VS
When evaluating costs, ZWP features a management fee (MER) of 0.65%, compared to 0.65% for HMAX. Performance-wise, ZWP has returned 3.93% year-to-date with +$46 M in net flows, whereas HMAX is at 19.99% with +$478 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
ZWP
HMAX
| AuM | $1,079.54 M | $2,636.55 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.72% | 0.76% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZWP | -2.64% | -3.04% | +3.93% | +6.04% | +48.23% |
HMAX | +1.99% | -0.58% | +19.99% | +27.50% | +109.18% | |
| Flows | ZWP | +$4 M | +$36 M | +$46 M | +$73 M | +$181 M |
HMAX | +$44 M | +$129 M | +$478 M | +$608 M | +$1,621 M |
ZWP vs HMAX exposure
Countries
ZWP
Exposure data will be available soon
HMAX
Exposure data will be available soon
Sectors
ZWP
Exposure data will be available soon
HMAX
Exposure data will be available soon
As of October 28, 2026
Top 10 Holdings
ZWP
Exposure data will be available soon
HMAX
Exposure data will be available soon
Diversification
ZWP
Exposure data will be available soon
HMAX
Exposure data will be available soon
Characteristics
Compare
ZWP
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 | 6.42% | 11.24% |
| Meets ESG criteria | No | No |
| Inception Date | March 7, 2018 | January 20, 2023 |
Frequently asked questions about ZWP and HMAX
Which ETF has performed better year to date: ZWP or HMAX?
As of October 28, 2026, ZWP has returned 3.93% year to date, while HMAX has returned 19.99%. HMAX is ahead on YTD performance.
Which ETF is larger by assets under management: ZWP or HMAX?
As of October 28, 2026, ZWP manages $1.08 B in assets, while HMAX manages $2.64 B. HMAX is the larger fund by AUM.
How are ZWP and HMAX managed?
ZWP 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: ZWP or HMAX?
Year to date, ZWP has seen +$45.56 M in net flows, compared with +$477.88 M for HMAX. HMAX has attracted more net investor money so far.
How do the fees of ZWP and HMAX compare?
ZWP has an expense ratio of 0.72%, while HMAX has an expense ratio of 0.76%.
Recent articles about ZWP and HMAX
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Posted on 6/13/2024 by Kyle Anthony inStock Market
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