CFOD.TO vs. QQCL.TO
CFOD.TO (BetaPro S&P/TSX Capped Financials -2x Daily Bear ETF) and QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) are both exchange-traded funds - CFOD.TO is a Inverse Equities fund actively managed by Global X, while QQCL.TO is a Nasdaq-100 fund actively managed by Global X. Both are actively managed. Over the past year, CFOD.TO returned -55.77% vs 42.71% for QQCL.TO. At a correlation of -0.46, they often move in opposite directions.
Performance
CFOD.TO vs. QQCL.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CFOD.TO achieves a -34.29% return, which is significantly lower than QQCL.TO's 24.17% return.
CFOD.TO
- 1D
- -1.41%
- 1M
- -16.18%
- YTD
- -34.29%
- 6M
- -33.59%
- 1Y
- -55.77%
- 3Y*
- -41.80%
- 5Y*
- -29.47%
- 10Y*
- -29.60%
QQCL.TO
- 1D
- 1.94%
- 1M
- 4.61%
- YTD
- 24.17%
- 6M
- 23.29%
- 1Y
- 42.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CFOD.TO vs. QQCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CFOD.TO BetaPro S&P/TSX Capped Financials -2x Daily Bear ETF | -34.29% | -45.59% | -36.06% | -21.18% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 24.17% | 13.10% | 41.38% | 4.96% |
Correlation
The correlation between CFOD.TO and QQCL.TO is -0.47, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | -0.46 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CFOD.TO vs. QQCL.TO — Risk / Return Rank
CFOD.TO
QQCL.TO
CFOD.TO vs. QQCL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro S&P/TSX Capped Financials -2x Daily Bear ETF (CFOD.TO) and Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.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.
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.
| CFOD.TO | QQCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.67 | ||
| Sortino ratioReturn per unit of downside risk | -6.98 | ||
| Omega ratioGain probability vs. loss probability | 0.59 | 1.43 | -0.84 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 4.01 | -5.01 |
| Martin ratioReturn relative to average drawdown | -1.80 | 14.50 | -16.31 |
Loading charts...
Drawdowns
CFOD.TO vs. QQCL.TO - Drawdown Comparison
The maximum CFOD.TO drawdown since its inception was -99.88%, which is greater than QQCL.TO's maximum drawdown of -25.63%. Use the drawdown chart below to compare losses from any high point for CFOD.TO and QQCL.TO.
Loading charts...
Drawdown Indicators
| CFOD.TO | QQCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.88% | -25.63% | -74.25% |
Max Drawdown (1Y)Largest decline over 1 year | -55.77% | -10.70% | -45.07% |
Max Drawdown (3Y)Largest decline over 3 years | -84.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -84.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -97.06% | — | — |
Current DrawdownCurrent decline from peak | -99.88% | 0.00% | -99.88% |
Average DrawdownAverage peak-to-trough decline | -86.99% | -3.29% | -83.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.94% | 2.95% | +27.99% |
Volatility
CFOD.TO vs. QQCL.TO - Volatility Comparison
The current volatility for BetaPro S&P/TSX Capped Financials -2x Daily Bear ETF (CFOD.TO) is 4.97%, while Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) has a volatility of 9.02%. This indicates that CFOD.TO experiences smaller price fluctuations and is considered to be less risky than QQCL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CFOD.TO | QQCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 9.02% | -4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 20.82% | 14.94% | +5.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.70% | 17.85% | +6.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.64% | 20.77% | +6.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.56% | 20.77% | +12.79% |
Dividends
CFOD.TO vs. QQCL.TO - Dividend Comparison
CFOD.TO has not paid dividends to shareholders, while QQCL.TO's dividend yield for the trailing twelve months is around 12.99%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CFOD.TO BetaPro S&P/TSX Capped Financials -2x Daily Bear ETF | 0.00% | 0.00% | 0.00% | 0.00% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 12.99% | 14.54% | 11.87% | 3.68% |
Frequently Asked Questions
CFOD.TO and QQCL.TO have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CFOD.TO is categorized as Inverse Equities, while QQCL.TO is Nasdaq-100.
Find the right allocation for CFOD.TO and QQCL.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer