A side-by-side comparison of Hamilton Gold Producer YIELD MAXIMIZER ETF (AMAX) and Global X Gold Producers Index ETF (GLDX) 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 | GLDX |
|---|---|---|
| YTD Return | -7.56% | -3.05%✓ |
| 1-Day Change | -1.11%✓ | -2.29% |
| 1-Week Change | -3.51%✓ | -4.75% |
| 1-Month Change | -3.51%✓ | -3.21% |
| Current Price | $33.03 | $48.32 |
| AUM | $487M✓ | $221M |
| MER (Expense Ratio) | — | — |
| Dividend Yield | 8.62%✓ | 0.93% |
| Distribution Frequency | Monthly | Annually |
| Inception Date | 2024-02-06 | 2024-11-06 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | — | — |
| Category | Precious Metals Equity | Precious Metals Equity |
| Beta | 0.00 | 0.00 |
| 52-Week High | $44.60 | $67.92 |
| 52-Week Low | $22.13 | $27.43 |
| 50-Day MA | $35.42 | $52.16 |
| 200-Day MA | $36.04 | $51.16 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | AMAX | GLDX |
|---|---|---|
| YTD | -7.56% | -3.05%✓ |
| 1 Year | +19.22% | +63.31%✓ |
| 3 Year | — | — |
| 5 Year | — | — |
| 10 Year | — | — |
| 1Y Volatility | 40.95% | 47.44% |
| Sharpe Ratio (3Y) | — | — |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | EDV | Endeavour Mining Corp | 7.56% |
| 2 | PAAS | Pan American Silver Corp | 7.25% |
| 3 | WPM | Wheaton Precious Metals Corp | 7.18% |
| 4 | AU | AngloGold Ashanti plc | 7.17% |
| 5 | FNV | Franco-Nevada Corporation | 7.14% |
| 6 | NEM | Newmont Goldcorp Corp | 7.05% |
| 7 | AGI | Alamos Gold Inc | 6.96% |
| 8 | ABX | Barrick Gold Corp | 6.95% |
| 9 | HMY | Harmony Gold Mining Company Limited | 6.88% |
| 10 | AEM | Agnico Eagle Mines Limited | 6.61% |
| 1 | NEM | Newmont Goldcorp Corp | 10.78% |
| 2 | ABX | Barrick Gold Corp | 10.72% |
| 3 | AU | AngloGold Ashanti plc | 10.32% |
| 4 | AEM | Agnico Eagle Mines Limited | 9.36% |
| 5 | K | Kinross Gold Corp | 9.32% |
| 6 | GFI | Gold Fields Ltd ADR | 8.77% |
| 7 | PAAS | Pan American Silver Corp | 6.17% |
| 8 | CDE | Coeur Mining Inc | 5.11% |
| 9 | AGI | Alamos Gold Inc | 4.40% |
| 10 | LUG | Lundin Gold Inc | 4.12% |
Sector Weights
| Sector | AMAX | GLDX |
|---|---|---|
| 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 GLDX
Global X Gold Producers Index ETF (GLDX.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 GLDX 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 GLDX?
AMAX (Hamilton Gold Producer YIELD MAXIMIZER ETF) and GLDX (Global X Gold Producers Index ETF) are both Canadian-listed ETFs. Key differences include their AUM ($487M vs $221M), dividend yield (8.62% vs 0.93%), and year-to-date performance (-7.56% vs -3.05%).
Is AMAX better than GLDX?
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 GLDX on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both AMAX and GLDX should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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