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

ETF · Currency in CAD · Last updated Jul 18, 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 67 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 2025SDAY.NEO vs ECHI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%169.56MNov 2025SDAY.NEO vs EQLI.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024SDAY.NEO vs JEPI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024SDAY.NEO vs JEPQ.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%224.00MSep 2024SDAY.NEO vs HBIL.TO

Best Risk-Adjusted Alternatives to SDAY.NEO

SDAY.NEO has a PortfoliosLab risk / return rank of 64. 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 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...
98
1.26BFeb 2022SDAY.NEO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
98
4.84BJan 2011SDAY.NEO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
198.10MJul 2023SDAY.NEO vs BKCL.TO

Top Performing SDAY.NEO Alternatives (YTD)

SDAY.NEO is at 15.24% YTD. There are 24 ETFs in the Derivative Income category with higher YTD returns, going as high as 48.52%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
48.52%
—Feb 2022SDAY.NEO vs CBNK.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
37.25%
271.10MOct 2023SDAY.NEO vs ENCL.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
34.14%
1.26BFeb 2022SDAY.NEO vs BANK.TO
HPF.TO
Harvest Energy Leaders Income ETF Class A CAD Hedg...
31.82%
—Oct 2014SDAY.NEO vs HPF.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
31.50%
198.10MJul 2023SDAY.NEO vs BKCL.TO

Lowest Volatility Alternatives to SDAY.NEO

SDAY.NEO has 12.19% 1-year volatility. There are 32 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 2024SDAY.NEO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...1.92%—Sep 2024SDAY.NEO vs HBIL-U.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.73%259.21MJan 2024SDAY.NEO vs HPYM.TO
FCMI.TO
Fidelity Canadian Monthly High Income ETF6.39%—Jan 2020SDAY.NEO vs FCMI.TO
ZPH.TO
BMO US Put Write Hedged to CAD ETF6.59%35.29MFeb 2017SDAY.NEO vs ZPH.TO

Lowest Drawdown Alternatives to SDAY.NEO

SDAY.NEO has a 1-year max drawdown of -7.75%. There are 30 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 2024SDAY.NEO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...
-1.07%
—Sep 2024SDAY.NEO vs HBIL-U.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
180.28MJun 2022SDAY.NEO vs HLIF.TO
FCMI.TO
Fidelity Canadian Monthly High Income ETF
-3.62%
—Jan 2020SDAY.NEO vs FCMI.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
259.21MJan 2024SDAY.NEO vs HPYM.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
21.09%
2.53BJan 2023SDAY.NEO vs HMAX.TO
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
64
12.10%
1.32BFeb 2022SDAY.NEO vs HYLD.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETFFinancials Equities, Canada Equities, Leveraged Equities
98
44.98%
1.09BOct 2020SDAY.NEO vs HCAL.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETFDerivative Income, Utilities Equities
81
11.37%
1.41BJun 2023SDAY.NEO vs UMAX.TO
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETFDerivative Income
50
23.56%
—Jul 2025SDAY.NEO vs QDAY.NEO
CDAY.NEO
Hamilton Enhanced Canadian Equity DayMAX ETFDerivative Income, Canada Equities
91
18.76%
242.10MJul 2025SDAY.NEO vs CDAY.NEO
QMAX.TO
Hamilton Technology YIELD MAXIMIZER ETFTechnology Equities, Derivative Income
31
13.64%
991.10MOct 2023SDAY.NEO vs QMAX.TO
CMVP.TO
HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...Canada Equities
95
18.68%
—Jan 2025SDAY.NEO vs CMVP.TO
AMAX.TO
Hamilton Gold Producer YIELD MAXIMIZER ETFGold, Derivative Income, Precious Metals
23
-16.55%
468.60MFeb 2024SDAY.NEO vs AMAX.TO
SMAX.TO
Hamilton U.S. Equity YIELD MAXIMIZER ETFDerivative Income
87
15.23%
1.10BOct 2023SDAY.NEO vs SMAX.TO

Often Compared With SDAY.NEO

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

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
75
12.31%
250.73MJul 2023SDAY.NEO vs USCL.TO
BIGY.TO
Evolve US Equity UltraYield ETFDerivative Income—
-13.87%
—Sep 2025SDAY.NEO vs BIGY.TO
SCHD
Schwab U.S. Dividend Equity ETFDividend
89
21.95%
98.55BOct 2011SDAY.NEO vs SCHD
SMVP.TO
HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD He...Large Cap Blend Equities
45
10.65%
—Jan 2025SDAY.NEO vs SMVP.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
68
11.72%
34.09BNov 2012SDAY.NEO vs VFV.TO
QQQ
Invesco QQQ ETFNasdaq-100
47
13.46%
481.14BMar 1999SDAY.NEO vs QQQ
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
96
15.08%
2.41BFeb 2017SDAY.NEO vs ZWC.TO
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
17
5.07%
1.87BJan 2025SDAY.NEO vs HHIS.TO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
95
18.64%
1.74BJul 2021SDAY.NEO vs HDIV.TO
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)Nasdaq-100
33
11.83%
5.51BMay 2011SDAY.NEO vs XQQ.TO
HEQT.TO
Horizons All-Equity Asset Allocation ETFGlobal Equities
79
13.34%
—Sep 2019SDAY.NEO vs HEQT.TO
BMAX.TO
Brompton Enhanced Multi-Asset Income ETFDiversified Portfolio
62
9.83%
65.40M—SDAY.NEO vs BMAX.TO
ZWH.TO
BMO US High Dividend Covered Call ETFDerivative Income
77
11.47%
1.15BFeb 2014SDAY.NEO vs ZWH.TO
SIXY.TO
Evolve Big Six Canadian Banks UltraYield Index ETFFinancials Equities—
34.07%
—Dec 2025SDAY.NEO vs SIXY.TO
YCST.NEO
Costco (COST) Yield Shares Purpose ETFDerivative Income
9
10.90%
—Feb 2025SDAY.NEO vs YCST.NEO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
71
28.30%
494.30MFeb 2024SDAY.NEO vs EMAX.TO
XVLU.TO
iShares MSCI USA Value Factor Index ETFLarge Cap Value Equities
96
41.95%
90.15MSep 2019SDAY.NEO vs XVLU.TO
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index FundNasdaq-100, Derivative Income
48
11.97%
135.03MOct 2025SDAY.NEO vs QQQY.TO
TSPY
TappAlpha S&P 500 Growth & Daily Income ETFDerivative Income
54
7.51%
121.15MAug 2024SDAY.NEO vs TSPY
CANY.TO
Evolve Canadian Equity UltraYield ETFDerivative Income, Canada Equities—
14.19%
—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