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Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO) Alternatives

ETF · Currency in CAD · Last updated Jun 16, 2026

SDAY aims to deliver attractive income and exposure to U.S. equities by using an actively managed, primarily ultra-short-term option strategy and modest 25% leverage.

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

Cheapest Alternatives to SDAY.NEO

SDAY.NEO charges 0.85% annually. There are 62 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%242.85MJul 2023SDAY.NEO vs USCL.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025SDAY.NEO vs ECHI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%155.19MNov 2025SDAY.NEO vs EQLI.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%228.20MSep 2024SDAY.NEO vs HBIL.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024SDAY.NEO vs JEPI.TO

Best Risk-Adjusted Alternatives to SDAY.NEO

Among 72 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 98.

SymbolNameRisk / Return RankAUMInception
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
98
—Jun 2022SDAY.NEO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
98
—Feb 2022SDAY.NEO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
97
1.13BFeb 2022SDAY.NEO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
97
4.53BJan 2011SDAY.NEO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
96
193.25MJul 2023SDAY.NEO vs BKCL.TO

Top Performing SDAY.NEO Alternatives (YTD)

SDAY.NEO is at 12.66% YTD. There are 46 ETFs in the Derivative Income category with higher YTD returns, going as high as 34.10%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
34.10%
—Feb 2022SDAY.NEO vs CBNK.TO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
33.32%
—Feb 2025SDAY.NEO vs YAVG.NEO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
32.85%
287.54MOct 2023SDAY.NEO vs ENCL.TO
TXF.TO
CI Tech Giants Covered Call Common
30.50%
840.45MOct 2011SDAY.NEO vs TXF.TO
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETF
30.27%
—Jul 2025SDAY.NEO vs QDAY.NEO

Lowest Volatility Alternatives to SDAY.NEO

SDAY.NEO has 11.59% 1-year volatility. There are 23 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.64%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.64%228.20MSep 2024SDAY.NEO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.49%230.93MJan 2024SDAY.NEO vs HPYM.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF6.68%1.37BJun 2023SDAY.NEO vs UMAX.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A7.02%—Jun 2022SDAY.NEO vs HLIF.TO
ZWU.TO
BMO Covered Call Utilities ETF7.61%2.21BOct 2011SDAY.NEO vs ZWU.TO

Lowest Drawdown Alternatives to SDAY.NEO

Among 72 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%
228.20MSep 2024SDAY.NEO vs HBIL.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
—Jun 2022SDAY.NEO vs HLIF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
230.93MJan 2024SDAY.NEO vs HPYM.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...
-4.57%
101.38MOct 2022SDAY.NEO vs HUTE.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.21BOct 2011SDAY.NEO vs ZWU.TO

Other ETFs from Hamilton Capital

The 10 most viewed Hamilton Capital ETFs shown here include HMAX.TO, HYLD.TO, HCAL.TO and span 9 categories. AUM among these funds goes as high as $2B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HMAX.TO
Hamilton Canadian Financials Yield Maximizer ETFDerivative Income
95
15.62%
2.41BJan 2023SDAY.NEO vs HMAX.TO
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
79
16.05%
1.27BFeb 2022SDAY.NEO vs HYLD.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETFFinancials Equities, Canada Equities, Leveraged Equities
97
31.74%
1.01BOct 2020SDAY.NEO vs HCAL.TO
QMAX.TO
Hamilton Technology YIELD MAXIMIZER ETFTechnology Equities, Derivative Income
58
23.03%
958.20MOct 2023SDAY.NEO vs QMAX.TO
CDAY.NEO
Hamilton Enhanced Canadian Equity DayMAX ETFDerivative Income, Canada Equities—
16.37%
242.10MJul 2025SDAY.NEO vs CDAY.NEO
AMAX.TO
Hamilton Gold Producer YIELD MAXIMIZER ETFGold, Derivative Income, Precious Metals
32
-0.70%
472.00MFeb 2024SDAY.NEO vs AMAX.TO
CMVP.TO
HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...Canada Equities
91
15.35%
—Jan 2025SDAY.NEO vs CMVP.TO
SMAX.TO
Hamilton U.S. Equity YIELD MAXIMIZER ETFDerivative Income
92
17.45%
1.06BOct 2023SDAY.NEO vs SMAX.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
51
23.78%
481.70MFeb 2024SDAY.NEO vs EMAX.TO
SMVP.TO
HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD He...Large Cap Blend Equities
37
8.20%
—Jan 2025SDAY.NEO vs SMVP.TO

Often Compared With SDAY.NEO

Investors most often compare SDAY.NEO with BIGY.TO, SCHD, VFV.TO. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
BIGY.TO
Evolve US Equity UltraYield ETFLarge Cap Blend Equities—
-8.43%
—Sep 2025SDAY.NEO vs BIGY.TO
SCHD
Schwab U.S. Dividend Equity ETFDividend
85
19.96%
97.46BOct 2011SDAY.NEO vs SCHD
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
85
13.00%
32.85BNov 2012SDAY.NEO vs VFV.TO
QQQ
Invesco QQQ ETFNasdaq-100
79
21.26%
480.53BMar 1999SDAY.NEO vs QQQ
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
94
13.01%
2.35BFeb 2017SDAY.NEO vs ZWC.TO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
94
18.67%
1.66BJul 2021SDAY.NEO vs HDIV.TO
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)Nasdaq-100
62
19.59%
5.43BMay 2011SDAY.NEO vs XQQ.TO
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
35
8.02%
1.74BJan 2025SDAY.NEO vs HHIS.TO
HEQT.TO
Horizons All-Equity Asset Allocation ETFGlobal Equities
88
14.94%
—Sep 2019SDAY.NEO vs HEQT.TO
ZWH.TO
BMO US High Dividend Covered Call ETFDerivative Income
87
12.69%
1.14BFeb 2014SDAY.NEO vs ZWH.TO
BMAX.TO
Brompton Enhanced Multi-Asset Income ETFDiversified Portfolio
72
11.10%
65.40M—SDAY.NEO vs BMAX.TO
SIXY.TO
Evolve Big Six Canadian Banks UltraYield Index ETFFinancials Equities—
22.47%
—Dec 2025SDAY.NEO vs SIXY.TO
YCST.NEO
Costco (COST) Yield Shares Purpose ETFDerivative Income
9
15.30%
—Feb 2025SDAY.NEO vs YCST.NEO
XVLU.TO
iShares MSCI USA Value Factor Index ETFLarge Cap Value Equities
98
51.22%
88.01MSep 2019SDAY.NEO vs XVLU.TO
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index FundNasdaq-100, Derivative Income
75
18.69%
131.18MOct 2025SDAY.NEO vs QQQY.TO
ZWT.TO
BMO Covered Call Technology ETFTechnology Equities, Derivative Income
66
18.20%
—Jan 2021SDAY.NEO vs ZWT.TO
TSPY
TappAlpha S&P 500 Growth & Daily Income ETFDerivative Income
67
8.33%
121.15MAug 2024SDAY.NEO vs TSPY
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...Derivative Income
89
15.62%
417.79MSep 2024SDAY.NEO vs UTES.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
98
23.47%
7.99BNov 2012SDAY.NEO vs VDY.TO
CANY.TO
Evolve Canadian Equity UltraYield ETFDerivative Income, Canada Equities—
11.38%
—Sep 2025SDAY.NEO vs CANY.TO

Compare SDAY.NEO with Any Fund or Stock

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

 

Diversifiers

Pair SDAY.NEO with funds that move differently

Hamilton Enhanced U.S. Equity DayMAX™ ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SDAY.NEO.

Explore SDAY.NEO Diversifiers