VS
When evaluating costs, ZWB features a management fee (MER) of 0.65%, compared to 0.65% for UMAX. Performance-wise, ZWB has returned 28.87% year-to-date with -$20 M in net flows, whereas UMAX is at 4.74% with +$486 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
UMAX
| AuM | $4,656.29 M | $1,436.70 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.72% | 0.77% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZWB | +1.83% | -1.05% | +28.87% | +39.65% | +140.84% |
UMAX | +3.30% | -6.29% | +4.74% | +5.07% | +31.65% | |
| Flows | ZWB | -$52 M | -$73 M | -$20 M | -$16 M | -$347 M |
UMAX | -$15 M | +$122 M | +$486 M | +$601 M | +$1,456 M |
ZWB vs UMAX exposure
Countries
ZWB
Exposure data will be available soon
UMAX
Exposure data will be available soon
Sectors
ZWB
Exposure data will be available soon
UMAX
Exposure data will be available soon
As of October 28, 2026
Top 10 Holdings
ZWB
Exposure data will be available soon
UMAX
Exposure data will be available soon
Diversification
ZWB
Exposure data will be available soon
UMAX
Exposure data will be available soon
Characteristics
Compare
ZWB
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 | 5.34% | 14.68% |
| Meets ESG criteria | No | No |
| Inception Date | January 28, 2011 | June 14, 2023 |
Frequently asked questions about ZWB and UMAX
Which ETF has performed better year to date: ZWB or UMAX?
As of October 28, 2026, ZWB has returned 28.87% year to date, while UMAX has returned 4.74%. ZWB is ahead on YTD performance.
Which ETF is larger by assets under management: ZWB or UMAX?
As of October 28, 2026, ZWB manages $4.66 B in assets, while UMAX manages $1.44 B. ZWB is the larger fund by AUM.
How are ZWB and UMAX managed?
ZWB 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: ZWB or UMAX?
Year to date, ZWB has seen -$19.84 M in net flows, compared with +$486.44 M for UMAX. UMAX has attracted more net investor money so far.
How do the fees of ZWB and UMAX compare?
ZWB has an expense ratio of 0.72%, while UMAX has an expense ratio of 0.77%.
Recent articles about ZWB and UMAX
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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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