SDAY.NEO vs. FCMI.TO
SDAY.NEO (Hamilton Enhanced U.S. Equity DayMAX™ ETF) and FCMI.TO (Fidelity Canadian Monthly High Income ETF) are both exchange-traded funds - SDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital, while FCMI.TO is a Canada Equities fund actively managed by Fidelity. Both are actively managed. Over the past year, SDAY.NEO returned 20.01% vs 19.66% for FCMI.TO. At a 0.15 correlation, their price movements are largely independent. SDAY.NEO charges 0.85%/yr vs 0.50%/yr for FCMI.TO.
Performance
SDAY.NEO vs. FCMI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SDAY.NEO achieves a 15.24% return, which is significantly higher than FCMI.TO's 9.25% return.
SDAY.NEO
- 1D
- -1.13%
- 1M
- 2.43%
- 6M
- 7.41%
- YTD
- 15.24%
- 1Y
- 20.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCMI.TO
- 1D
- 0.00%
- 1M
- -0.44%
- 6M
- 6.69%
- YTD
- 9.25%
- 1Y
- 19.66%
- 3Y*
- 13.93%
- 5Y*
- 8.04%
- 10Y*
- —
SDAY.NEO vs. FCMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF | 15.24% | 4.49% |
FCMI.TO Fidelity Canadian Monthly High Income ETF | 9.25% | 10.59% |
Correlation
The correlation between SDAY.NEO and FCMI.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | 0.15 |
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Return for Risk
SDAY.NEO vs. FCMI.TO — Risk / Return Rank
SDAY.NEO
FCMI.TO
SDAY.NEO vs. FCMI.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 Fidelity Canadian Monthly High Income ETF (FCMI.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.
| SDAY.NEO | FCMI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.80 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 5.36 | -2.75 |
| Martin ratioReturn relative to average drawdown | 8.36 | 20.62 | -12.25 |
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Drawdowns
SDAY.NEO vs. FCMI.TO - Drawdown Comparison
The maximum SDAY.NEO drawdown since its inception was -7.75%, smaller than the maximum FCMI.TO drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for SDAY.NEO and FCMI.TO.
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Drawdown Indicators
| SDAY.NEO | FCMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.75% | -63.80% | +56.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.75% | -3.62% | -4.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.00% | — |
Current DrawdownCurrent decline from peak | -3.60% | -18.96% | +15.36% |
Average DrawdownAverage peak-to-trough decline | -1.74% | -41.59% | +39.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 0.94% | +1.47% |
Volatility
SDAY.NEO vs. FCMI.TO - Volatility Comparison
Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO) has a higher volatility of 5.16% compared to Fidelity Canadian Monthly High Income ETF (FCMI.TO) at 2.08%. This indicates that SDAY.NEO's price experiences larger fluctuations and is considered to be riskier than FCMI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDAY.NEO | FCMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 2.08% | +3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.71% | 4.99% | +4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 6.39% | +5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.17% | 7.80% | +4.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.17% | 22.19% | -10.02% |
SDAY.NEO vs. FCMI.TO - Expense Ratio Comparison
SDAY.NEO has a 0.85% expense ratio, which is higher than FCMI.TO's 0.50% expense ratio.
Dividends
SDAY.NEO vs. FCMI.TO - Dividend Comparison
SDAY.NEO's dividend yield for the trailing twelve months is around 18.07%, more than FCMI.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FCMI.TO Fidelity Canadian Monthly High Income ETF | 3.28% | 3.38% | 3.63% | 4.09% | 3.73% | 2.76% | 6.22% |
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF | 18.07% | 8.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SDAY.NEO and FCMI.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCMI.TO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCMI.TO is cheaper with a 0.50% expense ratio, compared with 0.85% for SDAY.NEO.
SDAY.NEO is categorized as Derivative Income, while FCMI.TO is Canada Equities. They also come from different issuers: Hamilton Capital and Fidelity. Their fees differ too: 0.85% for SDAY.NEO and 0.50% for FCMI.TO.
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