CNDD.TO vs. QQI.TO

Last updated Jul 1, 2026

CNDD.TO (BetaPro S&P/TSX 60 -2x Daily Bear ETF) and QQI.TO (BetaPro Nasdaq-100 Daily Inverse ETF) are both exchange-traded funds - CNDD.TO is a Inverse Equities fund actively managed by Global X, while QQI.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index (-100%). CNDD.TO is actively managed, while QQI.TO is passively managed. At a 0.45 correlation, their price movements are largely independent.

Performance

CNDD.TO vs. QQI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro S&P/TSX 60 -2x Daily Bear ETF (CNDD.TO) and BetaPro Nasdaq-100 Daily Inverse ETF (QQI.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNDD.TO achieves a -19.97% return, which is significantly lower than QQI.TO's -16.04% return.

CNDD.TO

• 1D: 0.00%
• 1M: -3.62%
• YTD: -19.97%
• 6M: -19.18%
• 1Y: -41.83%
• 3Y*: -30.78%
• 5Y*: -22.16%
• 10Y*: -23.98%

QQI.TO

• 1D: -2.02%
• 1M: -0.31%
• YTD: -16.04%
• 6M: -16.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CNDD.TO vs. QQI.TO - Yearly Performance Comparison

	2026 (YTD)	2025
CNDD.TO BetaPro S&P/TSX 60 -2x Daily Bear ETF	-19.97%	-11.39%
QQI.TO BetaPro Nasdaq-100 Daily Inverse ETF	-16.04%	-3.15%

Correlation

The correlation between CNDD.TO and QQI.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 22, 2025	0.45

Return for Risk

CNDD.TO vs. QQI.TO — Risk / Return Rank

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

CNDD.TO

CNDD.TO Risk / Return Rank: 0
CNDD.TO Sharpe Ratio Rank: 0
CNDD.TO Sortino Ratio Rank: 0
CNDD.TO Omega Ratio Rank: 0
CNDD.TO Calmar Ratio Rank: 1
CNDD.TO Martin Ratio Rank: 1

QQI.TO

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

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.

CNDD.TO vs. QQI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaPro S&P/TSX 60 -2x Daily Bear ETF (CNDD.TO) and BetaPro Nasdaq-100 Daily Inverse ETF (QQI.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.

	CNDD.TO	QQI.TO	Difference
Sharpe ratio: Return per unit of total volatility	-1.74	—	—
Sortino ratio: Return per unit of downside risk	-2.82	—	—
Omega ratio: Gain probability vs. loss probability	0.70	—	—
Calmar ratio: Return relative to maximum drawdown	-0.98	—	—
Martin ratio: Return relative to average drawdown	-1.52	—	—

Drawdowns

CNDD.TO vs. QQI.TO - Drawdown Comparison

The maximum CNDD.TO drawdown since its inception was -99.32%, which is greater than QQI.TO's maximum drawdown of -25.23%. Use the drawdown chart below to compare losses from any high point for CNDD.TO and QQI.TO.

Drawdown Indicators

	CNDD.TO	QQI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-99.32%	-25.23%	-74.09%
Max Drawdown (1Y) Largest decline over 1 year	-42.84%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-72.16%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-72.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-93.67%	—	—
Current Drawdown Current decline from peak	-99.31%	-24.72%	-74.59%
Average Drawdown Average peak-to-trough decline	-82.14%	-8.42%	-73.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.72%	—	—

Volatility

Volatility by Period

	CNDD.TO	QQI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.08%	20.26%	+3.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.71%	20.26%	+5.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.99%	20.26%	+9.73%

Dividends

CNDD.TO vs. QQI.TO - Dividend Comparison

Neither CNDD.TO nor QQI.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CNDD.TO and QQI.TO in my portfolio?

CNDD.TO and QQI.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between CNDD.TO and QQI.TO?

CNDD.TO is categorized as Inverse Equities, while QQI.TO is Nasdaq-100.