QDAY.NEO vs. XEH.TO
QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) and XEH.TO (iShares MSCI Europe IMI Index ETF (CAD-Hedged)) are both exchange-traded funds - QDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital, while XEH.TO is a Europe Equities fund tracking the Morningstar Eur GR CAD. QDAY.NEO is actively managed, while XEH.TO is passively managed. At a 0.48 correlation, their price movements are largely independent. QDAY.NEO charges 0.85%/yr vs 0.28%/yr for XEH.TO.
Performance
QDAY.NEO vs. XEH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QDAY.NEO achieves a 30.27% return, which is significantly higher than XEH.TO's 8.96% return.
QDAY.NEO
- 1D
- 3.63%
- 1M
- 7.22%
- YTD
- 30.27%
- 6M
- 31.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XEH.TO
- 1D
- 0.34%
- 1M
- 4.85%
- YTD
- 8.96%
- 6M
- 10.12%
- 1Y
- 19.04%
- 3Y*
- 13.62%
- 5Y*
- 9.41%
- 10Y*
- 10.47%
QDAY.NEO vs. XEH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 30.27% | 14.84% |
XEH.TO iShares MSCI Europe IMI Index ETF (CAD-Hedged) | 8.96% | 8.02% |
Correlation
The correlation between QDAY.NEO and XEH.TO is 0.48, 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 14, 2025 | 0.48 |
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Return for Risk
QDAY.NEO vs. XEH.TO — Risk / Return Rank
QDAY.NEO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XEH.TO
QDAY.NEO vs. XEH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and iShares MSCI Europe IMI Index ETF (CAD-Hedged) (XEH.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.
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 | XEH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.84 | — |
| Martin ratioReturn relative to average drawdown | — | 7.53 | — |
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Drawdowns
QDAY.NEO vs. XEH.TO - Drawdown Comparison
The maximum QDAY.NEO drawdown since its inception was -19.44%, smaller than the maximum XEH.TO drawdown of -35.81%. Use the drawdown chart below to compare losses from any high point for QDAY.NEO and XEH.TO.
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Drawdown Indicators
| QDAY.NEO | XEH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.44% | -35.81% | +16.37% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.38% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.33% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.81% | — |
Current DrawdownCurrent decline from peak | -0.97% | 0.00% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -4.92% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.53% | — |
Volatility
QDAY.NEO vs. XEH.TO - Volatility Comparison
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Volatility by Period
| QDAY.NEO | XEH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.44% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.79% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.37% | 12.85% | +11.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.37% | 14.23% | +10.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.37% | 16.04% | +8.33% |
QDAY.NEO vs. XEH.TO - Expense Ratio Comparison
QDAY.NEO has a 0.85% expense ratio, which is higher than XEH.TO's 0.28% expense ratio.
Dividends
QDAY.NEO vs. XEH.TO - Dividend Comparison
QDAY.NEO's dividend yield for the trailing twelve months is around 14.91%, more than XEH.TO's 2.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 14.91% | 8.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEH.TO iShares MSCI Europe IMI Index ETF (CAD-Hedged) | 2.30% | 2.50% | 2.71% | 2.98% | 3.12% | 2.40% | 2.01% | 3.52% | 3.39% | 2.22% | 2.39% | 2.27% |
Frequently Asked Questions
QDAY.NEO and XEH.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEH.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEH.TO is cheaper with a 0.28% expense ratio, compared with 0.85% for QDAY.NEO.
QDAY.NEO is categorized as Derivative Income, while XEH.TO is Europe Equities. They also come from different issuers: Hamilton Capital and iShares. Their fees differ too: 0.85% for QDAY.NEO and 0.28% for XEH.TO.
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