QDAY.NEO vs. HDIV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO).

QDAY.NEO and HDIV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QDAY.NEO is an actively managed fund by Hamilton Capital. It was launched on Jul 14, 2025. HDIV.TO is an actively managed fund by Hamilton Capital. It was launched on Jul 19, 2021.

Performance

QDAY.NEO vs. HDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO). The values are adjusted to include any dividend payments, if applicable.

QDAY.NEO vs. HDIV.TO - Yearly Performance Comparison

	2026 (YTD)	2025
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	-13.08%	9.17%
HDIV.TO Hamilton Enhanced Multi-Sector Covered Call ETF	3.20%	20.86%

Returns By Period

In the year-to-date period, QDAY.NEO achieves a -13.08% return, which is significantly lower than HDIV.TO's 3.20% return.

QDAY.NEO

• 1D: 3.19%
• 1M: -4.93%
• YTD: -13.08%
• 6M: -15.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HDIV.TO

• 1D: 1.91%
• 1M: -4.61%
• YTD: 3.20%
• 6M: 9.39%
• 1Y: 34.41%
• 3Y*: 23.25%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QDAY.NEO vs. HDIV.TO - Expense Ratio Comparison

QDAY.NEO has a 0.85% expense ratio, which is higher than HDIV.TO's 0.00% expense ratio.

QDAY.NEO

Hamilton EnhancedTechnology DayMAX™ ETF

HDIV.TO

Hamilton Enhanced Multi-Sector Covered Call ETF

Return for Risk

QDAY.NEO vs. HDIV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HDIV.TO

HDIV.TO Risk / Return Rank: 92
HDIV.TO Sharpe Ratio Rank: 92
HDIV.TO Sortino Ratio Rank: 91
HDIV.TO Omega Ratio Rank: 95
HDIV.TO Calmar Ratio Rank: 88
HDIV.TO Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QDAY.NEO vs. HDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and Hamilton Enhanced Multi-Sector 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	QDAY.NEO	HDIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	1.11	-1.42

Correlation

The correlation between QDAY.NEO and HDIV.TO is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

QDAY.NEO vs. HDIV.TO - Dividend Comparison

QDAY.NEO's dividend yield for the trailing twelve months is around 5.46%, less than HDIV.TO's 9.23% yield.

	TTM	2025	2024	2023	2022	2021
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	5.46%	4.74%	0.00%	0.00%	0.00%	0.00%
HDIV.TO Hamilton Enhanced Multi-Sector Covered Call ETF	9.23%	10.09%	11.38%	10.41%	9.64%	3.39%

Drawdowns

QDAY.NEO vs. HDIV.TO - Drawdown Comparison

The maximum QDAY.NEO drawdown since its inception was -25.46%, 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 QDAY.NEO and HDIV.TO.

Drawdown Indicators

	QDAY.NEO	HDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-25.46%	-22.32%	-3.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.77%	—
Current Drawdown Current decline from peak	-23.08%	-5.09%	-17.99%
Average Drawdown Average peak-to-trough decline	-7.89%	-4.35%	-3.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.83%	—

Volatility

Volatility by Period

	QDAY.NEO	HDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.27%	16.89%	+6.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.27%	15.73%	+7.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.27%	15.73%	+7.54%