HBTE.NEO vs. QDAY.NEO

Last updated Jun 4, 2026

HBTE.NEO (Harvest Bitcoin Leaders Enhanced Income ETF) and QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) are both exchange-traded funds - HBTE.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. A 0.53 correlation means they provide meaningful diversification when combined. HBTE.NEO charges 0.75%/yr vs 0.85%/yr for QDAY.NEO.

Performance

HBTE.NEO vs. QDAY.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Bitcoin Leaders Enhanced Income ETF (HBTE.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, HBTE.NEO achieves a 29.23% return, which is significantly lower than QDAY.NEO's 31.76% return.

HBTE.NEO

• 1D: -0.99%
• 1M: 11.29%
• YTD: 29.23%
• 6M: 10.47%
• 1Y: 68.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDAY.NEO

• 1D: 0.41%
• 1M: 18.94%
• YTD: 31.76%
• 6M: 28.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
HBTE.NEO Harvest Bitcoin Leaders Enhanced Income ETF	29.23%	0.10%
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	31.76%	14.84%

Correlation

The correlation between HBTE.NEO and QDAY.NEO is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.53

Return for Risk

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

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

HBTE.NEO

HBTE.NEO Risk / Return Rank: 27
HBTE.NEO Sharpe Ratio Rank: 28
HBTE.NEO Sortino Ratio Rank: 30
HBTE.NEO Omega Ratio Rank: 29
HBTE.NEO Calmar Ratio Rank: 26
HBTE.NEO Martin Ratio Rank: 20

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.

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

This table presents a comparison of risk-adjusted performance metrics for Harvest Bitcoin Leaders Enhanced Income ETF (HBTE.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.

	HBTE.NEO	QDAY.NEO	Difference
Sharpe ratio: Return per unit of total volatility	1.03	—	—
Sortino ratio: Return per unit of downside risk	1.67	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.23	—	—
Martin ratio: Return relative to average drawdown	2.40	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HBTE.NEO	QDAY.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.43	2.63	-1.20

Drawdowns

HBTE.NEO vs. QDAY.NEO - Drawdown Comparison

The maximum HBTE.NEO drawdown since its inception was -55.75%, 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 HBTE.NEO and QDAY.NEO.

Drawdown Indicators

	HBTE.NEO	QDAY.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-55.75%	-19.44%	-36.31%
Max Drawdown (1Y) Largest decline over 1 year	-55.75%	—	—
Current Drawdown Current decline from peak	-23.92%	0.00%	-23.92%
Average Drawdown Average peak-to-trough decline	-21.02%	-5.23%	-15.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.52%	—	—

Volatility

Volatility by Period

	HBTE.NEO	QDAY.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	50.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	66.86%	22.72%	+44.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.79%	22.72%	+44.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.79%	22.72%	+44.07%

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

HBTE.NEO has a 0.75% expense ratio, which is lower than QDAY.NEO's 0.85% expense ratio.

Dividends

HBTE.NEO vs. QDAY.NEO - Dividend Comparison

HBTE.NEO's dividend yield for the trailing twelve months is around 25.89%, more than QDAY.NEO's 13.90% yield.

Position	TTM	2025
HBTE.NEO Harvest Bitcoin Leaders Enhanced Income ETF	25.89%	18.40%
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	13.90%	8.78%

Frequently Asked Questions

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

HBTE.NEO and QDAY.NEO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, HBTE.NEO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

HBTE.NEO is cheaper with a 0.75% expense ratio, compared with 0.85% for QDAY.NEO.

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

HBTE.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: 0.75% for HBTE.NEO and 0.85% for QDAY.NEO.