BALQ vs. HQU.TO

Last updated Jun 4, 2026

BALQ (iShares Nasdaq Premium Income Active ETF) and HQU.TO (BetaPro NASDAQ-100 2x Daily Bull ETF) are both Nasdaq-100 funds. Their correlation of 0.95 suggests significant overlap in exposure.

Performance

BALQ vs. HQU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq Premium Income Active ETF (BALQ) and BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BALQ is traded in USD, while HQU.TO is traded in CAD. To make them comparable, the HQU.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BALQ achieves a 22.89% return, which is significantly lower than HQU.TO's 40.12% return.

BALQ

• 1D: -0.21%
• 1M: 11.15%
• YTD: 22.89%
• 6M: 22.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HQU.TO

• 1D: 0.91%
• 1M: 20.11%
• YTD: 40.12%
• 6M: 37.41%
• 1Y: 79.74%
• 3Y*: 45.52%
• 5Y*: 20.61%
• 10Y*: 32.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BALQ vs. HQU.TO - Yearly Performance Comparison

	2026 (YTD)	2025
BALQ iShares Nasdaq Premium Income Active ETF	22.89%	-0.49%
HQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	40.12%	-1.93%

Correlation

The correlation between BALQ and HQU.TO is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.95

Return for Risk

BALQ vs. HQU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HQU.TO

HQU.TO Risk / Return Rank: 70
HQU.TO Sharpe Ratio Rank: 82
HQU.TO Sortino Ratio Rank: 70
HQU.TO Omega Ratio Rank: 69
HQU.TO Calmar Ratio Rank: 67
HQU.TO Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BALQ vs. HQU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Premium Income Active ETF (BALQ) and BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BALQ	HQU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.51	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.81	0.18	+2.64

Drawdowns

BALQ vs. HQU.TO - Drawdown Comparison

The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum HQU.TO drawdown of -76.46%. Use the drawdown chart below to compare losses from any high point for BALQ and HQU.TO.

Drawdown Indicators

	BALQ	HQU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-11.79%	-76.46%	+64.67%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.71%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-43.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-67.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-67.30%	—
Current Drawdown Current decline from peak	-0.21%	0.00%	-0.21%
Average Drawdown Average peak-to-trough decline	-2.37%	-33.28%	+30.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.05%	—

Volatility

Volatility by Period

	BALQ	HQU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.41%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.03%	33.14%	-15.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.03%	47.79%	-29.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.03%	47.66%	-29.63%

Dividends

BALQ vs. HQU.TO - Dividend Comparison

BALQ's dividend yield for the trailing twelve months is around 4.59%, while HQU.TO has not paid dividends to shareholders.

Position	TTM	2025
BALQ iShares Nasdaq Premium Income Active ETF	4.59%	0.95%
HQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BALQ and HQU.TO in my portfolio?

With a correlation of 0.95, BALQ and HQU.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

What is the main difference between BALQ and HQU.TO?

They also come from different issuers: iShares and Global X.