QDAY.NEO vs. FCMI.TO
QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) and FCMI.TO (Fidelity Canadian Monthly High Income ETF) are both exchange-traded funds - QDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital, while FCMI.TO is a Canada Equities fund actively managed by Fidelity. Both are actively managed. Over the past year, QDAY.NEO returned 38.21% vs 19.66% for FCMI.TO. At a 0.03 correlation, their price movements are largely independent. QDAY.NEO charges 0.85%/yr vs 0.50%/yr for FCMI.TO.
Performance
QDAY.NEO vs. FCMI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QDAY.NEO achieves a 23.56% return, which is significantly higher than FCMI.TO's 9.25% return.
QDAY.NEO
- 1D
- -1.89%
- 1M
- -2.49%
- 6M
- 19.69%
- YTD
- 23.56%
- 1Y
- 38.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCMI.TO
- 1D
- 0.00%
- 1M
- -0.44%
- 6M
- 6.69%
- YTD
- 9.25%
- 1Y
- 19.66%
- 3Y*
- 13.93%
- 5Y*
- 8.04%
- 10Y*
- —
QDAY.NEO vs. FCMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 23.56% | 14.84% |
FCMI.TO Fidelity Canadian Monthly High Income ETF | 9.25% | 10.59% |
Correlation
The correlation between QDAY.NEO and FCMI.TO is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | 0.03 |
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Return for Risk
QDAY.NEO vs. FCMI.TO — Risk / Return Rank
QDAY.NEO
FCMI.TO
QDAY.NEO vs. FCMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and Fidelity Canadian Monthly High Income ETF (FCMI.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 | FCMI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.80 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 5.36 | -3.37 |
| Martin ratioReturn relative to average drawdown | 5.45 | 20.62 | -15.17 |
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Drawdowns
QDAY.NEO vs. FCMI.TO - Drawdown Comparison
The maximum QDAY.NEO drawdown since its inception was -19.44%, smaller than the maximum FCMI.TO drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for QDAY.NEO and FCMI.TO.
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Drawdown Indicators
| QDAY.NEO | FCMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.44% | -63.80% | +44.36% |
Max Drawdown (1Y)Largest decline over 1 year | -19.44% | -3.62% | -15.82% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.00% | — |
Current DrawdownCurrent decline from peak | -6.97% | -18.96% | +11.99% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -41.59% | +36.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.07% | 0.94% | +6.13% |
Volatility
QDAY.NEO vs. FCMI.TO - Volatility Comparison
Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) has a higher volatility of 9.79% compared to Fidelity Canadian Monthly High Income ETF (FCMI.TO) at 2.08%. This indicates that QDAY.NEO's price experiences larger fluctuations and is considered to be riskier than FCMI.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 | FCMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.79% | 2.08% | +7.71% |
Volatility (6M)Calculated over the trailing 6-month period | 20.47% | 4.99% | +15.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.41% | 6.39% | +19.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.28% | 7.80% | +17.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.28% | 22.19% | +3.09% |
QDAY.NEO vs. FCMI.TO - Expense Ratio Comparison
QDAY.NEO has a 0.85% expense ratio, which is higher than FCMI.TO's 0.50% expense ratio.
Dividends
QDAY.NEO vs. FCMI.TO - Dividend Comparison
QDAY.NEO's dividend yield for the trailing twelve months is around 17.60%, more than FCMI.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FCMI.TO Fidelity Canadian Monthly High Income ETF | 3.28% | 3.38% | 3.63% | 4.09% | 3.73% | 2.76% | 6.22% |
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 17.60% | 8.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QDAY.NEO and FCMI.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCMI.TO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCMI.TO is cheaper with a 0.50% expense ratio, compared with 0.85% for QDAY.NEO.
QDAY.NEO is categorized as Derivative Income, while FCMI.TO is Canada Equities. They also come from different issuers: Hamilton Capital and Fidelity. Their fees differ too: 0.85% for QDAY.NEO and 0.50% for FCMI.TO.
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