Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO) Alternatives

Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CDAY.NEO. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to CDAY.NEO

CDAY.NEO charges 0.85% annually. Among ETFs in the Derivative Income category, these options have the lowest expense ratios among CDAY.NEO alternatives.

Symbol	Name	Expense Ratio	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	Jul 5, 2023	CDAY.NEO vs USCL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	Nov 6, 2025	CDAY.NEO vs EQLI.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	Aug 22, 2025	CDAY.NEO vs ECHI.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	0.35%	Sep 12, 2024	CDAY.NEO vs HBIL.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	Sep 27, 2024	CDAY.NEO vs JEPI.TO

Best Risk-Adjusted Alternatives to CDAY.NEO

Among ETFs in the Derivative Income category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	97	Jun 8, 2022	CDAY.NEO vs HLIF.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	97	May 16, 2011	CDAY.NEO vs BKCC.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	96	Jul 5, 2023	CDAY.NEO vs BKCL.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	96	Feb 3, 2017	CDAY.NEO vs ZWC.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	96	Feb 1, 2022	CDAY.NEO vs BANK.TO

Top Performing CDAY.NEO Alternatives (YTD)

CDAY.NEO alternatives from the Derivative Income category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	31.32%	Feb 6, 2024	CDAY.NEO vs EMAX.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	30.98%	Oct 10, 2023	CDAY.NEO vs ENCL.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	21.92%	Apr 11, 2011	CDAY.NEO vs ENCC.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	12.55%	Oct 25, 2022	CDAY.NEO vs HUTE.TO
ZWU.TO	BMO Covered Call Utilities ETF	11.68%	Oct 20, 2011	CDAY.NEO vs ZWU.TO

Lowest Volatility Alternatives to CDAY.NEO

CDAY.NEO alternatives from the Derivative Income category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.86%	Sep 12, 2024	CDAY.NEO vs HBIL.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	7.81%	Jun 14, 2023	CDAY.NEO vs UMAX.TO
ZWU.TO	BMO Covered Call Utilities ETF	9.12%	Oct 20, 2011	CDAY.NEO vs ZWU.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	9.54%	Jun 8, 2022	CDAY.NEO vs HLIF.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	9.62%	May 30, 2024	CDAY.NEO vs HPYT.TO

Lowest Drawdown Alternatives to CDAY.NEO

CDAY.NEO alternatives from the Derivative Income category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	-1.30%	Sep 12, 2024	CDAY.NEO vs HBIL.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	-6.23%	Jun 14, 2023	CDAY.NEO vs UMAX.TO
ZWU.TO	BMO Covered Call Utilities ETF	-6.71%	Oct 20, 2011	CDAY.NEO vs ZWU.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	-7.71%	May 16, 2011	CDAY.NEO vs BKCC.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	-7.76%	May 30, 2024	CDAY.NEO vs HPYT.TO

Other ETFs from Hamilton Capital

Most popular Hamilton Capital ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
HDIV.TO	Hamilton Enhanced Multi-Sector Covered Call ETF	Derivative Income	92	3.20%	Jul 19, 2021	CDAY.NEO vs HDIV.TO
HMAX.TO	Hamilton Canadian Financials YIELD MAXIMIZER ETF	Derivative Income	93	-3.41%	Jan 20, 2023	CDAY.NEO vs HMAX.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	57	-8.12%	Feb 4, 2022	CDAY.NEO vs HYLD.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Leveraged Equities	98	1.59%	Oct 14, 2020	CDAY.NEO vs HCAL.TO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	27	-15.25%	Oct 25, 2023	CDAY.NEO vs QMAX.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	—	-13.08%	Jul 14, 2025	CDAY.NEO vs QDAY.NEO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income	84	4.61%	Feb 6, 2024	CDAY.NEO vs AMAX.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	—	3.41%	Jul 14, 2025	CDAY.NEO vs SDAY.NEO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	95	7.10%	Jan 24, 2025	CDAY.NEO vs CMVP.TO
SMAX.TO	Hamilton U.S. Equity YIELD MAXIMIZER ETF	Derivative Income	71	-2.43%	Oct 25, 2023	CDAY.NEO vs SMAX.TO

Often Compared With CDAY.NEO

What investors most often compare with CDAY.NEO, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
CANY.TO	Evolve Canadian Equity UltraYield ETF	Derivative Income, Canada Equities	—	1.73%	Sep 17, 2025	CDAY.NEO vs CANY.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	98	1.92%	Oct 19, 2009	CDAY.NEO vs ZEB.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	97	9.07%	Nov 2, 2012	CDAY.NEO vs VDY.TO
VOO	Vanguard S&P 500 ETF	S&P 500	65	-4.42%	Sep 7, 2010	CDAY.NEO vs VOO
LBS.TO	Life & Banc Split Corp.		96	-3.37%	—	CDAY.NEO vs LBS.TO
CWIN.TO	HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ...	Dividend	92	7.09%	Jan 27, 2025	CDAY.NEO vs CWIN.TO
HHIC.TO	Harvest Canadian High Income Shares ETF	Canada Equities, Derivative Income	—	9.05%	Aug 19, 2025	CDAY.NEO vs HHIC.TO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	41	-14.58%	Jan 16, 2025	CDAY.NEO vs HHIS.TO
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	89	9.57%	Sep 3, 2024	CDAY.NEO vs UTES.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	48	-3.12%	Nov 2, 2012	CDAY.NEO vs VFV.TO
XCV.TO	iShares Canadian Value Index ETF	Canada Equities	97	8.06%	Nov 6, 2006	CDAY.NEO vs XCV.TO
CNCC.TO	Global X Canadian S&P/TSX 60 Covered Call ETF	Options Trading	82	1.41%	Mar 16, 2011	CDAY.NEO vs CNCC.TO
EIT-UN.TO	Canoe EIT Income Fund	Diversified Portfolio	88	8.56%	Aug 6, 1997	CDAY.NEO vs EIT-UN.TO
XIU.TO	iShares S&P/TSX 60 Index ETF	Large Cap Growth Equities	93	3.05%	Sep 28, 1999	CDAY.NEO vs XIU.TO
HEQT.TO	Horizons All-Equity Asset Allocation ETF	Global Equities	73	0.13%	Sep 13, 2019	CDAY.NEO vs HEQT.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	75	0.66%	Aug 7, 2019	CDAY.NEO vs XEQT.TO
DGS.TO	Dividend Growth Split Corp.		93	1.23%	—	CDAY.NEO vs DGS.TO
YTSL.NEO	Tesla (TSLA) Yield Shares Purpose ETF	Derivative Income	78	-17.92%	Dec 19, 2022	CDAY.NEO vs YTSL.NEO
EQCL.TO	Global X Enhanced All-Equity Asset Allocation Cove...	Derivative Income	52	-0.76%	Oct 10, 2023	CDAY.NEO vs EQCL.TO
ETSY	Etsy, Inc.		45	-9.85%	—	CDAY.NEO vs ETSY

Compare CDAY.NEO with Any Fund or Stock

Compare CDAY.NEO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Hamilton Enhanced Canadian Equity DayMAX ETF

Symbol name