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

ETF · Currency in CAD · Last updated Jul 14, 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 12 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.TO
Invesco NASDAQ 100 Index ETF CAD Hedged0.20%3.73BMay 2021QQQL.TO vs QQC.TO
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged0.20%3.73BMay 2021QQQL.TO vs QQC-F.TO
QQCE.TO
Invesco ESG NASDAQ 100 Index ETF0.21%—Nov 2021QQQL.TO vs QQCE.TO
QQQQ.TO
Mackenzie NASDAQ 100 Index ETF0.25%—Aug 2025QQQL.TO vs QQQQ.TO

Best Risk-Adjusted Alternatives to QQQL.TO

QQQL.TO has a PortfoliosLab risk / return rank of 73. There are 4 ETFs in the Nasdaq-100 category with higher risk-adjusted ranks, going as high as 82.

SymbolNameRisk / Return RankAUMInception
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETF
82
63.79MNov 2025QQQL.TO vs QQCI.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETF
77
709.55MSep 2011QQQL.TO vs QQCC.TO
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF
77
370.02MOct 2023QQQL.TO vs QQCL.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF
76
136.22MSep 2024QQQL.TO vs JEPQ.TO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged
68
3.73BMay 2021QQQL.TO vs QQC.TO

Top Performing QQQL.TO Alternatives (YTD)

QQQL.TO is at 23.90% YTD. There are 3 ETFs in the Nasdaq-100 category with higher YTD returns, going as high as 35.21%.

SymbolNameYTD ReturnAUMInception
TQQQ.TO
BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alterna...
35.21%
—Jun 2025QQQL.TO vs TQQQ.TO
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF
26.36%
469.81MJun 2008QQQL.TO vs QQU.TO
QQQT.TO
Evolve NASDAQ Technology Index Fund CAD Hedged
24.27%
175.95MJul 2023QQQL.TO vs QQQT.TO
QQCE.TO
Invesco ESG NASDAQ 100 Index ETF
20.51%
—Nov 2021QQQL.TO vs QQCE.TO
QQQQ.TO
Mackenzie NASDAQ 100 Index ETF
20.44%
—Aug 2025QQQL.TO vs QQQQ.TO

Lowest Volatility Alternatives to QQQL.TO

QQQL.TO has 22.06% 1-year volatility. There are 16 ETFs in the Nasdaq-100 category with lower 1-year volatility, going as low as 14.42%.

SymbolNameVolatility 1YAUMInception
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETF14.42%63.79MNov 2025QQQL.TO vs QQCI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF14.82%136.22MSep 2024QQQL.TO vs JEPQ.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETF15.21%709.55MSep 2011QQQL.TO vs QQCC.TO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged18.05%3.73BMay 2021QQQL.TO vs QQC.TO
XQQU.TO
iShares NASDAQ 100 Index ETF18.22%—Sep 2023QQQL.TO vs XQQU.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 -7.62%.

SymbolNameMax Drawdown 1YAUMInception
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETF
-7.62%
63.79MNov 2025QQQL.TO vs QQCI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF
-7.74%
136.22MSep 2024QQQL.TO vs JEPQ.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETF
-8.15%
709.55MSep 2011QQQL.TO vs QQCC.TO
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF
-10.70%
370.02MOct 2023QQQL.TO vs QQCL.TO
XQQU.TO
iShares NASDAQ 100 Index ETF
-12.09%
—Sep 2023QQQL.TO vs XQQU.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
1.06%
6.66BNov 2021QQQL.TO vs CASH.TO
CBIL.TO
Global X 0-3 Month T-Bill ETFCanadian Government Bonds
99
1.10%
2.39BApr 2023QQQL.TO vs CBIL.TO
HXS.TO
Global X S&P 500 Index Corporate Class ETFS&P 500
76
13.52%
7.49BNov 2010QQQL.TO vs HXS.TO
HXT.TO
Global X S&P/TSX 60 Index Corporate Class ETFCanada Equities
92
13.38%
5.40BSep 2010QQQL.TO vs HXT.TO
CHPS.TO
Global X Artificial Intelligence Semiconductor Ind...Semiconductors, Technology Equities
89
56.31%
391.52MJun 2021QQQL.TO vs CHPS.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETFMoney Market
64
0.90%
1.93BFeb 2020QQQL.TO vs HSAV.TO
HBNK.TO
Global X Equal Weight Banks Index ETFFinancials Equities, Equal Weight
98
33.80%
—Jul 2023QQQL.TO vs HBNK.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
85
14.62%
250.73MJul 2023QQQL.TO vs USCL.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
89
28.07%
714.60MApr 2011QQQL.TO vs ENCC.TO
GLCC.TO
Global X Gold Producer Equity Covered Call ETFDerivative Income, Gold, Precious Metals
31
-11.25%
574.94MApr 2011QQQL.TO vs GLCC.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
59
16.16%
100.59BOct 2020QQQL.TO vs QQQM
GPIQ
Goldman Sachs Nasdaq-100 Core Premium Income ETFNasdaq-100, Dividend
71
14.94%
5.03BOct 2023QQQL.TO vs GPIQ
SMH
VanEck Semiconductor ETFSemiconductors, Technology Equities
92
62.61%
73.62BDec 2011QQQL.TO vs SMH
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
22
7.91%
1.87BJan 2025QQQL.TO vs HHIS.TO
USSL.TO
Global X Enhanced S&P 500 Index ETFLeveraged Equities, S&P 500
90
16.11%
11.27MMay 2024QQQL.TO vs USSL.TO
HXQ.TO
Horizons NASDAQ-100 Index ETFNasdaq-100
67
19.68%
1.78BApr 2016QQQL.TO vs HXQ.TO
VEQT.TO
Vanguard All-Equity ETF PortfolioGlobal Equities
87
14.00%
15.67BJan 2019QQQL.TO vs VEQT.TO
QQI.TO
BetaPro Nasdaq-100 Daily Inverse ETFNasdaq-100, Inverse Equities—
-12.95%
—Sep 2025QQQL.TO vs QQI.TO
AMHE.TO
Harvest Amazon Enhanced High Income Shares ETF - C...Leveraged Equities
19
9.58%
—Aug 2024QQQL.TO vs AMHE.TO
ZWT.TO
BMO Covered Call Technology ETFTechnology Equities, Derivative Income
54
16.64%
—Jan 2021QQQL.TO vs ZWT.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
99
27.73%
8.59BNov 2012QQQL.TO vs VDY.TO
TCND.TO
BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alterna...Leveraged Equities—
33.15%
—Aug 2025QQQL.TO vs TCND.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
67
19.68%
2.35BFeb 2019QQQL.TO vs ZNQ.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
38
14.55%
3.09BJan 2010QQQL.TO vs ZQQ.TO
CNDU.TO
BetaPro S&P/TSX 60 2x Daily Bull ETFLeveraged Equities
91
24.45%
84.22MJan 2007QQQL.TO vs CNDU.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETFFinancials Equities, Canada Equities, Leveraged Equities
98
42.24%
1.09BOct 2020QQQL.TO vs HCAL.TO
MNT.TO
Royal Canadian Mint - Canadian Gold ReservesGold, Precious Metals
19
-9.36%
1.20B—QQQL.TO vs MNT.TO
CFOU.TO
BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...Leveraged Equities, Financials Equities, Canada Equities
97
49.68%
86.75MJun 2007QQQL.TO vs CFOU.TO
HEQL.TO
Global X Enhanced All-Equity Asset Allocation ETF ...Leveraged Equities———Oct 2023QQQL.TO vs HEQL.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...Derivative Income
78
12.38%
431.22MSep 2024QQQL.TO vs UTES.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