GDXD.TO vs. QQD.TO
GDXD.TO (BetaPro Canadian Gold Miners -2x Daily Bear ETF) and QQD.TO (BetaPro NASDAQ-100 -2x Daily Bear ETF) are both Inverse Equities funds from Global X. Both are actively managed. Over the past 10 years, GDXD.TO returned -47.44%/yr vs -43.50%/yr for QQD.TO. At a 0.13 correlation, their price movements are largely independent.
Performance
GDXD.TO vs. QQD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GDXD.TO achieves a -18.91% return, which is significantly higher than QQD.TO's -32.75% return. Over the past 10 years, GDXD.TO has underperformed QQD.TO with an annualized return of -47.44%, while QQD.TO has yielded a comparatively higher -43.50% annualized return.
GDXD.TO
- 1D
- 1.07%
- 1M
- 26.07%
- YTD
- -18.91%
- 6M
- -17.03%
- 1Y
- -78.68%
- 3Y*
- -67.32%
- 5Y*
- -52.75%
- 10Y*
- -47.44%
QQD.TO
- 1D
- -3.58%
- 1M
- -1.76%
- YTD
- -32.75%
- 6M
- -31.73%
- 1Y
- -45.33%
- 3Y*
- -38.44%
- 5Y*
- -31.14%
- 10Y*
- -43.50%
GDXD.TO vs. QQD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GDXD.TO BetaPro Canadian Gold Miners -2x Daily Bear ETF | -18.91% | -89.27% | -51.09% | -14.78% | -30.72% | -3.72% | -84.19% | -59.16% | -6.06% | -13.59% |
QQD.TO BetaPro NASDAQ-100 -2x Daily Bear ETF | -32.75% | -36.36% | -34.56% | -56.98% | 69.96% | -45.18% | -84.74% | -50.55% | -10.33% | -45.24% |
Correlation
The correlation between GDXD.TO and QQD.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2008 | 0.13 |
The correlation between GDXD.TO and QQD.TO shifts across timeframes, from 0.12 (10 years) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GDXD.TO vs. QQD.TO — Risk / Return Rank
GDXD.TO
QQD.TO
GDXD.TO vs. QQD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro Canadian Gold Miners -2x Daily Bear ETF (GDXD.TO) and BetaPro NASDAQ-100 -2x Daily Bear ETF (QQD.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.
| GDXD.TO | QQD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.78 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | -0.99 | +0.09 |
| Martin ratioReturn relative to average drawdown | -1.14 | -1.99 | +0.84 |
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Drawdowns
GDXD.TO vs. QQD.TO - Drawdown Comparison
The maximum GDXD.TO drawdown since its inception was -100.00%, roughly equal to the maximum QQD.TO drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for GDXD.TO and QQD.TO.
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Drawdown Indicators
| GDXD.TO | QQD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -99.99% | -0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -87.59% | -45.99% | -41.60% |
Max Drawdown (3Y)Largest decline over 3 years | -98.32% | -80.24% | -18.08% |
Max Drawdown (5Y)Largest decline over 5 years | -98.83% | -89.01% | -9.82% |
Max Drawdown (10Y)Largest decline over 10 years | -99.95% | -99.67% | -0.28% |
Current DrawdownCurrent decline from peak | -100.00% | -99.99% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -94.39% | -92.21% | -2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.90% | 22.85% | +46.05% |
Volatility
GDXD.TO vs. QQD.TO - Volatility Comparison
BetaPro Canadian Gold Miners -2x Daily Bear ETF (GDXD.TO) has a higher volatility of 32.35% compared to BetaPro NASDAQ-100 -2x Daily Bear ETF (QQD.TO) at 19.06%. This indicates that GDXD.TO's price experiences larger fluctuations and is considered to be riskier than QQD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXD.TO | QQD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.35% | 19.06% | +13.29% |
Volatility (6M)Calculated over the trailing 6-month period | 73.48% | 29.66% | +43.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 91.70% | 36.04% | +55.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.11% | 45.60% | +22.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.76% | 47.82% | +20.94% |
Dividends
GDXD.TO vs. QQD.TO - Dividend Comparison
Neither GDXD.TO nor QQD.TO has paid dividends to shareholders.
Frequently Asked Questions
GDXD.TO and QQD.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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