A side-by-side comparison of Global X Equal Weight Global Healthcare Index ETF (MEDX) and Hamilton Healthcare YIELD MAXIMIZER ETF (LMAX) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | MEDX | LMAX |
|---|---|---|
| YTD Return | +1.49%✓ | -4.41% |
| 1-Day Change | -4.45% | +0.07%✓ |
| 1-Week Change | -5.51% | -3.94%✓ |
| 1-Month Change | -2.25%✓ | -3.94% |
| Current Price | $22.54 | $13.64 |
| AUM | $2M | $226M✓ |
| MER (Expense Ratio) | — | — |
| Dividend Yield | 1.43% | 12.15%✓ |
| Distribution Frequency | — | Monthly |
| Inception Date | 2025-04-21 | 2024-02-06 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | — | — |
| Category | Healthcare Equity | Healthcare Equity |
| Beta | 0.00 | 0.00 |
| 52-Week High | $23.90 | $14.38 |
| 52-Week Low | $19.44 | $11.74 |
| 50-Day MA | $23.00 | $14.05 |
| 200-Day MA | $22.07 | $13.85 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | MEDX | LMAX |
|---|---|---|
| YTD | +1.49%✓ | -4.41% |
| 1 Year | +15.34%✓ | +10.33% |
| 3 Year | — | — |
| 5 Year | — | — |
| 10 Year | — | — |
| 1Y Volatility | 14.46% | 13.11% |
| Sharpe Ratio (3Y) | — | — |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | TMO | Thermo Fisher Scientific Inc | 5.87% |
| 2 | AMGN | Amgen Inc | 5.57% |
| 3 | MRK | Merck & Company Inc | 5.51% |
| 4 | VRTX | Vertex Pharmaceuticals Inc | 5.50% |
| 5 | ABT | Abbott Laboratories | 5.46% |
| 6 | BMY | Bristol-Myers Squibb Company | 5.25% |
| 7 | DHR | Danaher Corporation | 5.22% |
| 8 | JNJ | Johnson & Johnson | 5.16% |
| 9 | GILD | Gilead Sciences Inc | 5.10% |
| 10 | ABBV | AbbVie Inc | 5.08% |
| 1 | AMGN | Amgen Inc | 5.74% |
| 2 | ABBV | AbbVie Inc | 5.65% |
| 3 | TMO | Thermo Fisher Scientific Inc | 5.65% |
| 4 | VRTX | Vertex Pharmaceuticals Inc | 5.61% |
| 5 | MRK | Merck & Company Inc | 5.58% |
| 6 | BMY | Bristol-Myers Squibb Company | 5.46% |
| 7 | LLY | Eli Lilly and Company | 5.30% |
| 8 | JNJ | Johnson & Johnson | 5.29% |
| 9 | DHR | Danaher Corporation | 5.25% |
| 10 | ABT | Abbott Laboratories | 5.18% |
Sector Weights
| Sector | MEDX | LMAX |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| 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 | 100.00% | 100.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About MEDX
Global X Equal Weight Global Healthcare Index ETF (MEDX.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About LMAX
Hamilton Healthcare YIELD MAXIMIZER ETF (LMAX.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 MEDX and LMAX 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, LMAX 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 MEDX and LMAX?
MEDX (Global X Equal Weight Global Healthcare Index ETF) and LMAX (Hamilton Healthcare YIELD MAXIMIZER ETF) are both Canadian-listed ETFs. Key differences include their AUM ($2M vs $226M), dividend yield (1.43% vs 12.15%), and year-to-date performance (+1.49% vs -4.41%).
Is MEDX better than LMAX?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, MEDX has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy MEDX and LMAX on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both MEDX and LMAX should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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