SDAY.NEO vs. CANY.TO

Last updated Jun 16, 2026

SDAY.NEO (Hamilton Enhanced U.S. Equity DayMAX™ ETF) and CANY.TO (Evolve Canadian Equity UltraYield ETF) are both Derivative Income funds. Both are actively managed. At a 0.36 correlation, their price movements are largely independent. SDAY.NEO charges 0.85%/yr vs 0.40%/yr for CANY.TO.

Performance

SDAY.NEO vs. CANY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO) and Evolve Canadian Equity UltraYield ETF (CANY.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDAY.NEO achieves a 12.66% return, which is significantly higher than CANY.TO's 11.38% return.

SDAY.NEO

• 1D: 0.30%
• 1M: 6.53%
• YTD: 12.66%
• 6M: 10.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CANY.TO

• 1D: 0.12%
• 1M: 4.67%
• YTD: 11.38%
• 6M: 12.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SDAY.NEO vs. CANY.TO - Yearly Performance Comparison

	2026 (YTD)	2025
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF	12.66%	1.37%
CANY.TO Evolve Canadian Equity UltraYield ETF	11.38%	5.00%

Correlation

The correlation between SDAY.NEO and CANY.TO is 0.36, 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 Sep 18, 2025	0.36

Return for Risk

SDAY.NEO vs. CANY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO) and Evolve Canadian Equity UltraYield ETF (CANY.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

SDAY.NEO vs. CANY.TO - Drawdown Comparison

The maximum SDAY.NEO drawdown since its inception was -7.75%, smaller than the maximum CANY.TO drawdown of -8.34%. Use the drawdown chart below to compare losses from any high point for SDAY.NEO and CANY.TO.

Drawdown Indicators

	SDAY.NEO	CANY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-7.75%	-8.34%	+0.59%
Current Drawdown Current decline from peak	0.00%	-0.85%	+0.85%
Average Drawdown Average peak-to-trough decline	-1.81%	-2.12%	+0.31%

Volatility

Volatility by Period

	SDAY.NEO	CANY.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.59%	17.67%	-6.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.59%	17.67%	-6.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.59%	17.67%	-6.08%

SDAY.NEO vs. CANY.TO - Expense Ratio Comparison

SDAY.NEO has a 0.85% expense ratio, which is higher than CANY.TO's 0.40% expense ratio.

Dividends

SDAY.NEO vs. CANY.TO - Dividend Comparison

SDAY.NEO's dividend yield for the trailing twelve months is around 16.66%, more than CANY.TO's 13.93% yield.

Position	TTM	2025
CANY.TO Evolve Canadian Equity UltraYield ETF	13.93%	5.87%
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF	16.66%	8.62%

Frequently Asked Questions

Can I hold both SDAY.NEO and CANY.TO in my portfolio?

SDAY.NEO and CANY.TO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SDAY.NEO or CANY.TO?

On fees, CANY.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SDAY.NEO or CANY.TO?

CANY.TO is cheaper with a 0.40% expense ratio, compared with 0.85% for SDAY.NEO.

What is the main difference between SDAY.NEO and CANY.TO?

They also come from different issuers: Hamilton Capital and Evolve. Their fees differ too: 0.85% for SDAY.NEO and 0.40% for CANY.TO.