CASH.TO vs. QDAY.NEO

Last updated Jun 14, 2026

CASH.TO (Global X High Interest Savings ETF) and QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) are both exchange-traded funds - CASH.TO is a Money Market fund actively managed by Global X, while QDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital. Both are actively managed. At a correlation of -0.04, they often move in opposite directions. CASH.TO charges 0.11%/yr vs 0.85%/yr for QDAY.NEO.

Performance

CASH.TO vs. QDAY.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X High Interest Savings ETF (CASH.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, CASH.TO achieves a 0.91% return, which is significantly lower than QDAY.NEO's 26.01% return.

CASH.TO

• 1D: 0.02%
• 1M: 0.15%
• YTD: 0.91%
• 6M: 1.03%
• 1Y: 2.23%
• 3Y*: 3.60%
• 5Y*: —
• 10Y*: —

QDAY.NEO

• 1D: 1.20%
• 1M: 3.71%
• YTD: 26.01%
• 6M: 26.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CASH.TO vs. QDAY.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
CASH.TO Global X High Interest Savings ETF	0.91%	1.09%
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	26.01%	14.84%

Correlation

The correlation between CASH.TO and QDAY.NEO is -0.04, 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	-0.04

Return for Risk

CASH.TO vs. QDAY.NEO — Risk / Return Rank

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

CASH.TO

CASH.TO Risk / Return Rank: 99
CASH.TO Sharpe Ratio Rank: 99
CASH.TO Sortino Ratio Rank: 99
CASH.TO Omega Ratio Rank: 99
CASH.TO Calmar Ratio Rank: 100
CASH.TO Martin Ratio Rank: 100

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.

CASH.TO vs. QDAY.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X High Interest Savings ETF (CASH.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.

	CASH.TO	QDAY.NEO	Difference
Sharpe ratio: Return per unit of total volatility	9.56	—	—
Sortino ratio: Return per unit of downside risk	26.15	—	—
Omega ratio: Gain probability vs. loss probability	7.03	—	—
Calmar ratio: Return relative to maximum drawdown	113.10	—	—
Martin ratio: Return relative to average drawdown	389.01	—	—

Drawdowns

CASH.TO vs. QDAY.NEO - Drawdown Comparison

The maximum CASH.TO drawdown since its inception was -0.80%, smaller than the maximum QDAY.NEO drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for CASH.TO and QDAY.NEO.

Drawdown Indicators

	CASH.TO	QDAY.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-0.80%	-19.44%	+18.64%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.06%	—	—
Current Drawdown Current decline from peak	0.00%	-4.21%	+4.21%
Average Drawdown Average peak-to-trough decline	-0.00%	-5.25%	+5.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	—	—

Volatility

Volatility by Period

	CASH.TO	QDAY.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.24%	24.16%	-23.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.61%	24.16%	-23.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.61%	24.16%	-23.55%

CASH.TO vs. QDAY.NEO - Expense Ratio Comparison

CASH.TO has a 0.11% expense ratio, which is lower than QDAY.NEO's 0.85% expense ratio.

Dividends

CASH.TO vs. QDAY.NEO - Dividend Comparison

CASH.TO's dividend yield for the trailing twelve months is around 2.19%, less than QDAY.NEO's 14.53% yield.

Position	TTM	2025	2024	2023	2022	2021
CASH.TO Global X High Interest Savings ETF	2.19%	2.53%	4.37%	5.05%	2.30%	0.10%
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	14.53%	8.78%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CASH.TO and QDAY.NEO in my portfolio?

CASH.TO and QDAY.NEO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CASH.TO or QDAY.NEO?

On fees, CASH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CASH.TO or QDAY.NEO?

CASH.TO is cheaper with a 0.11% expense ratio, compared with 0.85% for QDAY.NEO.

What is the main difference between CASH.TO and QDAY.NEO?

CASH.TO is categorized as Money Market, while QDAY.NEO is Derivative Income. They also come from different issuers: Global X and Hamilton Capital. Their fees differ too: 0.11% for CASH.TO and 0.85% for QDAY.NEO.