HNU.TO vs. QQCL.TO
HNU.TO (BetaPro Natural Gas Leveraged Daily Bull ETF) and QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) are both exchange-traded funds - HNU.TO is a Leveraged Commodities fund actively managed by Global X, while QQCL.TO is a Nasdaq-100 fund actively managed by Global X. Both are actively managed. Over the past year, HNU.TO returned -60.92% vs 42.71% for QQCL.TO. At a correlation of -0.05, they often move in opposite directions.
Performance
HNU.TO vs. QQCL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HNU.TO achieves a -34.05% return, which is significantly lower than QQCL.TO's 24.17% return.
HNU.TO
- 1D
- 5.08%
- 1M
- -5.95%
- YTD
- -34.05%
- 6M
- -42.88%
- 1Y
- -60.92%
- 3Y*
- -62.06%
- 5Y*
- -66.59%
- 10Y*
- -58.51%
QQCL.TO
- 1D
- 1.94%
- 1M
- 4.61%
- YTD
- 24.17%
- 6M
- 23.29%
- 1Y
- 42.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HNU.TO vs. QQCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HNU.TO BetaPro Natural Gas Leveraged Daily Bull ETF | -34.05% | -57.15% | -52.11% | -60.74% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 24.17% | 13.10% | 41.38% | 4.96% |
Correlation
The correlation between HNU.TO and QQCL.TO is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | -0.05 |
The correlation between HNU.TO and QQCL.TO shifts across timeframes, from -0.19 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HNU.TO vs. QQCL.TO — Risk / Return Rank
HNU.TO
QQCL.TO
HNU.TO vs. QQCL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro Natural Gas Leveraged Daily Bull ETF (HNU.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.
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.
| HNU.TO | QQCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.95 | ||
| Sortino ratioReturn per unit of downside risk | -3.42 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.43 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 4.01 | -4.88 |
| Martin ratioReturn relative to average drawdown | -1.29 | 14.50 | -15.79 |
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Drawdowns
HNU.TO vs. QQCL.TO - Drawdown Comparison
The maximum HNU.TO drawdown since its inception was -100.00%, 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 HNU.TO and QQCL.TO.
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Drawdown Indicators
| HNU.TO | QQCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -25.63% | -74.37% |
Max Drawdown (1Y)Largest decline over 1 year | -70.42% | -10.70% | -59.72% |
Max Drawdown (3Y)Largest decline over 3 years | -95.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -99.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | 0.00% | -100.00% |
Average DrawdownAverage peak-to-trough decline | -96.59% | -3.29% | -93.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.42% | 2.95% | +44.47% |
Volatility
HNU.TO vs. QQCL.TO - Volatility Comparison
BetaPro Natural Gas Leveraged Daily Bull ETF (HNU.TO) has a higher volatility of 20.36% compared to Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) at 9.02%. This indicates that HNU.TO'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
| HNU.TO | QQCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.36% | 9.02% | +11.34% |
Volatility (6M)Calculated over the trailing 6-month period | 102.42% | 14.94% | +87.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 112.83% | 17.85% | +94.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 124.41% | 20.77% | +103.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.26% | 20.77% | +85.49% |
Dividends
HNU.TO vs. QQCL.TO - Dividend Comparison
HNU.TO has not paid dividends to shareholders, while QQCL.TO's dividend yield for the trailing twelve months is around 12.99%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HNU.TO BetaPro Natural Gas Leveraged Daily Bull ETF | 0.00% | 0.00% | 0.00% | 0.00% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 12.99% | 14.54% | 11.87% | 3.68% |
Frequently Asked Questions
HNU.TO and QQCL.TO have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HNU.TO is categorized as Leveraged Commodities, while QQCL.TO is Nasdaq-100.
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