HBTE.NEO vs. QQCL.TO
HBTE.NEO (Harvest Bitcoin Leaders Enhanced Income ETF) and QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) are both exchange-traded funds - HBTE.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, HBTE.NEO returned 68.12% vs 43.99% for QQCL.TO. A 0.53 correlation means they provide meaningful diversification when combined. HBTE.NEO charges 0.75%/yr vs 0.85%/yr for QQCL.TO.
Performance
HBTE.NEO vs. QQCL.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HBTE.NEO achieves a 29.23% return, which is significantly higher than QQCL.TO's 20.85% return.
HBTE.NEO
- 1D
- -0.99%
- 1M
- 11.29%
- YTD
- 29.23%
- 6M
- 10.47%
- 1Y
- 68.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQCL.TO
- 1D
- 0.47%
- 1M
- 12.39%
- YTD
- 20.85%
- 6M
- 17.94%
- 1Y
- 43.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBTE.NEO vs. QQCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBTE.NEO Harvest Bitcoin Leaders Enhanced Income ETF | 29.23% | 60.52% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 20.85% | 29.14% |
Correlation
The correlation between HBTE.NEO and QQCL.TO is 0.52, 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 | 0.52 |
Correlation (All Time) Calculated using the full available price history since May 1, 2025 | 0.53 |
The correlation between HBTE.NEO and QQCL.TO has been stable across timeframes, ranging from 0.52 to 0.53 - 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.
Return for Risk
HBTE.NEO vs. QQCL.TO — Risk / Return Rank
HBTE.NEO
QQCL.TO
HBTE.NEO vs. QQCL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Bitcoin Leaders Enhanced Income ETF (HBTE.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.
| HBTE.NEO | QQCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.51 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 4.14 | -2.91 |
| Martin ratioReturn relative to average drawdown | 2.40 | 15.49 | -13.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HBTE.NEO | QQCL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 2.81 | -1.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 1.52 | -0.09 |
Drawdowns
HBTE.NEO vs. QQCL.TO - Drawdown Comparison
The maximum HBTE.NEO drawdown since its inception was -55.75%, 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 HBTE.NEO and QQCL.TO.
Loading charts...
Drawdown Indicators
| HBTE.NEO | QQCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.75% | -25.63% | -30.12% |
Max Drawdown (1Y)Largest decline over 1 year | -55.75% | -10.68% | -45.07% |
Current DrawdownCurrent decline from peak | -23.92% | 0.00% | -23.92% |
Average DrawdownAverage peak-to-trough decline | -21.02% | -3.32% | -17.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.52% | 2.85% | +25.67% |
Volatility
HBTE.NEO vs. QQCL.TO - Volatility Comparison
Harvest Bitcoin Leaders Enhanced Income ETF (HBTE.NEO) has a higher volatility of 15.68% compared to Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) at 4.30%. This indicates that HBTE.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.
Loading charts...
Volatility by Period
| HBTE.NEO | QQCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.68% | 4.30% | +11.38% |
Volatility (6M)Calculated over the trailing 6-month period | 50.18% | 12.58% | +37.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.86% | 15.74% | +51.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.79% | 20.38% | +46.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.79% | 20.38% | +46.41% |
HBTE.NEO vs. QQCL.TO - Expense Ratio Comparison
HBTE.NEO has a 0.75% expense ratio, which is lower than QQCL.TO's 0.85% expense ratio.
Dividends
HBTE.NEO vs. QQCL.TO - Dividend Comparison
HBTE.NEO's dividend yield for the trailing twelve months is around 25.89%, more than QQCL.TO's 13.15% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HBTE.NEO Harvest Bitcoin Leaders Enhanced Income ETF | 25.89% | 18.40% | 0.00% | 0.00% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 13.15% | 14.54% | 11.87% | 3.68% |
Frequently Asked Questions
HBTE.NEO and QQCL.TO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HBTE.NEO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HBTE.NEO is cheaper with a 0.75% expense ratio, compared with 0.85% for QQCL.TO.
HBTE.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: 0.75% for HBTE.NEO and 0.85% for QQCL.TO.
Find the right allocation for HBTE.NEO and QQCL.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer