A side-by-side comparison of Hamilton Gold Producer YIELD MAXIMIZER ETF (AMAX) and BMO Equal Weight Global Gold Index ETF (ZGD) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | AMAX | ZGD |
|---|---|---|
| YTD Return | -2.07% | +11.21%✓ |
| 1-Day Change | +0.55% | +1.08%✓ |
| 1-Week Change | -1.58% | +0.09%✓ |
| 1-Month Change | +3.00%✓ | +3.85% |
| Current Price | $34.99 | $300.65 |
| AUM | $517M✓ | $357M |
| MER (Expense Ratio) | — | 0% |
| Dividend Yield | 8.64%✓ | 0.21% |
| Distribution Frequency | Monthly | Annually |
| Inception Date | 2024-02-06 | 2012-11-14 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | — | ★★★★ |
| Category | Precious Metals Equity | Precious Metals Equity |
| Beta | 0.00 | 1.11 |
| 52-Week High | $44.60 | $385.00 |
| 52-Week Low | $22.13 | $150.33 |
| 50-Day MA | $36.29 | $305.43 |
| 200-Day MA | $35.70 | $279.89 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | AMAX | ZGD |
|---|---|---|
| YTD | -2.07% | +11.21%✓ |
| 1 Year | +19.22% | +105.25%✓ |
| 3 Year | — | +60.11% |
| 5 Year | — | +31.65% |
| 10 Year | — | +19.65% |
| 1Y Volatility | 40.95% | 46.97% |
| Sharpe Ratio (3Y) | — | 1.36 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | EDV | Endeavour Mining Corp | 7.51% |
| 2 | NEM | Newmont Goldcorp Corp | 7.31% |
| 3 | FNV | Franco-Nevada Corporation | 7.30% |
| 4 | AGI | Alamos Gold Inc | 7.23% |
| 5 | AU | AngloGold Ashanti plc | 7.11% |
| 6 | WPM | Wheaton Precious Metals Corp | 7.02% |
| 7 | AEM | Agnico Eagle Mines Limited | 6.96% |
| 8 | RGLD | Royal Gold Inc | 6.85% |
| 9 | PAAS | Pan American Silver Corp | 6.81% |
| 10 | K | Kinross Gold Corp | 6.78% |
| 1 | CDE | Coeur Mining Inc | 3.59% |
| 2 | RUP | Rupert Resources Ltd. | 3.21% |
| 3 | CNL | Collective Mining Ltd | 2.44% |
| 4 | WDO | Wesdome Gold Mines Ltd. | 2.42% |
| 5 | AUGO | Aura Minerals Inc. Common Shares | 2.36% |
| 6 | AAUC | Allied Gold Corporation | 2.26% |
| 7 | SXGC | Southern Cross Gold Consolidated Ltd. | 2.21% |
| 8 | CG | Centerra Gold Inc | 2.19% |
| 9 | SSRM | SSR Mining Inc | 2.17% |
| 10 | NEM | Newmont Goldcorp Corp | 2.17% |
Sector Weights
| Sector | AMAX | ZGD |
|---|---|---|
| Basic Materials | 100.00% | 100.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About AMAX
Hamilton Gold Producer YIELD MAXIMIZER ETF (AMAX.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About ZGD
BMO Equal Weight Global Gold Index ETF (ZGD.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
Which ETF is Right for You?
Both AMAX and ZGD are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, AMAX scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between AMAX and ZGD?
AMAX (Hamilton Gold Producer YIELD MAXIMIZER ETF) and ZGD (BMO Equal Weight Global Gold Index ETF) are both Canadian-listed ETFs. Key differences include their AUM ($517M vs $357M), dividend yield (8.64% vs 0.21%), and year-to-date performance (-2.07% vs +11.21%).
Is AMAX better than ZGD?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy AMAX and ZGD on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both AMAX and ZGD should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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