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

HBAL.TO vs. QQCL.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Balanced Asset Allocation ETF (HBAL.TO) and Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO).

HBAL.TO and QQCL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HBAL.TO is an actively managed fund by Global X. It was launched on Aug 1, 2018. QQCL.TO is an actively managed fund by Global X. It was launched on Oct 10, 2023.

Performance

HBAL.TO vs. QQCL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Balanced Asset Allocation ETF (HBAL.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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HBAL.TO vs. QQCL.TO - Yearly Performance Comparison

2026 (YTD)202520242023
HBAL.TO
Global X Balanced Asset Allocation ETF		-1.33%13.57%16.65%6.36%
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		-4.67%13.10%41.38%5.48%

Returns By Period

In the year-to-date period, HBAL.TO achieves a -1.33% return, which is significantly higher than QQCL.TO's -4.67% return.

HBAL.TO

1D
0.94%
1M
-4.40%
YTD
-1.33%
6M
0.70%
1Y
10.97%
3Y*
12.18%
5Y*
6.75%
10Y*
—

QQCL.TO

1D
2.65%
1M
-3.98%
YTD
-4.67%
6M
-2.53%
1Y
17.93%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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 Balanced Asset Allocation ETF

Global X Enhanced NASDAQ-100 Covered Call ETF

Often compared with HBAL.TO:
HBAL.TO vs. ZBAL.TOHBAL.TO vs. TCON.TOHBAL.TO vs. CSBG.NEOHBAL.TO vs. MIX.TOHBAL.TO vs. PYF.TOHBAL.TO vs. ZESG.TOHBAL.TO vs. FBAL.NEO
Often compared with QQCL.TO:
QQCL.TO vs. QQC.TOQQCL.TO vs. QQCC.TOQQCL.TO vs. QMAX.TOQQCL.TO vs. HYLDQQCL.TO vs. QYLDQQCL.TO vs. XEQT.TOQQCL.TO vs. HTAE.TO

HBAL.TO vs. QQCL.TO - Expense Ratio Comparison

HBAL.TO has a 0.20% expense ratio, which is lower than QQCL.TO's 0.85% expense ratio.

QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF
HBAL.TO
Global X Balanced Asset Allocation ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HBAL.TO
HBAL.TO Risk / Return Rank: 6363
Overall Rank
HBAL.TO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
HBAL.TO Sortino Ratio Rank: 6161
Sortino Ratio Rank
HBAL.TO Omega Ratio Rank: 6565
Omega Ratio Rank
HBAL.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
HBAL.TO Martin Ratio Rank: 6363
Martin Ratio Rank
QQCL.TO
QQCL.TO Risk / Return Rank: 4848
Overall Rank
QQCL.TO Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
QQCL.TO Sortino Ratio Rank: 4545
Sortino Ratio Rank
QQCL.TO Omega Ratio Rank: 5151
Omega Ratio Rank
QQCL.TO Calmar Ratio Rank: 4949
Calmar Ratio Rank
QQCL.TO Martin Ratio Rank: 5151
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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X Balanced Asset Allocation ETF (HBAL.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.

HBAL.TOQQCL.TODifference

Sharpe ratio

Return per unit of total volatility

1.15

0.74

+0.41

Sortino ratio

Return per unit of downside risk

1.60

1.18

+0.42

Omega ratio

Gain probability vs. loss probability

1.24

1.18

+0.06

Calmar ratio

Return relative to maximum drawdown

1.57

1.15

+0.42

Martin ratio

Return relative to average drawdown

6.41

4.61

+1.80

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current HBAL.TO Sharpe Ratio is 1.15, which is higher than the QQCL.TO Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of HBAL.TO and QQCL.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

HBAL.TOQQCL.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.15

0.74

+0.41

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.68

1.03

-0.35

Correlation

The correlation between HBAL.TO and QQCL.TO is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HBAL.TO vs. QQCL.TO - Dividend Comparison

HBAL.TO's dividend yield for the trailing twelve months is around 2.24%, less than QQCL.TO's 14.48% yield.

TTM2025202420232022202120202019
HBAL.TO
Global X Balanced Asset Allocation ETF		2.24%2.41%2.28%1.08%0.02%0.06%0.04%0.19%
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		14.48%14.54%11.87%3.68%0.00%0.00%0.00%0.00%

Drawdowns

HBAL.TO vs. QQCL.TO - Drawdown Comparison

The maximum HBAL.TO drawdown since its inception was -22.49%, smaller than the maximum QQCL.TO drawdown of -25.63%. Use the drawdown chart below to compare losses from any high point for HBAL.TO and QQCL.TO.

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Drawdown Indicators

HBAL.TOQQCL.TODifference

Max Drawdown

Largest peak-to-trough decline

-22.49%

-25.63%

+3.14%

Max Drawdown (1Y)

Largest decline over 1 year

-7.26%

-16.21%

+8.95%

Max Drawdown (5Y)

Largest decline over 5 years

-22.11%

—

—

Current Drawdown

Current decline from peak

-4.80%

-8.32%

+3.52%

Average Drawdown

Average peak-to-trough decline

-4.61%

-3.48%

-1.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.78%

4.04%

-2.26%

Volatility

HBAL.TO vs. QQCL.TO - Volatility Comparison

The current volatility for Global X Balanced Asset Allocation ETF (HBAL.TO) is 3.85%, while Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) has a volatility of 6.86%. This indicates that HBAL.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

HBAL.TOQQCL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.85%

6.86%

-3.01%

Volatility (6M)

Calculated over the trailing 6-month period

6.04%

12.95%

-6.91%

Volatility (1Y)

Calculated over the trailing 1-year period

9.58%

24.34%

-14.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.46%

20.61%

-10.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.18%

20.61%

-8.43%