SDAY.NEO vs. SCHD

Last updated Jul 18, 2026

SDAY.NEO (Hamilton Enhanced U.S. Equity DayMAX™ ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - SDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. SDAY.NEO is actively managed, while SCHD is passively managed. Over the past year, SDAY.NEO returned 20.01% vs 28.85% for SCHD. A 0.65 correlation means they provide meaningful diversification when combined. SDAY.NEO charges 0.85%/yr vs 0.06%/yr for SCHD.

Performance

SDAY.NEO vs. SCHD - 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 Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SDAY.NEO is traded in CAD, while SCHD is traded in USD. To make them comparable, the SCHD values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SDAY.NEO achieves a 15.24% return, which is significantly lower than SCHD's 24.95% return.

SDAY.NEO

• 1D: -1.13%
• 1M: 2.43%
• 6M: 7.41%
• YTD: 15.24%
• 1Y: 20.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHD

• 1D: -0.44%
• 1M: 4.15%
• 6M: 16.94%
• YTD: 24.95%
• 1Y: 28.85%
• 3Y*: 16.68%
• 5Y*: 11.76%
• 10Y*: 13.34%

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

SDAY.NEO vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF	15.24%	4.49%
SCHD Schwab U.S. Dividend Equity ETF	24.83%	2.65%

Correlation

The correlation between SDAY.NEO and SCHD is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025	0.65

The correlation between SDAY.NEO and SCHD has been stable across timeframes, ranging from 0.64 to 0.65 - a consistent structural relationship.

Return for Risk

SDAY.NEO vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SDAY.NEO

SDAY.NEO Risk / Return Rank: 64
SDAY.NEO Sharpe Ratio Rank: 64
SDAY.NEO Sortino Ratio Rank: 67
SDAY.NEO Omega Ratio Rank: 61
SDAY.NEO Calmar Ratio Rank: 66
SDAY.NEO Martin Ratio Rank: 61

SCHD

SCHD Risk / Return Rank: 89
SCHD Sharpe Ratio Rank: 89
SCHD Sortino Ratio Rank: 92
SCHD Omega Ratio Rank: 86
SCHD Calmar Ratio Rank: 94
SCHD Martin Ratio Rank: 85

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.

SDAY.NEO vs. SCHD - 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 Schwab U.S. Dividend Equity ETF (SCHD). 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	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	1.67	2.44	-0.77
Sortino ratio: Return per unit of downside risk	2.44	3.78	-1.33
Omega ratio: Gain probability vs. loss probability	1.29	1.42	-0.13
Calmar ratio: Return relative to maximum drawdown	2.62	6.99	-4.38
Martin ratio: Return relative to average drawdown	8.36	18.05	-9.69

SDAY.NEO vs. SCHD - Sharpe Ratio Comparison

The current SDAY.NEO Sharpe Ratio is 1.67, which is lower than the SCHD Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of SDAY.NEO and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SDAY.NEO vs. SCHD - Drawdown Comparison

The maximum SDAY.NEO drawdown since its inception was -7.75%, smaller than the maximum SCHD drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for SDAY.NEO and SCHD.

Drawdown Indicators

	SDAY.NEO	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-7.75%	-27.31%	+19.56%
Max Drawdown (1Y) Largest decline over 1 year	-7.75%	-4.14%	-3.61%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.24%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.31%	—
Current Drawdown Current decline from peak	-3.60%	-0.44%	-3.16%
Average Drawdown Average peak-to-trough decline	-1.74%	-3.03%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	1.60%	+0.81%

Volatility

SDAY.NEO vs. SCHD - Volatility Comparison

Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO) has a higher volatility of 5.16% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 4.21%. This indicates that SDAY.NEO's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDAY.NEO	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.16%	4.21%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	9.71%	8.86%	+0.85%
Volatility (1Y) Calculated over the trailing 1-year period	12.19%	11.90%	+0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.17%	15.55%	-3.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.17%	17.82%	-5.65%

SDAY.NEO vs. SCHD - Expense Ratio Comparison

SDAY.NEO has a 0.85% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

SDAY.NEO vs. SCHD - Dividend Comparison

SDAY.NEO's dividend yield for the trailing twelve months is around 18.07%, more than SCHD's 3.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHD Schwab U.S. Dividend Equity ETF	3.18%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF	18.07%	8.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

SDAY.NEO and SCHD have a correlation of 0.64, 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 SCHD?

On fees, SCHD is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SDAY.NEO or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.85% for SDAY.NEO.

What is the main difference between SDAY.NEO and SCHD?

SDAY.NEO is categorized as Derivative Income, while SCHD is Dividend. They also come from different issuers: Hamilton Capital and Charles Schwab. Their fees differ too: 0.85% for SDAY.NEO and 0.06% for SCHD.