- Issuer
- Global X
- Inception Date
- Jun 17, 2008
- Category
- Inverse Equities
- Leveraged
- -2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
QQD.TO Performance Chart
BetaPro NASDAQ-100 -2x Daily Bear ETF (QQD.TO) is down 32.8% since the beginning of the year. QQD.TO is currently trading at CA$22 per share. Investors who bought CA$1,000 worth of QQD.TO shares 5 years ago would now be looking at an investment worth CA$155.
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Returns By Period
BetaPro NASDAQ-100 -2x Daily Bear ETF (QQD.TO) has returned -32.75% so far this year and -45.33% over the past 12 months. Over the last ten years, QQD.TO has returned -43.50% per year, falling short of the S&P 500 Index benchmark, which averaged 14.61% annually.
BetaPro NASDAQ-100 -2x Daily Bear ETF
- 1D
- -3.58%
- 1M
- -1.76%
- YTD
- -32.75%
- 6M
- -31.73%
- 1Y
- -45.33%
- 3Y*
- -38.44%
- 5Y*
- -31.14%
- 10Y*
- -43.50%
Benchmark (S&P 500 Index)
- 1D
- 0.93%
- 1M
- 1.99%
- YTD
- 13.67%
- 6M
- 12.89%
- 1Y
- 25.52%
- 3Y*
- 21.80%
- 5Y*
- 14.76%
- 10Y*
- 14.61%
QQD.TO Monthly Returns History
Based on dividend-adjusted daily data since Jul 24, 2008, QQD.TO's average daily return is -0.15%, while the average monthly return is -3.35%.
Historically, 33% of months were positive and 67% were negative. The best month was Apr 2022 with a return of +29.8%, while the worst month was Nov 2020 at -60.1%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 7 months.
On a daily basis, QQD.TO closed higher 42% of trading days. The best single day was Mar 16, 2020 with a return of +25.3%, while the worst single day was Nov 26, 2020 at -49.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.95% | 4.29% | 9.85% | -25.44% | -18.28% | -1.76% | -32.75% | ||||||
| 2025 | -4.31% | 5.80% | 16.07% | -10.10% | -16.39% | -11.38% | -4.03% | -1.27% | -9.68% | -9.14% | 2.83% | 1.68% | -36.36% |
| 2024 | -3.01% | -9.49% | -1.78% | 9.66% | -10.86% | -10.77% | 2.75% | -2.51% | -4.82% | 2.01% | -9.67% | -0.95% | -34.56% |
| 2023 | -18.53% | 0.36% | -16.84% | -0.55% | -13.75% | -11.45% | -6.68% | 3.47% | 11.67% | 4.31% | -18.04% | -9.62% | -56.98% |
| 2022 | 17.22% | 6.88% | -10.82% | 29.84% | -0.63% | 17.41% | -22.51% | 9.78% | 23.41% | -9.28% | -12.27% | 20.21% | 69.96% |
| 2021 | -1.81% | -1.33% | -5.08% | -11.24% | 1.35% | -12.38% | -5.54% | -8.50% | 11.70% | -14.63% | -4.87% | -3.53% | -45.18% |
Benchmark Metrics
BetaPro NASDAQ-100 -2x Daily Bear ETF has an annualized alpha of -11.37%, beta of -1.92, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since July 24, 2008.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -290.22%), but participation in market rallies was also limited (-149.27%) - a profile typical of counter-cyclical assets.
- This ETF had an annualized alpha of -11.37% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of -1.92 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -11.37%
- Beta
- -1.92
- R²
- 0.71
- Upside Capture
- -149.27%
- Downside Capture
- -290.22%
Return for Risk
Risk / Return Rank
QQD.TO ranks 1 for risk / return — in the bottom 1% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BetaPro NASDAQ-100 -2x Daily Bear ETF (QQD.TO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QQD.TO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.25 | ||
| Sortino ratioReturn per unit of downside risk | -4.82 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.35 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 2.79 | -3.78 |
| Martin ratioReturn relative to average drawdown | -1.99 | 10.35 | -12.34 |
Dividends
Dividend History
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BetaPro NASDAQ-100 -2x Daily Bear 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 BetaPro NASDAQ-100 -2x Daily Bear ETF was 99.99%, occurring on Jun 15, 2026. The portfolio has not yet recovered.
The current BetaPro NASDAQ-100 -2x Daily Bear ETF drawdown is 99.99%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -99.99%Jun 2026 | 17y 7mo | — | 17y 7moNov 2008 - now |
Financial crisis2007–2009 | -31.35%Nov 2008 | 7d | 15d | 22dOct 2008 - Nov 2008 |
Financial crisis2007–2009 | -15.50%Oct 2008 | 0s | 10d | 10dOct 2008 - Oct 2008 |
Financial crisis2007–2009 | -15.25%Aug 2008 | 16d | 21d | 1mo 7dJul 2008 - Sep 2008 |
Financial crisis2007–2009 | -10.52%Sep 2008 | 0s | 2d | 2dSep 2008 - Oct 2008 |
Drawdown Indicators
| QQD.TO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -48.87% | -51.12% |
Max Drawdown (1Y)Largest decline over 1 year | -45.99% | -9.17% | -36.82% |
Max Drawdown (3Y)Largest decline over 3 years | -80.24% | -19.59% | -60.65% |
Max Drawdown (5Y)Largest decline over 5 years | -89.01% | -23.14% | -65.87% |
Max Drawdown (10Y)Largest decline over 10 years | -99.67% | -27.97% | -71.70% |
Current DrawdownCurrent decline from peak | -99.99% | 0.00% | -99.99% |
Average DrawdownAverage peak-to-trough decline | -92.21% | -9.64% | -82.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.85% | 2.47% | +20.38% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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