QDAY.NEO vs. QQQI

Last updated Jun 4, 2026

QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - QDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital, while QQQI is a Nasdaq-100 fund actively managed by Neos. Both are actively managed. Their correlation of 0.87 suggests significant overlap in exposure. QDAY.NEO charges 0.85%/yr vs 0.68%/yr for QQQI.

Performance

QDAY.NEO vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and NEOS Nasdaq-100 High Income ETF (QQQI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QDAY.NEO is traded in CAD, while QQQI is traded in USD. To make them comparable, the QQQI values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QDAY.NEO achieves a 31.76% return, which is significantly higher than QQQI's 14.88% return.

QDAY.NEO

• 1D: 0.41%
• 1M: 18.94%
• YTD: 31.76%
• 6M: 28.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQI

• 1D: 0.24%
• 1M: 9.04%
• YTD: 14.88%
• 6M: 12.49%
• 1Y: 32.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QDAY.NEO vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	31.76%	14.84%
QQQI NEOS Nasdaq-100 High Income ETF	14.88%	10.37%

Correlation

The correlation between QDAY.NEO and QQQI is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.87

Return for Risk

QDAY.NEO vs. QQQI — Risk / Return Rank

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

QQQI

QQQI Risk / Return Rank: 68
QQQI Sharpe Ratio Rank: 70
QQQI Sortino Ratio Rank: 66
QQQI Omega Ratio Rank: 70
QQQI Calmar Ratio Rank: 63
QQQI Martin Ratio Rank: 74

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. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and NEOS Nasdaq-100 High Income ETF (QQQI). 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	QQQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.63	1.48	+1.15

Drawdowns

QDAY.NEO vs. QQQI - Drawdown Comparison

The maximum QDAY.NEO drawdown since its inception was -19.44%, roughly equal to the maximum QQQI drawdown of -19.81%. Use the drawdown chart below to compare losses from any high point for QDAY.NEO and QQQI.

Drawdown Indicators

	QDAY.NEO	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-19.44%	-19.81%	+0.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.24%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.23%	-2.67%	-2.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.62%	—

Volatility

Volatility by Period

	QDAY.NEO	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.72%	12.91%	+9.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.72%	16.70%	+6.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.72%	16.70%	+6.02%

QDAY.NEO vs. QQQI - Expense Ratio Comparison

QDAY.NEO has a 0.85% expense ratio, which is higher than QQQI's 0.68% expense ratio.

Dividends

QDAY.NEO vs. QQQI - Dividend Comparison

QDAY.NEO's dividend yield for the trailing twelve months is around 13.90%, more than QQQI's 13.19% yield.

Position	TTM	2025	2024
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	13.90%	8.78%	0.00%
QQQI NEOS Nasdaq-100 High Income ETF	13.19%	13.82%	12.85%

Frequently Asked Questions

Can I hold both QDAY.NEO and QQQI in my portfolio?

QDAY.NEO and QQQI have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QDAY.NEO or QQQI?

On fees, QQQI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QDAY.NEO or QQQI?

QQQI is cheaper with a 0.68% expense ratio, compared with 0.85% for QDAY.NEO.

What is the main difference between QDAY.NEO and QQQI?

QDAY.NEO is categorized as Derivative Income, while QQQI is Nasdaq-100. They also come from different issuers: Hamilton Capital and Neos. Their fees differ too: 0.85% for QDAY.NEO and 0.68% for QQQI.