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Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) Alternatives

ETF · Currency in CAD · Last updated Aug 5, 2026

QDAY aims to deliver attractive income by providing exposure to U.S. equities and supplementing income through an actively managed, primarily ultra-short-term, option strategy with 25% leverage.

Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.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 QDAY.NEO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to QDAY.NEO

QDAY.NEO charges 0.85% annually. There are 83 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.21%.

SymbolNameExpense RatioAUMInception
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETF0.21%63.79MAug 2024QDAY.NEO vs QQCI.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025QDAY.NEO vs ECHI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%169.56MNov 2025QDAY.NEO vs EQLI.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024QDAY.NEO vs JEPI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024QDAY.NEO vs JEPQ.TO

Best Risk-Adjusted Alternatives to QDAY.NEO

QDAY.NEO has a PortfoliosLab risk / return rank of 62. There are 54 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 98.

SymbolNameRisk / Return RankAUMInception
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
98
195.83MJun 2022QDAY.NEO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
98
—Feb 2022QDAY.NEO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
98
1.33BFeb 2022QDAY.NEO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
97
4.77BJan 2011QDAY.NEO vs ZWB.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...
97
405.23MMay 2011QDAY.NEO vs BKCC.TO

Top Performing QDAY.NEO Alternatives (YTD)

QDAY.NEO is at 30.22% YTD. There are 7 ETFs in the Derivative Income category with higher YTD returns, going as high as 44.89%.

SymbolNameYTD ReturnAUMInception
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
44.89%
—Feb 2025QDAY.NEO vs YAVG.NEO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
44.76%
—Feb 2022QDAY.NEO vs CBNK.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETF
37.43%
—Aug 2025QDAY.NEO vs CNQE.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
36.74%
295.63MOct 2023QDAY.NEO vs ENCL.TO
HPF.TO
Harvest Energy Leaders Income ETF – Class A Units
34.39%
69.39MOct 2014QDAY.NEO vs HPF.TO

Lowest Volatility Alternatives to QDAY.NEO

QDAY.NEO has 26.57% 1-year volatility. There are 93 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.78%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.78%214.20MSep 2024QDAY.NEO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...1.98%152.80MSep 2024QDAY.NEO vs HBIL-U.TO
PYF.TO
Purpose Premium Yield Fund Series ETF3.28%682.20MNov 2018QDAY.NEO vs PYF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.65%249.28MJan 2024QDAY.NEO vs HPYM.TO
PINC.TO
Purpose Multi-Asset Income Fund6.34%108.20MApr 2018QDAY.NEO vs PINC.TO

Lowest Drawdown Alternatives to QDAY.NEO

QDAY.NEO has a 1-year max drawdown of -19.44%. There are 83 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.95%.

SymbolNameMax Drawdown 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...
-0.95%
214.20MSep 2024QDAY.NEO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...
-1.32%
152.80MSep 2024QDAY.NEO vs HBIL-U.TO
PYF.TO
Purpose Premium Yield Fund Series ETF
-2.11%
682.20MNov 2018QDAY.NEO vs PYF.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
195.83MJun 2022QDAY.NEO vs HLIF.TO
PINC.TO
Purpose Multi-Asset Income Fund
-3.59%
108.20MApr 2018QDAY.NEO vs PINC.TO

Other ETFs from Hamilton

The 10 most viewed Hamilton ETFs shown here include HDIV.TO, HMAX.TO, HYLD.TO and span 8 categories. AUM among these funds goes as high as $3B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
95
20.75%
1.79BJul 2021QDAY.NEO vs HDIV.TO
HMAX.TO
Hamilton Canadian Financials Yield Maximizer ETFDerivative Income
97
20.10%
2.58BJan 2023QDAY.NEO vs HMAX.TO
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
77
16.59%
1.30BFeb 2022QDAY.NEO vs HYLD.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETFFinancials Equities, Canada Equities, Leveraged Equities
98
40.83%
1.09BOct 2020QDAY.NEO vs HCAL.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETFDerivative Income, Utilities Equities
69
8.91%
1.45BJun 2023QDAY.NEO vs UMAX.TO
CDAY.NEO
Hamilton Enhanced Canadian Equity DayMAX ETFDerivative Income, Canada Equities
92
18.17%
242.10MJul 2025QDAY.NEO vs CDAY.NEO
QMAX.TO
Hamilton Technology YIELD MAXIMIZER ETFTechnology Equities, Derivative Income
42
20.82%
936.10MOct 2023QDAY.NEO vs QMAX.TO
CMVP.TO
HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...Canada Equities
95
18.41%
—Jan 2025QDAY.NEO vs CMVP.TO
SDAY.NEO
Hamilton Enhanced U.S. Equity DayMAX™ ETFDerivative Income
77
18.92%
0.00Jul 2025QDAY.NEO vs SDAY.NEO
AMAX.TO
Hamilton Gold Producer YIELD MAXIMIZER ETFGold, Derivative Income, Precious Metals
29
-9.75%
481.30MFeb 2024QDAY.NEO vs AMAX.TO

Often Compared With QDAY.NEO

Investors most often compare QDAY.NEO with HHIS.TO, QQQ, QQC-F.TO. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
25
8.57%
1.82BJan 2025QDAY.NEO vs HHIS.TO
QQQ
Invesco QQQ ETFNasdaq-100
55
18.11%
452.80BMar 1999QDAY.NEO vs QQQ
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
52
16.23%
3.73BMay 2021QDAY.NEO vs QQC-F.TO
QQQI
NEOS Nasdaq-100 High Income ETFNasdaq-100, Derivative Income
49
11.18%
13.40BJan 2024QDAY.NEO vs QQQI
WDAY
Workday, Inc.
23
-20.25%
——QDAY.NEO vs WDAY
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index FundNasdaq-100, Derivative Income
59
17.98%
128.60MOct 2025QDAY.NEO vs QQQY.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
68
16.67%
683.57MSep 2011QDAY.NEO vs QQCC.TO
HHIC.TO
Harvest Canadian High Income Shares ETFCanada Equities, Derivative Income—
11.62%
224.53MAug 2025QDAY.NEO vs HHIC.TO
BIGY.TO
Evolve US Equity UltraYield ETFDerivative Income—
-10.69%
—Sep 2025QDAY.NEO vs BIGY.TO
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
68
19.51%
353.68MOct 2023QDAY.NEO vs QQCL.TO
XLK
State Street Technology Select Sector SPDR ETFTechnology Equities
61
30.13%
115.56BDec 1998QDAY.NEO vs XLK
XQQU.TO
iShares NASDAQ 100 Index ETFNasdaq-100
65
20.69%
—Sep 2023QDAY.NEO vs XQQU.TO
HEQT.TO
Global X All-Equity Asset Allocation ETFGlobal Equities
89
17.38%
—Sep 2019QDAY.NEO vs HEQT.TO
ZWT.TO
BMO Covered Call Technology ETFTechnology Equities, Derivative Income
54
18.82%
—Jan 2021QDAY.NEO vs ZWT.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
77
31.26%
538.30MFeb 2024QDAY.NEO vs EMAX.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
83
16.57%
34.09BNov 2012QDAY.NEO vs VFV.TO
HTA.TO
Harvest Tech Achievers Growth & Income ETFTechnology Equities
57
25.57%
916.32MMar 2020QDAY.NEO vs HTA.TO
SMAX.TO
Hamilton U.S. Equity YIELD MAXIMIZER ETFDerivative Income
92
19.34%
1.08BOct 2023QDAY.NEO vs SMAX.TO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
66
20.90%
3.73BMay 2021QDAY.NEO vs QQC.TO
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)Nasdaq-100
44
16.30%
5.26BMay 2011QDAY.NEO vs XQQ.TO

Compare QDAY.NEO with Any Fund or Stock

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

 

Diversifiers

Pair QDAY.NEO with funds that move differently

Hamilton EnhancedTechnology DayMAX™ ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QDAY.NEO.

Explore QDAY.NEO Diversifiers