CAR-UN.TO vs. QDAY.NEO

Last updated Jun 16, 2026

CAR-UN.TO (Canadian Apartment Properties Real Estate Investment Trust) is a stock, while QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) is Derivative Income fund actively managed by Hamilton Capital. At a 0.00 correlation, their price movements are largely independent.

Performance

CAR-UN.TO vs. QDAY.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) and Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAR-UN.TO achieves a -2.25% return, which is significantly lower than QDAY.NEO's 30.27% return.

CAR-UN.TO

• 1D: -1.03%
• 1M: 6.53%
• YTD: -2.25%
• 6M: -2.28%
• 1Y: -19.38%
• 3Y*: -7.85%
• 5Y*: -6.74%
• 10Y*: 4.34%

QDAY.NEO

• 1D: 3.63%
• 1M: 7.22%
• YTD: 30.27%
• 6M: 31.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CAR-UN.TO vs. QDAY.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
CAR-UN.TO Canadian Apartment Properties Real Estate Investment Trust	-2.25%	-18.76%
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	30.27%	14.84%

Correlation

The correlation between CAR-UN.TO and QDAY.NEO is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025	0.00

Return for Risk

CAR-UN.TO vs. QDAY.NEO — Risk / Return Rank

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

CAR-UN.TO

CAR-UN.TO Risk / Return Rank: 10
CAR-UN.TO Sharpe Ratio Rank: 4
CAR-UN.TO Sortino Ratio Rank: 6
CAR-UN.TO Omega Ratio Rank: 8
CAR-UN.TO Calmar Ratio Rank: 15
CAR-UN.TO Martin Ratio Rank: 15

QDAY.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.

CAR-UN.TO vs. QDAY.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) and Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.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.

	CAR-UN.TO	QDAY.NEO	Difference
Sharpe ratio: Return per unit of total volatility	-1.09	—	—
Sortino ratio: Return per unit of downside risk	-1.46	—	—
Omega ratio: Gain probability vs. loss probability	0.84	—	—
Calmar ratio: Return relative to maximum drawdown	-0.72	—	—
Martin ratio: Return relative to average drawdown	-1.20	—	—

Drawdowns

CAR-UN.TO vs. QDAY.NEO - Drawdown Comparison

The maximum CAR-UN.TO drawdown since its inception was -41.12%, which is greater than QDAY.NEO's maximum drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for CAR-UN.TO and QDAY.NEO.

Drawdown Indicators

	CAR-UN.TO	QDAY.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-41.12%	-19.44%	-21.68%
Max Drawdown (1Y) Largest decline over 1 year	-26.88%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-38.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.29%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.29%	—	—
Current Drawdown Current decline from peak	-35.33%	-0.97%	-34.36%
Average Drawdown Average peak-to-trough decline	-12.05%	-5.23%	-6.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.24%	—	—

Volatility

Volatility by Period

	CAR-UN.TO	QDAY.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.94%	24.37%	-6.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.14%	24.37%	-3.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.05%	24.37%	-3.32%

Dividends

CAR-UN.TO vs. QDAY.NEO - Dividend Comparison

CAR-UN.TO's dividend yield for the trailing twelve months is around 4.43%, less than QDAY.NEO's 14.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAR-UN.TO Canadian Apartment Properties Real Estate Investment Trust	4.43%	4.29%	3.45%	2.97%	3.40%	2.35%	2.76%	2.59%	2.96%	3.42%	3.94%	4.50%
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	14.91%	8.78%	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 CAR-UN.TO and QDAY.NEO in my portfolio?

CAR-UN.TO and QDAY.NEO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.