NXF.TO vs. QDAY.NEO
NXF.TO (CI Energy Giants Covered Call ETF Common Units (CAD Hedged)) and QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) are both exchange-traded funds - NXF.TO is a Energy Equities fund actively managed by CI, while QDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital. Both are actively managed. Over the past year, NXF.TO returned 30.75% vs 38.21% for QDAY.NEO. At a correlation of -0.19, they often move in opposite directions.
Performance
NXF.TO vs. QDAY.NEO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with NXF.TO having a 23.81% return and QDAY.NEO slightly lower at 23.56%.
NXF.TO
- 1D
- -0.16%
- 1M
- 0.95%
- 6M
- 19.19%
- YTD
- 23.81%
- 1Y
- 30.75%
- 3Y*
- 12.21%
- 5Y*
- 18.16%
- 10Y*
- 6.76%
QDAY.NEO
- 1D
- -1.89%
- 1M
- -2.49%
- 6M
- 19.69%
- YTD
- 23.56%
- 1Y
- 38.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NXF.TO vs. QDAY.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NXF.TO CI Energy Giants Covered Call ETF Common Units (CAD Hedged) | 23.81% | 2.34% |
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 23.56% | 14.84% |
Correlation
The correlation between NXF.TO and QDAY.NEO is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | -0.19 |
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Return for Risk
NXF.TO vs. QDAY.NEO — Risk / Return Rank
NXF.TO
QDAY.NEO
NXF.TO vs. QDAY.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.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.
| NXF.TO | QDAY.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.99 | -0.24 |
| Martin ratioReturn relative to average drawdown | 5.61 | 5.45 | +0.16 |
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Drawdowns
NXF.TO vs. QDAY.NEO - Drawdown Comparison
The maximum NXF.TO drawdown since its inception was -65.25%, 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 NXF.TO and QDAY.NEO.
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Drawdown Indicators
| NXF.TO | QDAY.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.25% | -19.44% | -45.81% |
Max Drawdown (1Y)Largest decline over 1 year | -17.57% | -19.44% | +1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -24.32% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -65.25% | — | — |
Current DrawdownCurrent decline from peak | -11.19% | -6.97% | -4.22% |
Average DrawdownAverage peak-to-trough decline | -15.97% | -5.04% | -10.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 7.07% | -1.57% |
Volatility
NXF.TO vs. QDAY.NEO - Volatility Comparison
The current volatility for CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) is 7.06%, while Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) has a volatility of 9.79%. This indicates that NXF.TO experiences smaller price fluctuations and is considered to be less risky than QDAY.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXF.TO | QDAY.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.06% | 9.79% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 16.50% | 20.47% | -3.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.06% | 25.41% | -5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.39% | 25.28% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.06% | 25.28% | +0.78% |
Dividends
NXF.TO vs. QDAY.NEO - Dividend Comparison
NXF.TO's dividend yield for the trailing twelve months is around 8.27%, less than QDAY.NEO's 17.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NXF.TO CI Energy Giants Covered Call ETF Common Units (CAD Hedged) | 8.27% | 7.70% | 8.50% | 8.60% | 11.22% | 9.46% | 11.24% | 7.83% | 9.39% | 6.49% | 8.24% | 8.21% |
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 17.60% | 8.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NXF.TO and QDAY.NEO have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXF.TO is categorized as Energy Equities, while QDAY.NEO is Derivative Income. They also come from different issuers: CI and Hamilton Capital.
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