QDAY.NEO vs. PINC.TO
QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) and PINC.TO (Purpose Multi-Asset Income Fund) are both Derivative Income funds. Both are actively managed. Over the past year, QDAY.NEO returned 47.32% vs 24.42% for PINC.TO. Their 0.15 correlation means their historical movements had little consistent relationship. QDAY.NEO charges 0.85%/yr vs 1.04%/yr for PINC.TO.
Performance
QDAY.NEO vs. PINC.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 higher than PINC.TO's 16.87% 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%
PINC.TO
- 1D
- -0.35%
- 1M
- 0.99%
- 6M
- 13.71%
- YTD
- 16.87%
- 1Y
- 24.42%
- 3Y*
- 14.84%
- 5Y*
- 6.57%
- 10Y*
- —
- ALL TIME*
- 6.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$17.40K | CA$14.42K | CA$13.40K | |
| CA$429.00K | CA$183.86K | CA$63.29K |
QDAY.NEO vs. PINC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 30.22% | 14.84% |
PINC.TO Purpose Multi-Asset Income Fund | 16.87% | 6.59% |
Correlation
The correlation between QDAY.NEO and PINC.TO is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | 0.15 |
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Return for Risk
QDAY.NEO vs. PINC.TO — Risk / Return Rank
QDAY.NEO
PINC.TO
QDAY.NEO vs. PINC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and Purpose Multi-Asset Income Fund (PINC.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 | PINC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.81 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 6.84 | -4.37 |
| Martin ratioReturn relative to average drawdown | 6.57 | 26.46 | -19.88 |
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Drawdowns
QDAY.NEO vs. PINC.TO - Drawdown Comparison
The maximum QDAY.NEO drawdown since its inception was -19.44%, smaller than the maximum PINC.TO drawdown of -43.84%. Use the drawdown chart below to compare losses from any high point for QDAY.NEO and PINC.TO.
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Drawdown Indicators
| QDAY.NEO | PINC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.44% | -43.84% | +24.40% |
Max Drawdown (1Y)Largest decline over 1 year | -19.44% | -3.59% | -15.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.04% | — |
Current DrawdownCurrent decline from peak | -1.96% | -1.29% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -5.79% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.27% | 0.93% | +6.34% |
Volatility
QDAY.NEO vs. PINC.TO - Volatility Comparison
Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) has a higher volatility of 10.38% compared to Purpose Multi-Asset Income Fund (PINC.TO) at 1.70%. This indicates that QDAY.NEO's price experiences larger fluctuations and is considered to be riskier than PINC.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 | PINC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.38% | 1.70% | +8.68% |
Volatility (6M)Calculated over the trailing 6-month period | 21.71% | 5.02% | +16.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.57% | 6.34% | +20.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.18% | 8.39% | +17.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.18% | 14.68% | +11.50% |
QDAY.NEO vs. PINC.TO - Expense Ratio Comparison
QDAY.NEO has a 0.85% expense ratio, which is lower than PINC.TO's 1.04% expense ratio.
Dividends
QDAY.NEO vs. PINC.TO - Dividend Comparison
QDAY.NEO's dividend yield for the trailing twelve months is around 16.94%, more than PINC.TO's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
PINC.TO Purpose Multi-Asset Income Fund | 4.44% | 5.05% | 5.48% | 5.78% | 5.51% | 4.60% | 5.33% | 5.06% | 3.66% |
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 16.94% | 8.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QDAY.NEO and PINC.TO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDAY.NEO is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDAY.NEO is cheaper with a 0.85% expense ratio, compared with 1.04% for PINC.TO.
They also come from different issuers: Hamilton and Purpose. Their fees differ too: 0.85% for QDAY.NEO and 1.04% for PINC.TO.
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