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HUG.TO vs. QQCL.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

HUG.TO vs. QQCL.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Gold ETF (HUG.TO) and Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO).

HUG.TO and QQCL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HUG.TO is a passively managed fund by Global X that tracks the performance of the Solactive Gold Front Month MD Rolling Futures Index ER. It was launched on Jun 24, 2009. QQCL.TO is an actively managed fund by Global X. It was launched on Oct 10, 2023.

Performance

HUG.TO vs. QQCL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Gold ETF (HUG.TO) and Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO). The values are adjusted to include any dividend payments, if applicable.

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HUG.TO vs. QQCL.TO - Yearly Performance Comparison

2026 (YTD)202520242023
HUG.TO
Global X Gold ETF		7.30%57.93%24.13%9.91%
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		-2.23%13.10%41.38%5.48%

Returns By Period

In the year-to-date period, HUG.TO achieves a 7.30% return, which is significantly higher than QQCL.TO's -2.23% return.

HUG.TO

1D
3.60%
1M
-12.54%
YTD
7.30%
6M
18.54%
1Y
43.71%
3Y*
29.54%
5Y*
19.17%
10Y*
11.28%

QQCL.TO

1D
1.14%
1M
-2.87%
YTD
-2.23%
6M
-0.65%
1Y
20.20%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Gold ETF

Global X Enhanced NASDAQ-100 Covered Call ETF

Often compared with HUG.TO:
HUG.TO vs. CGL.TOHUG.TO vs. CGL-C.TOHUG.TO vs. VALT.TOHUG.TO vs. XEQT.TOHUG.TO vs. CASH.TOHUG.TO vs. PHYS.TOHUG.TO vs. SVR-C.TO
Often compared with QQCL.TO:
QQCL.TO vs. QQC.TOQQCL.TO vs. QQCC.TOQQCL.TO vs. QMAX.TOQQCL.TO vs. HYLDQQCL.TO vs. QYLDQQCL.TO vs. XEQT.TOQQCL.TO vs. HTAE.TO

HUG.TO vs. QQCL.TO - Expense Ratio Comparison

HUG.TO has a 0.54% expense ratio, which is lower than QQCL.TO's 0.85% expense ratio.

QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF
HUG.TO
Global X Gold ETF

Return for Risk

HUG.TO vs. QQCL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HUG.TO
HUG.TO Risk / Return Rank: 8080
Overall Rank
HUG.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
HUG.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
HUG.TO Omega Ratio Rank: 7878
Omega Ratio Rank
HUG.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
HUG.TO Martin Ratio Rank: 7979
Martin Ratio Rank
QQCL.TO
QQCL.TO Risk / Return Rank: 4747
Overall Rank
QQCL.TO Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
QQCL.TO Sortino Ratio Rank: 4545
Sortino Ratio Rank
QQCL.TO Omega Ratio Rank: 5151
Omega Ratio Rank
QQCL.TO Calmar Ratio Rank: 4848
Calmar Ratio Rank
QQCL.TO Martin Ratio Rank: 5151
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.

HUG.TO vs. QQCL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Gold ETF (HUG.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.

HUG.TOQQCL.TODifference

Sharpe ratio

Return per unit of total volatility

1.58

0.83

+0.75

Sortino ratio

Return per unit of downside risk

2.02

1.30

+0.72

Omega ratio

Gain probability vs. loss probability

1.30

1.20

+0.09

Calmar ratio

Return relative to maximum drawdown

2.36

1.29

+1.07

Martin ratio

Return relative to average drawdown

8.51

5.17

+3.33

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HUG.TO vs. QQCL.TO - Sharpe Ratio Comparison

The current HUG.TO Sharpe Ratio is 1.58, which is higher than the QQCL.TO Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of HUG.TO and QQCL.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.

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Sharpe Ratios by Period

HUG.TOQQCL.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.58

0.83

+0.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.07

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.69

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

1.09

-0.63

Correlation

The correlation between HUG.TO and QQCL.TO is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

HUG.TO vs. QQCL.TO - Dividend Comparison

HUG.TO has not paid dividends to shareholders, while QQCL.TO's dividend yield for the trailing twelve months is around 15.66%.

TTM202520242023
HUG.TO
Global X Gold ETF		0.00%0.00%0.00%0.00%
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		15.66%14.54%11.87%3.68%

Drawdowns

HUG.TO vs. QQCL.TO - Drawdown Comparison

The maximum HUG.TO drawdown since its inception was -47.99%, 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 HUG.TO and QQCL.TO.

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Drawdown Indicators

HUG.TOQQCL.TODifference

Max Drawdown

Largest peak-to-trough decline

-47.99%

-25.63%

-22.36%

Max Drawdown (1Y)

Largest decline over 1 year

-19.27%

-16.21%

-3.06%

Max Drawdown (5Y)

Largest decline over 5 years

-22.06%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-24.66%

—

—

Current Drawdown

Current decline from peak

-13.85%

-5.97%

-7.88%

Average Drawdown

Average peak-to-trough decline

-23.04%

-3.48%

-19.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.35%

4.05%

+1.30%

Volatility

HUG.TO vs. QQCL.TO - Volatility Comparison

Global X Gold ETF (HUG.TO) has a higher volatility of 10.58% compared to Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) at 7.43%. This indicates that HUG.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

HUG.TOQQCL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

10.58%

7.43%

+3.15%

Volatility (6M)

Calculated over the trailing 6-month period

24.01%

13.36%

+10.65%

Volatility (1Y)

Calculated over the trailing 1-year period

27.70%

24.55%

+3.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.97%

20.70%

-2.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.38%

20.70%

-4.32%