.85%. ZWB is ahead on YTD performance.
Which ETF is larger by assets under management: ZWB or HMAX?
As of October 29, 2026, ZWB manages $4.67 B in assets, while HMAX manages $2.66 B. ZWB is the larger fund by AUM.
How are ZWB and HMAX managed?
ZWB 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: ZWB or HMAX?
Year to date, ZWB has seen -$21.39 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 ZWB and HMAX compare?
ZWB has an expense ratio of 0.72%, while HMAX has an expense ratio of 0.76%.
Recent articles about ZWB 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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