NEO.TO vs. HDIV.TO
NEO.TO (Neo Performance Materials Inc.) is a stock, while HDIV.TO (Hamilton Enhanced Canadian Covered Call ETF) is Derivative Income fund actively managed by Hamilton ETFs. Over the past 3 years, NEO.TO returned 67.10%/yr vs 27.58%/yr for HDIV.TO. At a 0.43 correlation, their price movements are largely independent.
Performance
NEO.TO vs. HDIV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, NEO.TO achieves a 121.43% return, which is significantly higher than HDIV.TO's 16.21% return.
NEO.TO
- 1D
- -3.95%
- 1M
- 25.04%
- YTD
- 121.43%
- 6M
- 105.18%
- 1Y
- 267.08%
- 3Y*
- 67.10%
- 5Y*
- 18.62%
- 10Y*
- —
HDIV.TO
- 1D
- -0.26%
- 1M
- 6.14%
- YTD
- 16.21%
- 6M
- 17.63%
- 1Y
- 45.50%
- 3Y*
- 27.58%
- 5Y*
- —
- 10Y*
- —
NEO.TO vs. HDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NEO.TO Neo Performance Materials Inc. | 121.43% | 101.35% | 10.42% | -16.66% | -51.09% | 32.60% |
HDIV.TO Hamilton Enhanced Canadian Covered Call ETF | 16.21% | 33.87% | 23.15% | 13.91% | -2.52% | 12.70% |
Correlation
The correlation between NEO.TO and HDIV.TO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2021 | 0.43 |
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Return for Risk
NEO.TO vs. HDIV.TO — Risk / Return Rank
NEO.TO
HDIV.TO
NEO.TO vs. HDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neo Performance Materials Inc. (NEO.TO) and Hamilton Enhanced Canadian Covered Call ETF (HDIV.TO). 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.
| NEO.TO | HDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.68 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 8.19 | 5.24 | +2.96 |
| Martin ratioReturn relative to average drawdown | 17.10 | 25.39 | -8.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NEO.TO | HDIV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.22 | 3.67 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 1.26 | -1.03 |
Drawdowns
NEO.TO vs. HDIV.TO - Drawdown Comparison
The maximum NEO.TO drawdown since its inception was -72.44%, which is greater than HDIV.TO's maximum drawdown of -22.32%. Use the drawdown chart below to compare losses from any high point for NEO.TO and HDIV.TO.
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Drawdown Indicators
| NEO.TO | HDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.44% | -22.32% | -50.12% |
Max Drawdown (1Y)Largest decline over 1 year | -32.83% | -8.73% | -24.10% |
Max Drawdown (3Y)Largest decline over 3 years | -37.56% | -14.58% | -22.98% |
Max Drawdown (5Y)Largest decline over 5 years | -72.44% | — | — |
Current DrawdownCurrent decline from peak | -3.95% | -0.63% | -3.32% |
Average DrawdownAverage peak-to-trough decline | -34.85% | -4.22% | -30.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.70% | 1.80% | +13.90% |
Volatility
NEO.TO vs. HDIV.TO - Volatility Comparison
Neo Performance Materials Inc. (NEO.TO) has a higher volatility of 23.09% compared to Hamilton Enhanced Canadian Covered Call ETF (HDIV.TO) at 3.80%. This indicates that NEO.TO's price experiences larger fluctuations and is considered to be riskier than HDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEO.TO | HDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.09% | 3.80% | +19.29% |
Volatility (6M)Calculated over the trailing 6-month period | 43.40% | 10.29% | +33.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.72% | 12.47% | +51.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.33% | 15.63% | +37.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.32% | 15.63% | +36.69% |
Dividends
NEO.TO vs. HDIV.TO - Dividend Comparison
NEO.TO's dividend yield for the trailing twelve months is around 1.17%, less than HDIV.TO's 9.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HDIV.TO Hamilton Enhanced Canadian Covered Call ETF | 9.33% | 10.09% | 11.38% | 10.41% | 9.64% | 3.39% | 0.00% | 0.00% | 0.00% |
NEO.TO Neo Performance Materials Inc. | 1.17% | 2.57% | 5.01% | 5.24% | 4.17% | 1.97% | 2.90% | 4.01% | 2.47% |
Frequently Asked Questions
NEO.TO and HDIV.TO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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