VS
When evaluating costs, ZWU features a management fee (MER) of 0.65%, compared to 0.65% for UMAX. Performance-wise, ZWU has returned 4.8% year-to-date with +$216 M in net flows, whereas UMAX is at 2.95% with +$499 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
ZWU
UMAX
| AuM | $2,147.54 M | $1,424.08 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.71% | 0.77% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZWU | -0.27% | -6.11% | +4.80% | +1.86% | +43.87% |
UMAX | +0.06% | -7.08% | +2.95% | +2.65% | +29.88% | |
| Flows | ZWU | +$28 M | +$90 M | +$216 M | +$319 M | +$333 M |
UMAX | +$0 M | +$146 M | +$499 M | +$634 M | +$1,472 M |
ZWU vs UMAX exposure
Countries
ZWU
Exposure data will be available soon
UMAX
Exposure data will be available soon
Sectors
ZWU
Exposure data will be available soon
UMAX
Exposure data will be available soon
As of October 19, 2026
Top 10 Holdings
ZWU
Exposure data will be available soon
UMAX
Exposure data will be available soon
Diversification
ZWU
Exposure data will be available soon
UMAX
Exposure data will be available soon
Characteristics
Compare
ZWU
UMAX
| Provider | BMO | Hamilton ETFs |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 7.64% | 14.93% |
| Meets ESG criteria | No | No |
| Inception Date | October 27, 2011 | June 14, 2023 |
Frequently asked questions about ZWU and UMAX
Which ETF has performed better year to date: ZWU or UMAX?
As of October 19, 2026, ZWU has returned 4.80% year to date, while UMAX has returned 2.95%. ZWU is ahead on YTD performance.
Which ETF is larger by assets under management: ZWU or UMAX?
As of October 19, 2026, ZWU manages $2.15 B in assets, while UMAX manages $1.42 B. ZWU is the larger fund by AUM.
How are ZWU and UMAX managed?
ZWU is actively managed by BMO. It does not track an index. UMAX is actively managed by Hamilton ETFs. It does not track an index.
Which ETF is attracting more investor flows: ZWU or UMAX?
Year to date, ZWU has seen +$215.52 M in net flows, compared with +$498.70 M for UMAX. UMAX has attracted more net investor money so far.
How do the fees of ZWU and UMAX compare?
ZWU has an expense ratio of 0.71%, while UMAX has an expense ratio of 0.77%.
Recent articles about ZWU and UMAX
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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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