SDAY.NEO vs. TSPY
SDAY.NEO (Hamilton Enhanced U.S. Equity DayMAX™ ETF) and TSPY (TappAlpha S&P 500 Growth & Daily Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, SDAY.NEO returned 20.01% vs 21.30% for TSPY. At a 0.33 correlation, their price movements are largely independent. SDAY.NEO charges 0.85%/yr vs 0.68%/yr for TSPY.
Performance
SDAY.NEO vs. TSPY - Performance Comparison
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Different Trading Currencies
SDAY.NEO is traded in CAD, while TSPY is traded in USD. To make them comparable, the TSPY 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 higher than TSPY's 10.05% return.
SDAY.NEO
- 1D
- -1.13%
- 1M
- 2.43%
- 6M
- 7.41%
- YTD
- 15.24%
- 1Y
- 20.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSPY
- 1D
- -1.12%
- 1M
- 0.81%
- 6M
- 6.95%
- YTD
- 10.05%
- 1Y
- 21.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SDAY.NEO vs. TSPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF | 15.24% | 4.49% |
TSPY TappAlpha S&P 500 Growth & Daily Income ETF | 10.05% | 11.03% |
Correlation
The correlation between SDAY.NEO and TSPY is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | 0.33 |
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Return for Risk
SDAY.NEO vs. TSPY — Risk / Return Rank
SDAY.NEO
TSPY
SDAY.NEO vs. TSPY - 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 TappAlpha S&P 500 Growth & Daily Income ETF (TSPY). 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 | TSPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.32 | +0.29 |
| Martin ratioReturn relative to average drawdown | 8.36 | 8.69 | -0.32 |
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Drawdowns
SDAY.NEO vs. TSPY - Drawdown Comparison
The maximum SDAY.NEO drawdown since its inception was -7.75%, smaller than the maximum TSPY drawdown of -18.80%. Use the drawdown chart below to compare losses from any high point for SDAY.NEO and TSPY.
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Drawdown Indicators
| SDAY.NEO | TSPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.75% | -18.80% | +11.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.75% | -9.21% | +1.46% |
Current DrawdownCurrent decline from peak | -3.60% | -2.53% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -1.74% | -3.04% | +1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.46% | -0.05% |
Volatility
SDAY.NEO vs. TSPY - Volatility Comparison
Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO) has a higher volatility of 5.16% compared to TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) at 3.57%. This indicates that SDAY.NEO's price experiences larger fluctuations and is considered to be riskier than TSPY 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 | TSPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 3.57% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 9.71% | 10.11% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 12.69% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.17% | 16.77% | -4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.17% | 16.77% | -4.60% |
SDAY.NEO vs. TSPY - Expense Ratio Comparison
SDAY.NEO has a 0.85% expense ratio, which is higher than TSPY's 0.68% expense ratio.
Dividends
SDAY.NEO vs. TSPY - Dividend Comparison
SDAY.NEO's dividend yield for the trailing twelve months is around 18.07%, more than TSPY's 14.09% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF | 18.07% | 8.62% | 0.00% |
TSPY TappAlpha S&P 500 Growth & Daily Income ETF | 14.09% | 13.69% | 3.45% |
Frequently Asked Questions
SDAY.NEO and TSPY have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSPY is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSPY is cheaper with a 0.68% expense ratio, compared with 0.85% for SDAY.NEO.
They also come from different issuers: Hamilton Capital and TappAlpha. Their fees differ too: 0.85% for SDAY.NEO and 0.68% for TSPY.
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