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Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) Alternatives

ETF · Currency in CAD · Last updated Jul 15, 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 66 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.29%.

SymbolNameExpense RatioAUMInception
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
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024QDAY.NEO vs JEPQ.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024QDAY.NEO vs JEPI.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%224.00MSep 2024QDAY.NEO vs HBIL.TO

Best Risk-Adjusted Alternatives to QDAY.NEO

QDAY.NEO has a PortfoliosLab risk / return rank of 66. There are 38 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
180.28MJun 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
1.26BFeb 2022QDAY.NEO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
98
4.84BJan 2011QDAY.NEO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
198.10MJul 2023QDAY.NEO vs BKCL.TO

Top Performing QDAY.NEO Alternatives (YTD)

QDAY.NEO is at 29.09% YTD. There are 7 ETFs in the Derivative Income category with higher YTD returns, going as high as 47.03%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
47.03%
—Feb 2022QDAY.NEO vs CBNK.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
35.01%
271.10MOct 2023QDAY.NEO vs ENCL.TO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
32.14%
—Feb 2025QDAY.NEO vs YAVG.NEO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
31.92%
1.26BFeb 2022QDAY.NEO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
30.90%
198.10MJul 2023QDAY.NEO vs BKCL.TO

Lowest Volatility Alternatives to QDAY.NEO

QDAY.NEO has 25.26% 1-year volatility. There are 71 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.76%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.76%224.00MSep 2024QDAY.NEO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.74%259.21MJan 2024QDAY.NEO vs HPYM.TO
ZPH.TO
BMO US Put Write Hedged to CAD ETF6.53%35.29MFeb 2017QDAY.NEO vs ZPH.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A7.05%180.28MJun 2022QDAY.NEO vs HLIF.TO
ZPW.TO
BMO US Put Write ETF7.32%105.45MSep 2015QDAY.NEO vs ZPW.TO

Lowest Drawdown Alternatives to QDAY.NEO

QDAY.NEO has a 1-year max drawdown of -19.44%. There are 61 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%
224.00MSep 2024QDAY.NEO vs HBIL.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
180.28MJun 2022QDAY.NEO vs HLIF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
259.21MJan 2024QDAY.NEO vs HPYM.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.21BOct 2011QDAY.NEO vs ZWU.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF
-5.11%
1.41BJun 2023QDAY.NEO vs UMAX.TO

Other ETFs from Hamilton Capital

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

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HMAX.TO
Hamilton Canadian Financials Yield Maximizer ETFDerivative Income
96
20.57%
2.53BJan 2023QDAY.NEO vs HMAX.TO
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
75
15.42%
1.32BFeb 2022QDAY.NEO vs HYLD.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETFFinancials Equities, Canada Equities, Leveraged Equities
98
43.53%
1.09BOct 2020QDAY.NEO vs HCAL.TO
CDAY.NEO
Hamilton Enhanced Canadian Equity DayMAX ETFDerivative Income, Canada Equities—
19.06%
242.10MJul 2025QDAY.NEO vs CDAY.NEO
QMAX.TO
Hamilton Technology YIELD MAXIMIZER ETFTechnology Equities, Derivative Income
44
20.32%
991.10MOct 2023QDAY.NEO vs QMAX.TO
AMAX.TO
Hamilton Gold Producer YIELD MAXIMIZER ETFGold, Derivative Income, Precious Metals
25
-12.33%
468.60MFeb 2024QDAY.NEO vs AMAX.TO
CMVP.TO
HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...Canada Equities
94
17.77%
—Jan 2025QDAY.NEO vs CMVP.TO
SDAY.NEO
Hamilton Enhanced U.S. Equity DayMAX™ ETFDerivative Income
64
14.84%
0.00Jul 2025QDAY.NEO vs SDAY.NEO
SMAX.TO
Hamilton U.S. Equity YIELD MAXIMIZER ETFDerivative Income
92
18.06%
1.10BOct 2023QDAY.NEO vs SMAX.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
64
27.45%
494.30MFeb 2024QDAY.NEO vs EMAX.TO

Often Compared With QDAY.NEO

Investors most often compare QDAY.NEO with HHIS.TO, QQQ, QQC-F.TO. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
22
8.76%
1.87BJan 2025QDAY.NEO vs HHIS.TO
QQQ
Invesco QQQ ETFNasdaq-100
61
17.43%
481.14BMar 1999QDAY.NEO vs QQQ
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
53
15.63%
3.73BMay 2021QDAY.NEO vs QQC-F.TO
QQQI
NEOS Nasdaq-100 High Income ETFNasdaq-100, Derivative Income
58
11.53%
13.32BJan 2024QDAY.NEO vs QQQI
WDAY
Workday, Inc.
14
-34.91%
——QDAY.NEO vs WDAY
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index FundNasdaq-100, Derivative Income
61
16.53%
135.03MOct 2025QDAY.NEO vs QQQY.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
78
16.45%
709.55MSep 2011QDAY.NEO vs QQCC.TO
HHIC.TO
Harvest Canadian High Income Shares ETFCanada Equities, Derivative Income—
11.87%
222.19MAug 2025QDAY.NEO vs HHIC.TO
XLK
State Street Technology Select Sector SPDR ETFTechnology Equities
66
27.85%
120.59BDec 1998QDAY.NEO vs XLK
BIGY.TO
Evolve US Equity UltraYield ETFDerivative Income—
-11.40%
—Sep 2025QDAY.NEO vs BIGY.TO
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
77
20.19%
370.02MOct 2023QDAY.NEO vs QQCL.TO
XQQU.TO
iShares NASDAQ 100 Index ETFNasdaq-100
68
19.99%
—Sep 2023QDAY.NEO vs XQQU.TO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
95
19.65%
1.74BJul 2021QDAY.NEO vs HDIV.TO
ZWT.TO
BMO Covered Call Technology ETFTechnology Equities, Derivative Income
55
17.14%
—Jan 2021QDAY.NEO vs ZWT.TO
HEQT.TO
Horizons All-Equity Asset Allocation ETFGlobal Equities
86
14.91%
—Sep 2019QDAY.NEO vs HEQT.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
78
13.57%
34.09BNov 2012QDAY.NEO vs VFV.TO
HTA.TO
Harvest Tech Achievers Growth & Income ETFTechnology Equities
52
22.55%
959.08MMar 2020QDAY.NEO vs HTA.TO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
68
20.27%
3.73BMay 2021QDAY.NEO vs QQC.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
13
-1.59%
360.54MMay 2024QDAY.NEO vs HPYT.TO
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)Nasdaq-100
43
15.75%
5.51BMay 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