CCCB.TO vs. QDAY.NEO

Last updated Jun 5, 2026

CCCB.TO (CIBC Canadian Banks Covered Call ETF) and QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) are both Derivative Income funds. Both are actively managed. At a 0.13 correlation, their price movements are largely independent. CCCB.TO charges 0.39%/yr vs 0.85%/yr for QDAY.NEO.

Performance

CCCB.TO vs. QDAY.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CIBC Canadian Banks Covered Call ETF (CCCB.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, CCCB.TO achieves a 15.74% return, which is significantly lower than QDAY.NEO's 29.96% return.

CCCB.TO

• 1D: 1.24%
• 1M: 4.27%
• YTD: 15.74%
• 6M: 20.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDAY.NEO

• 1D: -1.21%
• 1M: 14.46%
• YTD: 29.96%
• 6M: 25.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
CCCB.TO CIBC Canadian Banks Covered Call ETF	15.74%	21.01%
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	29.96%	9.96%

Correlation

The correlation between CCCB.TO and QDAY.NEO is 0.13, 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 Aug 26, 2025	0.13

Return for Risk

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

This table presents a comparison of risk-adjusted performance metrics for CIBC Canadian Banks Covered Call ETF (CCCB.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.

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

Sharpe Ratios by Period

	CCCB.TO	QDAY.NEO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	4.21	2.51	+1.70

Drawdowns

CCCB.TO vs. QDAY.NEO - Drawdown Comparison

The maximum CCCB.TO drawdown since its inception was -7.92%, smaller than the maximum QDAY.NEO drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for CCCB.TO and QDAY.NEO.

Drawdown Indicators

	CCCB.TO	QDAY.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-7.92%	-19.44%	+11.52%
Current Drawdown Current decline from peak	-1.35%	-1.21%	-0.14%
Average Drawdown Average peak-to-trough decline	-1.04%	-5.21%	+4.17%

Volatility

Volatility by Period

	CCCB.TO	QDAY.NEO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.06%	22.72%	-9.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.06%	22.72%	-9.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.06%	22.72%	-9.66%

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

CCCB.TO has a 0.39% expense ratio, which is lower than QDAY.NEO's 0.85% expense ratio.

Dividends

CCCB.TO vs. QDAY.NEO - Dividend Comparison

CCCB.TO's dividend yield for the trailing twelve months is around 3.97%, less than QDAY.NEO's 14.09% yield.

Position	TTM	2025
CCCB.TO CIBC Canadian Banks Covered Call ETF	3.97%	1.93%
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	14.09%	8.78%

Frequently Asked Questions

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

CCCB.TO and QDAY.NEO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, CCCB.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

CCCB.TO is cheaper with a 0.39% expense ratio, compared with 0.85% for QDAY.NEO.

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

They also come from different issuers: CIBC and Hamilton Capital. Their fees differ too: 0.39% for CCCB.TO and 0.85% for QDAY.NEO.