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Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) Alternatives

ETF · Currency in CAD · Last updated Jun 9, 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 60 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.04%.

SymbolNameExpense RatioAUMInception
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF0.04%249.21MJul 2023QDAY.NEO vs USCL.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%155.19MNov 2025QDAY.NEO vs EQLI.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025QDAY.NEO vs ECHI.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%230.50MSep 2024QDAY.NEO vs HBIL.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

Among 54 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 97.

SymbolNameRisk / Return RankAUMInception
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
97
1.11BFeb 2022QDAY.NEO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
96
188.69MJul 2023QDAY.NEO vs BKCL.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...
96
376.74MMay 2011QDAY.NEO vs BKCC.TO
HMAX.TO
Hamilton Canadian Financials Yield Maximizer ETF
94
2.38BJan 2023QDAY.NEO vs HMAX.TO
ZWC.TO
BMO CA High Dividend Covered Call ETF
94
2.31BFeb 2017QDAY.NEO vs ZWC.TO

Top Performing QDAY.NEO Alternatives (YTD)

Among 56 ETFs in the Derivative Income category with YTD return data, the top-performing alternatives shown here go as high as 35.71%.

SymbolNameYTD ReturnAUMInception
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
35.71%
295.70MOct 2023QDAY.NEO vs ENCL.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...
30.32%
118.36MFeb 2015QDAY.NEO vs NXF.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETF
29.07%
499.90MFeb 2024QDAY.NEO vs EMAX.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...
28.21%
771.12MApr 2011QDAY.NEO vs ENCC.TO
TXF.TO
CI Tech Giants Covered Call Common
24.61%
810.29MOct 2011QDAY.NEO vs TXF.TO

Lowest Volatility Alternatives to QDAY.NEO

Among 56 ETFs in the Derivative Income category with 1-year volatility data, the lowest-volatility alternatives shown here go as low as 1.64%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.64%230.50MSep 2024QDAY.NEO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.48%228.87MJan 2024QDAY.NEO vs HPYM.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF6.69%1.37BJun 2023QDAY.NEO vs UMAX.TO
ZWU.TO
BMO Covered Call Utilities ETF7.62%2.18BOct 2011QDAY.NEO vs ZWU.TO
HPYT.TO
Harvest Premium Yield Treasury ETF A7.97%379.44MMay 2024QDAY.NEO vs HPYT.TO

Lowest Drawdown Alternatives to QDAY.NEO

Among 54 ETFs in the Derivative Income category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.95%.

SymbolNameMax Drawdown 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...
-0.95%
230.50MSep 2024QDAY.NEO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
228.87MJan 2024QDAY.NEO vs HPYM.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...
-4.57%
99.44MOct 2022QDAY.NEO vs HUTE.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.18BOct 2011QDAY.NEO vs ZWU.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF
-5.11%
1.37BJun 2023QDAY.NEO vs UMAX.TO

Other ETFs from Hamilton Capital

The 10 most viewed Hamilton Capital ETFs shown here include HYLD.TO, HCAL.TO, QMAX.TO and span 7 categories. AUM among these funds goes as high as $1B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
74
12.41%
1.29BFeb 2022QDAY.NEO vs HYLD.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETFLeveraged Equities
97
26.68%
981.60MOct 2020QDAY.NEO vs HCAL.TO
QMAX.TO
Hamilton Technology YIELD MAXIMIZER ETFTechnology Equities, Derivative Income
49
16.68%
976.50MOct 2023QDAY.NEO vs QMAX.TO
CDAY.NEO
Hamilton Enhanced Canadian Equity DayMAX ETFDerivative Income, Canada Equities—
12.96%
242.10MJul 2025QDAY.NEO vs CDAY.NEO
AMAX.TO
Hamilton Gold Producer YIELD MAXIMIZER ETFGold, Derivative Income
30
-7.75%
513.40MFeb 2024QDAY.NEO vs AMAX.TO
SDAY.NEO
Hamilton Enhanced U.S. Equity DayMAX™ ETFDerivative Income———Jul 2025QDAY.NEO vs SDAY.NEO
CMVP.TO
HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...Canada Equities———Jan 2025QDAY.NEO vs CMVP.TO
SMAX.TO
Hamilton U.S. Equity YIELD MAXIMIZER ETFDerivative Income
90
14.74%
1.08BOct 2023QDAY.NEO vs SMAX.TO
SMVP.TO
HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD He...Large Cap Blend Equities———Jan 2025QDAY.NEO vs SMVP.TO
HBND.TO
 Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedge...Government Bonds, Derivative Income
16
-0.96%
197.20MAug 2024QDAY.NEO vs HBND.TO

Often Compared With QDAY.NEO

Investors most often compare QDAY.NEO with HHIS.TO, QQQ, QQQI. 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
33
5.99%
1.69BJan 2025QDAY.NEO vs HHIS.TO
QQQ
Invesco QQQ ETFNasdaq-100
69
16.71%
471.18BMar 1999QDAY.NEO vs QQQ
QQQI
NEOS Nasdaq-100 High Income ETFNasdaq-100, Derivative Income
64
9.93%
12.00BJan 2024QDAY.NEO vs QQQI
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
61
15.11%
1.54BMay 2021QDAY.NEO vs QQC-F.TO
WDAY
Workday, Inc.
7
-33.07%
——QDAY.NEO vs WDAY
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index FundNasdaq-100, Derivative Income
72
15.44%
135.58MOct 2025QDAY.NEO vs QQQY.TO
XLK
State Street Technology Select Sector SPDR ETFTechnology Equities
77
28.09%
125.92BDec 1998QDAY.NEO vs XLK
HHIC.TO
Harvest Canadian High Income Shares ETFCanada Equities, Derivative Income—
11.63%
197.74MAug 2025QDAY.NEO vs HHIC.TO
XQQU.TO
iShares NASDAQ 100 Index ETFNasdaq-100———Sep 2023QDAY.NEO vs XQQU.TO
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
80
17.22%
367.11MOct 2023QDAY.NEO vs QQCL.TO
BIGY.TO
Evolve US Equity UltraYield ETFLarge Cap Blend Equities———Sep 2025QDAY.NEO vs BIGY.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
80
14.04%
717.90MSep 2011QDAY.NEO vs QQCC.TO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
94
15.21%
1.67BJul 2021QDAY.NEO vs HDIV.TO
ZWT.TO
BMO Covered Call Technology ETFTechnology Equities, Derivative Income———Jan 2021QDAY.NEO vs ZWT.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
76
10.42%
32.85BNov 2012QDAY.NEO vs VFV.TO
HEQT.TO
Horizons All-Equity Asset Allocation ETFGlobal Equities———Sep 2019QDAY.NEO vs HEQT.TO
HTA.TO
Harvest Tech Achievers Growth & Income ETFTechnology Equities
56
19.93%
908.05MMar 2020QDAY.NEO vs HTA.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class ADerivative Income———Jun 2022QDAY.NEO vs HLIF.TO
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)Nasdaq-100
51
15.19%
5.61BMay 2011QDAY.NEO vs XQQ.TO
YCST.NEO
Costco (COST) Yield Shares Purpose ETFDerivative Income———Feb 2025QDAY.NEO vs YCST.NEO

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