HBIX.NEO vs. QQCL.TO
HBIX.NEO (Harvest Bitcoin Enhanced Income ETF) and QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) are both exchange-traded funds - HBIX.NEO is a Leveraged Cryptocurrency fund actively managed by Harvest, while QQCL.TO is a Nasdaq-100 fund actively managed by Global X. Both are actively managed. Over the past year, HBIX.NEO returned -42.38% vs 42.51% for QQCL.TO. At a 0.44 correlation, their price movements are largely independent. HBIX.NEO charges 0.65%/yr vs 0.85%/yr for QQCL.TO.
Performance
HBIX.NEO vs. QQCL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HBIX.NEO achieves a -30.77% return, which is significantly lower than QQCL.TO's 18.82% return.
HBIX.NEO
- 1D
- 3.78%
- 1M
- -21.97%
- YTD
- -30.77%
- 6M
- -32.37%
- 1Y
- -42.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQCL.TO
- 1D
- 0.99%
- 1M
- 4.13%
- YTD
- 18.82%
- 6M
- 19.27%
- 1Y
- 42.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBIX.NEO vs. QQCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBIX.NEO Harvest Bitcoin Enhanced Income ETF | -30.77% | -9.56% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 18.82% | 26.55% |
Correlation
The correlation between HBIX.NEO and QQCL.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 5, 2025 | 0.44 |
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Return for Risk
HBIX.NEO vs. QQCL.TO — Risk / Return Rank
HBIX.NEO
QQCL.TO
HBIX.NEO vs. QQCL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) 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.
| HBIX.NEO | QQCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.30 | ||
| Sortino ratioReturn per unit of downside risk | -4.32 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.45 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 3.90 | -4.67 |
| Martin ratioReturn relative to average drawdown | -1.33 | 14.28 | -15.60 |
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Drawdowns
HBIX.NEO vs. QQCL.TO - Drawdown Comparison
The maximum HBIX.NEO drawdown since its inception was -57.09%, 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 HBIX.NEO and QQCL.TO.
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Drawdown Indicators
| HBIX.NEO | QQCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.09% | -25.63% | -31.46% |
Max Drawdown (1Y)Largest decline over 1 year | -57.09% | -10.70% | -46.39% |
Current DrawdownCurrent decline from peak | -54.15% | -1.68% | -52.47% |
Average DrawdownAverage peak-to-trough decline | -24.75% | -3.32% | -21.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.88% | 2.92% | +29.96% |
Volatility
HBIX.NEO vs. QQCL.TO - Volatility Comparison
Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) has a higher volatility of 14.38% compared to Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) at 7.65%. This indicates that HBIX.NEO'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
| HBIX.NEO | QQCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.38% | 7.65% | +6.73% |
Volatility (6M)Calculated over the trailing 6-month period | 41.42% | 14.09% | +27.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.20% | 16.95% | +35.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.19% | 20.63% | +30.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.19% | 20.63% | +30.56% |
HBIX.NEO vs. QQCL.TO - Expense Ratio Comparison
HBIX.NEO has a 0.65% expense ratio, which is lower than QQCL.TO's 0.85% expense ratio.
Dividends
HBIX.NEO vs. QQCL.TO - Dividend Comparison
HBIX.NEO's dividend yield for the trailing twelve months is around 45.75%, more than QQCL.TO's 13.37% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HBIX.NEO Harvest Bitcoin Enhanced Income ETF | 45.75% | 20.21% | 0.00% | 0.00% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 13.37% | 14.54% | 11.87% | 3.68% |
Frequently Asked Questions
HBIX.NEO and QQCL.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HBIX.NEO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HBIX.NEO is cheaper with a 0.65% expense ratio, compared with 0.85% for QQCL.TO.
HBIX.NEO is categorized as Leveraged Cryptocurrency, while QQCL.TO is Nasdaq-100. They also come from different issuers: Harvest and Global X. Their fees differ too: 0.65% for HBIX.NEO and 0.85% for QQCL.TO.
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