XQQU.TO vs. QDAY.NEO

Last updated Jun 4, 2026

XQQU.TO (iShares NASDAQ 100 Index ETF) and QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) are both exchange-traded funds - XQQU.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while QDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital. XQQU.TO is passively managed, while QDAY.NEO is actively managed. Their correlation of 0.92 suggests significant overlap in exposure. XQQU.TO charges 0.39%/yr vs 0.85%/yr for QDAY.NEO.

Performance

XQQU.TO vs. QDAY.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares NASDAQ 100 Index ETF (XQQU.TO) and Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XQQU.TO achieves a 22.83% return, which is significantly lower than QDAY.NEO's 31.76% return.

XQQU.TO

• 1D: 0.47%
• 1M: 13.16%
• YTD: 22.83%
• 6M: 19.29%
• 1Y: 43.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDAY.NEO

• 1D: 0.41%
• 1M: 18.94%
• YTD: 31.76%
• 6M: 28.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XQQU.TO vs. QDAY.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
XQQU.TO iShares NASDAQ 100 Index ETF	22.83%	10.85%
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	31.76%	14.84%

Correlation

The correlation between XQQU.TO and QDAY.NEO is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.92

Return for Risk

XQQU.TO vs. QDAY.NEO — Risk / Return Rank

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

XQQU.TO

XQQU.TO Risk / Return Rank: 76
XQQU.TO Sharpe Ratio Rank: 84
XQQU.TO Sortino Ratio Rank: 80
XQQU.TO Omega Ratio Rank: 80
XQQU.TO Calmar Ratio Rank: 71
XQQU.TO Martin Ratio Rank: 63

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.

XQQU.TO vs. QDAY.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 Index ETF (XQQU.TO) and Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO). 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.

	XQQU.TO	QDAY.NEO	Difference
Sharpe ratio Return per unit of total volatility	2.81	—	—
Sortino ratio Return per unit of downside risk	3.67	—	—
Omega ratio Gain probability vs. loss probability	1.49	—	—
Calmar ratio Return relative to maximum drawdown	3.61	—	—
Martin ratio Return relative to average drawdown	11.54	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XQQU.TO	QDAY.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.61	2.63	-1.02

Drawdowns

XQQU.TO vs. QDAY.NEO - Drawdown Comparison

The maximum XQQU.TO drawdown since its inception was -22.68%, which is greater than QDAY.NEO's maximum drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for XQQU.TO and QDAY.NEO.

Drawdown Indicators

	XQQU.TO	QDAY.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-22.68%	-19.44%	-3.24%
Max Drawdown (1Y) Largest decline over 1 year	-12.16%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.37%	-5.23%	+1.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.79%	—	—

Volatility

Volatility by Period

	XQQU.TO	QDAY.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.61%	22.72%	-7.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	22.72%	-2.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	22.72%	-2.95%

XQQU.TO vs. QDAY.NEO - Expense Ratio Comparison

XQQU.TO has a 0.39% expense ratio, which is lower than QDAY.NEO's 0.85% expense ratio.

Dividends

XQQU.TO vs. QDAY.NEO - Dividend Comparison

XQQU.TO's dividend yield for the trailing twelve months is around 0.21%, less than QDAY.NEO's 13.90% yield.

Position	TTM	2025	2024	2023
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	13.90%	8.78%	0.00%	0.00%
XQQU.TO iShares NASDAQ 100 Index ETF	0.21%	0.26%	0.20%	0.10%

Frequently Asked Questions

Can I hold both XQQU.TO and QDAY.NEO in my portfolio?

With a correlation of 0.92, XQQU.TO and QDAY.NEO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XQQU.TO or QDAY.NEO?

On fees, XQQU.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XQQU.TO or QDAY.NEO?

XQQU.TO is cheaper with a 0.39% expense ratio, compared with 0.85% for QDAY.NEO.

What is the main difference between XQQU.TO and QDAY.NEO?

XQQU.TO is categorized as Nasdaq-100, while QDAY.NEO is Derivative Income. They also come from different issuers: iShares and Hamilton Capital. Their fees differ too: 0.39% for XQQU.TO and 0.85% for QDAY.NEO.