ECHI.TO vs. CDAY.NEO

Last updated Apr 1, 2026

Compare and contrast key facts about Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO) and Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO).

ECHI.TO and CDAY.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ECHI.TO is an actively managed fund by Ninepoint. It was launched on Aug 22, 2025. CDAY.NEO is an actively managed fund by Hamilton Capital. It was launched on Jul 14, 2025.

Performance

ECHI.TO vs. CDAY.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO) and Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	9.91%	20.01%
CDAY.NEO Hamilton Enhanced Canadian Equity DayMAX ETF	3.53%	10.05%

Returns By Period

In the year-to-date period, ECHI.TO achieves a 9.91% return, which is significantly higher than CDAY.NEO's 3.53% return.

ECHI.TO

• 1D: 2.64%
• 1M: 0.11%
• YTD: 9.91%
• 6M: 22.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CDAY.NEO

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

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

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

ECHI.TO has a 0.29% expense ratio, which is lower than CDAY.NEO's 0.85% expense ratio.

CDAY.NEO

Hamilton Enhanced Canadian Equity DayMAX ETF

ECHI.TO

Ninepoint Enhanced Canadian HighShares ETF

Return for Risk

ECHI.TO vs. CDAY.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO) and Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ECHI.TO	CDAY.NEO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.17	2.11	+1.06

Correlation

The correlation between ECHI.TO and CDAY.NEO is 0.65, 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

ECHI.TO vs. CDAY.NEO - Dividend Comparison

ECHI.TO's dividend yield for the trailing twelve months is around 8.71%, less than CDAY.NEO's 11.51% yield.

	TTM	2025
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	8.71%	5.27%
CDAY.NEO Hamilton Enhanced Canadian Equity DayMAX ETF	11.51%	7.87%

Drawdowns

ECHI.TO vs. CDAY.NEO - Drawdown Comparison

The maximum ECHI.TO drawdown since its inception was -6.84%, smaller than the maximum CDAY.NEO drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for ECHI.TO and CDAY.NEO.

Drawdown Indicators

	ECHI.TO	CDAY.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-6.84%	-9.61%	+2.77%
Current Drawdown Current decline from peak	-1.98%	-7.44%	+5.46%
Average Drawdown Average peak-to-trough decline	-1.40%	-1.19%	-0.21%

Volatility

Volatility by Period

	ECHI.TO	CDAY.NEO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	18.59%	13.26%	+5.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.59%	13.26%	+5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.59%	13.26%	+5.33%