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Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) Alternatives

ETF · Currency in CAD · Last updated Aug 1, 2026

QQQL seeks to replicate 1.25 times the performance of an index of the largest domestic and international nonfinancial companies listed on The Nasdaq Stock Market, using leverage through cash borrowings or other permitted methods.

Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) belongs to the Nasdaq-100 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with QQQL.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to QQQL.TO

QQQL.TO charges 0.49% annually. There are 13 ETFs in the Nasdaq-100 category with lower expense ratios, going as low as 0.15%.

SymbolNameExpense RatioAUMInception
QQQX.TO
Global X Nasdaq-100 Index ETF0.15%—May 2024QQQL.TO vs QQQX.TO
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged0.20%3.73BMay 2021QQQL.TO vs QQC-F.TO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged0.20%3.73BMay 2021QQQL.TO vs QQC.TO
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETF0.21%63.79MAug 2024QQQL.TO vs QQCI.TO
QQCE.TO
Invesco ESG NASDAQ 100 Index ETF0.21%—Nov 2021QQQL.TO vs QQCE.TO

Best Risk-Adjusted Alternatives to QQQL.TO

QQQL.TO has a PortfoliosLab risk / return rank of 56. There are 3 ETFs in the Nasdaq-100 category with higher risk-adjusted ranks, going as high as 66.

SymbolNameRisk / Return RankAUMInception
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETF
66
63.79MAug 2024QQQL.TO vs QQCI.TO
QQQT.TO
Evolve NASDAQ Technology Index Fund CAD Hedged
57
167.02MJul 2023QQQL.TO vs QQQT.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF
56
136.22MSep 2024QQQL.TO vs JEPQ.TO
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF
56
353.68MOct 2023QQQL.TO vs QQCL.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETF
56
683.57MSep 2011QQQL.TO vs QQCC.TO

Top Performing QQQL.TO Alternatives (YTD)

QQQL.TO is at 17.78% YTD. There are 2 ETFs in the Nasdaq-100 category with higher YTD returns, going as high as 20.16%.

SymbolNameYTD ReturnAUMInception
QQQT.TO
Evolve NASDAQ Technology Index Fund CAD Hedged
20.16%
167.02MJul 2023QQQL.TO vs QQQT.TO
TQQQ.TO
BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alterna...
19.72%
—Jun 2025QQQL.TO vs TQQQ.TO
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF
17.50%
440.60MJun 2008QQQL.TO vs QQU.TO
QQCE.TO
Invesco ESG NASDAQ 100 Index ETF
16.00%
—Nov 2021QQQL.TO vs QQCE.TO
QQQQ.TO
Mackenzie NASDAQ 100 Index ETF
14.66%
—Aug 2025QQQL.TO vs QQQQ.TO

Lowest Volatility Alternatives to QQQL.TO

QQQL.TO has 22.60% 1-year volatility. There are 16 ETFs in the Nasdaq-100 category with lower 1-year volatility, going as low as 14.92%.

SymbolNameVolatility 1YAUMInception
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETF14.92%63.79MAug 2024QQQL.TO vs QQCI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF15.72%136.22MSep 2024QQQL.TO vs JEPQ.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETF16.07%683.57MSep 2011QQQL.TO vs QQCC.TO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged18.80%3.73BMay 2021QQQL.TO vs QQC.TO
HXQ.TO
Global X Nasdaq-100 Index Corporate Class ETF18.98%1.73BApr 2016QQQL.TO vs HXQ.TO

Lowest Drawdown Alternatives to QQQL.TO

QQQL.TO has a 1-year max drawdown of -13.02%. There are 10 ETFs in the Nasdaq-100 category with shallower 1-year drawdowns, going as shallow as -8.48%.

SymbolNameMax Drawdown 1YAUMInception
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETF
-8.48%
63.79MAug 2024QQQL.TO vs QQCI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF
-9.40%
136.22MSep 2024QQQL.TO vs JEPQ.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETF
-10.36%
683.57MSep 2011QQQL.TO vs QQCC.TO
XQQU.TO
iShares NASDAQ 100 Index ETF
-12.09%
—Sep 2023QQQL.TO vs XQQU.TO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged
-12.14%
3.73BMay 2021QQQL.TO vs QQC.TO

Other ETFs from Global X

The 10 most viewed Global X ETFs shown here include CASH.TO, CBIL.TO, HXS.TO and span 12 categories. AUM among these funds goes as high as $7B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
CASH.TO
Global X High Interest Savings ETFMoney Market
100
1.20%
6.55BNov 2021QQQL.TO vs CASH.TO
CBIL.TO
Global X 0-3 Month T-Bill ETFCanadian Government Bonds
99
1.23%
2.56BApr 2023QQQL.TO vs CBIL.TO
HXS.TO
Global X S&P 500 Index Corporate Class ETFS&P 500
70
12.29%
7.40BNov 2010QQQL.TO vs HXS.TO
HXT.TO
Global X S&P/TSX 60 Index Corporate Class ETFCanada Equities
93
13.38%
5.48BSep 2010QQQL.TO vs HXT.TO
CHPS.TO
Global X Artificial Intelligence Semiconductor Ind...Artificial Intelligence, Semiconductors, Technology Equities
80
44.43%
370.09MJun 2021QQQL.TO vs CHPS.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETFMoney Market
65
1.00%
1.93BFeb 2020QQQL.TO vs HSAV.TO
HBNK.TO
Global X Equal Weight Banks Index ETFFinancials Equities, Equal Weight
98
32.74%
—Jul 2023QQQL.TO vs HBNK.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
79
13.52%
244.05MJul 2023QQQL.TO vs USCL.TO
HEQT.TO
Global X All-Equity Asset Allocation ETFGlobal Equities
85
14.01%
—Sep 2019QQQL.TO vs HEQT.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
93
31.48%
784.46MApr 2011QQQL.TO vs ENCC.TO

Often Compared With QQQL.TO

Investors most often compare QQQL.TO with QQQM, GPIQ, SMH. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
QQQM
Invesco NASDAQ 100 ETFNasdaq-100
49
12.29%
97.11BOct 2020QQQL.TO vs QQQM
GPIQ
Goldman Sachs Nasdaq-100 Core Premium Income ETFNasdaq-100, Dividend
60
11.67%
5.08BOct 2023QQQL.TO vs GPIQ
SMH
VanEck Semiconductor ETFSemiconductors, Technology Equities
87
50.09%
68.10BDec 2011QQQL.TO vs SMH
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
16
1.29%
1.82BJan 2025QQQL.TO vs HHIS.TO
USSL.TO
Global X Enhanced S&P 500 Index ETFLeveraged Equities, S&P 500
81
14.40%
10.93MMay 2024QQQL.TO vs USSL.TO
VEQT.TO
Vanguard All-Equity ETF PortfolioGlobal Equities
86
13.16%
15.67BJan 2019QQQL.TO vs VEQT.TO
QQI.TO
BetaPro Nasdaq-100 Daily Inverse ETFNasdaq-100, Inverse Equities—
-10.17%
—Sep 2025QQQL.TO vs QQI.TO
AMHE.TO
Harvest Amazon Enhanced High Income Shares ETF - C...Leveraged Equities
26
20.24%
—Aug 2024QQQL.TO vs AMHE.TO
ZWT.TO
BMO Covered Call Technology ETFTechnology Equities, Derivative Income
41
12.17%
—Jan 2021QQQL.TO vs ZWT.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
99
28.99%
8.59BNov 2012QQQL.TO vs VDY.TO
TCND.TO
BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alterna...Leveraged Equities—
32.94%
—Aug 2025QQQL.TO vs TCND.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
32
10.75%
2.90BJan 2010QQQL.TO vs ZQQ.TO
CNDU.TO
BetaPro S&P/TSX 60 2x Daily Bull ETFLeveraged Equities
92
24.33%
87.38MJan 2007QQQL.TO vs CNDU.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
50
14.56%
2.26BFeb 2019QQQL.TO vs ZNQ.TO
MNT.TO
Royal Canadian Mint Canadian Gold Reserves Exchang...Gold, Precious Metals
25
-6.28%
1.20BNov 2011QQQL.TO vs MNT.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETFFinancials Equities, Canada Equities, Leveraged Equities
98
41.03%
1.09BOct 2020QQQL.TO vs HCAL.TO
CFOU.TO
BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...Leveraged Equities, Financials Equities, Canada Equities
97
48.45%
88.65MJun 2007QQQL.TO vs CFOU.TO
HEQL.TO
Global X Enhanced All-Equity Asset Allocation ETFLeveraged Equities———Oct 2023QQQL.TO vs HEQL.TO
NRGU.TO
BetaPro S&P/TSX Capped Energy 2x Daily Bull ETFLeveraged Equities
89
99.60%
49.86MJun 2007QQQL.TO vs NRGU.TO
XIT.TO
iShares S&P/TSX Capped Information Technology Inde...Technology Equities
10
-7.00%
709.68MMar 2001QQQL.TO vs XIT.TO

Compare QQQL.TO with Any Fund or Stock

Compare QQQL.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair QQQL.TO with funds that move differently

Global X Enhanced Nasdaq-100 Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QQQL.TO.

Explore QQQL.TO Diversifiers