VS
When evaluating costs, ZWS features a management fee (MER) of 0.65%, compared to 0.65% for HMAX. Performance-wise, ZWS has returned 12.1% year-to-date with -$8 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
ZWS
HMAX
| AuM | $128.18 M | $2,657.73 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.71% | 0.76% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZWS | +3.51% | +3.67% | +12.10% | +13.45% | +46.51% |
HMAX | +3.18% | +2.61% | +20.85% | +29.64% | +110.68% | |
| Flows | ZWS | +$7 M | +$7 M | -$8 M | -$15 M | -$73 M |
HMAX | +$42 M | +$129 M | +$480 M | +$605 M | +$1,623 M |
ZWS vs HMAX exposure
Countries
ZWS
Exposure data will be available soon
HMAX
Exposure data will be available soon
Sectors
ZWS
Exposure data will be available soon
HMAX
Exposure data will be available soon
As of October 29, 2026
Top 10 Holdings
ZWS
Exposure data will be available soon
HMAX
Exposure data will be available soon
Diversification
ZWS
Exposure data will be available soon
HMAX
Exposure data will be available soon
Characteristics
Compare
ZWS
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 | 6.59% | 11.16% |
| Meets ESG criteria | No | No |
| Inception Date | March 7, 2018 | January 20, 2023 |
Frequently asked questions about ZWS and HMAX
Which ETF has performed better year to date: ZWS or HMAX?
As of October 29, 2026, ZWS has returned 12.10% year to date, while HMAX has returned 20.85%. HMAX is ahead on YTD performance.
Which ETF is larger by assets under management: ZWS or HMAX?
As of October 29, 2026, ZWS manages $128.18 M in assets, while HMAX manages $2.66 B. HMAX is the larger fund by AUM.
How are ZWS and HMAX managed?
ZWS 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: ZWS or HMAX?
Year to date, ZWS has seen -$8.44 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 ZWS and HMAX compare?
ZWS has an expense ratio of 0.71%, while HMAX has an expense ratio of 0.76%.
Recent articles about ZWS and HMAX
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Posted on 6/13/2024 by Kyle Anthony inStock Market
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