HQU.TO vs. BALQ

Last updated Jun 4, 2026

HQU.TO (BetaPro NASDAQ-100 2x Daily Bull ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. Their correlation of 0.90 suggests significant overlap in exposure.

Performance

HQU.TO vs. BALQ - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) and iShares Nasdaq Premium Income Active ETF (BALQ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HQU.TO is traded in CAD, while BALQ is traded in USD. To make them comparable, the BALQ values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HQU.TO achieves a 41.30% return, which is significantly higher than BALQ's 24.46% return.

HQU.TO

• 1D: 0.95%
• 1M: 22.05%
• YTD: 41.30%
• 6M: 36.32%
• 1Y: 81.34%
• 3Y*: 46.99%
• 5Y*: 23.89%
• 10Y*: 33.31%

BALQ

• 1D: 0.20%
• 1M: 13.37%
• YTD: 24.46%
• 6M: 21.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HQU.TO vs. BALQ - Yearly Performance Comparison

	2026 (YTD)	2025
HQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	41.30%	-3.52%
BALQ iShares Nasdaq Premium Income Active ETF	24.46%	-2.12%

Correlation

The correlation between HQU.TO and BALQ is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.90

Return for Risk

HQU.TO vs. BALQ — Risk / Return Rank

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

HQU.TO

HQU.TO Risk / Return Rank: 70
HQU.TO Sharpe Ratio Rank: 82
HQU.TO Sortino Ratio Rank: 70
HQU.TO Omega Ratio Rank: 69
HQU.TO Calmar Ratio Rank: 67
HQU.TO Martin Ratio Rank: 63

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.

HQU.TO vs. BALQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) and iShares Nasdaq Premium Income Active ETF (BALQ). 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.

	HQU.TO	BALQ	Difference
Sharpe ratio Return per unit of total volatility	2.66	—	—
Sortino ratio Return per unit of downside risk	3.15	—	—
Omega ratio Gain probability vs. loss probability	1.41	—	—
Calmar ratio Return relative to maximum drawdown	3.27	—	—
Martin ratio Return relative to average drawdown	11.20	—	—
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

	HQU.TO	BALQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	2.81	-2.75

Drawdowns

HQU.TO vs. BALQ - Drawdown Comparison

The maximum HQU.TO drawdown since its inception was -95.76%, which is greater than BALQ's maximum drawdown of -10.05%. Use the drawdown chart below to compare losses from any high point for HQU.TO and BALQ.

Drawdown Indicators

	HQU.TO	BALQ	Difference
Max Drawdown Largest peak-to-trough decline	-95.76%	-10.05%	-85.71%
Max Drawdown (1Y) Largest decline over 1 year	-25.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-43.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-64.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.83%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-55.29%	-2.31%	-52.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.54%	—	—

Volatility

Volatility by Period

	HQU.TO	BALQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.85%	17.62%	+14.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.90%	17.62%	+27.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.87%	17.62%	+27.25%

Dividends

HQU.TO vs. BALQ - Dividend Comparison

HQU.TO has not paid dividends to shareholders, while BALQ's dividend yield for the trailing twelve months is around 4.59%.

Position	TTM	2025
BALQ iShares Nasdaq Premium Income Active ETF	4.59%	0.95%
HQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both HQU.TO and BALQ in my portfolio?

HQU.TO and BALQ have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between HQU.TO and BALQ?

They also come from different issuers: Global X and iShares.