CDAY.NEO vs. HPF.TO
CDAY.NEO (Hamilton Enhanced Canadian Equity DayMAX ETF) and HPF.TO (Harvest Energy Leaders Income ETF Class A CAD Hedged) are both exchange-traded funds - CDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital, while HPF.TO is a Energy Equities fund actively managed by Harvest. Both are actively managed. Over the past year, CDAY.NEO returned 35.31% vs 41.27% for HPF.TO. At a 0.09 correlation, their price movements are largely independent.
Performance
CDAY.NEO vs. HPF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CDAY.NEO achieves a 18.76% return, which is significantly lower than HPF.TO's 31.82% return.
CDAY.NEO
- 1D
- -0.39%
- 1M
- 2.75%
- 6M
- 14.51%
- YTD
- 18.76%
- 1Y
- 35.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HPF.TO
- 1D
- 1.06%
- 1M
- 6.87%
- 6M
- 26.38%
- YTD
- 31.82%
- 1Y
- 41.27%
- 3Y*
- 14.64%
- 5Y*
- 17.23%
- 10Y*
- 5.28%
CDAY.NEO vs. HPF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CDAY.NEO Hamilton Enhanced Canadian Equity DayMAX ETF | 18.76% | 13.23% |
HPF.TO Harvest Energy Leaders Income ETF Class A CAD Hedged | 31.82% | 5.04% |
Correlation
The correlation between CDAY.NEO and HPF.TO is 0.08, 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 (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.09 |
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Return for Risk
CDAY.NEO vs. HPF.TO — Risk / Return Rank
CDAY.NEO
HPF.TO
CDAY.NEO vs. HPF.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 Harvest Energy Leaders Income ETF Class A CAD Hedged (HPF.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.
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.
| CDAY.NEO | HPF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.35 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 3.45 | +0.24 |
| Martin ratioReturn relative to average drawdown | 16.62 | 10.17 | +6.45 |
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Drawdowns
CDAY.NEO vs. HPF.TO - Drawdown Comparison
The maximum CDAY.NEO drawdown since its inception was -9.65%, smaller than the maximum HPF.TO drawdown of -72.97%. Use the drawdown chart below to compare losses from any high point for CDAY.NEO and HPF.TO.
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Drawdown Indicators
| CDAY.NEO | HPF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.65% | -72.97% | +63.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -12.01% | +2.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.11% | — |
Current DrawdownCurrent decline from peak | -0.39% | -3.42% | +3.03% |
Average DrawdownAverage peak-to-trough decline | -1.22% | -26.26% | +25.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 4.07% | -1.93% |
Volatility
CDAY.NEO vs. HPF.TO - Volatility Comparison
The current volatility for Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO) is 2.47%, while Harvest Energy Leaders Income ETF Class A CAD Hedged (HPF.TO) has a volatility of 6.39%. This indicates that CDAY.NEO experiences smaller price fluctuations and is considered to be less risky than HPF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDAY.NEO | HPF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 6.39% | -3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 10.77% | 16.32% | -5.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 19.73% | -7.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.66% | 23.63% | -10.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.66% | 28.03% | -15.37% |
Dividends
CDAY.NEO vs. HPF.TO - Dividend Comparison
CDAY.NEO's dividend yield for the trailing twelve months is around 14.81%, more than HPF.TO's 7.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDAY.NEO Hamilton Enhanced Canadian Equity DayMAX ETF | 14.81% | 7.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HPF.TO Harvest Energy Leaders Income ETF Class A CAD Hedged | 7.85% | 9.93% | 9.80% | 8.75% | 6.58% | 4.61% | 15.32% | 8.74% | 8.78% | 12.87% | 13.58% | 13.31% |
Frequently Asked Questions
CDAY.NEO and HPF.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDAY.NEO is categorized as Derivative Income, while HPF.TO is Energy Equities. They also come from different issuers: Hamilton Capital and Harvest.
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