CANY.TO vs. SDAY.NEO

Last updated Apr 2, 2026

Compare and contrast key facts about Evolve Canadian Equity UltraYield ETF (CANY.TO) and Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO).

CANY.TO and SDAY.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CANY.TO is an actively managed fund by Evolve. It was launched on Sep 17, 2025. SDAY.NEO is an actively managed fund by Hamilton Capital. It was launched on Jul 14, 2025.

Performance

CANY.TO vs. SDAY.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Canadian Equity UltraYield ETF (CANY.TO) and Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO). The values are adjusted to include any dividend payments, if applicable.

CANY.TO vs. SDAY.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
CANY.TO Evolve Canadian Equity UltraYield ETF	1.68%	5.75%
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF	5.24%	1.18%

Returns By Period

In the year-to-date period, CANY.TO achieves a 1.68% return, which is significantly lower than SDAY.NEO's 5.24% return.

CANY.TO

• 1D: -0.04%
• 1M: -3.87%
• YTD: 1.68%
• 6M: 6.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SDAY.NEO

• 1D: 0.30%
• 1M: -3.12%
• YTD: 5.24%
• 6M: 4.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CANY.TO vs. SDAY.NEO - Expense Ratio Comparison

CANY.TO has a 0.40% expense ratio, which is lower than SDAY.NEO's 0.85% expense ratio.

SDAY.NEO

Hamilton Enhanced U.S. Equity DayMAX™ ETF

CANY.TO

Evolve Canadian Equity UltraYield ETF

Return for Risk

CANY.TO vs. SDAY.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Canadian Equity UltraYield ETF (CANY.TO) 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.

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

Sharpe Ratios by Period

	CANY.TO	SDAY.NEO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	1.33	-0.51

Correlation

The correlation between CANY.TO and SDAY.NEO is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CANY.TO vs. SDAY.NEO - Dividend Comparison

CANY.TO's dividend yield for the trailing twelve months is around 11.28%, less than SDAY.NEO's 11.50% yield.

	TTM	2025
CANY.TO Evolve Canadian Equity UltraYield ETF	11.28%	5.87%
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF	11.50%	8.60%

Drawdowns

CANY.TO vs. SDAY.NEO - Drawdown Comparison

The maximum CANY.TO drawdown since its inception was -8.34%, roughly equal to the maximum SDAY.NEO drawdown of -8.27%. Use the drawdown chart below to compare losses from any high point for CANY.TO and SDAY.NEO.

Drawdown Indicators

	CANY.TO	SDAY.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-8.34%	-8.27%	-0.07%
Current Drawdown Current decline from peak	-3.87%	-3.72%	-0.15%
Average Drawdown Average peak-to-trough decline	-2.49%	-1.62%	-0.87%

Volatility

Volatility by Period

	CANY.TO	SDAY.NEO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.96%	11.95%	+6.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.96%	11.95%	+6.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	11.95%	+6.01%