ZWT
BMO Covered Call Technology ETF

Full ZWT fund page
VS
QMAX
Hamilton Technology Yield Maximizer ETF

Full QMAX fund page

BMO Covered Call Technology ETF (ZWT) and Hamilton Technology Yield Maximizer ETF (QMAX) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZWT focuses its top 3 sector exposures on Information Technology, Communication Services, and Consumer Discretionary, while QMAX leans towards Information Technology, Communication Services, and Consumer Discretionary. When evaluating costs, ZWT features a management fee (MER) of 0.65%, compared to 0.65% for QMAX. Performance-wise, ZWT has returned 14.31% year-to-date with -$8 M in net flows, whereas QMAX is at 18.6% with +$109 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

-2.00.02.04.06.08.0%May 12May 20May 27Jun 3Jun 10

Key Data

Historical performance and flows

As of June 12, 2026
1M3MYTD1Y3Y
Perf.
ZWT
+2.29%+20.95%+14.31%+36.73%+136.20%
QMAX
+4.68%+35.53%+18.60%+39.38%-
Flows
ZWT
-$33 M-$22 M-$8 M+$11 M+$31 M
QMAX
+$12 M+$30 M+$109 M+$178 M-

ZWT vs QMAX exposure

Countries

ZWT
USA
99.58%
QMAX
USA
94.60%

Sectors

ZWT
Information Technology
68.09%
Communication Services
20.87%
Consumer Discretionary
9.50%
QMAX
Information Technology
54.00%
Communication Services
20.50%
Consumer Discretionary
13.70%
Other
11.80%
As of June 12, 2026

Top 10 Holdings

ZWT
AMAZON.COM INC
9.50%
ALPHABET INC-CL
9.32%
BROADCOM LIMITED
9.22%
NVIDIA
9.11%
MICROSOFT-T
9.02%
META PLATFORMS
8.94%
APPLE
8.25%
MICRON TECHNOLOGY
4.07%
ADVANCED MICRO DEVICES
3.30%
INTEL-T
2.84%
QMAX
NETFLIX
7.20%
APPLE
7.10%
INTEL-T
7.00%
ADVANCED MICRO DEVICES
6.90%
NVIDIA
6.90%
AMAZON.COM INC
6.90%
TESLA
6.80%
MICROSOFT-T
6.80%
ALPHABET INC-CL
6.70%
BROADCOM LIMITED
6.70%

Diversification

ZWT
Total weight of top 10 holdings out of 30 total
73.57%
QMAX
Total weight of top 10 holdings out of 14 total
69.00%

Characteristics

Compare
ZWT
QMAX
ProviderBMOHamilton ETFs
ManagementActively managedActively managed
Benchmark--
Replication Method
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield4.45%9.61%
Meets ESG criteriaNoNo
Inception DateJanuary 26, 2021October 25, 2023

Frequently asked questions about ZWT and QMAX

Which ETF has performed better year to date: ZWT or QMAX?
As of June 12, 2026, ZWT has returned 14.31% year to date, while QMAX has returned 18.60%. QMAX is ahead on YTD performance.
Which ETF is larger by assets under management: ZWT or QMAX?
As of June 12, 2026, ZWT manages $208.94 M in assets, while QMAX manages $958.33 M. QMAX is the larger fund by AUM.
How are ZWT and QMAX managed?
ZWT is actively managed by BMO. It does not track an index. QMAX is actively managed by Hamilton ETFs. It does not track an index.
What sectors do ZWT and QMAX emphasize?
ZWT is most exposed to Information Technology, Communication Services, and Consumer Discretionary. QMAX is most exposed to Information Technology, Communication Services, and Consumer Discretionary.
Which ETF is attracting more investor flows: ZWT or QMAX?
Year to date, ZWT has seen -$7.98 M in net flows, compared with +$108.81 M for QMAX. QMAX has attracted more net investor money so far.
How do the fees of ZWT and QMAX compare?
ZWT has an expense ratio of 0.71%, while QMAX has an expense ratio of 0.80%.
What are the top holdings of ZWT and QMAX?
ZWT's largest holdings include AMAZON.COM INC, ALPHABET INC-CL, and BROADCOM LIMITED. QMAX's top holdings include NETFLIX, APPLE, and INTEL-T.
Which ETF is more diversified: ZWT or QMAX?
ZWT holds 29 securities, while QMAX holds 14. On holdings count, ZWT is the more diversified portfolio.

Recent articles about ZWT and QMAX

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