HQU.TO vs. HXQ.TO

Last updated Apr 2, 2026

Compare and contrast key facts about BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) and Horizons NASDAQ-100 Index ETF (HXQ.TO).

HQU.TO and HXQ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HQU.TO is managed by Global X. HXQ.TO is a passively managed fund by Horizons that tracks the performance of the NASDAQ-100 Index. It was launched on Apr 19, 2016.

Performance

HQU.TO vs. HXQ.TO - 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 Horizons NASDAQ-100 Index ETF (HXQ.TO). The values are adjusted to include any dividend payments, if applicable.

HQU.TO vs. HXQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	-13.35%	26.77%	40.01%	114.00%	-61.73%	52.20%	83.84%	80.24%	-11.03%	68.57%
HXQ.TO Horizons NASDAQ-100 Index ETF	-3.77%	15.05%	35.98%	51.16%	-27.84%	26.20%	45.58%	32.26%	6.71%	23.12%

Returns By Period

In the year-to-date period, HQU.TO achieves a -13.35% return, which is significantly lower than HXQ.TO's -3.77% return.

HQU.TO

• 1D: 7.32%
• 1M: -10.19%
• YTD: -13.35%
• 6M: -12.59%
• 1Y: 32.69%
• 3Y*: 32.64%
• 5Y*: 12.86%
• 10Y*: 26.83%

HXQ.TO

• 1D: 0.98%
• 1M: -2.40%
• YTD: -3.77%
• 6M: -3.50%
• 1Y: 20.15%
• 3Y*: 23.70%
• 5Y*: 15.26%
• 10Y*: —

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

HQU.TO vs. HXQ.TO - Expense Ratio Comparison

HXQ.TO

Horizons NASDAQ-100 Index ETF

Return for Risk

HQU.TO vs. HXQ.TO — 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: 43
HQU.TO Sharpe Ratio Rank: 38
HQU.TO Sortino Ratio Rank: 47
HQU.TO Omega Ratio Rank: 47
HQU.TO Calmar Ratio Rank: 44
HQU.TO Martin Ratio Rank: 40

HXQ.TO

HXQ.TO Risk / Return Rank: 51
HXQ.TO Sharpe Ratio Rank: 47
HXQ.TO Sortino Ratio Rank: 49
HXQ.TO Omega Ratio Rank: 51
HXQ.TO Calmar Ratio Rank: 59
HXQ.TO Martin Ratio Rank: 47

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. HXQ.TO - 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 Horizons NASDAQ-100 Index ETF (HXQ.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.

	HQU.TO	HXQ.TO	Difference
Sharpe ratio Return per unit of total volatility	0.78	0.90	-0.12
Sortino ratio Return per unit of downside risk	1.37	1.38	0.00
Omega ratio Gain probability vs. loss probability	1.20	1.20	-0.01
Calmar ratio Return relative to maximum drawdown	1.34	1.57	-0.22
Martin ratio Return relative to average drawdown	4.37	4.66	-0.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HQU.TO vs. HXQ.TO - Sharpe Ratio Comparison

The current HQU.TO Sharpe Ratio is 0.78, which is comparable to the HXQ.TO Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of HQU.TO and HXQ.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HQU.TO	HXQ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	0.90	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.74	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.95	-0.91

Correlation

The correlation between HQU.TO and HXQ.TO is 0.86, 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

HQU.TO vs. HXQ.TO - Dividend Comparison

Neither HQU.TO nor HXQ.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

HQU.TO vs. HXQ.TO - Drawdown Comparison

The maximum HQU.TO drawdown since its inception was -95.76%, which is greater than HXQ.TO's maximum drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for HQU.TO and HXQ.TO.

Drawdown Indicators

	HQU.TO	HXQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-95.76%	-31.60%	-64.16%
Max Drawdown (1Y) Largest decline over 1 year	-25.85%	-12.97%	-12.88%
Max Drawdown (5Y) Largest decline over 5 years	-64.83%	-31.60%	-33.23%
Max Drawdown (10Y) Largest decline over 10 years	-64.83%	—	—
Current Drawdown Current decline from peak	-20.43%	-8.56%	-11.87%
Average Drawdown Average peak-to-trough decline	-55.79%	-5.82%	-49.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.95%	4.36%	+3.59%

Volatility

HQU.TO vs. HXQ.TO - Volatility Comparison

BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) has a higher volatility of 13.55% compared to Horizons NASDAQ-100 Index ETF (HXQ.TO) at 6.43%. This indicates that HQU.TO's price experiences larger fluctuations and is considered to be riskier than HXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HQU.TO	HXQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.55%	6.43%	+7.12%
Volatility (6M) Calculated over the trailing 6-month period	25.67%	12.63%	+13.04%
Volatility (1Y) Calculated over the trailing 1-year period	44.85%	22.48%	+22.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.92%	20.78%	+24.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.77%	20.84%	+23.93%