SDAY.NEO vs. UTES.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO) and Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO).

SDAY.NEO and UTES.TO 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. UTES.TO is an actively managed fund by Evolve. It was launched on Sep 3, 2024.

Performance

SDAY.NEO vs. UTES.TO - 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 Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO). The values are adjusted to include any dividend payments, if applicable.

SDAY.NEO vs. UTES.TO - Yearly Performance Comparison

	2026 (YTD)	2025
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF	5.24%	5.49%
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF	10.78%	6.79%

Returns By Period

In the year-to-date period, SDAY.NEO achieves a 5.24% return, which is significantly lower than UTES.TO's 10.78% return.

SDAY.NEO

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

UTES.TO

• 1D: -0.31%
• 1M: 0.27%
• YTD: 10.78%
• 6M: 10.24%
• 1Y: 22.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SDAY.NEO vs. UTES.TO - Expense Ratio Comparison

SDAY.NEO has a 0.85% expense ratio, which is higher than UTES.TO's 0.60% expense ratio.

SDAY.NEO

Hamilton Enhanced U.S. Equity DayMAX™ ETF

UTES.TO

Evolve Canadian Utilities Enhanced Yield Index Fund ETF

Return for Risk

SDAY.NEO vs. UTES.TO — Risk / Return Rank

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

UTES.TO

UTES.TO Risk / Return Rank: 89
UTES.TO Sharpe Ratio Rank: 91
UTES.TO Sortino Ratio Rank: 92
UTES.TO Omega Ratio Rank: 90
UTES.TO Calmar Ratio Rank: 85
UTES.TO Martin Ratio Rank: 88

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. UTES.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 Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.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.

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	UTES.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	1.44	-0.11

Correlation

The correlation between SDAY.NEO and UTES.TO is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SDAY.NEO vs. UTES.TO - Dividend Comparison

SDAY.NEO's dividend yield for the trailing twelve months is around 11.50%, less than UTES.TO's 17.25% yield.

	TTM	2025	2024
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF	11.50%	8.60%	0.00%
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF	17.25%	18.30%	6.05%

Drawdowns

SDAY.NEO vs. UTES.TO - Drawdown Comparison

The maximum SDAY.NEO drawdown since its inception was -8.27%, smaller than the maximum UTES.TO drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for SDAY.NEO and UTES.TO.

Drawdown Indicators

	SDAY.NEO	UTES.TO	Difference
Max Drawdown Largest peak-to-trough decline	-8.27%	-10.19%	+1.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.29%	—
Current Drawdown Current decline from peak	-3.72%	-1.25%	-2.47%
Average Drawdown Average peak-to-trough decline	-1.62%	-2.63%	+1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.99%	—

Volatility

Volatility by Period

	SDAY.NEO	UTES.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.67%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.95%	10.82%	+1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.95%	10.99%	+0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.95%	10.99%	+0.96%