HEQL.TO vs. TQQQ.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO) and BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO).

HEQL.TO and TQQQ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEQL.TO is an actively managed fund by Global X. It was launched on Oct 10, 2023. TQQQ.TO is a passively managed fund by Global X that tracks the performance of the Nasdaq-100 Index. It was launched on Jun 16, 2025.

Performance

HEQL.TO vs. TQQQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO) and BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO). The values are adjusted to include any dividend payments, if applicable.

HEQL.TO vs. TQQQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025
HEQL.TO Global X Enhanced All-Equity Asset Allocation ETF CAD	1.60%	19.84%
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF	-18.96%	41.06%

Returns By Period

In the year-to-date period, HEQL.TO achieves a 1.60% return, which is significantly higher than TQQQ.TO's -18.96% return.

HEQL.TO

• 1D: 1.40%
• 1M: -3.84%
• YTD: 1.60%
• 6M: 3.89%
• 1Y: 25.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TQQQ.TO

• 1D: 3.59%
• 1M: -13.32%
• YTD: -18.96%
• 6M: -19.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HEQL.TO vs. TQQQ.TO - Expense Ratio Comparison

HEQL.TO

Global X Enhanced All-Equity Asset Allocation ETF CAD

Return for Risk

HEQL.TO vs. TQQQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HEQL.TO

HEQL.TO Risk / Return Rank: 59
HEQL.TO Sharpe Ratio Rank: 73
HEQL.TO Sortino Ratio Rank: 74
HEQL.TO Omega Ratio Rank: 71
HEQL.TO Calmar Ratio Rank: 36
HEQL.TO Martin Ratio Rank: 42

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.

HEQL.TO vs. TQQQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO) and BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.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.

	HEQL.TO	TQQQ.TO	Difference
Sharpe ratio Return per unit of total volatility	1.35	—	—
Sortino ratio Return per unit of downside risk	1.95	—	—
Omega ratio Gain probability vs. loss probability	1.27	—	—
Calmar ratio Return relative to maximum drawdown	0.99	—	—
Martin ratio Return relative to average drawdown	4.23	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HEQL.TO	TQQQ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.75	0.39	+1.36

Correlation

The correlation between HEQL.TO and TQQQ.TO is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HEQL.TO vs. TQQQ.TO - Dividend Comparison

HEQL.TO's dividend yield for the trailing twelve months is around 1.80%, while TQQQ.TO has not paid dividends to shareholders.

	TTM	2025	2024	2023
HEQL.TO Global X Enhanced All-Equity Asset Allocation ETF CAD	1.80%	1.82%	1.75%	0.55%
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF	0.00%	0.00%	0.00%	0.00%

Drawdowns

HEQL.TO vs. TQQQ.TO - Drawdown Comparison

The maximum HEQL.TO drawdown since its inception was -19.86%, smaller than the maximum TQQQ.TO drawdown of -38.15%. Use the drawdown chart below to compare losses from any high point for HEQL.TO and TQQQ.TO.

Drawdown Indicators

	HEQL.TO	TQQQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-19.86%	-38.15%	+18.29%
Max Drawdown (1Y) Largest decline over 1 year	-15.14%	—	—
Current Drawdown Current decline from peak	-5.34%	-29.51%	+24.17%
Average Drawdown Average peak-to-trough decline	-1.92%	-9.05%	+7.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.64%	—	—

Volatility

Volatility by Period

	HEQL.TO	TQQQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.37%	47.15%	-25.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.59%	47.15%	-28.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.59%	47.15%	-28.56%