CDAY.NEO vs. JEPQ.TO

Last updated Jul 16, 2026

CDAY.NEO (Hamilton Enhanced Canadian Equity DayMAX ETF) and JEPQ.TO (JPMorgan Nasdaq Equity Premium Income Active ETF) are both exchange-traded funds - CDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital, while JEPQ.TO is a Nasdaq-100 fund actively managed by JPMorgan. Both are actively managed. Over the past year, CDAY.NEO returned 36.81% vs 26.30% for JEPQ.TO. At a 0.32 correlation, their price movements are largely independent. CDAY.NEO charges 0.85%/yr vs 0.35%/yr for JEPQ.TO.

Performance

CDAY.NEO vs. JEPQ.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 JPMorgan Nasdaq Equity Premium Income Active ETF (JEPQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDAY.NEO achieves a 19.03% return, which is significantly higher than JEPQ.TO's 12.15% return.

CDAY.NEO

• 1D: -0.11%
• 1M: 2.25%
• 6M: 14.95%
• YTD: 19.03%
• 1Y: 36.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ.TO

• 1D: -0.31%
• 1M: -0.71%
• 6M: 9.78%
• YTD: 12.15%
• 1Y: 26.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
CDAY.NEO Hamilton Enhanced Canadian Equity DayMAX ETF	19.03%	13.23%
JEPQ.TO JPMorgan Nasdaq Equity Premium Income Active ETF	12.15%	13.06%

Correlation

The correlation between CDAY.NEO and JEPQ.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.32

CDAY.NEO vs. JEPQ.TO - Sectors Allocation Comparison

Sectors	CDAY.NEO	JEPQ.TO
Financial Services	31.5%	0.3%
Industrials	14.0%	2.8%
Basic Materials	13.1%	0.9%
Energy	8.7%	0.3%
Consumer Cyclical	8.4%	11.8%
Communication Services	7.8%	13.9%
Technology	6.9%	58.9%
Consumer Defensive	3.9%	6.0%
Utilities	3.7%	1.1%
Healthcare	1.6%	3.9%
Real Estate	0.4%	0.2%

Return for Risk

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

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

CDAY.NEO

CDAY.NEO Risk / Return Rank: 92
CDAY.NEO Sharpe Ratio Rank: 95
CDAY.NEO Sortino Ratio Rank: 94
CDAY.NEO Omega Ratio Rank: 94
CDAY.NEO Calmar Ratio Rank: 86
CDAY.NEO Martin Ratio Rank: 92

JEPQ.TO

JEPQ.TO Risk / Return Rank: 73
JEPQ.TO Sharpe Ratio Rank: 68
JEPQ.TO Sortino Ratio Rank: 66
JEPQ.TO Omega Ratio Rank: 71
JEPQ.TO Calmar Ratio Rank: 81
JEPQ.TO Martin Ratio Rank: 81

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. JEPQ.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 JPMorgan Nasdaq Equity Premium Income Active ETF (JEPQ.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	JEPQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.98	1.79	+1.19
Sortino ratio: Return per unit of downside risk	3.92	2.44	+1.49
Omega ratio: Gain probability vs. loss probability	1.55	1.33	+0.22
Calmar ratio: Return relative to maximum drawdown	3.85	3.41	+0.44
Martin ratio: Return relative to average drawdown	17.39	12.46	+4.93

CDAY.NEO vs. JEPQ.TO - Sharpe Ratio Comparison

The current CDAY.NEO Sharpe Ratio is 2.98, which is higher than the JEPQ.TO Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of CDAY.NEO and JEPQ.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CDAY.NEO vs. JEPQ.TO - Drawdown Comparison

The maximum CDAY.NEO drawdown since its inception was -9.65%, smaller than the maximum JEPQ.TO drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for CDAY.NEO and JEPQ.TO.

Drawdown Indicators

	CDAY.NEO	JEPQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-9.65%	-20.05%	+10.40%
Max Drawdown (1Y) Largest decline over 1 year	-9.65%	-7.74%	-1.91%
Current Drawdown Current decline from peak	-0.43%	-3.04%	+2.61%
Average Drawdown Average peak-to-trough decline	-1.22%	-3.30%	+2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.12%	—

Volatility

CDAY.NEO vs. JEPQ.TO - Volatility Comparison

The current volatility for Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO) is 2.53%, while JPMorgan Nasdaq Equity Premium Income Active ETF (JEPQ.TO) has a volatility of 6.06%. This indicates that CDAY.NEO experiences smaller price fluctuations and is considered to be less risky than JEPQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDAY.NEO	JEPQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	6.06%	-3.53%
Volatility (6M) Calculated over the trailing 6-month period	10.60%	12.25%	-1.65%
Volatility (1Y) Calculated over the trailing 1-year period	12.57%	14.80%	-2.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.57%	17.77%	-5.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.57%	17.77%	-5.20%

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

CDAY.NEO has a 0.85% expense ratio, which is higher than JEPQ.TO's 0.35% expense ratio.

Dividends

CDAY.NEO vs. JEPQ.TO - Dividend Comparison

CDAY.NEO's dividend yield for the trailing twelve months is around 14.79%, more than JEPQ.TO's 9.79% yield.

Position	TTM	2025	2024
CDAY.NEO Hamilton Enhanced Canadian Equity DayMAX ETF	14.79%	7.88%	0.00%
JEPQ.TO JPMorgan Nasdaq Equity Premium Income Active ETF	9.79%	10.34%	1.72%

Frequently Asked Questions

Can I hold both CDAY.NEO and JEPQ.TO in my portfolio?

CDAY.NEO and JEPQ.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CDAY.NEO or JEPQ.TO?

On fees, JEPQ.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CDAY.NEO or JEPQ.TO?

JEPQ.TO is cheaper with a 0.35% expense ratio, compared with 0.85% for CDAY.NEO.

What is the main difference between CDAY.NEO and JEPQ.TO?

CDAY.NEO is categorized as Derivative Income, while JEPQ.TO is Nasdaq-100. They also come from different issuers: Hamilton Capital and JPMorgan. Their fees differ too: 0.85% for CDAY.NEO and 0.35% for JEPQ.TO.