QDAY.NEO vs. SOXS
QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - QDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital, while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). QDAY.NEO is actively managed, while SOXS is passively managed. At a correlation of -0.78, they often move in opposite directions. QDAY.NEO charges 0.85%/yr vs 1.08%/yr for SOXS.
Performance
QDAY.NEO vs. SOXS - Performance Comparison
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Different Trading Currencies
QDAY.NEO is traded in CAD, while SOXS is traded in USD. To make them comparable, the SOXS 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 30.27% return, which is significantly higher than SOXS's -93.52% return.
QDAY.NEO
- 1D
- 3.63%
- 1M
- 7.22%
- YTD
- 30.27%
- 6M
- 31.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- -16.37%
- 1M
- -56.46%
- YTD
- -93.52%
- 6M
- -93.88%
- 1Y
- -97.93%
- 3Y*
- -86.70%
- 5Y*
- -80.02%
- 10Y*
- -79.35%
QDAY.NEO vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 30.27% | 14.84% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -93.52% | -55.22% |
Correlation
The correlation between QDAY.NEO and SOXS is -0.78, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | -0.78 |
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Return for Risk
QDAY.NEO vs. SOXS — Risk / Return Rank
QDAY.NEO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXS
QDAY.NEO vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.61 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -1.00 | — |
| Martin ratioReturn relative to average drawdown | — | -1.48 | — |
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Drawdowns
QDAY.NEO vs. SOXS - Drawdown Comparison
The maximum QDAY.NEO drawdown since its inception was -19.44%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for QDAY.NEO and SOXS.
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Drawdown Indicators
| QDAY.NEO | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.44% | -100.00% | +80.56% |
Max Drawdown (1Y)Largest decline over 1 year | — | -97.81% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -99.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -0.97% | -100.00% | +99.03% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -92.77% | +87.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 67.69% | — |
Volatility
QDAY.NEO vs. SOXS - Volatility Comparison
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Volatility by Period
| QDAY.NEO | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 59.85% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 96.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.37% | 112.61% | -88.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.37% | 110.35% | -85.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.37% | 101.78% | -77.41% |
QDAY.NEO vs. SOXS - Expense Ratio Comparison
QDAY.NEO has a 0.85% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
QDAY.NEO vs. SOXS - Dividend Comparison
QDAY.NEO's dividend yield for the trailing twelve months is around 14.91%, less than SOXS's 84.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 14.91% | 8.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 84.95% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
QDAY.NEO and SOXS have a correlation of -0.78, 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 1.08% for SOXS.
QDAY.NEO is categorized as Derivative Income, while SOXS is Inverse Equities. They also come from different issuers: Hamilton Capital and Direxion. Their fees differ too: 0.85% for QDAY.NEO and 1.08% for SOXS.
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