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ENCC.TO vs. QQU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ENCC.TO vs. QQU.TO

Last updated Jun 24, 2026

ENCC.TO (Global X Canadian Oil and Gas Equity Covered Call ETF) and QQU.TO (BetaPro NASDAQ-100 2x Daily Bull ETF) are both exchange-traded funds - ENCC.TO is a Derivative Income fund actively managed by Global X, while QQU.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. ENCC.TO is actively managed, while QQU.TO is passively managed. Over the past 10 years, ENCC.TO returned 8.31%/yr vs 33.50%/yr for QQU.TO. At a 0.27 correlation, their price movements are largely independent. ENCC.TO charges 0.76%/yr vs 1.46%/yr for QQU.TO.

Performance

ENCC.TO vs. QQU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) and BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.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, ENCC.TO achieves a 24.43% return, which is significantly lower than QQU.TO's 28.32% return. Over the past 10 years, ENCC.TO has underperformed QQU.TO with an annualized return of 8.31%, while QQU.TO has yielded a comparatively higher 33.50% annualized return.

ENCC.TO

1D
0.64%
1M
-4.83%
YTD
24.43%
6M
25.49%
1Y
34.49%
3Y*
22.40%
5Y*
23.41%
10Y*
8.31%

QQU.TO

1D
-6.44%
1M
-2.00%
YTD
28.32%
6M
24.84%
1Y
62.53%
3Y*
40.42%
5Y*
18.70%
10Y*
33.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ENCC.TO vs. QQU.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF		24.43%13.13%17.39%5.72%41.32%80.54%-27.98%6.56%-30.99%-18.47%
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF		28.32%26.77%40.01%114.00%-61.73%52.24%83.67%80.29%-11.04%68.61%

Correlation

The correlation between ENCC.TO and QQU.TO is -0.17, 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

-0.17

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

0.08

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

0.17

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

0.21

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

0.27

The correlation between ENCC.TO and QQU.TO shifts across timeframes, from -0.17 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

ENCC.TO vs. QQU.TO - Sectors Allocation Comparison

Sectors
ENCC.TO
QQU.TO

Energy

100.0%
0.5%

Basic Materials

-

1.0%

Communication Services

-

14.3%

Consumer Cyclical

-

11.4%

Consumer Defensive

-

6.4%

Financial Services

-

0.2%

Healthcare

-

3.7%

Industrials

-

2.8%

Real Estate

-

0.1%

Technology

-

58.5%

Utilities

-

1.2%

Energy

ENCC.TO
100.0%
QQU.TO
0.5%

Basic Materials

ENCC.TO

-

QQU.TO
1.0%

Communication Services

ENCC.TO

-

QQU.TO
14.3%

Consumer Cyclical

ENCC.TO

-

QQU.TO
11.4%

Consumer Defensive

ENCC.TO

-

QQU.TO
6.4%

Financial Services

ENCC.TO

-

QQU.TO
0.2%

Healthcare

ENCC.TO

-

QQU.TO
3.7%

Industrials

ENCC.TO

-

QQU.TO
2.8%

Real Estate

ENCC.TO

-

QQU.TO
0.1%

Technology

ENCC.TO

-

QQU.TO
58.5%

Utilities

ENCC.TO

-

QQU.TO
1.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Canadian Oil and Gas Equity Covered Call ETF

BetaPro NASDAQ-100 2x Daily Bull ETF

Often compared with ENCC.TO:
ENCC.TO vs. ENCL.TOENCC.TO vs. EMAX.TOENCC.TO vs. ZEOENCC.TO vs. HMAX.TOENCC.TO vs. XEQT.TOENCC.TO vs. XDIV.TOENCC.TO vs. OILY.TO
Often compared with QQU.TO:
QQU.TO vs. QLDQQU.TO vs. TQQQQQU.TO vs. QQC.TOQQU.TO vs. XQQU.TOQQU.TO vs. VCN.TOQQU.TO vs. XQQ.TOQQU.TO vs. ZQQ.TO

Return for Risk

ENCC.TO vs. QQU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ENCC.TO
ENCC.TO Risk / Return Rank: 7777
Overall Rank
ENCC.TO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
ENCC.TO Sortino Ratio Rank: 7474
Sortino Ratio Rank
ENCC.TO Omega Ratio Rank: 7676
Omega Ratio Rank
ENCC.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
ENCC.TO Martin Ratio Rank: 7575
Martin Ratio Rank
QQU.TO
QQU.TO Risk / Return Rank: 5151
Overall Rank
QQU.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
QQU.TO Sortino Ratio Rank: 4848
Sortino Ratio Rank
QQU.TO Omega Ratio Rank: 5050
Omega Ratio Rank
QQU.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
QQU.TO Martin Ratio Rank: 5050
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.

ENCC.TO vs. QQU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) and BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.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.

ENCC.TOQQU.TODifference
Sharpe ratioReturn per unit of total volatility
2.40
1.77

+0.63

Sortino ratioReturn per unit of downside risk
3.11
2.23

+0.88

Omega ratioGain probability vs. loss probability

1.42

1.30

+0.12

Calmar ratioReturn relative to maximum drawdown

4.09

2.43

+1.66

Martin ratioReturn relative to average drawdown

13.56

8.11

+5.45

ENCC.TO vs. QQU.TO - Sharpe Ratio Comparison

The current ENCC.TO Sharpe Ratio is 2.40, which is higher than the QQU.TO Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of ENCC.TO and QQU.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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Drawdowns

ENCC.TO vs. QQU.TO - Drawdown Comparison

The maximum ENCC.TO drawdown since its inception was -93.29%, which is greater than QQU.TO's maximum drawdown of -64.81%. Use the drawdown chart below to compare losses from any high point for ENCC.TO and QQU.TO.

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Drawdown Indicators

ENCC.TOQQU.TODifference

Max Drawdown

Largest peak-to-trough decline

-93.29%

-64.81%

-28.48%

Max Drawdown (1Y)

Largest decline over 1 year

-8.48%

-25.85%

+17.37%

Max Drawdown (3Y)

Largest decline over 3 years

-16.67%

-43.00%

+26.33%

Max Drawdown (5Y)

Largest decline over 5 years

-25.58%

-64.81%

+39.23%

Max Drawdown (10Y)

Largest decline over 10 years

-82.15%

-64.81%

-17.34%

Current Drawdown

Current decline from peak

-28.36%

-9.19%

-19.17%

Average Drawdown

Average peak-to-trough decline

-55.98%

-11.82%

-44.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.56%

7.74%

-5.18%

Volatility

ENCC.TO vs. QQU.TO - Volatility Comparison

The current volatility for Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) is 5.30%, while BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) has a volatility of 17.85%. This indicates that ENCC.TO experiences smaller price fluctuations and is considered to be less risky than QQU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ENCC.TOQQU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.30%

17.85%

-12.55%

Volatility (6M)

Calculated over the trailing 6-month period

12.33%

29.07%

-16.74%

Volatility (1Y)

Calculated over the trailing 1-year period

14.53%

35.60%

-21.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.97%

45.45%

-22.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.02%

45.11%

-16.09%

ENCC.TO vs. QQU.TO - Expense Ratio Comparison

ENCC.TO has a 0.76% expense ratio, which is lower than QQU.TO's 1.46% expense ratio.

Dividends

ENCC.TO vs. QQU.TO - Dividend Comparison

ENCC.TO's dividend yield for the trailing twelve months is around 11.50%, while QQU.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF		11.50%13.62%14.58%14.87%12.55%4.23%5.10%6.11%8.37%6.93%4.34%3.03%
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ENCC.TO and QQU.TO have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ENCC.TO is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ENCC.TO is cheaper with a 0.76% expense ratio, compared with 1.46% for QQU.TO.

ENCC.TO is categorized as Derivative Income, while QQU.TO is Nasdaq-100. Their fees differ too: 0.76% for ENCC.TO and 1.46% for QQU.TO.

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