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QDAY.NEO vs. HEQT.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QDAY.NEO vs. HEQT.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and Horizons All-Equity Asset Allocation ETF (HEQT.TO).

QDAY.NEO and HEQT.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. HEQT.TO is an actively managed fund by Horizons. It was launched on Sep 13, 2019.

Performance

QDAY.NEO vs. HEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and Horizons All-Equity Asset Allocation ETF (HEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)2025
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETF		-11.66%9.17%
HEQT.TO
Horizons All-Equity Asset Allocation ETF		1.15%12.05%

Returns By Period

In the year-to-date period, QDAY.NEO achieves a -11.66% return, which is significantly lower than HEQT.TO's 1.15% return.

QDAY.NEO

1D
1.64%
1M
-3.87%
YTD
-11.66%
6M
-15.40%
1Y
—
3Y*
—
5Y*
—
10Y*
—

HEQT.TO

1D
0.85%
1M
-3.24%
YTD
1.15%
6M
3.29%
1Y
21.21%
3Y*
22.36%
5Y*
15.15%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Hamilton EnhancedTechnology DayMAX™ ETF

Horizons All-Equity Asset Allocation ETF

Often compared with QDAY.NEO:
QDAY.NEO vs. HHIS.TOQDAY.NEO vs. SDAY.NEOQDAY.NEO vs. CDAY.NEOQDAY.NEO vs. QQQQDAY.NEO vs. QQC-F.TOQDAY.NEO vs. WDAYQDAY.NEO vs. HYLD.TO
Often compared with HEQT.TO:
HEQT.TO vs. XEQT.TOHEQT.TO vs. VEQT.TOHEQT.TO vs. ZEQT.TOHEQT.TO vs. HXQ.TOHEQT.TO vs. XAW.TOHEQT.TO vs. SCHGHEQT.TO vs. VFV.TO

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

QDAY.NEO has a 0.85% expense ratio, which is higher than HEQT.TO's 0.20% expense ratio.

QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETF
HEQT.TO
Horizons All-Equity Asset Allocation ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QDAY.NEO
HEQT.TO
HEQT.TO Risk / Return Rank: 7272
Overall Rank
HEQT.TO Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
HEQT.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
HEQT.TO Omega Ratio Rank: 7373
Omega Ratio Rank
HEQT.TO Calmar Ratio Rank: 6969
Calmar Ratio Rank
HEQT.TO Martin Ratio Rank: 7474
Martin Ratio Rank
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. HEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and Horizons All-Equity Asset Allocation ETF (HEQT.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.

QDAY.NEO vs. HEQT.TO - Sharpe Ratio Comparison

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Sharpe Ratios by Period

QDAY.NEOHEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.31

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.99

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.21

0.96

-1.17

Correlation

The correlation between QDAY.NEO and HEQT.TO is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QDAY.NEO vs. HEQT.TO - Dividend Comparison

QDAY.NEO's dividend yield for the trailing twelve months is around 5.37%, more than HEQT.TO's 1.76% yield.

TTM2025202420232022202120202019
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETF		5.37%4.74%0.00%0.00%0.00%0.00%0.00%0.00%
HEQT.TO
Horizons All-Equity Asset Allocation ETF		1.76%1.70%3.22%7.85%7.31%0.48%1.40%0.22%

Drawdowns

QDAY.NEO vs. HEQT.TO - Drawdown Comparison

The maximum QDAY.NEO drawdown since its inception was -25.46%, smaller than the maximum HEQT.TO drawdown of -31.82%. Use the drawdown chart below to compare losses from any high point for QDAY.NEO and HEQT.TO.

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Drawdown Indicators

QDAY.NEOHEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.46%

-31.82%

+6.36%

Max Drawdown (1Y)

Largest decline over 1 year

—

-11.47%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-24.25%

—

Current Drawdown

Current decline from peak

-21.83%

-4.38%

-17.45%

Average Drawdown

Average peak-to-trough decline

-7.96%

-4.38%

-3.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.60%

—

Volatility

QDAY.NEO vs. HEQT.TO - Volatility Comparison

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Volatility by Period

QDAY.NEOHEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

—

6.21%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

9.76%

—

Volatility (1Y)

Calculated over the trailing 1-year period

23.28%

16.26%

+7.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.28%

15.30%

+7.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.28%

17.27%

+6.01%