QDAY.NEO vs. UTES.TO

Last updated Jun 9, 2026

QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) and UTES.TO (Evolve Canadian Utilities Enhanced Yield Index Fund ETF) are both Derivative Income funds. Both are actively managed. QDAY.NEO charges 0.85%/yr vs 0.60%/yr for UTES.TO.

Performance

QDAY.NEO vs. UTES.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QDAY.NEO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UTES.TO

• 1D: -1.14%
• 1M: 2.86%
• YTD: 13.00%
• 6M: 14.22%
• 1Y: 26.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

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

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

UTES.TO

UTES.TO Risk / Return Rank: 86
UTES.TO Sharpe Ratio Rank: 91
UTES.TO Sortino Ratio Rank: 92
UTES.TO Omega Ratio Rank: 88
UTES.TO Calmar Ratio Rank: 84
UTES.TO Martin Ratio Rank: 76

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. UTES.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.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.

Sharpe Ratios by Period

	QDAY.NEO	UTES.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.39	—

Drawdowns

Drawdown Indicators

	QDAY.NEO	UTES.TO	Difference
Max Drawdown Largest peak-to-trough decline	—	-10.19%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.39%	—
Current Drawdown Current decline from peak	—	-1.55%	—
Average Drawdown Average peak-to-trough decline	—	-2.60%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.01%	—

Volatility

Volatility by Period

	QDAY.NEO	UTES.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	9.37%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	11.04%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	11.04%	—

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

QDAY.NEO has a 0.85% expense ratio, which is higher than UTES.TO's 0.60% expense ratio.

Dividends

QDAY.NEO vs. UTES.TO - Dividend Comparison

QDAY.NEO has not paid dividends to shareholders, while UTES.TO's dividend yield for the trailing twelve months is around 17.41%.

Position	TTM	2025	2024
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	0.00%	0.00%	0.00%
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF	17.41%	18.30%	6.05%

Frequently Asked Questions

Which ETF is better, QDAY.NEO or UTES.TO?

On fees, UTES.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QDAY.NEO or UTES.TO?

UTES.TO is cheaper with a 0.60% expense ratio, compared with 0.85% for QDAY.NEO.

What is the main difference between QDAY.NEO and UTES.TO?

They also come from different issuers: Hamilton Capital and Evolve. Their fees differ too: 0.85% for QDAY.NEO and 0.60% for UTES.TO.