QDAY.NEO vs. CNQE.TO
QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) and CNQE.TO (Harvest CNQ Enhanced High Income Shares ETF) are both Derivative Income funds. Both are actively managed. Their -0.21 correlation means they have often moved in opposite directions in the past. QDAY.NEO charges 0.85%/yr vs 0.40%/yr for CNQE.TO.
Performance
QDAY.NEO vs. CNQE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QDAY.NEO achieves a 30.22% return, which is significantly lower than CNQE.TO's 37.43% return.
QDAY.NEO
- 1D
- 6.39%
- 1M
- 2.14%
- 6M
- 31.70%
- YTD
- 30.22%
- 1Y
- 47.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 46.34%
CNQE.TO
- 1D
- -2.53%
- 1M
- 16.65%
- 6M
- 25.78%
- YTD
- 37.43%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$43.38K | CA$100.51K | CA$119.01K | |
| CA$429.00K | CA$183.86K | CA$63.29K |
QDAY.NEO vs. CNQE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 30.22% | 10.69% |
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF | 37.43% | 15.75% |
Correlation
The correlation between QDAY.NEO and CNQE.TO is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 21, 2025 | -0.21 |
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Return for Risk
QDAY.NEO vs. CNQE.TO — Risk / Return Rank
QDAY.NEO
CNQE.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QDAY.NEO vs. CNQE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and Harvest CNQ Enhanced High Income Shares ETF (CNQE.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 | CNQE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | — | — |
| Martin ratioReturn relative to average drawdown | 6.57 | — | — |
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Drawdowns
QDAY.NEO vs. CNQE.TO - Drawdown Comparison
The maximum QDAY.NEO drawdown since its inception was -19.44%, smaller than the maximum CNQE.TO drawdown of -22.31%. Use the drawdown chart below to compare losses from any high point for QDAY.NEO and CNQE.TO.
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Drawdown Indicators
| QDAY.NEO | CNQE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.44% | -22.31% | +2.87% |
Max Drawdown (1Y)Largest decline over 1 year | -19.44% | — | — |
Current DrawdownCurrent decline from peak | -1.96% | -7.38% | +5.42% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -5.82% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.27% | — | — |
Volatility
QDAY.NEO vs. CNQE.TO - Volatility Comparison
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Volatility by Period
| QDAY.NEO | CNQE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.38% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 21.71% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.57% | 33.85% | -7.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.18% | 33.85% | -7.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.18% | 33.85% | -7.67% |
QDAY.NEO vs. CNQE.TO - Expense Ratio Comparison
QDAY.NEO has a 0.85% expense ratio, which is higher than CNQE.TO's 0.40% expense ratio.
Dividends
QDAY.NEO vs. CNQE.TO - Dividend Comparison
QDAY.NEO's dividend yield for the trailing twelve months is around 16.94%, more than CNQE.TO's 12.91% yield.
| Position | TTM | 2025 |
|---|---|---|
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF | 12.91% | 4.42% |
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 16.94% | 8.78% |
Frequently Asked Questions
QDAY.NEO and CNQE.TO have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNQE.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNQE.TO is cheaper with a 0.40% expense ratio, compared with 0.85% for QDAY.NEO.
They also come from different issuers: Hamilton and Harvest. Their fees differ too: 0.85% for QDAY.NEO and 0.40% for CNQE.TO.
Find the right allocation for QDAY.NEO and CNQE.TO
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