QDAY.NEO vs. CBNK.TO
QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) and CBNK.TO (Mulvihill Canadian Bank Enhanced Yield ETF) are both Derivative Income funds. Both are actively managed. Over the past year, QDAY.NEO returned 48.25% vs 96.67% for CBNK.TO. At a 0.32 correlation, their price movements are largely independent.
Performance
QDAY.NEO vs. CBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QDAY.NEO achieves a 29.09% return, which is significantly lower than CBNK.TO's 47.03% return.
QDAY.NEO
- 1D
- 0.87%
- 1M
- 2.70%
- 6M
- 24.69%
- YTD
- 29.09%
- 1Y
- 48.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBNK.TO
- 1D
- 0.72%
- 1M
- 9.86%
- 6M
- 41.66%
- YTD
- 47.03%
- 1Y
- 96.67%
- 3Y*
- 44.05%
- 5Y*
- —
- 10Y*
- —
QDAY.NEO vs. CBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 29.09% | 14.84% |
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 47.03% | 33.91% |
Correlation
The correlation between QDAY.NEO and CBNK.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | 0.32 |
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Return for Risk
QDAY.NEO vs. CBNK.TO — Risk / Return Rank
QDAY.NEO
CBNK.TO
QDAY.NEO vs. CBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.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.
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.
| QDAY.NEO | CBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.91 | ||
| Sortino ratioReturn per unit of downside risk | -4.94 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.96 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 9.69 | -7.17 |
| Martin ratioReturn relative to average drawdown | 6.91 | 41.71 | -34.80 |
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Drawdowns
QDAY.NEO vs. CBNK.TO - Drawdown Comparison
The maximum QDAY.NEO drawdown since its inception was -19.44%, smaller than the maximum CBNK.TO drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for QDAY.NEO and CBNK.TO.
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Drawdown Indicators
| QDAY.NEO | CBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.44% | -32.12% | +12.68% |
Max Drawdown (1Y)Largest decline over 1 year | -19.44% | -10.03% | -9.41% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.92% | — |
Current DrawdownCurrent decline from peak | -2.80% | 0.00% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -10.64% | +5.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.33% | — |
Volatility
QDAY.NEO vs. CBNK.TO - Volatility Comparison
Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) has a higher volatility of 10.39% compared to Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) at 6.16%. This indicates that QDAY.NEO's price experiences larger fluctuations and is considered to be riskier than CBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDAY.NEO | CBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.39% | 6.16% | +4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 20.33% | 14.36% | +5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.26% | 16.62% | +8.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.26% | 17.64% | +7.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.26% | 17.64% | +7.62% |
Dividends
QDAY.NEO vs. CBNK.TO - Dividend Comparison
QDAY.NEO's dividend yield for the trailing twelve months is around 15.94%, more than CBNK.TO's 5.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 5.30% | 5.86% | 8.25% | 9.59% | 7.85% |
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 15.94% | 8.78% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QDAY.NEO and CBNK.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Hamilton Capital and Mulvihill.
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