GLDD.TO vs. QQCL.TO
GLDD.TO (BetaPro Gold Bullion -2x Daily Bear ETF) and QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) are both exchange-traded funds - GLDD.TO is a Inverse Commodities fund actively managed by Global X, while QQCL.TO is a Nasdaq-100 fund actively managed by Global X. Both are actively managed. Over the past year, GLDD.TO returned -40.89% vs 42.71% for QQCL.TO. At a correlation of -0.01, they often move in opposite directions.
Performance
GLDD.TO vs. QQCL.TO - Performance Comparison
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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 QQCL.TO's 24.17% 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%
QQCL.TO
- 1D
- 1.94%
- 1M
- 4.61%
- YTD
- 24.17%
- 6M
- 23.29%
- 1Y
- 42.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDD.TO vs. QQCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GLDD.TO BetaPro Gold Bullion -2x Daily Bear ETF | 1.97% | -64.15% | -33.44% | -17.42% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 24.17% | 13.10% | 41.38% | 4.96% |
Correlation
The correlation between GLDD.TO and QQCL.TO is -0.14, 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 | -0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | -0.01 |
The correlation between GLDD.TO and QQCL.TO shifts across timeframes, from -0.14 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GLDD.TO vs. QQCL.TO — Risk / Return Rank
GLDD.TO
QQCL.TO
GLDD.TO vs. QQCL.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 Enhanced NASDAQ-100 Covered Call ETF (QQCL.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.TO | QQCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.16 | ||
| Sortino ratioReturn per unit of downside risk | -4.20 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.43 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 4.01 | -4.64 |
| Martin ratioReturn relative to average drawdown | -0.93 | 14.50 | -15.43 |
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Drawdowns
GLDD.TO vs. QQCL.TO - Drawdown Comparison
The maximum GLDD.TO drawdown since its inception was -99.33%, which is greater than QQCL.TO's maximum drawdown of -25.63%. Use the drawdown chart below to compare losses from any high point for GLDD.TO and QQCL.TO.
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Drawdown Indicators
| GLDD.TO | QQCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.33% | -25.63% | -73.70% |
Max Drawdown (1Y)Largest decline over 1 year | -65.45% | -10.70% | -54.75% |
Max Drawdown (3Y)Largest decline over 3 years | -88.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -90.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -96.12% | — | — |
Current DrawdownCurrent decline from peak | -98.88% | 0.00% | -98.88% |
Average DrawdownAverage peak-to-trough decline | -82.80% | -3.29% | -79.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.02% | 2.95% | +41.07% |
Volatility
GLDD.TO vs. QQCL.TO - Volatility Comparison
BetaPro Gold Bullion -2x Daily Bear ETF (GLDD.TO) has a higher volatility of 16.89% compared to Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) at 9.02%. This indicates that GLDD.TO's price experiences larger fluctuations and is considered to be riskier than QQCL.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.TO | QQCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.89% | 9.02% | +7.87% |
Volatility (6M)Calculated over the trailing 6-month period | 45.86% | 14.94% | +30.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.22% | 17.85% | +36.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.71% | 20.77% | +15.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.66% | 20.77% | +28.89% |
Dividends
GLDD.TO vs. QQCL.TO - Dividend Comparison
GLDD.TO has not paid dividends to shareholders, while QQCL.TO's dividend yield for the trailing twelve months is around 12.99%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GLDD.TO BetaPro Gold Bullion -2x Daily Bear ETF | 0.00% | 0.00% | 0.00% | 0.00% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 12.99% | 14.54% | 11.87% | 3.68% |
Frequently Asked Questions
GLDD.TO and QQCL.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.
GLDD.TO is categorized as Inverse Commodities, while QQCL.TO is Nasdaq-100.
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