CDAY.NEO vs. SMVP.TO
CDAY.NEO (Hamilton Enhanced Canadian Equity DayMAX ETF) and SMVP.TO (HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged)) are both exchange-traded funds - CDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital, while SMVP.TO is a Large Cap Blend Equities fund tracking the Solactive United States Dividend Elite Champions Index. CDAY.NEO is actively managed, while SMVP.TO is passively managed. Over the past year, CDAY.NEO returned 36.81% vs 14.26% for SMVP.TO. At a 0.41 correlation, their price movements are largely independent. CDAY.NEO charges 0.85%/yr vs 0.00%/yr for SMVP.TO.
Performance
CDAY.NEO vs. SMVP.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 SMVP.TO's 11.21% return.
CDAY.NEO
- 1D
- -0.11%
- 1M
- 2.25%
- 6M
- 14.95%
- YTD
- 19.03%
- 1Y
- 36.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMVP.TO
- 1D
- 0.06%
- 1M
- 2.79%
- 6M
- 6.42%
- YTD
- 11.21%
- 1Y
- 14.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CDAY.NEO vs. SMVP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CDAY.NEO Hamilton Enhanced Canadian Equity DayMAX ETF | 19.03% | 13.23% |
SMVP.TO HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) | 11.21% | 1.60% |
Correlation
The correlation between CDAY.NEO and SMVP.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.41 |
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Return for Risk
CDAY.NEO vs. SMVP.TO — Risk / Return Rank
CDAY.NEO
SMVP.TO
CDAY.NEO vs. SMVP.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 CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) (SMVP.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 | SMVP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.23 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 2.02 | +1.83 |
| Martin ratioReturn relative to average drawdown | 17.39 | 4.63 | +12.76 |
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Drawdowns
CDAY.NEO vs. SMVP.TO - Drawdown Comparison
The maximum CDAY.NEO drawdown since its inception was -9.65%, smaller than the maximum SMVP.TO drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for CDAY.NEO and SMVP.TO.
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Drawdown Indicators
| CDAY.NEO | SMVP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.65% | -12.11% | +2.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -6.44% | -3.21% |
Current DrawdownCurrent decline from peak | -0.43% | -1.22% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -1.22% | -2.58% | +1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.81% | — |
Volatility
CDAY.NEO vs. SMVP.TO - Volatility Comparison
The current volatility for Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO) is 2.53%, while HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) (SMVP.TO) has a volatility of 4.22%. This indicates that CDAY.NEO experiences smaller price fluctuations and is considered to be less risky than SMVP.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 | SMVP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 4.22% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 8.01% | +2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 10.26% | +2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.57% | 13.21% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.57% | 13.21% | -0.64% |
CDAY.NEO vs. SMVP.TO - Expense Ratio Comparison
CDAY.NEO has a 0.85% expense ratio, which is higher than SMVP.TO's 0.00% expense ratio.
Dividends
CDAY.NEO vs. SMVP.TO - Dividend Comparison
CDAY.NEO's dividend yield for the trailing twelve months is around 14.79%, more than SMVP.TO's 2.16% yield.
| Position | TTM | 2025 |
|---|---|---|
CDAY.NEO Hamilton Enhanced Canadian Equity DayMAX ETF | 14.79% | 7.88% |
SMVP.TO HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) | 2.16% | 1.93% |
Frequently Asked Questions
CDAY.NEO and SMVP.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMVP.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMVP.TO is cheaper with a 0.00% expense ratio, compared with 0.85% for CDAY.NEO.
CDAY.NEO is categorized as Derivative Income, while SMVP.TO is Large Cap Blend Equities. Their fees differ too: 0.85% for CDAY.NEO and 0.00% for SMVP.TO.
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