QDAY.NEO vs. WDAY

Last updated Jun 4, 2026

QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) is Derivative Income fund actively managed by Hamilton Capital, while WDAY (Workday, Inc.) is a stock. At a 0.12 correlation, their price movements are largely independent.

Performance

QDAY.NEO vs. WDAY - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and Workday, Inc. (WDAY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QDAY.NEO is traded in CAD, while WDAY is traded in USD. To make them comparable, the WDAY 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 WDAY's -30.73% return.

QDAY.NEO

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

WDAY

• 1D: -0.92%
• 1M: 17.16%
• YTD: -30.73%
• 6M: -31.89%
• 1Y: -40.75%
• 3Y*: -10.69%
• 5Y*: -5.41%
• 10Y*: 7.02%

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

QDAY.NEO vs. WDAY - Yearly Performance Comparison

	2026 (YTD)	2025
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	31.76%	14.84%
WDAY Workday, Inc.	-30.73%	-4.33%

Correlation

The correlation between QDAY.NEO and WDAY is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.12

Return for Risk

QDAY.NEO vs. WDAY — Risk / Return Rank

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

WDAY

WDAY Risk / Return Rank: 8
WDAY Sharpe Ratio Rank: 5
WDAY Sortino Ratio Rank: 6
WDAY Omega Ratio Rank: 8
WDAY Calmar Ratio Rank: 13
WDAY Martin Ratio Rank: 7

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. WDAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and Workday, Inc. (WDAY). 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	WDAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.94	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.14	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.19	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.63	0.30	+2.34

Drawdowns

QDAY.NEO vs. WDAY - Drawdown Comparison

The maximum QDAY.NEO drawdown since its inception was -19.44%, smaller than the maximum WDAY drawdown of -62.48%. Use the drawdown chart below to compare losses from any high point for QDAY.NEO and WDAY.

Drawdown Indicators

	QDAY.NEO	WDAY	Difference
Max Drawdown Largest peak-to-trough decline	-19.44%	-62.48%	+43.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-55.06%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-62.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-62.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-62.48%	—
Current Drawdown Current decline from peak	0.00%	-50.80%	+50.80%
Average Drawdown Average peak-to-trough decline	-5.23%	-17.72%	+12.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	29.08%	—

Volatility

Volatility by Period

	QDAY.NEO	WDAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	37.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.72%	43.48%	-20.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.72%	37.87%	-15.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.72%	37.85%	-15.13%

Dividends

QDAY.NEO vs. WDAY - Dividend Comparison

QDAY.NEO's dividend yield for the trailing twelve months is around 13.90%, while WDAY has not paid dividends to shareholders.

Position	TTM	2025
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	13.90%	8.78%
WDAY Workday, Inc.	0.00%	0.00%

Frequently Asked Questions

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

QDAY.NEO and WDAY have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.