QDAY.NEO vs. ZPH.TO
QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) and ZPH.TO (BMO US Put Write Hedged to CAD ETF) are both Derivative Income funds. Both are actively managed. Over the past year, QDAY.NEO returned 48.25% vs 7.40% for ZPH.TO. At a 0.42 correlation, their price movements are largely independent. QDAY.NEO charges 0.85%/yr vs 0.65%/yr for ZPH.TO.
Performance
QDAY.NEO vs. ZPH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QDAY.NEO achieves a 29.09% return, which is significantly higher than ZPH.TO's 1.76% return.
QDAY.NEO
- 1D
- 0.87%
- 1M
- 2.70%
- 6M
- 24.69%
- YTD
- 29.09%
- 1Y
- 48.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPH.TO
- 1D
- -0.14%
- 1M
- 1.40%
- 6M
- 1.90%
- YTD
- 1.76%
- 1Y
- 7.40%
- 3Y*
- 7.80%
- 5Y*
- 5.66%
- 10Y*
- —
QDAY.NEO vs. ZPH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 29.09% | 14.84% |
ZPH.TO BMO US Put Write Hedged to CAD ETF | 1.76% | 5.46% |
Correlation
The correlation between QDAY.NEO and ZPH.TO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | 0.42 |
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Return for Risk
QDAY.NEO vs. ZPH.TO — Risk / Return Rank
QDAY.NEO
ZPH.TO
QDAY.NEO vs. ZPH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and BMO US Put Write Hedged to CAD ETF (ZPH.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 | ZPH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.21 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 1.22 | +1.29 |
| Martin ratioReturn relative to average drawdown | 6.91 | 4.62 | +2.29 |
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Drawdowns
QDAY.NEO vs. ZPH.TO - Drawdown Comparison
The maximum QDAY.NEO drawdown since its inception was -19.44%, smaller than the maximum ZPH.TO drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for QDAY.NEO and ZPH.TO.
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Drawdown Indicators
| QDAY.NEO | ZPH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.44% | -33.38% | +13.94% |
Max Drawdown (1Y)Largest decline over 1 year | -19.44% | -6.07% | -13.37% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.83% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.38% | — |
Current DrawdownCurrent decline from peak | -2.80% | -0.40% | -2.40% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -4.23% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.60% | — |
Volatility
QDAY.NEO vs. ZPH.TO - Volatility Comparison
Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) has a higher volatility of 10.39% compared to BMO US Put Write Hedged to CAD ETF (ZPH.TO) at 2.50%. This indicates that QDAY.NEO's price experiences larger fluctuations and is considered to be riskier than ZPH.TO 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 | ZPH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.39% | 2.50% | +7.89% |
Volatility (6M)Calculated over the trailing 6-month period | 20.33% | 5.61% | +14.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.26% | 6.53% | +18.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.26% | 11.18% | +14.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.26% | 12.60% | +12.66% |
QDAY.NEO vs. ZPH.TO - Expense Ratio Comparison
QDAY.NEO has a 0.85% expense ratio, which is higher than ZPH.TO's 0.65% expense ratio.
Dividends
QDAY.NEO vs. ZPH.TO - Dividend Comparison
QDAY.NEO's dividend yield for the trailing twelve months is around 15.94%, more than ZPH.TO's 10.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF | 15.94% | 8.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZPH.TO BMO US Put Write Hedged to CAD ETF | 10.41% | 10.06% | 9.95% | 8.18% | 8.83% | 7.27% | 7.67% | 7.26% | 6.98% | 5.94% |
Frequently Asked Questions
QDAY.NEO and ZPH.TO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPH.TO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPH.TO is cheaper with a 0.65% expense ratio, compared with 0.85% for QDAY.NEO.
They also come from different issuers: Hamilton Capital and BMO. Their fees differ too: 0.85% for QDAY.NEO and 0.65% for ZPH.TO.
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