Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO)
QQCL aims to provide exposure to the performance of the NASDAQ-100® Index while generating high monthly distributions of dividend income and call option premiums through a dynamic covered call option writing program, utilizing leverage to enhance returns.
ETF Info
37962X105
Oct 10, 2023
1x
No Index (Active)
Canada
Distributing
Large-Cap
Growth
Expense Ratio
QQCL.TO features an expense ratio of 0.85%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of CA$10,000 in Global X Enhanced NASDAQ-100 Covered Call ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Global X Enhanced NASDAQ-100 Covered Call ETF had a return of 3.90% year-to-date (YTD) and 37.74% in the last 12 months.
QQCL.TO
3.90%
0.95%
23.09%
37.74%
N/A
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of QQCL.TO, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.94% | 3.90% | |||||||||||
| 2024 | 4.73% | 6.12% | 1.04% | -2.40% | 3.88% | 5.56% | -0.32% | -0.83% | 3.48% | 3.95% | 6.36% | 4.03% | 41.41% |
| 2023 | -3.32% | 6.67% | 2.28% | 5.48% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 83, QQCL.TO is among the top 17% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Global X Enhanced NASDAQ-100 Covered Call ETF provided a 11.73% dividend yield over the last twelve months, with an annual payout of CA$3.05 per share.
| Period | TTM | 2024 | 2023 |
|---|---|---|---|
| Dividend | CA$3.05 | CA$3.00 | CA$0.75 |
Dividend yield | 11.73% | 11.87% | 3.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X Enhanced NASDAQ-100 Covered Call ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | CA$0.30 | CA$0.00 | CA$0.30 | ||||||||||
| 2024 | CA$0.25 | CA$0.25 | CA$0.25 | CA$0.25 | CA$0.25 | CA$0.25 | CA$0.25 | CA$0.25 | CA$0.25 | CA$0.25 | CA$0.25 | CA$0.25 | CA$3.00 |
| 2023 | CA$0.25 | CA$0.25 | CA$0.25 | CA$0.75 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Enhanced NASDAQ-100 Covered Call ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Enhanced NASDAQ-100 Covered Call ETF was 12.54%, occurring on Aug 7, 2024. Recovery took 43 trading sessions.
The current Global X Enhanced NASDAQ-100 Covered Call ETF drawdown is 0.76%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.54% | Jul 11, 2024 | 19 | Aug 7, 2024 | 43 | Oct 8, 2024 | 62 |
| -6.97% | Apr 12, 2024 | 6 | Apr 19, 2024 | 22 | May 22, 2024 | 28 |
| -5.21% | Oct 18, 2023 | 8 | Oct 27, 2023 | 7 | Nov 7, 2023 | 15 |
| -4.42% | Dec 27, 2024 | 12 | Jan 14, 2025 | 3 | Jan 17, 2025 | 15 |
| -3.19% | Jan 23, 2025 | 3 | Jan 27, 2025 | 15 | Feb 18, 2025 | 18 |
Volatility
Volatility Chart
The current Global X Enhanced NASDAQ-100 Covered Call ETF volatility is 4.54%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.