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HQU.TO vs. PBQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HQU.TO vs. PBQQ

Last updated Jun 4, 2026

HQU.TO (BetaPro NASDAQ-100 2x Daily Bull ETF) and PBQQ (PGIM Laddered Nasdaq-100 Buffer 12 ETF) are both exchange-traded funds - HQU.TO is a Nasdaq-100 fund managed by Global X, while PBQQ is a Defined Outcome fund actively managed by PGIM. Over the past year, HQU.TO returned 81.34% vs 22.54% for PBQQ. A 0.71 correlation means they provide meaningful diversification when combined.

Performance

HQU.TO vs. PBQQ - 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 PGIM Laddered Nasdaq-100 Buffer 12 ETF (PBQQ). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HQU.TO is traded in CAD, while PBQQ is traded in USD. To make them comparable, the PBQQ 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 PBQQ's 10.49% 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%

PBQQ

1D
0.20%
1M
4.62%
YTD
10.49%
6M
9.36%
1Y
22.54%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HQU.TO vs. PBQQ - Yearly Performance Comparison

2026 (YTD)2025
HQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF		41.30%27.41%
PBQQ
PGIM Laddered Nasdaq-100 Buffer 12 ETF		10.49%9.98%

Correlation

The correlation between HQU.TO and PBQQ is 0.64, 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

0.64

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2025

0.71

The correlation between HQU.TO and PBQQ has been stable across timeframes, ranging from 0.64 to 0.71 - 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.

BetaPro NASDAQ-100 2x Daily Bull ETF

PGIM Laddered Nasdaq-100 Buffer 12 ETF

Often compared with HQU.TO:
HQU.TO vs. LYMZ.DEHQU.TO vs. PQAPHQU.TO vs. IFEDHQU.TO vs. LYY8.DEHQU.TO vs. HXQ.TOHQU.TO vs. QBUFHQU.TO vs. BRKW
Often compared with PBQQ:
PBQQ vs. QQQIPBQQ vs. PMJAPBQQ vs. JEPQPBQQ vs. BUFIPBQQ vs. CPSTPBQQ vs. TDECPBQQ vs. GPIQ

Return for Risk

HQU.TO vs. PBQQ — 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: 7070
Overall Rank
HQU.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
HQU.TO Sortino Ratio Rank: 7070
Sortino Ratio Rank
HQU.TO Omega Ratio Rank: 6969
Omega Ratio Rank
HQU.TO Calmar Ratio Rank: 6767
Calmar Ratio Rank
HQU.TO Martin Ratio Rank: 6363
Martin Ratio Rank
PBQQ
PBQQ Risk / Return Rank: 8989
Overall Rank
PBQQ Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
PBQQ Sortino Ratio Rank: 9191
Sortino Ratio Rank
PBQQ Omega Ratio Rank: 9191
Omega Ratio Rank
PBQQ Calmar Ratio Rank: 8383
Calmar Ratio Rank
PBQQ Martin Ratio Rank: 9191
Martin Ratio Rank
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. PBQQ - 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 PGIM Laddered Nasdaq-100 Buffer 12 ETF (PBQQ). 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.TOPBQQDifference

Sharpe ratio

Return per unit of total volatility

2.66

2.97

-0.31

Sortino ratio

Return per unit of downside risk

3.15

4.19

-1.03

Omega ratio

Gain probability vs. loss probability

1.41

1.57

-0.16

Calmar ratio

Return relative to maximum drawdown

3.27

5.55

-2.27

Martin ratio

Return relative to average drawdown

11.20

16.24

-5.04

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. PBQQ - Sharpe Ratio Comparison

The current HQU.TO Sharpe Ratio is 2.66, which is comparable to the PBQQ Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of HQU.TO and PBQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HQU.TOPBQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.66

2.97

-0.31

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

1.25

-1.19

Drawdowns

HQU.TO vs. PBQQ - Drawdown Comparison

The maximum HQU.TO drawdown since its inception was -95.76%, which is greater than PBQQ's maximum drawdown of -13.10%. Use the drawdown chart below to compare losses from any high point for HQU.TO and PBQQ.

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Drawdown Indicators

HQU.TOPBQQDifference

Max Drawdown

Largest peak-to-trough decline

-95.76%

-13.10%

-82.66%

Max Drawdown (1Y)

Largest decline over 1 year

-25.85%

-4.08%

-21.77%

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%

-1.94%

-53.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.54%

1.39%

+6.15%

Volatility

HQU.TO vs. PBQQ - Volatility Comparison

BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) has a higher volatility of 9.22% compared to PGIM Laddered Nasdaq-100 Buffer 12 ETF (PBQQ) at 1.22%. This indicates that HQU.TO's price experiences larger fluctuations and is considered to be riskier than PBQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HQU.TOPBQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.22%

1.22%

+8.00%

Volatility (6M)

Calculated over the trailing 6-month period

24.33%

5.73%

+18.60%

Volatility (1Y)

Calculated over the trailing 1-year period

31.85%

7.64%

+24.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

44.90%

11.92%

+32.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

44.87%

11.92%

+32.95%

Dividends

HQU.TO vs. PBQQ - Dividend Comparison

HQU.TO has not paid dividends to shareholders, while PBQQ's dividend yield for the trailing twelve months is around 0.01%.

PositionTTM2025
HQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF		0.00%0.00%
PBQQ
PGIM Laddered Nasdaq-100 Buffer 12 ETF		0.01%0.01%

Frequently Asked Questions

HQU.TO and PBQQ have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HQU.TO is categorized as Nasdaq-100, while PBQQ is Defined Outcome. They also come from different issuers: Global X and PGIM.

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