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

HAD.TO vs. QQCC.TO

Last updated Jul 16, 2026
Documentation

HAD.TO (Global X Active Canadian Bond ETF) and QQCC.TO (Global X NASDAQ-100 Covered Call ETF) are both exchange-traded funds - HAD.TO is a Total Bond Market fund actively managed by Global X, while QQCC.TO is a Nasdaq-100 fund managed by Global X. Over the past 10 years, HAD.TO returned 1.37%/yr vs 0.84%/yr for QQCC.TO. At a correlation of -0.01, they often move in opposite directions.

Performance

HAD.TO vs. QQCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Active Canadian Bond ETF (HAD.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, HAD.TO achieves a 0.97% return, which is significantly lower than QQCC.TO's 15.96% return. Over the past 10 years, HAD.TO has outperformed QQCC.TO with an annualized return of 1.37%, while QQCC.TO has yielded a comparatively lower 0.84% annualized return.

HAD.TO

1D
0.33%
1M
-0.58%
6M
0.64%
YTD
0.97%
1Y
4.00%
3Y*
4.26%
5Y*
0.24%
10Y*
1.37%

QQCC.TO

1D
-0.42%
1M
-1.92%
6M
13.52%
YTD
15.96%
1Y
28.16%
3Y*
21.92%
5Y*
0.37%
10Y*
0.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
HAD.TO
Global X Active Canadian Bond ETF		0.97%3.04%4.29%6.25%-12.17%-4.66%9.99%5.62%2.59%4.69%
QQCC.TO
Global X NASDAQ-100 Covered Call ETF		15.96%11.64%33.42%35.92%-55.98%5.24%-6.26%12.55%-18.79%15.14%

Correlation

The correlation between HAD.TO and QQCC.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

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

0.12

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

0.10

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

0.02

Correlation (All Time)
Calculated using the full available price history since Oct 12, 2012

-0.01

The correlation between HAD.TO and QQCC.TO shifts across timeframes, from -0.01 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.

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 Active Canadian Bond 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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HAD.TO
HAD.TO Risk / Return Rank: 2727
Overall Rank
HAD.TO Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
HAD.TO Sortino Ratio Rank: 2525
Sortino Ratio Rank
HAD.TO Omega Ratio Rank: 2424
Omega Ratio Rank
HAD.TO Calmar Ratio Rank: 3131
Calmar Ratio Rank
HAD.TO Martin Ratio Rank: 3030
Martin Ratio Rank
QQCC.TO
QQCC.TO Risk / Return Rank: 7575
Overall Rank
QQCC.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
QQCC.TO Sortino Ratio Rank: 6969
Sortino Ratio Rank
QQCC.TO Omega Ratio Rank: 7272
Omega Ratio Rank
QQCC.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
QQCC.TO Martin Ratio Rank: 7979
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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X Active Canadian Bond ETF (HAD.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.

HAD.TOQQCC.TODifference
Sharpe ratioReturn per unit of total volatility
0.81
1.86

-1.05

Sortino ratioReturn per unit of downside risk
1.20
2.52

-1.32

Omega ratioGain probability vs. loss probability

1.15

1.34

-0.19

Calmar ratioReturn relative to maximum drawdown

1.32

3.47

-2.15

Martin ratioReturn relative to average drawdown

3.48

11.96

-8.48

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

The current HAD.TO Sharpe Ratio is 0.81, which is lower than the QQCC.TO Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of HAD.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

HAD.TO vs. QQCC.TO - Drawdown Comparison

The maximum HAD.TO drawdown since its inception was -22.77%, smaller than the maximum QQCC.TO drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for HAD.TO and QQCC.TO.

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Drawdown Indicators

HAD.TOQQCC.TODifference

Max Drawdown

Largest peak-to-trough decline

-22.77%

-67.77%

+45.00%

Max Drawdown (1Y)

Largest decline over 1 year

-3.05%

-8.15%

+5.10%

Max Drawdown (3Y)

Largest decline over 3 years

-5.95%

-22.24%

+16.29%

Max Drawdown (5Y)

Largest decline over 5 years

-17.19%

-59.13%

+41.94%

Max Drawdown (10Y)

Largest decline over 10 years

-22.77%

-62.91%

+40.14%

Current Drawdown

Current decline from peak

-4.38%

-23.27%

+18.89%

Average Drawdown

Average peak-to-trough decline

-5.45%

-28.24%

+22.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.15%

2.36%

-1.21%

Volatility

HAD.TO vs. QQCC.TO - Volatility Comparison

The current volatility for Global X Active Canadian Bond ETF (HAD.TO) is 1.46%, while Global X NASDAQ-100 Covered Call ETF (QQCC.TO) has a volatility of 6.40%. This indicates that HAD.TO experiences smaller price fluctuations and is considered to be less risky 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

HAD.TOQQCC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.46%

6.40%

-4.94%

Volatility (6M)

Calculated over the trailing 6-month period

3.61%

12.82%

-9.21%

Volatility (1Y)

Calculated over the trailing 1-year period

4.98%

15.19%

-10.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.06%

28.46%

-21.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.90%

23.33%

-14.43%

Dividends

HAD.TO vs. QQCC.TO - Dividend Comparison

HAD.TO's dividend yield for the trailing twelve months is around 3.73%, less than QQCC.TO's 10.73% yield.

PositionTTM20252024202320222021202020192018201720162015
HAD.TO
Global X Active Canadian Bond ETF		3.73%3.46%3.14%3.04%3.12%2.09%2.04%2.29%2.64%2.85%2.96%2.61%
QQCC.TO
Global X NASDAQ-100 Covered Call ETF		10.73%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

HAD.TO and QQCC.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HAD.TO is categorized as Total Bond Market, while QQCC.TO is Nasdaq-100.

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