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SDAY.NEO vs. ZWH.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SDAY.NEO vs. ZWH.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO) and BMO US High Dividend Covered Call ETF (ZWH.TO).

SDAY.NEO and ZWH.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. ZWH.TO is an actively managed fund by BMO. It was launched on Feb 9, 2014.

Performance

SDAY.NEO vs. ZWH.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 BMO US High Dividend Covered Call ETF (ZWH.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)2025
SDAY.NEO
Hamilton Enhanced U.S. Equity DayMAX™ ETF		5.24%5.49%
ZWH.TO
BMO US High Dividend Covered Call ETF		2.93%7.28%

Returns By Period

In the year-to-date period, SDAY.NEO achieves a 5.24% return, which is significantly higher than ZWH.TO's 2.93% return.

SDAY.NEO

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

ZWH.TO

1D
-0.56%
1M
-3.05%
YTD
2.93%
6M
3.42%
1Y
9.53%
3Y*
10.58%
5Y*
9.46%
10Y*
8.96%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Hamilton Enhanced U.S. Equity DayMAX™ ETF

BMO US High Dividend Covered Call ETF

Often compared with SDAY.NEO:
SDAY.NEO vs. QDAY.NEOSDAY.NEO vs. USCL.TOSDAY.NEO vs. CDAY.NEOSDAY.NEO vs. HYLD.TOSDAY.NEO vs. SCHDSDAY.NEO vs. HMAX.TOSDAY.NEO vs. QQQ
Often compared with ZWH.TO:
ZWH.TO vs. ZWC.TOZWH.TO vs. JEPIZWH.TO vs. XDIV.TOZWH.TO vs. XEI.TOZWH.TO vs. SCHDZWH.TO vs. PDF.TOZWH.TO vs. HMAX.TO

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

SDAY.NEO has a 0.85% expense ratio, which is higher than ZWH.TO's 0.65% expense ratio.

SDAY.NEO
Hamilton Enhanced U.S. Equity DayMAX™ ETF
ZWH.TO
BMO US High Dividend Covered Call ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SDAY.NEO
ZWH.TO
ZWH.TO Risk / Return Rank: 3131
Overall Rank
ZWH.TO Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
ZWH.TO Sortino Ratio Rank: 3131
Sortino Ratio Rank
ZWH.TO Omega Ratio Rank: 3434
Omega Ratio Rank
ZWH.TO Calmar Ratio Rank: 2727
Calmar Ratio Rank
ZWH.TO Martin Ratio Rank: 2828
Martin Ratio Rank
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. ZWH.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 BMO US High Dividend Covered Call ETF (ZWH.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.

SDAY.NEO vs. ZWH.TO - Sharpe Ratio Comparison

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Sharpe Ratios by Period

SDAY.NEOZWH.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

0.67

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.82

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.61

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.33

0.74

+0.59

Correlation

The correlation between SDAY.NEO and ZWH.TO is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SDAY.NEO vs. ZWH.TO - Dividend Comparison

SDAY.NEO's dividend yield for the trailing twelve months is around 11.50%, more than ZWH.TO's 6.26% yield.

TTM20252024202320222021202020192018201720162015
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%
ZWH.TO
BMO US High Dividend Covered Call ETF		6.26%6.22%4.87%5.71%6.03%5.64%6.59%5.97%5.66%5.46%5.57%5.31%

Drawdowns

SDAY.NEO vs. ZWH.TO - Drawdown Comparison

The maximum SDAY.NEO drawdown since its inception was -8.27%, smaller than the maximum ZWH.TO drawdown of -34.01%. Use the drawdown chart below to compare losses from any high point for SDAY.NEO and ZWH.TO.

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Drawdown Indicators

SDAY.NEOZWH.TODifference

Max Drawdown

Largest peak-to-trough decline

-8.27%

-34.01%

+25.74%

Max Drawdown (1Y)

Largest decline over 1 year

—

-11.79%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-15.59%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.01%

—

Current Drawdown

Current decline from peak

-3.72%

-3.05%

-0.67%

Average Drawdown

Average peak-to-trough decline

-1.62%

-3.14%

+1.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

3.57%

—

Volatility

SDAY.NEO vs. ZWH.TO - Volatility Comparison

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Volatility by Period

SDAY.NEOZWH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

—

3.58%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

7.46%

—

Volatility (1Y)

Calculated over the trailing 1-year period

11.95%

14.39%

-2.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.95%

11.59%

+0.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.95%

14.82%

-2.87%