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$1,000 invested 2023-01, distributions reinvestedto 2026-08-04
HDIV $2,134 HMAX $1,812

Both start at 2023-01, the first month they share — comparing from each fund's own inception would give the older one a head start. Before tax and commissions.

Side by side

Measure HDIV HMAX
Price $23.66 $18.14
Distribution per month $0.1930 $0.1680
Distribution per year $2.20 $1.99
Yield 9.30% 10.96%
Total return (DRIP) 139.1% 81.8%
Price return 43.4% 12.7%
Management fee 0.77%* 0.65%
Return of capital 75% 83%
Eligible dividends 0% 17%
Fund assets $1.81B $2.59B
Risk rating Medium Medium
Payments made 60 42
Times reduced 0 15

Bold marks the more favourable figure where one direction is unambiguously better — a higher yield, a lower fee, fewer reductions. Most rows have no better side: a higher return of capital is neither good nor bad on its own, it changes when you pay tax rather than how much you earn.

Overlapping holdings

HDIV holds HMAX directly, at 20.3% of its portfolio. Owning both is not diversification — it concentrates you further into HMAX, and you pay HDIV's fee on top of HMAX's own.

See this across everything you hold.

Overlap only tells the whole story once every holding is in one place — with combined income projections on your real units.

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Prices as at 2026-08-04, as published by Hamilton ETFs. Tax figures are the last published year. Reinvestment assumes fractional units and no commission. Not a recommendation and not tax advice — see the disclaimer.