FHI.TO vs. QDAY.NEO

Last updated Jul 1, 2026

FHI.TO (CI Health Care Giants Covered Call ETF) and QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.06, they often move in opposite directions.

Performance

FHI.TO vs. QDAY.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Health Care Giants Covered Call ETF (FHI.TO) and Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHI.TO achieves a 1.35% return, which is significantly lower than QDAY.NEO's 32.71% return.

FHI.TO

• 1D: -0.93%
• 1M: 4.19%
• YTD: 1.35%
• 6M: 1.26%
• 1Y: 11.83%
• 3Y*: 5.07%
• 5Y*: 5.58%
• 10Y*: —

QDAY.NEO

• 1D: 1.88%
• 1M: 2.47%
• YTD: 32.71%
• 6M: 31.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FHI.TO vs. QDAY.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
FHI.TO CI Health Care Giants Covered Call ETF	1.35%	10.24%
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	32.71%	14.84%

Correlation

The correlation between FHI.TO and QDAY.NEO is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025	-0.06

Return for Risk

FHI.TO vs. QDAY.NEO — Risk / Return Rank

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

FHI.TO

FHI.TO Risk / Return Rank: 27
FHI.TO Sharpe Ratio Rank: 27
FHI.TO Sortino Ratio Rank: 29
FHI.TO Omega Ratio Rank: 26
FHI.TO Calmar Ratio Rank: 30
FHI.TO Martin Ratio Rank: 25

QDAY.NEO

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

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.

FHI.TO vs. QDAY.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Health Care Giants Covered Call ETF (FHI.TO) and Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.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.

	FHI.TO	QDAY.NEO	Difference
Sharpe ratio: Return per unit of total volatility	0.89	—	—
Sortino ratio: Return per unit of downside risk	1.42	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.34	—	—
Martin ratio: Return relative to average drawdown	3.06	—	—

Drawdowns

FHI.TO vs. QDAY.NEO - Drawdown Comparison

The maximum FHI.TO drawdown since its inception was -29.85%, which is greater than QDAY.NEO's maximum drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for FHI.TO and QDAY.NEO.

Drawdown Indicators

	FHI.TO	QDAY.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-29.85%	-19.44%	-10.41%
Max Drawdown (1Y) Largest decline over 1 year	-8.87%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.43%	—	—
Current Drawdown Current decline from peak	-2.98%	0.00%	-2.98%
Average Drawdown Average peak-to-trough decline	-4.46%	-5.10%	+0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.87%	—	—

Volatility

Volatility by Period

	FHI.TO	QDAY.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.41%	24.91%	-11.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.14%	24.91%	-10.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.52%	24.91%	-8.39%

Dividends

FHI.TO vs. QDAY.NEO - Dividend Comparison

FHI.TO's dividend yield for the trailing twelve months is around 7.02%, less than QDAY.NEO's 15.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FHI.TO CI Health Care Giants Covered Call ETF	7.02%	7.14%	7.84%	5.80%	5.98%	7.38%	9.69%	5.42%	2.42%
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	15.51%	8.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FHI.TO and QDAY.NEO in my portfolio?

FHI.TO and QDAY.NEO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between FHI.TO and QDAY.NEO?

They also come from different issuers: CI and Hamilton Capital.