CDAY.NEO vs. EMAX.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO) and Hamilton Energy YIELD MAXIMIZER ETF (EMAX.TO).

CDAY.NEO and EMAX.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CDAY.NEO is an actively managed fund by Hamilton Capital. It was launched on Jul 14, 2025. EMAX.TO is an actively managed fund by Hamilton Capital. It was launched on Feb 6, 2024.

Performance

CDAY.NEO vs. EMAX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO) and Hamilton Energy YIELD MAXIMIZER ETF (EMAX.TO). The values are adjusted to include any dividend payments, if applicable.

CDAY.NEO vs. EMAX.TO - Yearly Performance Comparison

	2026 (YTD)	2025
CDAY.NEO Hamilton Enhanced Canadian Equity DayMAX ETF	3.53%	14.92%
EMAX.TO Hamilton Energy YIELD MAXIMIZER ETF	31.32%	8.16%

Returns By Period

In the year-to-date period, CDAY.NEO achieves a 3.53% return, which is significantly lower than EMAX.TO's 31.32% return.

CDAY.NEO

• 1D: 0.00%
• 1M: -5.81%
• YTD: 3.53%
• 6M: 7.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMAX.TO

• 1D: -1.98%
• 1M: 11.00%
• YTD: 31.32%
• 6M: 31.82%
• 1Y: 30.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CDAY.NEO vs. EMAX.TO - Expense Ratio Comparison

CDAY.NEO has a 0.85% expense ratio, which is higher than EMAX.TO's 0.65% expense ratio.

CDAY.NEO

Hamilton Enhanced Canadian Equity DayMAX ETF

EMAX.TO

Hamilton Energy YIELD MAXIMIZER ETF

Return for Risk

CDAY.NEO vs. EMAX.TO — Risk / Return Rank

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

EMAX.TO

EMAX.TO Risk / Return Rank: 59
EMAX.TO Sharpe Ratio Rank: 66
EMAX.TO Sortino Ratio Rank: 60
EMAX.TO Omega Ratio Rank: 65
EMAX.TO Calmar Ratio Rank: 60
EMAX.TO Martin Ratio Rank: 42

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.

CDAY.NEO vs. EMAX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO) and Hamilton Energy YIELD MAXIMIZER ETF (EMAX.TO). 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

	CDAY.NEO	EMAX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	0.81	+1.30

Correlation

The correlation between CDAY.NEO and EMAX.TO is 0.22, 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

CDAY.NEO vs. EMAX.TO - Dividend Comparison

CDAY.NEO's dividend yield for the trailing twelve months is around 11.51%, more than EMAX.TO's 9.29% yield.

	TTM	2025	2024
CDAY.NEO Hamilton Enhanced Canadian Equity DayMAX ETF	11.51%	7.87%	0.00%
EMAX.TO Hamilton Energy YIELD MAXIMIZER ETF	9.29%	13.44%	12.31%

Drawdowns

CDAY.NEO vs. EMAX.TO - Drawdown Comparison

The maximum CDAY.NEO drawdown since its inception was -9.61%, smaller than the maximum EMAX.TO drawdown of -27.55%. Use the drawdown chart below to compare losses from any high point for CDAY.NEO and EMAX.TO.

Drawdown Indicators

	CDAY.NEO	EMAX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-9.61%	-27.55%	+17.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.97%	—
Current Drawdown Current decline from peak	-7.44%	-3.30%	-4.14%
Average Drawdown Average peak-to-trough decline	-1.19%	-9.52%	+8.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.03%	—

Volatility

Volatility by Period

	CDAY.NEO	EMAX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	26.34%	-13.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.26%	22.14%	-8.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.26%	22.14%	-8.88%