QMAX vs SMAX

Hamilton Technology YIELD MAXIMIZER™ ETF against Hamilton U.S. Equity YIELD MAXIMIZER™ ETF — on the numbers that decide which one you keep.

Hamilton ETFs QMAX page Hamilton ETFs SMAX page

$1,000 invested 2023-10, distributions reinvestedto 2026-08-04

QMAX $2,190 SMAX $1,925

Both start at 2023-10, 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 QMAX SMAX

Price $25.80 $22.94

Distribution per month $0.2260 $0.1980

Distribution per year $2.52 $2.25

Yield 9.76% 9.82%

Total return (DRIP) 123.0% 93.7%

Price return 63.7% 44.8%

Management fee 0.65% 0.65%

Return of capital 84% 83%

Eligible dividends 0% 0%

Fund assets $1.01B $1.12B

Risk rating Medium Low to Medium

Payments made 33 33

Times reduced 9 7

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

These funds share 12 holdings, about 49% of each by weight. That portion is double-counted exposure: holding both concentrates you into the same names rather than spreading risk across more of them, and a shock to any one of those companies hits both positions at once.

Holding QMAX SMAX

AMD Advanced Micro Devices Inc 8.2% 5.5%

MU Micron Technology Inc 7.3% 5.2%

AMZN Amazon.com Inc 7.0% 4.6%

AAPL Apple Inc 7.1% 4.5%

MSFT Microsoft Corp 7.6% 4.4%

GOOGL Alphabet Inc 6.6% 4.3%

NVDA NVIDIA Corp 6.4% 4.1%

AVGO Broadcom Inc 6.5% 4.0%

META Meta Platforms Inc 6.2% 3.3%

NFLX Netflix Inc 5.9% 3.1%

PLTR Palantir Technologies Inc 6.4% 3.0%

TSLA Tesla Inc 4.8% 3.0%

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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Compare QMAX with

QMAX vs AMAX QMAX vs EMAX QMAX vs HDIV QMAX vs HMAX QMAX vs HYLD QMAX vs LMAX QMAX vs RMAX QMAX vs UMAX

Compare SMAX with

SMAX vs AMAX SMAX vs EMAX SMAX vs HDIV SMAX vs HMAX SMAX vs HYLD SMAX vs LMAX SMAX vs RMAX SMAX vs UMAX

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.