HBIX.NEO vs. QDAY.NEO

Last updated Jun 13, 2026

HBIX.NEO (Harvest Bitcoin Enhanced Income ETF) and QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) are both exchange-traded funds - HBIX.NEO is a Leveraged Cryptocurrency fund actively managed by Harvest, while QDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. HBIX.NEO charges 0.65%/yr vs 0.85%/yr for QDAY.NEO.

Performance

HBIX.NEO vs. QDAY.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) 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, HBIX.NEO achieves a -30.77% return, which is significantly lower than QDAY.NEO's 26.01% return.

HBIX.NEO

• 1D: 3.78%
• 1M: -21.97%
• YTD: -30.77%
• 6M: -32.37%
• 1Y: -42.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDAY.NEO

• 1D: 1.20%
• 1M: 3.71%
• YTD: 26.01%
• 6M: 26.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HBIX.NEO vs. QDAY.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
HBIX.NEO Harvest Bitcoin Enhanced Income ETF	-30.77%	-26.87%
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	26.01%	14.84%

Correlation

The correlation between HBIX.NEO and QDAY.NEO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025	0.44

Return for Risk

HBIX.NEO vs. QDAY.NEO — Risk / Return Rank

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

HBIX.NEO

HBIX.NEO Risk / Return Rank: 3
HBIX.NEO Sharpe Ratio Rank: 3
HBIX.NEO Sortino Ratio Rank: 3
HBIX.NEO Omega Ratio Rank: 3
HBIX.NEO Calmar Ratio Rank: 3
HBIX.NEO Martin Ratio Rank: 3

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.

HBIX.NEO vs. QDAY.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) 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.

	HBIX.NEO	QDAY.NEO	Difference
Sharpe ratio: Return per unit of total volatility	-0.84	—	—
Sortino ratio: Return per unit of downside risk	-1.14	—	—
Omega ratio: Gain probability vs. loss probability	0.87	—	—
Calmar ratio: Return relative to maximum drawdown	-0.77	—	—
Martin ratio: Return relative to average drawdown	-1.33	—	—

Drawdowns

HBIX.NEO vs. QDAY.NEO - Drawdown Comparison

The maximum HBIX.NEO drawdown since its inception was -57.09%, 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 HBIX.NEO and QDAY.NEO.

Drawdown Indicators

	HBIX.NEO	QDAY.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-57.09%	-19.44%	-37.65%
Max Drawdown (1Y) Largest decline over 1 year	-57.09%	—	—
Current Drawdown Current decline from peak	-54.15%	-4.21%	-49.94%
Average Drawdown Average peak-to-trough decline	-24.75%	-5.25%	-19.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.88%	—	—

Volatility

Volatility by Period

	HBIX.NEO	QDAY.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	41.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	52.20%	24.16%	+28.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.19%	24.16%	+27.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.19%	24.16%	+27.03%

HBIX.NEO vs. QDAY.NEO - Expense Ratio Comparison

HBIX.NEO has a 0.65% expense ratio, which is lower than QDAY.NEO's 0.85% expense ratio.

Dividends

HBIX.NEO vs. QDAY.NEO - Dividend Comparison

HBIX.NEO's dividend yield for the trailing twelve months is around 45.75%, more than QDAY.NEO's 14.53% yield.

Position	TTM	2025
HBIX.NEO Harvest Bitcoin Enhanced Income ETF	45.75%	20.21%
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	14.53%	8.78%

Frequently Asked Questions

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

HBIX.NEO and QDAY.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.

Which ETF is better, HBIX.NEO or QDAY.NEO?

On fees, HBIX.NEO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HBIX.NEO or QDAY.NEO?

HBIX.NEO is cheaper with a 0.65% expense ratio, compared with 0.85% for QDAY.NEO.

What is the main difference between HBIX.NEO and QDAY.NEO?

HBIX.NEO is categorized as Leveraged Cryptocurrency, while QDAY.NEO is Derivative Income. They also come from different issuers: Harvest and Hamilton Capital. Their fees differ too: 0.65% for HBIX.NEO and 0.85% for QDAY.NEO.