SDAY.NEO vs. SPY

Last updated Apr 2, 2026

Compare and contrast key facts about Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO) and State Street SPDR S&P 500 ETF (SPY).

SDAY.NEO and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.

Performance

SDAY.NEO vs. SPY - 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 State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

SDAY.NEO vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF	5.24%	5.49%
SPY State Street SPDR S&P 500 ETF	-2.43%	10.24%

Different Trading Currencies

SDAY.NEO is traded in CAD, while SPY is traded in USD. To make them comparable, the SPY 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 5.24% return, which is significantly higher than SPY's -3.08% return.

SDAY.NEO

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

SPY

• 1D: 0.00%
• 1M: -3.37%
• YTD: -3.08%
• 6M: -2.35%
• 1Y: 14.02%
• 3Y*: 19.32%
• 5Y*: 14.02%
• 10Y*: 14.74%

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

SDAY.NEO vs. SPY - Expense Ratio Comparison

SDAY.NEO has a 0.85% expense ratio, which is higher than SPY's 0.09% expense ratio.

SDAY.NEO

Hamilton Enhanced U.S. Equity DayMAX™ ETF

SPY

State Street SPDR S&P 500 ETF

Return for Risk

SDAY.NEO vs. SPY — Risk / Return Rank

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

SPY

SPY Risk / Return Rank: 59
SPY Sharpe Ratio Rank: 51
SPY Sortino Ratio Rank: 56
SPY Omega Ratio Rank: 60
SPY Calmar Ratio Rank: 58
SPY Martin Ratio Rank: 69

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. SPY - 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 State Street SPDR S&P 500 ETF (SPY). 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	SPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.75	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.93	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	1.05	+0.28

Correlation

The correlation between SDAY.NEO and SPY is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SDAY.NEO vs. SPY - Dividend Comparison

SDAY.NEO's dividend yield for the trailing twelve months is around 11.50%, more than SPY's 1.13% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF	11.50%	8.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	1.13%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Drawdowns

SDAY.NEO vs. SPY - Drawdown Comparison

The maximum SDAY.NEO drawdown since its inception was -8.27%, smaller than the maximum SPY drawdown of -27.34%. Use the drawdown chart below to compare losses from any high point for SDAY.NEO and SPY.

Drawdown Indicators

	SDAY.NEO	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-8.27%	-55.19%	+46.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-3.72%	-5.53%	+1.81%
Average Drawdown Average peak-to-trough decline	-1.62%	-9.09%	+7.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.54%	—

Volatility

Volatility by Period

	SDAY.NEO	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.95%	18.83%	-6.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.95%	15.15%	-3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.95%	16.20%	-4.25%