QDAY.NEO vs. QQQI
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. Over the past year, QDAY.NEO returned 43.36% vs 23.35% for QQQI. Their correlation of 0.82 suggests significant overlap in exposure. QDAY.NEO charges 0.85%/yr vs 0.68%/yr for QQQI.
Performance
QDAY.NEO vs. QQQI - Performance Comparison
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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 26.24% return, which is significantly higher than QQQI's 12.30% return.
QDAY.NEO
- 1D
- -1.67%
- 1M
- -0.43%
- 6M
- 22.64%
- YTD
- 26.24%
- 1Y
- 43.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQI
- 1D
- -1.68%
- 1M
- -1.74%
- 6M
- 9.68%
- YTD
- 12.30%
- 1Y
- 23.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QDAY.NEO vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 26.24% | 14.84% |
QQQI NEOS Nasdaq-100 High Income ETF | 12.30% | 10.85% |
Correlation
The correlation between QDAY.NEO and QQQI is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | 0.82 |
The correlation between QDAY.NEO and QQQI has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.
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Return for Risk
QDAY.NEO vs. QQQI — Risk / Return Rank
QDAY.NEO
QQQI
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.
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 | QQQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.27 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.57 | -0.31 |
| Martin ratioReturn relative to average drawdown | 6.20 | 9.00 | -2.81 |
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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 -19.93%. Use the drawdown chart below to compare losses from any high point for QDAY.NEO and QQQI.
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Drawdown Indicators
| QDAY.NEO | QQQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.44% | -19.93% | +0.49% |
Max Drawdown (1Y)Largest decline over 1 year | -19.44% | -9.13% | -10.31% |
Current DrawdownCurrent decline from peak | -4.95% | -4.34% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -2.55% | -2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.06% | 2.60% | +4.46% |
Volatility
QDAY.NEO vs. QQQI - Volatility Comparison
Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) has a higher volatility of 9.56% compared to NEOS Nasdaq-100 High Income ETF (QQQI) at 6.87%. This indicates that QDAY.NEO's price experiences larger fluctuations and is considered to be riskier than QQQI 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 | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.56% | 6.87% | +2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 20.35% | 13.24% | +7.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.31% | 15.81% | +9.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.23% | 18.19% | +7.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.23% | 18.19% | +7.04% |
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 17.23%, more than QQQI's 13.87% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 17.23% | 8.78% | 0.00% |
QQQI NEOS Nasdaq-100 High Income ETF | 13.87% | 13.82% | 12.85% |
Frequently Asked Questions
QDAY.NEO and QQQI have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
QQQI is cheaper with a 0.68% expense ratio, compared with 0.85% for QDAY.NEO.
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.
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