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

GLDD.TO vs. QQCC.TO

Last updated Jul 1, 2026
See Documentation

GLDD.TO (BetaPro Gold Bullion -2x Daily Bear ETF) and QQCC.TO (Global X NASDAQ-100 Covered Call ETF) are both exchange-traded funds - GLDD.TO is a Inverse Commodities fund actively managed by Global X, while QQCC.TO is a Nasdaq-100 fund managed by Global X. Over the past 10 years, GLDD.TO returned -21.65%/yr vs 1.44%/yr for QQCC.TO. At a correlation of -0.07, they often move in opposite directions.

Performance

GLDD.TO vs. QQCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro Gold Bullion -2x Daily Bear ETF (GLDD.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, GLDD.TO achieves a 1.97% return, which is significantly lower than QQCC.TO's 19.37% return. Over the past 10 years, GLDD.TO has underperformed QQCC.TO with an annualized return of -21.65%, while QQCC.TO has yielded a comparatively higher 1.44% annualized return.

GLDD.TO

1D
0.00%
1M
27.00%
YTD
1.97%
6M
3.47%
1Y
-40.89%
3Y*
-39.58%
5Y*
-28.84%
10Y*
-21.65%

QQCC.TO

1D
1.17%
1M
3.72%
YTD
19.37%
6M
18.83%
1Y
33.76%
3Y*
23.89%
5Y*
0.81%
10Y*
1.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
GLDD.TO
BetaPro Gold Bullion -2x Daily Bear ETF		1.97%-64.15%-33.44%-15.90%-4.30%3.46%-41.85%-28.07%4.69%-24.11%
QQCC.TO
Global X NASDAQ-100 Covered Call ETF		19.37%11.64%33.42%35.92%-55.98%5.24%-6.26%12.55%-18.79%15.14%

Correlation

The correlation between GLDD.TO and QQCC.TO is -0.12, 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

-0.12

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

0.00

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

-0.01

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

-0.02

Correlation (All Time)
Calculated using the full available price history since Sep 14, 2011

-0.07

The correlation between GLDD.TO and QQCC.TO shifts across timeframes, from -0.12 (1 year) to 0.00 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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BetaPro Gold Bullion -2x Daily Bear ETF

Global X NASDAQ-100 Covered Call ETF

Often compared with QQCC.TO:
QQCC.TO vs. QQCL.TOQQCC.TO vs. QQC.TOQQCC.TO vs. QQQIQQCC.TO vs. QQQQQCC.TO vs. XQQ.TOQQCC.TO vs. NVDA.TOQQCC.TO vs. JEPQ.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GLDD.TO
GLDD.TO Risk / Return Rank: 44
Overall Rank
GLDD.TO Sharpe Ratio Rank: 44
Sharpe Ratio Rank
GLDD.TO Sortino Ratio Rank: 33
Sortino Ratio Rank
GLDD.TO Omega Ratio Rank: 44
Omega Ratio Rank
GLDD.TO Calmar Ratio Rank: 44
Calmar Ratio Rank
GLDD.TO Martin Ratio Rank: 55
Martin Ratio Rank
QQCC.TO
QQCC.TO Risk / Return Rank: 8484
Overall Rank
QQCC.TO Sharpe Ratio Rank: 8585
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: 8686
Calmar Ratio Rank
QQCC.TO Martin Ratio Rank: 8585
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.

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

This table presents a comparison of risk-adjusted performance metrics for BetaPro Gold Bullion -2x Daily Bear ETF (GLDD.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.

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.

GLDD.TOQQCC.TODifference
Sharpe ratioReturn per unit of total volatility
-0.76
2.32

-3.08

Sortino ratioReturn per unit of downside risk
-1.07
3.13

-4.20

Omega ratioGain probability vs. loss probability

0.88

1.42

-0.54

Calmar ratioReturn relative to maximum drawdown

-0.63

4.16

-4.79

Martin ratioReturn relative to average drawdown

-0.93

14.76

-15.69

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

The current GLDD.TO Sharpe Ratio is -0.76, which is lower than the QQCC.TO Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of GLDD.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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Drawdowns

GLDD.TO vs. QQCC.TO - Drawdown Comparison

The maximum GLDD.TO drawdown since its inception was -99.33%, which is greater than QQCC.TO's maximum drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for GLDD.TO and QQCC.TO.

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Drawdown Indicators

GLDD.TOQQCC.TODifference

Max Drawdown

Largest peak-to-trough decline

-99.33%

-67.77%

-31.56%

Max Drawdown (1Y)

Largest decline over 1 year

-65.45%

-8.15%

-57.30%

Max Drawdown (3Y)

Largest decline over 3 years

-88.50%

-22.24%

-66.26%

Max Drawdown (5Y)

Largest decline over 5 years

-90.20%

-59.13%

-31.07%

Max Drawdown (10Y)

Largest decline over 10 years

-96.12%

-62.91%

-33.21%

Current Drawdown

Current decline from peak

-98.88%

-21.01%

-77.87%

Average Drawdown

Average peak-to-trough decline

-82.80%

-28.26%

-54.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

44.02%

2.29%

+41.73%

Volatility

GLDD.TO vs. QQCC.TO - Volatility Comparison

BetaPro Gold Bullion -2x Daily Bear ETF (GLDD.TO) has a higher volatility of 16.89% compared to Global X NASDAQ-100 Covered Call ETF (QQCC.TO) at 7.78%. This indicates that GLDD.TO's price experiences larger fluctuations and is considered to be riskier 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

GLDD.TOQQCC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

16.89%

7.78%

+9.11%

Volatility (6M)

Calculated over the trailing 6-month period

45.86%

12.24%

+33.62%

Volatility (1Y)

Calculated over the trailing 1-year period

54.22%

14.62%

+39.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.71%

28.41%

+8.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

49.66%

23.30%

+26.36%

Dividends

GLDD.TO vs. QQCC.TO - Dividend Comparison

GLDD.TO has not paid dividends to shareholders, while QQCC.TO's dividend yield for the trailing twelve months is around 10.42%.

PositionTTM20252024202320222021202020192018201720162015
GLDD.TO
BetaPro Gold Bullion -2x Daily Bear 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%
QQCC.TO
Global X NASDAQ-100 Covered Call ETF		10.42%11.27%9.84%11.79%11.06%2.58%2.92%3.14%3.96%3.00%3.36%4.44%

Frequently Asked Questions

GLDD.TO and QQCC.TO have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GLDD.TO is categorized as Inverse Commodities, while QQCC.TO is Nasdaq-100.

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