BRKY.NEO vs. CDAY.NEO

Last updated Jun 5, 2026

BRKY.NEO (Berkshire Hathaway Yield Shares Purpose ETF) and CDAY.NEO (Hamilton Enhanced Canadian Equity DayMAX ETF) are both exchange-traded funds - BRKY.NEO is a Large Cap Blend Equities fund actively managed by Purpose Investments, while CDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital. Both are actively managed. At a 0.21 correlation, their price movements are largely independent. BRKY.NEO charges 0.40%/yr vs 0.85%/yr for CDAY.NEO.

Performance

BRKY.NEO vs. CDAY.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Berkshire Hathaway Yield Shares Purpose ETF (BRKY.NEO) and Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRKY.NEO achieves a -6.22% return, which is significantly lower than CDAY.NEO's 14.97% return.

BRKY.NEO

• 1D: 0.68%
• 1M: 1.77%
• YTD: -6.22%
• 6M: -6.18%
• 1Y: -4.97%
• 3Y*: 14.17%
• 5Y*: —
• 10Y*: —

CDAY.NEO

• 1D: 1.24%
• 1M: 3.55%
• YTD: 14.97%
• 6M: 16.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BRKY.NEO vs. CDAY.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
BRKY.NEO Berkshire Hathaway Yield Shares Purpose ETF	-6.22%	4.37%
CDAY.NEO Hamilton Enhanced Canadian Equity DayMAX ETF	14.97%	14.26%

Correlation

The correlation between BRKY.NEO and CDAY.NEO is 0.21, 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 15, 2025	0.21

BRKY.NEO vs. CDAY.NEO - Sectors Allocation Comparison

Sectors	BRKY.NEO	CDAY.NEO
Financial Services	100.0%	29.6%
Basic Materials	-	14.5%
Communication Services	-	8.2%
Consumer Cyclical	-	8.3%
Consumer Defensive	-	4.1%
Energy	-	9.3%
Healthcare	-	1.8%
Industrials	-	13.8%
Real Estate	-	0.4%
Technology	-	6.2%
Utilities	-	3.8%

Return for Risk

BRKY.NEO vs. CDAY.NEO — Risk / Return Rank

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

BRKY.NEO

BRKY.NEO Risk / Return Rank: 5
BRKY.NEO Sharpe Ratio Rank: 6
BRKY.NEO Sortino Ratio Rank: 6
BRKY.NEO Omega Ratio Rank: 5
BRKY.NEO Calmar Ratio Rank: 5
BRKY.NEO Martin Ratio Rank: 4

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.

BRKY.NEO vs. CDAY.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Yield Shares Purpose ETF (BRKY.NEO) and Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.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.

	BRKY.NEO	CDAY.NEO	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	—	—
Sortino ratio: Return per unit of downside risk	-0.39	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.51	—	—
Martin ratio: Return relative to average drawdown	-1.07	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BRKY.NEO	CDAY.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	3.15	-2.30

Drawdowns

BRKY.NEO vs. CDAY.NEO - Drawdown Comparison

The maximum BRKY.NEO drawdown since its inception was -17.43%, which is greater than CDAY.NEO's maximum drawdown of -8.00%. Use the drawdown chart below to compare losses from any high point for BRKY.NEO and CDAY.NEO.

Drawdown Indicators

	BRKY.NEO	CDAY.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-17.43%	-8.00%	-9.43%
Max Drawdown (1Y) Largest decline over 1 year	-10.55%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.43%	—	—
Current Drawdown Current decline from peak	-15.05%	0.00%	-15.05%
Average Drawdown Average peak-to-trough decline	-5.63%	-1.02%	-4.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.00%	—	—

Volatility

Volatility by Period

	BRKY.NEO	CDAY.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.60%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.23%	11.41%	+3.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.77%	11.41%	+6.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.77%	11.41%	+6.36%

BRKY.NEO vs. CDAY.NEO - Expense Ratio Comparison

BRKY.NEO has a 0.40% expense ratio, which is lower than CDAY.NEO's 0.85% expense ratio.

Dividends

BRKY.NEO vs. CDAY.NEO - Dividend Comparison

BRKY.NEO's dividend yield for the trailing twelve months is around 7.55%, less than CDAY.NEO's 14.39% yield.

Position	TTM	2025	2024	2023	2022
BRKY.NEO Berkshire Hathaway Yield Shares Purpose ETF	7.55%	5.58%	11.30%	5.40%	0.49%
CDAY.NEO Hamilton Enhanced Canadian Equity DayMAX ETF	14.39%	7.88%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BRKY.NEO and CDAY.NEO in my portfolio?

BRKY.NEO and CDAY.NEO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BRKY.NEO or CDAY.NEO?

On fees, BRKY.NEO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BRKY.NEO or CDAY.NEO?

BRKY.NEO is cheaper with a 0.40% expense ratio, compared with 0.85% for CDAY.NEO.

What is the main difference between BRKY.NEO and CDAY.NEO?

BRKY.NEO is categorized as Large Cap Blend Equities, while CDAY.NEO is Derivative Income. They also come from different issuers: Purpose Investments and Hamilton Capital. Their fees differ too: 0.40% for BRKY.NEO and 0.85% for CDAY.NEO.