GDXU.TO vs. QQQL.TO
GDXU.TO (BetaPro Canadian Gold Miners 2x Daily Bull ETF) and QQQL.TO (Global X Enhanced Nasdaq-100 Index ETF) are both exchange-traded funds - GDXU.TO is a Leveraged Equities fund actively managed by Global X, while QQQL.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. GDXU.TO is actively managed, while QQQL.TO is passively managed. Over the past year, GDXU.TO returned 101.37% vs 49.60% for QQQL.TO. At a 0.14 correlation, their price movements are largely independent.
Performance
GDXU.TO vs. QQQL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GDXU.TO achieves a -28.76% return, which is significantly lower than QQQL.TO's 30.13% return.
GDXU.TO
- 1D
- -0.19%
- 1M
- -28.04%
- YTD
- -28.76%
- 6M
- -30.23%
- 1Y
- 101.37%
- 3Y*
- 82.36%
- 5Y*
- 35.57%
- 10Y*
- 11.19%
QQQL.TO
- 1D
- 2.24%
- 1M
- 3.31%
- YTD
- 30.13%
- 6M
- 29.14%
- 1Y
- 49.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDXU.TO vs. QQQL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GDXU.TO BetaPro Canadian Gold Miners 2x Daily Bull ETF | -28.76% | 432.04% | 13.54% |
QQQL.TO Global X Enhanced Nasdaq-100 Index ETF | 30.13% | 16.12% | 21.98% |
Correlation
The correlation between GDXU.TO and QQQL.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 27, 2024 | 0.14 |
The correlation between GDXU.TO and QQQL.TO shifts across timeframes, from 0.14 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GDXU.TO vs. QQQL.TO — Risk / Return Rank
GDXU.TO
QQQL.TO
GDXU.TO vs. QQQL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro Canadian Gold Miners 2x Daily Bull ETF (GDXU.TO) and Global X Enhanced Nasdaq-100 Index ETF (QQQL.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.
| GDXU.TO | QQQL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.50 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 3.85 | -2.17 |
| Martin ratioReturn relative to average drawdown | 3.88 | 10.32 | -6.44 |
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Drawdowns
GDXU.TO vs. QQQL.TO - Drawdown Comparison
The maximum GDXU.TO drawdown since its inception was -98.01%, which is greater than QQQL.TO's maximum drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for GDXU.TO and QQQL.TO.
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Drawdown Indicators
| GDXU.TO | QQQL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.01% | -27.82% | -70.19% |
Max Drawdown (1Y)Largest decline over 1 year | -60.60% | -13.02% | -47.58% |
Max Drawdown (3Y)Largest decline over 3 years | -60.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -62.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -79.29% | — | — |
Current DrawdownCurrent decline from peak | -58.27% | -0.03% | -58.24% |
Average DrawdownAverage peak-to-trough decline | -78.33% | -4.82% | -73.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.19% | 4.83% | +21.36% |
Volatility
GDXU.TO vs. QQQL.TO - Volatility Comparison
BetaPro Canadian Gold Miners 2x Daily Bull ETF (GDXU.TO) has a higher volatility of 32.90% compared to Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) at 11.06%. This indicates that GDXU.TO's price experiences larger fluctuations and is considered to be riskier than QQQL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXU.TO | QQQL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.90% | 11.06% | +21.84% |
Volatility (6M)Calculated over the trailing 6-month period | 76.15% | 16.55% | +59.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 91.66% | 21.10% | +70.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.25% | 26.17% | +42.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.32% | 26.17% | +41.15% |
Dividends
GDXU.TO vs. QQQL.TO - Dividend Comparison
Neither GDXU.TO nor QQQL.TO has paid dividends to shareholders.
Frequently Asked Questions
GDXU.TO and QQQL.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXU.TO is categorized as Leveraged Equities, while QQQL.TO is Nasdaq-100.
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