VS
When evaluating costs, ZWH features a management fee (MER) of 0.65%, compared to 0.65% for HMAX. Performance-wise, ZWH has returned 14.08% year-to-date with -$1 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
ZWH
HMAX
| AuM | $1,155.62 M | $2,562.26 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.71% | 0.76% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZWH | +1.40% | +1.74% | +14.08% | +14.69% | +49.95% |
HMAX | +0.19% | -3.51% | +17.14% | +27.71% | +93.85% | |
| Flows | ZWH | -$1 M | +$21 M | -$1 M | -$2 M | -$95 M |
HMAX | +$52 M | +$140 M | +$466 M | +$616 M | +$1,622 M |
ZWH vs HMAX exposure
Countries
ZWH
Exposure data will be available soon
HMAX
Exposure data will be available soon
Sectors
ZWH
Exposure data will be available soon
HMAX
Exposure data will be available soon
As of October 16, 2026
Top 10 Holdings
ZWH
Exposure data will be available soon
HMAX
Exposure data will be available soon
Diversification
ZWH
Exposure data will be available soon
HMAX
Exposure data will be available soon
Characteristics
Compare
ZWH
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 | 6.01% | 11.51% |
| Meets ESG criteria | No | No |
| Inception Date | February 14, 2014 | January 20, 2023 |
Frequently asked questions about ZWH and HMAX
Which ETF has performed better year to date: ZWH or HMAX?
As of October 16, 2026, ZWH has returned 14.08% year to date, while HMAX has returned 17.14%. HMAX is ahead on YTD performance.
Which ETF is larger by assets under management: ZWH or HMAX?
As of October 16, 2026, ZWH manages $1.16 B in assets, while HMAX manages $2.56 B. HMAX is the larger fund by AUM.
How are ZWH and HMAX managed?
ZWH 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: ZWH or HMAX?
Year to date, ZWH has seen -$0.96 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 ZWH and HMAX compare?
ZWH has an expense ratio of 0.71%, while HMAX has an expense ratio of 0.76%.
Recent articles about ZWH 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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