ZWT.TO vs. SDAY.NEO

Last updated Apr 2, 2026

Compare and contrast key facts about BMO Covered Call Technology ETF (ZWT.TO) and Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO).

ZWT.TO and SDAY.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZWT.TO is an actively managed fund by BMO. It was launched on Jan 19, 2021. SDAY.NEO is an actively managed fund by Hamilton Capital. It was launched on Jul 14, 2025.

Performance

ZWT.TO vs. SDAY.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Covered Call Technology ETF (ZWT.TO) and Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025
ZWT.TO BMO Covered Call Technology ETF	-6.29%	12.63%
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF	5.24%	5.49%

Returns By Period

In the year-to-date period, ZWT.TO achieves a -6.29% return, which is significantly lower than SDAY.NEO's 5.24% return.

ZWT.TO

• 1D: 1.31%
• 1M: -1.51%
• YTD: -6.29%
• 6M: -4.56%
• 1Y: 23.85%
• 3Y*: 30.28%
• 5Y*: 17.79%
• 10Y*: —

SDAY.NEO

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

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

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

ZWT.TO has a 0.71% expense ratio, which is lower than SDAY.NEO's 0.85% expense ratio.

SDAY.NEO

Hamilton Enhanced U.S. Equity DayMAX™ ETF

ZWT.TO

BMO Covered Call Technology ETF

Return for Risk

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

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

ZWT.TO

ZWT.TO Risk / Return Rank: 50
ZWT.TO Sharpe Ratio Rank: 46
ZWT.TO Sortino Ratio Rank: 51
ZWT.TO Omega Ratio Rank: 51
ZWT.TO Calmar Ratio Rank: 57
ZWT.TO Martin Ratio Rank: 45

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.

ZWT.TO vs. SDAY.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Covered Call Technology ETF (ZWT.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.

	ZWT.TO	SDAY.NEO	Difference
Sharpe ratio Return per unit of total volatility	0.90	—	—
Sortino ratio Return per unit of downside risk	1.41	—	—
Omega ratio Gain probability vs. loss probability	1.20	—	—
Calmar ratio Return relative to maximum drawdown	1.55	—	—
Martin ratio Return relative to average drawdown	4.59	—	—
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

	ZWT.TO	SDAY.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	1.33	-0.57

Correlation

The correlation between ZWT.TO and SDAY.NEO is 0.24, 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

ZWT.TO vs. SDAY.NEO - Dividend Comparison

ZWT.TO's dividend yield for the trailing twelve months is around 5.09%, less than SDAY.NEO's 11.50% yield.

	TTM	2025	2024	2023	2022	2021
ZWT.TO BMO Covered Call Technology ETF	5.09%	4.46%	3.34%	3.83%	6.54%	4.00%
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF	11.50%	8.60%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ZWT.TO vs. SDAY.NEO - Drawdown Comparison

The maximum ZWT.TO drawdown since its inception was -35.84%, which is greater than SDAY.NEO's maximum drawdown of -8.27%. Use the drawdown chart below to compare losses from any high point for ZWT.TO and SDAY.NEO.

Drawdown Indicators

	ZWT.TO	SDAY.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-35.84%	-8.27%	-27.57%
Max Drawdown (1Y) Largest decline over 1 year	-15.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.84%	—	—
Current Drawdown Current decline from peak	-10.96%	-3.72%	-7.24%
Average Drawdown Average peak-to-trough decline	-9.07%	-1.62%	-7.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.37%	—	—

Volatility

Volatility by Period

	ZWT.TO	SDAY.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.72%	11.95%	+14.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.25%	11.95%	+11.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.16%	11.95%	+11.21%