SDAY.NEO vs. JEPQ.TO
SDAY.NEO (Hamilton Enhanced U.S. Equity DayMAX™ ETF) and JEPQ.TO (JPMorgan Nasdaq Equity Premium Income Active ETF) are both exchange-traded funds - SDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital, while JEPQ.TO is a Nasdaq-100 fund actively managed by JPMorgan. Both are actively managed. Over the past year, SDAY.NEO returned 20.01% vs 21.93% for JEPQ.TO. At a 0.26 correlation, their price movements are largely independent. SDAY.NEO charges 0.85%/yr vs 0.35%/yr for JEPQ.TO.
Performance
SDAY.NEO vs. JEPQ.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 JEPQ.TO's 9.03% return.
SDAY.NEO
- 1D
- -1.13%
- 1M
- 2.43%
- 6M
- 7.41%
- YTD
- 15.24%
- 1Y
- 20.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEPQ.TO
- 1D
- -1.39%
- 1M
- -2.79%
- 6M
- 6.05%
- YTD
- 9.03%
- 1Y
- 21.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SDAY.NEO vs. JEPQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF | 15.24% | 4.49% |
JEPQ.TO JPMorgan Nasdaq Equity Premium Income Active ETF | 9.03% | 13.29% |
Correlation
The correlation between SDAY.NEO and JEPQ.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | 0.26 |
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Return for Risk
SDAY.NEO vs. JEPQ.TO — Risk / Return Rank
SDAY.NEO
JEPQ.TO
SDAY.NEO vs. JEPQ.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 JPMorgan Nasdaq Equity Premium Income Active ETF (JEPQ.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 | JEPQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.85 | -0.23 |
| Martin ratioReturn relative to average drawdown | 8.36 | 10.16 | -1.80 |
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Drawdowns
SDAY.NEO vs. JEPQ.TO - Drawdown Comparison
The maximum SDAY.NEO drawdown since its inception was -7.75%, smaller than the maximum JEPQ.TO drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for SDAY.NEO and JEPQ.TO.
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Drawdown Indicators
| SDAY.NEO | JEPQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.75% | -20.05% | +12.30% |
Max Drawdown (1Y)Largest decline over 1 year | -7.75% | -7.74% | -0.01% |
Current DrawdownCurrent decline from peak | -3.60% | -5.74% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -1.74% | -3.30% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.16% | +0.25% |
Volatility
SDAY.NEO vs. JEPQ.TO - Volatility Comparison
The current volatility for Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO) is 5.16%, while JPMorgan Nasdaq Equity Premium Income Active ETF (JEPQ.TO) has a volatility of 6.29%. This indicates that SDAY.NEO experiences smaller price fluctuations and is considered to be less risky than JEPQ.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 | JEPQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 6.29% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.71% | 12.43% | -2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 14.95% | -2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.17% | 17.80% | -5.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.17% | 17.80% | -5.63% |
SDAY.NEO vs. JEPQ.TO - Expense Ratio Comparison
SDAY.NEO has a 0.85% expense ratio, which is higher than JEPQ.TO's 0.35% expense ratio.
Dividends
SDAY.NEO vs. JEPQ.TO - Dividend Comparison
SDAY.NEO's dividend yield for the trailing twelve months is around 18.07%, more than JEPQ.TO's 10.07% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEPQ.TO JPMorgan Nasdaq Equity Premium Income Active ETF | 10.07% | 10.34% | 1.72% |
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF | 18.07% | 8.62% | 0.00% |
Frequently Asked Questions
SDAY.NEO and JEPQ.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEPQ.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEPQ.TO is cheaper with a 0.35% expense ratio, compared with 0.85% for SDAY.NEO.
SDAY.NEO is categorized as Derivative Income, while JEPQ.TO is Nasdaq-100. They also come from different issuers: Hamilton Capital and JPMorgan. Their fees differ too: 0.85% for SDAY.NEO and 0.35% for JEPQ.TO.
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