SDAY.NEO vs. ECHI.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO) and Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO).

SDAY.NEO and ECHI.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SDAY.NEO is an actively managed fund by Hamilton Capital. It was launched on Jul 14, 2025. ECHI.TO is an actively managed fund by Ninepoint. It was launched on Aug 22, 2025.

Performance

SDAY.NEO vs. ECHI.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 Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF	5.24%	-0.29%
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	10.27%	20.01%

Returns By Period

In the year-to-date period, SDAY.NEO achieves a 5.24% return, which is significantly lower than ECHI.TO's 10.27% return.

SDAY.NEO

• 1D: 0.30%
• 1M: -3.12%
• YTD: 5.24%
• 6M: 4.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ECHI.TO

• 1D: 0.33%
• 1M: -1.65%
• YTD: 10.27%
• 6M: 22.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

SDAY.NEO has a 0.85% expense ratio, which is higher than ECHI.TO's 0.29% expense ratio.

SDAY.NEO

Hamilton Enhanced U.S. Equity DayMAX™ ETF

ECHI.TO

Ninepoint Enhanced Canadian HighShares ETF

Return for Risk

SDAY.NEO vs. ECHI.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 Ninepoint Enhanced Canadian HighShares ETF (ECHI.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.

Sharpe Ratios by Period

	SDAY.NEO	ECHI.TO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	3.20	-1.87

Correlation

The correlation between SDAY.NEO and ECHI.TO is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SDAY.NEO vs. ECHI.TO - Dividend Comparison

SDAY.NEO's dividend yield for the trailing twelve months is around 11.50%, more than ECHI.TO's 8.68% yield.

	TTM	2025
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF	11.50%	8.60%
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	8.68%	5.27%

Drawdowns

SDAY.NEO vs. ECHI.TO - Drawdown Comparison

The maximum SDAY.NEO drawdown since its inception was -8.27%, which is greater than ECHI.TO's maximum drawdown of -6.84%. Use the drawdown chart below to compare losses from any high point for SDAY.NEO and ECHI.TO.

Drawdown Indicators

	SDAY.NEO	ECHI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-8.27%	-6.84%	-1.43%
Current Drawdown Current decline from peak	-3.72%	-1.65%	-2.07%
Average Drawdown Average peak-to-trough decline	-1.62%	-1.40%	-0.22%

Volatility

Volatility by Period

	SDAY.NEO	ECHI.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.95%	18.53%	-6.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.95%	18.53%	-6.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.95%	18.53%	-6.58%