VS
When evaluating costs, ZWC features a management fee (MER) of 0.65%, compared to 0.65% for HMAX. Performance-wise, ZWC has returned 16.28% year-to-date with +$345 M in net flows, whereas HMAX is at 17.14% 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
ZWC
HMAX
| AuM | $2,511.92 M | $2,562.26 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.72% | 0.76% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZWC | +1.17% | +1.08% | +16.28% | +23.00% | +71.21% |
HMAX | +0.19% | -3.51% | +17.14% | +27.71% | +93.85% | |
| Flows | ZWC | +$22 M | +$75 M | +$345 M | +$381 M | +$296 M |
HMAX | +$52 M | +$140 M | +$466 M | +$616 M | +$1,622 M |
ZWC vs HMAX exposure
Countries
ZWC
Exposure data will be available soon
HMAX
Exposure data will be available soon
Sectors
ZWC
Exposure data will be available soon
HMAX
Exposure data will be available soon
As of October 16, 2026
Top 10 Holdings
ZWC
Exposure data will be available soon
HMAX
Exposure data will be available soon
Diversification
ZWC
Exposure data will be available soon
HMAX
Exposure data will be available soon
Characteristics
Compare
ZWC
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 | 5.86% | 11.51% |
| Meets ESG criteria | No | No |
| Inception Date | February 9, 2017 | January 20, 2023 |
Frequently asked questions about ZWC and HMAX
Which ETF has performed better year to date: ZWC or HMAX?
As of October 16, 2026, ZWC has returned 16.28% year to date, while HMAX has returned 17.14%. HMAX is ahead on YTD performance.
Which ETF is larger by assets under management: ZWC or HMAX?
As of October 16, 2026, ZWC manages $2.51 B in assets, while HMAX manages $2.56 B. HMAX is the larger fund by AUM.
How are ZWC and HMAX managed?
ZWC 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: ZWC or HMAX?
Year to date, ZWC has seen +$345.45 M in net flows, compared with +$465.99 M for HMAX. HMAX has attracted more net investor money so far.
How do the fees of ZWC and HMAX compare?
ZWC has an expense ratio of 0.72%, while HMAX has an expense ratio of 0.76%.
Recent articles about ZWC and HMAX
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Posted on 6/13/2024 by Kyle Anthony inStock Market
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