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DLR.TO vs. QQCC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DLR.TO vs. QQCC.TO

Last updated Jun 5, 2026

DLR.TO (Global X U.S. Dollar Currency ETF) and QQCC.TO (Global X NASDAQ-100 Covered Call ETF) are both exchange-traded funds - DLR.TO is a Currency fund actively managed by Global X, while QQCC.TO is a Nasdaq-100 fund managed by Global X. Over the past 10 years, DLR.TO returned 2.34%/yr vs 10.62%/yr for QQCC.TO. At a correlation of -0.26, they often move in opposite directions.

Performance

DLR.TO vs. QQCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X U.S. Dollar Currency ETF (DLR.TO) and Global X NASDAQ-100 Covered Call ETF (QQCC.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DLR.TO achieves a 2.10% return, which is significantly lower than QQCC.TO's 16.38% return. Over the past 10 years, DLR.TO has underperformed QQCC.TO with an annualized return of 2.34%, while QQCC.TO has yielded a comparatively higher 10.62% annualized return.

DLR.TO

1D
-0.07%
1M
2.09%
YTD
2.10%
6M
1.56%
1Y
4.57%
3Y*
4.70%
5Y*
5.53%
10Y*
2.34%

QQCC.TO

1D
-0.48%
1M
7.07%
YTD
16.38%
6M
14.89%
1Y
35.63%
3Y*
23.29%
5Y*
15.56%
10Y*
10.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DLR.TO vs. QQCC.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DLR.TO
Global X U.S. Dollar Currency ETF		2.10%-1.35%12.83%1.80%8.33%-0.93%-2.21%-3.51%9.77%-6.51%
QQCC.TO
Global X NASDAQ-100 Covered Call ETF		16.38%11.64%33.48%35.99%-8.51%7.92%-3.26%16.18%-15.89%18.77%

Correlation

The correlation between DLR.TO and QQCC.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.14

Correlation (3Y)
Calculated over the trailing 3-year period

0.11

Correlation (5Y)
Calculated over the trailing 5-year period

-0.08

Correlation (10Y)
Calculated over the trailing 10-year period

-0.23

Correlation (All Time)
Calculated using the full available price history since Sep 15, 2011

-0.26

The correlation between DLR.TO and QQCC.TO shifts across timeframes, from -0.26 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Global X U.S. Dollar Currency ETF

Global X NASDAQ-100 Covered Call ETF

Often compared with DLR.TO:
DLR.TO vs. CBIL.TODLR.TO vs. HXT.TODLR.TO vs. HXS.TODLR.TO vs. QQCL.TODLR.TO vs. HBNK.TODLR.TO vs. CHPS.TODLR.TO vs. CASH.TO
Often compared with QQCC.TO:
QQCC.TO vs. QQCL.TOQQCC.TO vs. QQC.TOQQCC.TO vs. QQQIQQCC.TO vs. QQQQQCC.TO vs. NVDA.TOQQCC.TO vs. XQQ.TOQQCC.TO vs. JEPQ.TO

Return for Risk

DLR.TO vs. QQCC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DLR.TO
DLR.TO Risk / Return Rank: 2626
Overall Rank
DLR.TO Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
DLR.TO Sortino Ratio Rank: 2727
Sortino Ratio Rank
DLR.TO Omega Ratio Rank: 2828
Omega Ratio Rank
DLR.TO Calmar Ratio Rank: 2525
Calmar Ratio Rank
DLR.TO Martin Ratio Rank: 2323
Martin Ratio Rank
QQCC.TO
QQCC.TO Risk / Return Rank: 8282
Overall Rank
QQCC.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
QQCC.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
QQCC.TO Omega Ratio Rank: 8383
Omega Ratio Rank
QQCC.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
QQCC.TO Martin Ratio Rank: 8181
Martin Ratio Rank
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.

DLR.TO vs. QQCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Dollar Currency ETF (DLR.TO) and Global X NASDAQ-100 Covered Call ETF (QQCC.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.

DLR.TOQQCC.TODifference
Sharpe ratioReturn per unit of total volatility
1.02
2.71

-1.68

Sortino ratioReturn per unit of downside risk
1.44
3.65

-2.21

Omega ratioGain probability vs. loss probability

1.18

1.49

-0.31

Calmar ratioReturn relative to maximum drawdown

1.13

4.24

-3.12

Martin ratioReturn relative to average drawdown

2.89

15.75

-12.86

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DLR.TO vs. QQCC.TO - Sharpe Ratio Comparison

The current DLR.TO Sharpe Ratio is 1.02, which is lower than the QQCC.TO Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of DLR.TO and QQCC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DLR.TOQQCC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.02

2.71

-1.68

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.89

0.89

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.35

0.62

-0.26

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.00

+0.48

Drawdowns

DLR.TO vs. QQCC.TO - Drawdown Comparison

The maximum DLR.TO drawdown since its inception was -17.60%, smaller than the maximum QQCC.TO drawdown of -36.70%. Use the drawdown chart below to compare losses from any high point for DLR.TO and QQCC.TO.

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Drawdown Indicators

DLR.TOQQCC.TODifference

Max Drawdown

Largest peak-to-trough decline

-17.60%

-36.70%

+19.10%

Max Drawdown (1Y)

Largest decline over 1 year

-3.94%

-8.15%

+4.21%

Max Drawdown (3Y)

Largest decline over 3 years

-5.77%

-22.24%

+16.47%

Max Drawdown (5Y)

Largest decline over 5 years

-5.77%

-22.24%

+16.47%

Max Drawdown (10Y)

Largest decline over 10 years

-17.60%

-36.70%

+19.10%

Current Drawdown

Current decline from peak

-0.90%

-0.48%

-0.42%

Average Drawdown

Average peak-to-trough decline

-6.30%

-8.37%

+2.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.53%

2.19%

-0.66%

Volatility

DLR.TO vs. QQCC.TO - Volatility Comparison

The current volatility for Global X U.S. Dollar Currency ETF (DLR.TO) is 0.84%, while Global X NASDAQ-100 Covered Call ETF (QQCC.TO) has a volatility of 3.81%. This indicates that DLR.TO experiences smaller price fluctuations and is considered to be less risky than QQCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DLR.TOQQCC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.84%

3.81%

-2.97%

Volatility (6M)

Calculated over the trailing 6-month period

3.22%

10.04%

-6.82%

Volatility (1Y)

Calculated over the trailing 1-year period

4.34%

12.77%

-8.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.28%

17.58%

-11.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.64%

17.29%

-10.65%

Dividends

DLR.TO vs. QQCC.TO - Dividend Comparison

DLR.TO's dividend yield for the trailing twelve months is around 3.46%, less than QQCC.TO's 10.53% yield.

PositionTTM20252024202320222021202020192018201720162015
DLR.TO
Global X U.S. Dollar Currency ETF		3.46%3.33%3.22%4.97%0.00%0.00%0.00%0.75%0.00%0.00%0.00%0.00%
QQCC.TO
Global X NASDAQ-100 Covered Call ETF		10.53%11.27%9.89%11.85%11.04%5.15%5.84%6.31%7.90%6.01%6.73%8.89%

Frequently Asked Questions

DLR.TO and QQCC.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DLR.TO is categorized as Currency, while QQCC.TO is Nasdaq-100.

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