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HAZ.TO vs. QQCL.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HAZ.TO vs. QQCL.TO

Last updated Jun 17, 2026

HAZ.TO (Global X Active Global Dividend ETF) and QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) are both exchange-traded funds - HAZ.TO is a Global Equity Income 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, HAZ.TO returned 20.83% vs 43.39% for QQCL.TO. A 0.68 correlation means they provide meaningful diversification when combined.

Performance

HAZ.TO vs. QQCL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Active Global Dividend ETF (HAZ.TO) and Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.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, HAZ.TO achieves a 12.12% return, which is significantly lower than QQCL.TO's 20.72% return.

HAZ.TO

1D
-0.15%
1M
2.74%
YTD
12.12%
6M
11.57%
1Y
20.83%
3Y*
17.90%
5Y*
13.80%
10Y*
11.47%

QQCL.TO

1D
-1.27%
1M
5.79%
YTD
20.72%
6M
21.47%
1Y
43.39%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HAZ.TO vs. QQCL.TO - Yearly Performance Comparison

2026 (YTD)202520242023
HAZ.TO
Global X Active Global Dividend ETF		12.12%7.49%25.38%7.12%
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		20.72%13.10%41.38%4.96%

Correlation

The correlation between HAZ.TO and QQCL.TO is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.63

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2023

0.68

The correlation between HAZ.TO and QQCL.TO has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.

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 Global Dividend ETF

Global X Enhanced NASDAQ-100 Covered Call ETF

Often compared with HAZ.TO:
HAZ.TO vs. CASH.TOHAZ.TO vs. HXT.TOHAZ.TO vs. PAYG.TOHAZ.TO vs. USCL.TOHAZ.TO vs. CBIL.TOHAZ.TO vs. CHPS.TOHAZ.TO vs. HSAV.TO
Often compared with QQCL.TO:
QQCL.TO vs. QQC.TOQQCL.TO vs. QQCC.TOQQCL.TO vs. HYLDQQCL.TO vs. QMAX.TOQQCL.TO vs. QYLDQQCL.TO vs. XEQT.TOQQCL.TO vs. QQQY.TO

Return for Risk

HAZ.TO vs. QQCL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HAZ.TO
HAZ.TO Risk / Return Rank: 7171
Overall Rank
HAZ.TO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
HAZ.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
HAZ.TO Omega Ratio Rank: 6363
Omega Ratio Rank
HAZ.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
HAZ.TO Martin Ratio Rank: 7575
Martin Ratio Rank
QQCL.TO
QQCL.TO Risk / Return Rank: 8181
Overall Rank
QQCL.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
QQCL.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
QQCL.TO Omega Ratio Rank: 8181
Omega Ratio Rank
QQCL.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
QQCL.TO Martin Ratio Rank: 8080
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.

HAZ.TO vs. QQCL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Active Global Dividend ETF (HAZ.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.

HAZ.TOQQCL.TODifference
Sharpe ratioReturn per unit of total volatility
2.03
2.54

-0.51

Sortino ratioReturn per unit of downside risk
2.97
3.29

-0.32

Omega ratioGain probability vs. loss probability

1.35

1.46

-0.11

Calmar ratioReturn relative to maximum drawdown

3.82

4.07

-0.26

Martin ratioReturn relative to average drawdown

13.27

14.90

-1.63

HAZ.TO vs. QQCL.TO - Sharpe Ratio Comparison

The current HAZ.TO Sharpe Ratio is 2.03, which is comparable to the QQCL.TO Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of HAZ.TO and QQCL.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

HAZ.TO vs. QQCL.TO - Drawdown Comparison

The maximum HAZ.TO drawdown since its inception was -25.55%, roughly equal to the maximum QQCL.TO drawdown of -25.63%. Use the drawdown chart below to compare losses from any high point for HAZ.TO and QQCL.TO.

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Drawdown Indicators

HAZ.TOQQCL.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.55%

-25.63%

+0.08%

Max Drawdown (1Y)

Largest decline over 1 year

-5.48%

-10.70%

+5.22%

Max Drawdown (3Y)

Largest decline over 3 years

-14.09%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-18.07%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-25.55%

—

—

Current Drawdown

Current decline from peak

-0.15%

-1.27%

+1.12%

Average Drawdown

Average peak-to-trough decline

-3.24%

-3.31%

+0.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.57%

2.92%

-1.35%

Volatility

HAZ.TO vs. QQCL.TO - Volatility Comparison

The current volatility for Global X Active Global Dividend ETF (HAZ.TO) is 2.90%, while Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) has a volatility of 8.14%. This indicates that HAZ.TO experiences smaller price fluctuations and is considered to be less risky 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

HAZ.TOQQCL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.90%

8.14%

-5.24%

Volatility (6M)

Calculated over the trailing 6-month period

7.74%

14.31%

-6.57%

Volatility (1Y)

Calculated over the trailing 1-year period

10.32%

17.21%

-6.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.16%

20.69%

-8.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.30%

20.69%

-6.39%

Dividends

HAZ.TO vs. QQCL.TO - Dividend Comparison

HAZ.TO's dividend yield for the trailing twelve months is around 1.30%, less than QQCL.TO's 13.16% yield.

PositionTTM20252024202320222021202020192018201720162015
HAZ.TO
Global X Active Global Dividend ETF		1.30%1.48%0.96%1.78%3.40%1.71%1.93%2.27%2.31%2.20%2.40%2.51%
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		13.16%14.54%11.87%3.68%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HAZ.TO and QQCL.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HAZ.TO is categorized as Global Equity Income, while QQCL.TO is Nasdaq-100.

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