CDAY.NEO vs. HPYM.TO
CDAY.NEO (Hamilton Enhanced Canadian Equity DayMAX ETF) and HPYM.TO (Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units) are both exchange-traded funds - CDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital, while HPYM.TO is a Government Bonds fund actively managed by Harvest. Both are actively managed. Over the past year, CDAY.NEO returned 36.81% vs 2.86% for HPYM.TO. At a 0.19 correlation, their price movements are largely independent. CDAY.NEO charges 0.85%/yr vs 0.45%/yr for HPYM.TO.
Performance
CDAY.NEO vs. HPYM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CDAY.NEO achieves a 19.03% return, which is significantly higher than HPYM.TO's -0.97% return.
CDAY.NEO
- 1D
- -0.11%
- 1M
- 2.25%
- 6M
- 14.95%
- YTD
- 19.03%
- 1Y
- 36.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HPYM.TO
- 1D
- 0.40%
- 1M
- -0.00%
- 6M
- -1.15%
- YTD
- -0.97%
- 1Y
- 2.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CDAY.NEO vs. HPYM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CDAY.NEO Hamilton Enhanced Canadian Equity DayMAX ETF | 19.03% | 13.23% |
HPYM.TO Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units | -0.97% | 3.47% |
Correlation
The correlation between CDAY.NEO and HPYM.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.19 |
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Return for Risk
CDAY.NEO vs. HPYM.TO — Risk / Return Rank
CDAY.NEO
HPYM.TO
CDAY.NEO vs. HPYM.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 Premium Yield 7-10 Year Treasury ETF - Class A Units (HPYM.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 | HPYM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.37 | ||
| Sortino ratioReturn per unit of downside risk | +3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.11 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 0.74 | +3.11 |
| Martin ratioReturn relative to average drawdown | 17.39 | 1.80 | +15.59 |
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Drawdowns
CDAY.NEO vs. HPYM.TO - Drawdown Comparison
The maximum CDAY.NEO drawdown since its inception was -9.65%, which is greater than HPYM.TO's maximum drawdown of -6.19%. Use the drawdown chart below to compare losses from any high point for CDAY.NEO and HPYM.TO.
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Drawdown Indicators
| CDAY.NEO | HPYM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.65% | -6.19% | -3.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -3.87% | -5.78% |
Current DrawdownCurrent decline from peak | -0.43% | -2.45% | +2.02% |
Average DrawdownAverage peak-to-trough decline | -1.22% | -1.96% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.59% | — |
Volatility
CDAY.NEO vs. HPYM.TO - Volatility Comparison
Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO) has a higher volatility of 2.53% compared to Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units (HPYM.TO) at 2.08%. This indicates that CDAY.NEO's price experiences larger fluctuations and is considered to be riskier than HPYM.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 | HPYM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 2.08% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 3.84% | +6.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 4.75% | +7.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.57% | 5.64% | +6.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.57% | 5.64% | +6.93% |
CDAY.NEO vs. HPYM.TO - Expense Ratio Comparison
CDAY.NEO has a 0.85% expense ratio, which is higher than HPYM.TO's 0.45% expense ratio.
Dividends
CDAY.NEO vs. HPYM.TO - Dividend Comparison
CDAY.NEO's dividend yield for the trailing twelve months is around 14.79%, more than HPYM.TO's 9.32% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CDAY.NEO Hamilton Enhanced Canadian Equity DayMAX ETF | 14.79% | 7.88% | 0.00% |
HPYM.TO Harvest Premium Yield 7-10 Year Treasury ETF - Class A Units | 9.32% | 9.01% | 8.07% |
Frequently Asked Questions
CDAY.NEO and HPYM.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HPYM.TO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HPYM.TO is cheaper with a 0.45% expense ratio, compared with 0.85% for CDAY.NEO.
CDAY.NEO is categorized as Derivative Income, while HPYM.TO is Government Bonds. They also come from different issuers: Hamilton Capital and Harvest. Their fees differ too: 0.85% for CDAY.NEO and 0.45% for HPYM.TO.
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