CWIN.TO vs. SDAY.NEO
CWIN.TO (HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units) and SDAY.NEO (Hamilton Enhanced U.S. Equity DayMAX™ ETF) are both exchange-traded funds - CWIN.TO is a Dividend fund tracking the Solactive Canada Dividend Elite Champions Index, while SDAY.NEO is a Derivative Income fund actively managed by Hamilton. CWIN.TO is passively managed, while SDAY.NEO is actively managed. Over the past year, CWIN.TO returned 40.70% vs 22.33% for SDAY.NEO. Their 0.44 correlation means their historical movements had little consistent relationship. CWIN.TO charges 0.65%/yr vs 0.85%/yr for SDAY.NEO.
Performance
CWIN.TO vs. SDAY.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, CWIN.TO achieves a 21.87% return, which is significantly higher than SDAY.NEO's 16.75% return.
CWIN.TO
- 1D
- -0.33%
- 1M
- 1.25%
- 6M
- 19.54%
- YTD
- 21.87%
- 1Y
- 40.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 31.82%
SDAY.NEO
- 1D
- 0.28%
- 1M
- -2.34%
- 6M
- 10.45%
- YTD
- 16.75%
- 1Y
- 22.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$14.83K | CA$14.75K | CA$24.96K | |
| CA$63.52K | CA$28.87K | CA$10.08K |
CWIN.TO vs. SDAY.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units | 21.87% | 14.54% |
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF | 16.75% | 4.49% |
Correlation
The correlation between CWIN.TO and SDAY.NEO is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | 0.44 |
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Return for Risk
CWIN.TO vs. SDAY.NEO — Risk / Return Rank
CWIN.TO
SDAY.NEO
CWIN.TO vs. SDAY.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) and Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO). 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.
| CWIN.TO | SDAY.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.30 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 5.42 | 2.70 | +2.72 |
| Martin ratioReturn relative to average drawdown | 20.02 | 8.42 | +11.60 |
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Drawdowns
CWIN.TO vs. SDAY.NEO - Drawdown Comparison
The maximum CWIN.TO drawdown since its inception was -10.87%, which is greater than SDAY.NEO's maximum drawdown of -7.75%. Use the drawdown chart below to compare losses from any high point for CWIN.TO and SDAY.NEO.
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Drawdown Indicators
| CWIN.TO | SDAY.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.87% | -7.75% | -3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -7.75% | +0.60% |
Current DrawdownCurrent decline from peak | -2.14% | -2.45% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -1.77% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.48% | -0.55% |
Volatility
CWIN.TO vs. SDAY.NEO - Volatility Comparison
The current volatility for HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) is 2.60%, while Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO) has a volatility of 5.18%. This indicates that CWIN.TO experiences smaller price fluctuations and is considered to be less risky than SDAY.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWIN.TO | SDAY.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 5.18% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 9.60% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.53% | 12.48% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.63% | 12.35% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.63% | 12.35% | +1.28% |
CWIN.TO vs. SDAY.NEO - Expense Ratio Comparison
CWIN.TO has a 0.65% expense ratio, which is lower than SDAY.NEO's 0.85% expense ratio.
Dividends
CWIN.TO vs. SDAY.NEO - Dividend Comparison
CWIN.TO's dividend yield for the trailing twelve months is around 3.13%, less than SDAY.NEO's 17.99% yield.
| Position | TTM | 2025 |
|---|---|---|
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units | 3.13% | 3.21% |
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF | 17.99% | 8.62% |
Frequently Asked Questions
CWIN.TO and SDAY.NEO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CWIN.TO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CWIN.TO is cheaper with a 0.65% expense ratio, compared with 0.85% for SDAY.NEO.
CWIN.TO is categorized as Dividend, while SDAY.NEO is Derivative Income. Their fees differ too: 0.65% for CWIN.TO and 0.85% for SDAY.NEO.
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