SDAY.NE Review: Hamilton Enhanced U.S. Equity DayMAX ETF - Canada
Hamilton Enhanced U.S. Equity DayMAX ETF - Canada (SDAY.NE) is a diversified fund listed on the NEO Exchange. Below is our independent review using the Dependable Income Investing 13-factor scoring system, covering Fund Attributes, Risk, and Return — designed specifically for income-focused investors.
Fund Attributes 20% of overall score
Fund Attributes cover the foundational characteristics of SDAY.NE: cost, company backing, track record, and size. These factors reflect the fund's stability and cost-efficiency.
Expense Ratio (25%)
MER is 1.05% per ETF Facts (June 18 2026) - management fee alone is 0.85% but MER is the authoritative figure. Higher due to leverage costs - approximately 25% leverage via cash borrowing.
Fund Company Size (5%)
Hamilton ETFs (Hamilton Capital Partners Inc.) reports over $18 billion in total assets under management on its website - Canada's largest independent ETF provider.
Fund History (40%)
Fund inception was July 14 2025 - about 1.2 years old as of the review date.
Fund AUM (30%)
Fund AUM is $329.2 million CAD per the fund product page - ETF Facts (April 30 2026) shows $233.6 million reflecting growth since then.
Risk 35% of overall score
Risk factors evaluate how SDAY.NE manages volatility, diversification, and the nature of its underlying assets. These are critical for income investors who prioritise capital preservation.
Volatility
Lower volatility may indicate more stability — important for investors living off their income.
Beta is 0.29 vs SPY over the fund's available history (2025-07-18 to 2026-09-11) - low market sensitivity (|beta| < 0.4). Standalone volatility is 12.86% annualized (weekly total returns) - used as the Volatility rating per the low-beta override rule - score 4.
Sector Diversification
Holding across more sectors reduces the impact of any single industry downturn.
Geographic Diversification
Exposure across geographies can reduce risk from any single country's economic conditions.
Fund Risk
The fund's overall risk profile, based on self-reported classifications where available.
Underlying Assets
What the fund actually holds — stocks, bonds, synthetics, or other funds — affects risk profile significantly.
See our full Risk analysis for SDAY.NE — including analyst notes on volatility, diversification, and underlying assets.
View Plans →Return 45% of overall score
Return factors assess the income generation quality of SDAY.NE: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.
Yield
The current dividend yield, reflecting the annual income generated relative to fund price.
Yield Stability
How consistent the distribution amounts have been over time — critical for income investors who budget around payments.
Capital History
The fund's track record of price appreciation or depreciation, reflecting total return alongside income.
Distribution Frequency
How often the fund pays distributions — monthly payments are generally preferred by income investors.
Fund pays semi-monthly (twice per month) - confirmed by 27 distinct payment dates over the fund's 14-month history in the price data series - more frequent than standard monthly funds.
See our full Return analysis for SDAY.NE — yield rating, distribution consistency score, and capital history.
View Plans →Our Review Methodology
Every fund reviewed on Dependable Income Investing is scored using our 13-factor Fund Report Card, organised into three weighted categories: Fund Attributes (20%), Risk (35%), and Return (45%). Each criterion is rated 1–5 by our analysts based on publicly available fund data.
We also calculate a Dependability Score — a weighted composite of six income-specific factors ranked by importance for retirement income investors: Yield Stability, Yield, Volatility, Capital History, Fund Risk, and Underlying Assets. This score is designed to answer the question income investors care about most: can I depend on this fund to pay me reliably?
Full scores, ratings, and analyst notes are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions About SDAY.NE
What is SDAY.NE's expense ratio?
MER is 1.05% per ETF Facts (June 18 2026) - management fee alone is 0.85% but MER is the authoritative figure. Higher due to leverage costs - approximately 25% leverage via cash borrowing.
How long has SDAY.NE been trading?
Fund inception was July 14 2025 - about 1.2 years old as of the review date.
How large is SDAY.NE by assets under management?
Fund AUM is $329.2 million CAD per the fund product page - ETF Facts (April 30 2026) shows $233.6 million reflecting growth since then.
Who manages SDAY.NE?
Hamilton ETFs (Hamilton Capital Partners Inc.) reports over $18 billion in total assets under management on its website - Canada's largest independent ETF provider.
Where can I see the full SDAY.NE review?
The complete 13-factor review — including all Risk and Return scores, analyst notes, and your Dependability Score — is available in the Dependable Income Investing app.
Does SDAY.NE pay monthly dividends?
Fund pays semi-monthly (twice per month) - confirmed by 27 distinct payment dates over the fund's 14-month history in the price data series - more frequent than standard monthly funds. Full distribution history and yield stability score are available in the Dependable Income Investing app.
Is SDAY.NE a high-volatility fund?
Beta is 0.29 vs SPY over the fund's available history (2025-07-18 to 2026-09-11) - low market sensitivity (|beta| < 0.4). Standalone volatility is 12.86% annualized (weekly total returns) - used as the Volatility rating per the low-beta override rule - score 4. See the full volatility score and risk analysis in the Dependable Income Investing app.
How often does SDAY.NE pay distributions?
Fund pays semi-monthly (twice per month) - confirmed by 27 distinct payment dates over the fund's 14-month history in the price data series - more frequent than standard monthly funds. Distribution consistency and yield stability ratings are available in the app.
See the Full SDAY.NE Review
The Dependable Income Investing app gives you the complete picture: all 13 scoring factors, analyst notes, Dependability Score, and tools to compare SDAY.NE against other income funds side by side.
View Plans →Also available: free fund comparison tools in the app.