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QDAY.NEO vs. ZWU.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QDAY.NEO vs. ZWU.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and BMO Covered Call Utilities ETF (ZWU.TO).

QDAY.NEO and ZWU.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QDAY.NEO is an actively managed fund by Hamilton Capital. It was launched on Jul 14, 2025. ZWU.TO is an actively managed fund by BMO. It was launched on Oct 20, 2011.

Performance

QDAY.NEO vs. ZWU.TO - Performance Comparison

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

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QDAY.NEO vs. ZWU.TO - Yearly Performance Comparison

2026 (YTD)2025
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETF		-11.66%9.17%
ZWU.TO
BMO Covered Call Utilities ETF		11.36%3.51%

Returns By Period

In the year-to-date period, QDAY.NEO achieves a -11.66% return, which is significantly lower than ZWU.TO's 11.36% return.

QDAY.NEO

1D
1.64%
1M
-3.87%
YTD
-11.66%
6M
-15.40%
1Y
—
3Y*
—
5Y*
—
10Y*
—

ZWU.TO

1D
-0.33%
1M
0.08%
YTD
11.36%
6M
9.50%
1Y
16.65%
3Y*
10.49%
5Y*
7.10%
10Y*
6.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Hamilton EnhancedTechnology DayMAX™ ETF

BMO Covered Call Utilities ETF

Often compared with QDAY.NEO:
QDAY.NEO vs. HHIS.TOQDAY.NEO vs. SDAY.NEOQDAY.NEO vs. CDAY.NEOQDAY.NEO vs. QQQQDAY.NEO vs. QQC-F.TOQDAY.NEO vs. WDAYQDAY.NEO vs. HYLD.TO
Often compared with ZWU.TO:
ZWU.TO vs. ZUT.TOZWU.TO vs. UMAX.TOZWU.TO vs. UTES.TOZWU.TO vs. ZWC.TOZWU.TO vs. PAYF.TOZWU.TO vs. SYLD.TOZWU.TO vs. VDY.TO

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

QDAY.NEO has a 0.85% expense ratio, which is higher than ZWU.TO's 0.65% expense ratio.

QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETF
ZWU.TO
BMO Covered Call Utilities ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QDAY.NEO
ZWU.TO
ZWU.TO Risk / Return Rank: 8484
Overall Rank
ZWU.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
ZWU.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
ZWU.TO Omega Ratio Rank: 8686
Omega Ratio Rank
ZWU.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
ZWU.TO Martin Ratio Rank: 8080
Martin Ratio Rank
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. ZWU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO) and BMO Covered Call Utilities ETF (ZWU.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.

QDAY.NEO vs. ZWU.TO - Sharpe Ratio Comparison

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Sharpe Ratios by Period

QDAY.NEOZWU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.84

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.69

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.46

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.21

0.43

-0.64

Correlation

The correlation between QDAY.NEO and ZWU.TO is -0.28. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

QDAY.NEO vs. ZWU.TO - Dividend Comparison

QDAY.NEO's dividend yield for the trailing twelve months is around 5.37%, less than ZWU.TO's 6.94% yield.

TTM20252024202320222021202020192018201720162015
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETF		5.37%4.74%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ZWU.TO
BMO Covered Call Utilities ETF		6.94%7.59%7.96%8.54%8.35%7.43%7.94%6.29%6.84%6.46%6.77%7.57%

Drawdowns

QDAY.NEO vs. ZWU.TO - Drawdown Comparison

The maximum QDAY.NEO drawdown since its inception was -25.46%, smaller than the maximum ZWU.TO drawdown of -37.41%. Use the drawdown chart below to compare losses from any high point for QDAY.NEO and ZWU.TO.

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Drawdown Indicators

QDAY.NEOZWU.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.46%

-37.41%

+11.95%

Max Drawdown (1Y)

Largest decline over 1 year

—

-6.71%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-23.36%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.41%

—

Current Drawdown

Current decline from peak

-21.83%

-0.65%

-21.18%

Average Drawdown

Average peak-to-trough decline

-7.96%

-5.42%

-2.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

1.80%

—

Volatility

QDAY.NEO vs. ZWU.TO - Volatility Comparison

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Volatility by Period

QDAY.NEOZWU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

—

2.44%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

5.27%

—

Volatility (1Y)

Calculated over the trailing 1-year period

23.28%

9.11%

+14.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.28%

10.34%

+12.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.28%

14.15%

+9.13%