XVLU.TO vs. SDAY.NEO
XVLU.TO (iShares MSCI USA Value Factor Index ETF) and SDAY.NEO (Hamilton Enhanced U.S. Equity DayMAX™ ETF) are both exchange-traded funds - XVLU.TO is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index, while SDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital. XVLU.TO is passively managed, while SDAY.NEO is actively managed. A 0.51 correlation means they provide meaningful diversification when combined. XVLU.TO charges 0.32%/yr vs 0.85%/yr for SDAY.NEO.
Performance
XVLU.TO vs. SDAY.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, XVLU.TO achieves a 50.62% return, which is significantly higher than SDAY.NEO's 9.14% return.
XVLU.TO
- 1D
- 0.06%
- 1M
- 23.30%
- YTD
- 50.62%
- 6M
- 51.55%
- 1Y
- 95.75%
- 3Y*
- 35.04%
- 5Y*
- 19.03%
- 10Y*
- —
SDAY.NEO
- 1D
- 0.77%
- 1M
- 3.97%
- YTD
- 9.14%
- 6M
- 6.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XVLU.TO vs. SDAY.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XVLU.TO iShares MSCI USA Value Factor Index ETF | 50.62% | 20.40% |
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF | 9.14% | 4.48% |
Correlation
The correlation between XVLU.TO and SDAY.NEO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.51 |
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Return for Risk
XVLU.TO vs. SDAY.NEO — Risk / Return Rank
XVLU.TO
SDAY.NEO
XVLU.TO vs. SDAY.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Value Factor Index ETF (XVLU.TO) and Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.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.
| XVLU.TO | SDAY.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.96 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 13.34 | — | — |
| Martin ratioReturn relative to average drawdown | 55.16 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XVLU.TO | SDAY.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.59 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 1.39 | -0.45 |
Drawdowns
XVLU.TO vs. SDAY.NEO - Drawdown Comparison
The maximum XVLU.TO drawdown since its inception was -34.40%, which is greater than SDAY.NEO's maximum drawdown of -7.75%. Use the drawdown chart below to compare losses from any high point for XVLU.TO and SDAY.NEO.
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Drawdown Indicators
| XVLU.TO | SDAY.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.40% | -7.75% | -26.65% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -17.13% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.16% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.27% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -1.86% | -4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | — | — |
Volatility
XVLU.TO vs. SDAY.NEO - Volatility Comparison
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Volatility by Period
| XVLU.TO | SDAY.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.55% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.24% | 11.55% | +5.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 11.55% | +4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.82% | 11.55% | +7.27% |
XVLU.TO vs. SDAY.NEO - Expense Ratio Comparison
XVLU.TO has a 0.32% expense ratio, which is lower than SDAY.NEO's 0.85% expense ratio.
Dividends
XVLU.TO vs. SDAY.NEO - Dividend Comparison
XVLU.TO's dividend yield for the trailing twelve months is around 1.12%, less than SDAY.NEO's 16.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF | 16.28% | 8.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XVLU.TO iShares MSCI USA Value Factor Index ETF | 1.12% | 1.75% | 2.17% | 2.26% | 2.51% | 2.03% | 2.72% | 0.68% |
Frequently Asked Questions
XVLU.TO and SDAY.NEO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XVLU.TO is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XVLU.TO is cheaper with a 0.32% expense ratio, compared with 0.85% for SDAY.NEO.
XVLU.TO is categorized as Large Cap Value Equities, while SDAY.NEO is Derivative Income. They also come from different issuers: iShares and Hamilton Capital. Their fees differ too: 0.32% for XVLU.TO and 0.85% for SDAY.NEO.
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