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HXQ.TO vs. QQCC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HXQ.TO vs. QQCC.TO

Last updated Jun 3, 2026

HXQ.TO (Horizons NASDAQ-100 Index ETF) and QQCC.TO (Global X NASDAQ-100 Covered Call ETF) are both Nasdaq-100 funds. Over the past 10 years, HXQ.TO returned 22.56%/yr vs 10.79%/yr for QQCC.TO. A 0.53 correlation means they provide meaningful diversification when combined. HXQ.TO charges 0.25%/yr vs 0.65%/yr for QQCC.TO.

Performance

HXQ.TO vs. QQCC.TO - Performance Comparison

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

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Returns By Period

In the year-to-date period, HXQ.TO achieves a 22.53% return, which is significantly higher than QQCC.TO's 16.14% return. Over the past 10 years, HXQ.TO has outperformed QQCC.TO with an annualized return of 22.56%, while QQCC.TO has yielded a comparatively lower 10.79% annualized return.

HXQ.TO

1D
0.48%
1M
12.65%
YTD
22.53%
6M
18.96%
1Y
44.49%
3Y*
29.97%
5Y*
21.43%
10Y*
22.56%

QQCC.TO

1D
0.14%
1M
9.67%
YTD
16.14%
6M
13.89%
1Y
35.24%
3Y*
23.28%
5Y*
15.51%
10Y*
10.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
HXQ.TO
Horizons NASDAQ-100 Index ETF		22.53%15.05%35.98%51.16%-27.84%26.20%45.58%32.26%6.71%23.12%
QQCC.TO
Global X NASDAQ-100 Covered Call ETF		16.14%11.64%33.48%35.99%-8.51%7.92%-3.26%16.18%-15.89%18.77%

Correlation

The correlation between HXQ.TO and QQCC.TO is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.95

Correlation (3Y)
Calculated over the trailing 3-year period

0.94

Correlation (5Y)
Calculated over the trailing 5-year period

0.74

Correlation (10Y)
Calculated over the trailing 10-year period

0.53

Correlation (All Time)
Calculated using the full available price history since Apr 22, 2016

0.53

Over the past year, HXQ.TO and QQCC.TO have become more correlated (0.95) than their long-term average of 0.53, meaning their price movements have been converging.

HXQ.TO vs. QQCC.TO - Sectors Allocation Comparison

Sectors
HXQ.TO
QQCC.TO

Technology

55.9%
50.5%

Communication Services

15.8%
16.1%

Consumer Cyclical

13.2%
12.6%

Healthcare

4.4%
5.1%

Consumer Defensive

4.4%
8.6%

Industrials

3.1%
3.3%

Utilities

1.4%
1.5%

Basic Materials

1.0%
1.3%

Energy

0.5%
0.7%

Financial Services

0.3%
0.2%

Real Estate

0.2%
0.1%

Technology

HXQ.TO
55.9%
QQCC.TO
50.5%

Communication Services

HXQ.TO
15.8%
QQCC.TO
16.1%

Consumer Cyclical

HXQ.TO
13.2%
QQCC.TO
12.6%

Healthcare

HXQ.TO
4.4%
QQCC.TO
5.1%

Consumer Defensive

HXQ.TO
4.4%
QQCC.TO
8.6%

Industrials

HXQ.TO
3.1%
QQCC.TO
3.3%

Utilities

HXQ.TO
1.4%
QQCC.TO
1.5%

Basic Materials

HXQ.TO
1.0%
QQCC.TO
1.3%

Energy

HXQ.TO
0.5%
QQCC.TO
0.7%

Financial Services

HXQ.TO
0.3%
QQCC.TO
0.2%

Real Estate

HXQ.TO
0.2%
QQCC.TO
0.1%

Compare stocks, funds, or ETFs

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

Horizons NASDAQ-100 Index ETF

Global X NASDAQ-100 Covered Call ETF

Often compared with HXQ.TO:
HXQ.TO vs. QQC.TOHXQ.TO vs. XQQ.TOHXQ.TO vs. VFV.TOHXQ.TO vs. QQQHXQ.TO vs. HXS.TOHXQ.TO vs. ZNQ.TOHXQ.TO vs. QQC-F.TO
Often compared with QQCC.TO:
QQCC.TO vs. QQCL.TOQQCC.TO vs. QQC.TOQQCC.TO vs. QQQIQQCC.TO vs. QQQQQCC.TO vs. NVDA.TOQQCC.TO vs. XQQ.TOQQCC.TO vs. JEPQ.TO

Return for Risk

HXQ.TO vs. QQCC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HXQ.TO
HXQ.TO Risk / Return Rank: 7777
Overall Rank
HXQ.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
HXQ.TO Sortino Ratio Rank: 8282
Sortino Ratio Rank
HXQ.TO Omega Ratio Rank: 8282
Omega Ratio Rank
HXQ.TO Calmar Ratio Rank: 7272
Calmar Ratio Rank
HXQ.TO Martin Ratio Rank: 6464
Martin Ratio Rank
QQCC.TO
QQCC.TO Risk / Return Rank: 8282
Overall Rank
QQCC.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
QQCC.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
QQCC.TO Omega Ratio Rank: 8383
Omega Ratio Rank
QQCC.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
QQCC.TO Martin Ratio Rank: 8181
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.

HXQ.TO vs. QQCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizons NASDAQ-100 Index ETF (HXQ.TO) and Global X NASDAQ-100 Covered Call ETF (QQCC.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.

HXQ.TOQQCC.TODifference

Sharpe ratio

Return per unit of total volatility

2.86

2.77

+0.09

Sortino ratio

Return per unit of downside risk

3.72

3.73

-0.01

Omega ratio

Gain probability vs. loss probability

1.50

1.51

-0.01

Calmar ratio

Return relative to maximum drawdown

3.64

4.37

-0.73

Martin ratio

Return relative to average drawdown

11.73

16.24

-4.52

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

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

The current HXQ.TO Sharpe Ratio is 2.86, which is comparable to the QQCC.TO Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of HXQ.TO and QQCC.TO, 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

HXQ.TOQQCC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.86

2.77

+0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.04

0.89

+0.15

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.09

0.63

+0.46

Sharpe Ratio (All Time)

Calculated using the full available price history

1.08

0.00

+1.08

Drawdowns

HXQ.TO vs. QQCC.TO - Drawdown Comparison

The maximum HXQ.TO drawdown since its inception was -31.60%, smaller than the maximum QQCC.TO drawdown of -36.70%. Use the drawdown chart below to compare losses from any high point for HXQ.TO and QQCC.TO.

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Drawdown Indicators

HXQ.TOQQCC.TODifference

Max Drawdown

Largest peak-to-trough decline

-31.60%

-36.70%

+5.10%

Max Drawdown (1Y)

Largest decline over 1 year

-12.43%

-8.15%

-4.28%

Max Drawdown (3Y)

Largest decline over 3 years

-22.58%

-22.24%

-0.34%

Max Drawdown (5Y)

Largest decline over 5 years

-31.60%

-22.24%

-9.36%

Max Drawdown (10Y)

Largest decline over 10 years

-31.60%

-36.70%

+5.10%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-5.75%

-8.37%

+2.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.86%

2.19%

+1.67%

Volatility

HXQ.TO vs. QQCC.TO - Volatility Comparison

Horizons NASDAQ-100 Index ETF (HXQ.TO) has a higher volatility of 4.66% compared to Global X NASDAQ-100 Covered Call ETF (QQCC.TO) at 3.75%. This indicates that HXQ.TO's price experiences larger fluctuations and is considered to be riskier than QQCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HXQ.TOQQCC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.66%

3.75%

+0.91%

Volatility (6M)

Calculated over the trailing 6-month period

11.81%

10.02%

+1.79%

Volatility (1Y)

Calculated over the trailing 1-year period

15.62%

12.76%

+2.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.76%

17.58%

+3.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.83%

17.29%

+3.54%

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

HXQ.TO has a 0.25% expense ratio, which is lower than QQCC.TO's 0.65% expense ratio.

Dividends

HXQ.TO vs. QQCC.TO - Dividend Comparison

HXQ.TO has not paid dividends to shareholders, while QQCC.TO's dividend yield for the trailing twelve months is around 10.55%.

PositionTTM20252024202320222021202020192018201720162015
HXQ.TO
Horizons NASDAQ-100 Index ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QQCC.TO
Global X NASDAQ-100 Covered Call ETF		10.55%11.27%9.89%11.85%11.04%5.15%5.84%6.31%7.90%6.01%6.73%8.89%

Frequently Asked Questions

With a correlation of 0.95, HXQ.TO and QQCC.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, HXQ.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HXQ.TO is cheaper with a 0.25% expense ratio, compared with 0.65% for QQCC.TO.

They also come from different issuers: Horizons and Global X. Their fees differ too: 0.25% for HXQ.TO and 0.65% for QQCC.TO.

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