AQN vs. SDAY.NEO

Last updated Jun 16, 2026

AQN (Algonquin Power & Utilities Corp) is a stock, while SDAY.NEO (Hamilton Enhanced U.S. Equity DayMAX™ ETF) is Derivative Income fund actively managed by Hamilton Capital. At a 0.20 correlation, their price movements are largely independent.

Performance

AQN vs. SDAY.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Algonquin Power & Utilities Corp (AQN) and Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AQN is traded in USD, while SDAY.NEO is traded in CAD. To make them comparable, the SDAY.NEO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AQN achieves a -1.40% return, which is significantly lower than SDAY.NEO's 10.49% return.

AQN

• 1D: 1.01%
• 1M: 4.35%
• YTD: -1.40%
• 6M: 2.99%
• 1Y: 7.06%
• 3Y*: -5.53%
• 5Y*: -12.99%
• 10Y*: 0.81%

SDAY.NEO

• 1D: 0.37%
• 1M: 4.70%
• YTD: 10.49%
• 6M: 9.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AQN vs. SDAY.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
AQN Algonquin Power & Utilities Corp	-1.40%	8.09%
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF	10.49%	4.40%

Correlation

The correlation between AQN and SDAY.NEO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025	0.20

Return for Risk

AQN vs. SDAY.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AQN

AQN Risk / Return Rank: 50
AQN Sharpe Ratio Rank: 53
AQN Sortino Ratio Rank: 45
AQN Omega Ratio Rank: 47
AQN Calmar Ratio Rank: 52
AQN Martin Ratio Rank: 53

SDAY.NEO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AQN vs. SDAY.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Algonquin Power & Utilities Corp (AQN) and Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AQN	SDAY.NEO	Difference
Sharpe ratio: Return per unit of total volatility	0.30	—	—
Sortino ratio: Return per unit of downside risk	0.58	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.42	—	—
Martin ratio: Return relative to average drawdown	0.97	—	—

Drawdowns

AQN vs. SDAY.NEO - Drawdown Comparison

The maximum AQN drawdown since its inception was -69.73%, which is greater than SDAY.NEO's maximum drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for AQN and SDAY.NEO.

Drawdown Indicators

	AQN	SDAY.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-69.73%	-8.14%	-61.59%
Max Drawdown (1Y) Largest decline over 1 year	-16.74%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-44.91%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-68.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-69.73%	—	—
Current Drawdown Current decline from peak	-54.71%	-0.18%	-54.53%
Average Drawdown Average peak-to-trough decline	-18.32%	-1.83%	-16.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.32%	—	—

Volatility

Volatility by Period

	AQN	SDAY.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.09%	12.24%	+11.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.56%	12.24%	+18.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.98%	12.24%	+15.74%

Dividends

AQN vs. SDAY.NEO - Dividend Comparison

AQN's dividend yield for the trailing twelve months is around 4.33%, less than SDAY.NEO's 16.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQN Algonquin Power & Utilities Corp	4.33%	4.23%	7.80%	6.87%	10.94%	4.62%	3.68%	3.90%	4.99%	4.18%	4.88%	4.77%
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF	16.66%	8.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AQN and SDAY.NEO in my portfolio?

AQN and SDAY.NEO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.