HBB.TO vs. QQCC.TO
HBB.TO (Global X Canadian Select Universe Bond Index Corporate Class ETF) and QQCC.TO (Global X NASDAQ-100 Covered Call ETF) are both exchange-traded funds - HBB.TO is a Total Bond Market fund tracking the Solactive Canadian Select Universe Bond, while QQCC.TO is a Nasdaq-100 fund managed by Global X. Over the past 10 years, HBB.TO returned 1.30%/yr vs 10.87%/yr for QQCC.TO. At a correlation of -0.05, they often move in opposite directions. HBB.TO charges 0.09%/yr vs 0.65%/yr for QQCC.TO.
Performance
HBB.TO vs. QQCC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HBB.TO achieves a 1.48% return, which is significantly lower than QQCC.TO's 16.94% return. Over the past 10 years, HBB.TO has underperformed QQCC.TO with an annualized return of 1.30%, while QQCC.TO has yielded a comparatively higher 10.87% annualized return.
HBB.TO
- 1D
- -0.04%
- 1M
- 1.71%
- YTD
- 1.48%
- 6M
- 0.58%
- 1Y
- 2.70%
- 3Y*
- 3.63%
- 5Y*
- 0.33%
- 10Y*
- 1.30%
QQCC.TO
- 1D
- 0.69%
- 1M
- 10.18%
- YTD
- 16.94%
- 6M
- 14.76%
- 1Y
- 35.05%
- 3Y*
- 23.56%
- 5Y*
- 15.67%
- 10Y*
- 10.87%
HBB.TO vs. QQCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HBB.TO Global X Canadian Select Universe Bond Index Corporate Class ETF | 1.48% | 1.84% | 3.96% | 5.76% | -11.94% | -2.35% | 8.33% | 5.81% | 1.19% | 1.98% |
QQCC.TO Global X NASDAQ-100 Covered Call ETF | 16.94% | 11.64% | 33.48% | 35.99% | -8.51% | 7.92% | -3.26% | 16.18% | -15.89% | 18.77% |
Correlation
The correlation between HBB.TO and QQCC.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since May 9, 2014 | -0.05 |
The correlation between HBB.TO and QQCC.TO shifts across timeframes, from -0.05 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
HBB.TO vs. QQCC.TO - Sectors Allocation Comparison
Sectors
HBB.TO
QQCC.TO
Real Estate
Basic Materials
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
Energy
-
Financial Services
-
Healthcare
-
Industrials
-
Technology
-
Utilities
-
Real Estate
HBB.TO
QQCC.TO
Basic Materials
HBB.TO
-
QQCC.TO
Communication Services
HBB.TO
-
QQCC.TO
Consumer Cyclical
HBB.TO
-
QQCC.TO
Consumer Defensive
HBB.TO
-
QQCC.TO
Energy
HBB.TO
-
QQCC.TO
Financial Services
HBB.TO
-
QQCC.TO
Healthcare
HBB.TO
-
QQCC.TO
Industrials
HBB.TO
-
QQCC.TO
Technology
HBB.TO
-
QQCC.TO
Utilities
HBB.TO
-
QQCC.TO
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Return for Risk
HBB.TO vs. QQCC.TO — Risk / Return Rank
HBB.TO
QQCC.TO
HBB.TO vs. QQCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.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.
| HBB.TO | QQCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.50 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 4.32 | -3.35 |
| Martin ratioReturn relative to average drawdown | 2.20 | 16.04 | -13.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HBB.TO | QQCC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 2.76 | -2.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.90 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.63 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.00 | +0.30 |
Drawdowns
HBB.TO vs. QQCC.TO - Drawdown Comparison
The maximum HBB.TO drawdown since its inception was -18.23%, smaller than the maximum QQCC.TO drawdown of -36.70%. Use the drawdown chart below to compare losses from any high point for HBB.TO and QQCC.TO.
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Drawdown Indicators
| HBB.TO | QQCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.23% | -36.70% | +18.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -8.15% | +5.37% |
Max Drawdown (3Y)Largest decline over 3 years | -5.56% | -22.24% | +16.68% |
Max Drawdown (5Y)Largest decline over 5 years | -16.19% | -22.24% | +6.05% |
Max Drawdown (10Y)Largest decline over 10 years | -18.23% | -36.70% | +18.47% |
Current DrawdownCurrent decline from peak | -2.97% | 0.00% | -2.97% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -8.37% | +3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 2.19% | -0.96% |
Volatility
HBB.TO vs. QQCC.TO - Volatility Comparison
The current volatility for Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO) is 1.58%, while Global X NASDAQ-100 Covered Call ETF (QQCC.TO) has a volatility of 3.75%. This indicates that HBB.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
| HBB.TO | QQCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 3.75% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.43% | 10.03% | -6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 12.78% | -8.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.54% | 17.58% | -11.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.09% | 17.29% | -10.20% |
HBB.TO vs. QQCC.TO - Expense Ratio Comparison
HBB.TO has a 0.09% expense ratio, which is lower than QQCC.TO's 0.65% expense ratio.
Dividends
HBB.TO vs. QQCC.TO - Dividend Comparison
HBB.TO has not paid dividends to shareholders, while QQCC.TO's dividend yield for the trailing twelve months is around 10.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBB.TO Global X Canadian Select Universe Bond Index Corporate Class 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 | 10.48% | 11.27% | 9.89% | 11.85% | 11.04% | 5.15% | 5.84% | 6.31% | 7.90% | 6.01% | 6.73% | 8.89% |
Frequently Asked Questions
HBB.TO and QQCC.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HBB.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HBB.TO is cheaper with a 0.09% expense ratio, compared with 0.65% for QQCC.TO.
HBB.TO is categorized as Total Bond Market, while QQCC.TO is Nasdaq-100. Their fees differ too: 0.09% for HBB.TO and 0.65% for QQCC.TO.
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