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CDAY.NEO vs. VOO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

CDAY.NEO vs. VOO

Last updated Apr 1, 2026

Compare and contrast key facts about Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO) and Vanguard S&P 500 ETF (VOO).

CDAY.NEO and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.

Performance

CDAY.NEO vs. VOO - 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 Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

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CDAY.NEO vs. VOO - Yearly Performance Comparison

2026 (YTD)2025
CDAY.NEO
Hamilton Enhanced Canadian Equity DayMAX ETF		3.53%14.92%
VOO
Vanguard S&P 500 ETF		-3.12%10.29%
Different Trading Currencies

CDAY.NEO is traded in CAD, while VOO is traded in USD. To make them comparable, the VOO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CDAY.NEO achieves a 3.53% return, which is significantly higher than VOO's -5.73% return.

CDAY.NEO

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

VOO

1D
0.00%
1M
-5.74%
YTD
-5.73%
6M
-4.57%
1Y
10.68%
3Y*
18.32%
5Y*
13.46%
10Y*
14.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Hamilton Enhanced Canadian Equity DayMAX ETF

Vanguard S&P 500 ETF

Often compared with CDAY.NEO:
CDAY.NEO vs. HDIV.TOCDAY.NEO vs. QDAY.NEOCDAY.NEO vs. CANY.TOCDAY.NEO vs. SDAY.NEOCDAY.NEO vs. HCAL.TOCDAY.NEO vs. BANK.TOCDAY.NEO vs. ZEB.TO
Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. SPYVOO vs. FXAIXVOO vs. IVV

CDAY.NEO vs. VOO - Expense Ratio Comparison

CDAY.NEO has a 0.85% expense ratio, which is higher than VOO's 0.03% expense ratio.

CDAY.NEO
Hamilton Enhanced Canadian Equity DayMAX ETF
VOO
Vanguard S&P 500 ETF

Return for Risk

CDAY.NEO vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CDAY.NEO
VOO
VOO Risk / Return Rank: 6565
Overall Rank
VOO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 6262
Sortino Ratio Rank
VOO Omega Ratio Rank: 6666
Omega Ratio Rank
VOO Calmar Ratio Rank: 6565
Calmar Ratio Rank
VOO Martin Ratio Rank: 7575
Martin Ratio Rank
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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO) and Vanguard S&P 500 ETF (VOO). 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.

CDAY.NEO vs. VOO - Sharpe Ratio Comparison

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Sharpe Ratios by Period

CDAY.NEOVOODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

0.61

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.91

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.89

—

Sharpe Ratio (All Time)

Calculated using the full available price history

2.11

1.08

+1.03

Correlation

The correlation between CDAY.NEO and VOO is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CDAY.NEO vs. VOO - Dividend Comparison

CDAY.NEO's dividend yield for the trailing twelve months is around 11.51%, more than VOO's 1.19% yield.

TTM20252024202320222021202020192018201720162015
CDAY.NEO
Hamilton Enhanced Canadian Equity DayMAX ETF		11.51%7.87%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VOO
Vanguard S&P 500 ETF		1.19%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%

Drawdowns

CDAY.NEO vs. VOO - Drawdown Comparison

The maximum CDAY.NEO drawdown since its inception was -9.61%, smaller than the maximum VOO drawdown of -27.65%. Use the drawdown chart below to compare losses from any high point for CDAY.NEO and VOO.

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Drawdown Indicators

CDAY.NEOVOODifference

Max Drawdown

Largest peak-to-trough decline

-9.61%

-33.99%

+24.38%

Max Drawdown (1Y)

Largest decline over 1 year

—

-11.98%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-24.52%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.99%

—

Current Drawdown

Current decline from peak

-7.44%

-6.29%

-1.15%

Average Drawdown

Average peak-to-trough decline

-1.19%

-3.72%

+2.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.52%

—

Volatility

CDAY.NEO vs. VOO - Volatility Comparison

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Volatility by Period

CDAY.NEOVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

—

4.28%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

9.14%

—

Volatility (1Y)

Calculated over the trailing 1-year period

13.26%

17.76%

-4.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.26%

14.87%

-1.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.26%

16.26%

-3.00%