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

HXQ.TO vs. TQQQ

Last updated Aug 2, 2026
Documentation

HXQ.TO (Global X Nasdaq-100 Index Corporate Class ETF) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, HXQ.TO returned 21.14%/yr vs 40.38%/yr for TQQQ. Their correlation of 0.83 means they have usually moved in the same direction. HXQ.TO charges 0.25%/yr vs 0.95%/yr for TQQQ.

Performance

HXQ.TO vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, HXQ.TO achieves a 14.56% return, which is significantly lower than TQQQ's 25.90% return. Over the past 10 years, HXQ.TO has underperformed TQQQ with an annualized return of 21.14%, while TQQQ has yielded a comparatively higher 40.38% annualized return.

HXQ.TO

1D
0.69%
1M
-5.98%
6M
14.12%
YTD
14.56%
1Y
26.47%
3Y*
24.20%
5Y*
16.73%
10Y*
21.14%
ALL TIME*
21.11%

TQQQ

1D
1.91%
1M
-13.18%
6M
24.76%
YTD
25.90%
1Y
58.62%
3Y*
46.73%
5Y*
18.12%
10Y*
40.38%
ALL TIME*
44.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

HXQ.TO

Global X Nasdaq-100 Index Corporate Class ETF
CA$2.97MCA$3.02MCA$3.91M

TQQQ

ProShares UltraPro QQQ
CA$6.16BCA$6.45BCA$7.43B

HXQ.TO vs. TQQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HXQ.TO
Global X Nasdaq-100 Index Corporate Class ETF		14.56%15.05%35.98%51.16%-27.84%26.20%45.58%32.26%6.71%23.12%
TQQQ
ProShares UltraPro QQQ		25.90%28.22%71.67%190.95%-77.77%82.89%105.07%124.20%-13.04%103.30%

Correlation

The correlation between HXQ.TO and TQQQ is 0.90, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.90

Correlation (3Y)
Balances recent behavior with more history.

0.90

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.91

Correlation (10Y)
Provides a long-term view across more market conditions.

0.85

Correlation (All Time)
Calculated using the full available price history since Apr 21, 2016

0.83

The correlation between HXQ.TO and TQQQ has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.

HXQ.TO vs. TQQQ - Sectors Allocation Comparison

Sectors
HXQ.TO
TQQQ

Technology

55.9%
53.8%

Communication Services

15.8%
15.8%

Consumer Cyclical

13.2%
12.3%

Healthcare

4.4%
4.2%

Consumer Defensive

4.4%
7.7%

Industrials

3.1%
2.8%

Utilities

1.4%
1.4%

Basic Materials

1.0%
1.1%

Energy

0.5%
0.6%

Financial Services

0.3%
0.2%

Real Estate

0.2%
0.1%

Technology

HXQ.TO
55.9%
TQQQ
53.8%

Communication Services

HXQ.TO
15.8%
TQQQ
15.8%

Consumer Cyclical

HXQ.TO
13.2%
TQQQ
12.3%

Healthcare

HXQ.TO
4.4%
TQQQ
4.2%

Consumer Defensive

HXQ.TO
4.4%
TQQQ
7.7%

Industrials

HXQ.TO
3.1%
TQQQ
2.8%

Utilities

HXQ.TO
1.4%
TQQQ
1.4%

Basic Materials

HXQ.TO
1.0%
TQQQ
1.1%

Energy

HXQ.TO
0.5%
TQQQ
0.6%

Financial Services

HXQ.TO
0.3%
TQQQ
0.2%

Real Estate

HXQ.TO
0.2%
TQQQ
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.

Global X Nasdaq-100 Index Corporate Class ETF

ProShares UltraPro QQQ

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 TQQQ:
TQQQ vs. QQQTQQQ vs. SOXLTQQQ vs. QLDTQQQ vs. SQQQTQQQ vs. UPROTQQQ vs. SPXLTQQQ vs. TECL

Return for Risk

HXQ.TO vs. TQQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
HXQ.TO
HXQ.TO Risk / Return Rank: 5151
Overall Rank
HXQ.TO Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
HXQ.TO Sortino Ratio Rank: 5050
Sortino Ratio Rank
HXQ.TO Omega Ratio Rank: 5050
Omega Ratio Rank
HXQ.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
HXQ.TO Martin Ratio Rank: 4848
Martin Ratio Rank
TQQQ
TQQQ Risk / Return Rank: 3636
Overall Rank
TQQQ Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
TQQQ Sortino Ratio Rank: 3737
Sortino Ratio Rank
TQQQ Omega Ratio Rank: 3636
Omega Ratio Rank
TQQQ Calmar Ratio Rank: 3737
Calmar Ratio Rank
TQQQ Martin Ratio Rank: 3636
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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

This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) and ProShares UltraPro QQQ (TQQQ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

HXQ.TOTQQQDifference
Sharpe ratioReturn per unit of total volatility
1.25
0.87

+0.38

Sortino ratioReturn per unit of downside risk
1.75
1.42

+0.33

Omega ratioGain probability vs. loss probability

1.23

1.18

+0.05

Calmar ratioReturn relative to maximum drawdown

1.90

1.34

+0.57

Martin ratioReturn relative to average drawdown

5.49

3.69

+1.80

HXQ.TO vs. TQQQ - Sharpe Ratio Comparison

The current HXQ.TO Sharpe Ratio is 1.25, which is higher than the TQQQ Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of HXQ.TO and TQQQ, 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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Drawdowns

HXQ.TO vs. TQQQ - Drawdown Comparison

The maximum HXQ.TO drawdown since its inception was -31.60%, smaller than the maximum TQQQ drawdown of -80.32%. Use the drawdown chart below to compare losses from any high point for HXQ.TO and TQQQ.

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Drawdown Indicators

HXQ.TOTQQQDifference

Max Drawdown

Largest peak-to-trough decline

-31.60%

-80.32%

+48.72%

Max Drawdown (1Y)

Largest decline over 1 year

-12.43%

-37.15%

+24.72%

Max Drawdown (3Y)

Largest decline over 3 years

-22.58%

-58.00%

+35.42%

Max Drawdown (5Y)

Largest decline over 5 years

-31.60%

-80.32%

+48.72%

Max Drawdown (10Y)

Largest decline over 10 years

-31.60%

-80.32%

+48.72%

Current Drawdown

Current decline from peak

-7.80%

-24.82%

+17.02%

Average Drawdown

Average peak-to-trough decline

-5.72%

-17.74%

+12.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.30%

13.43%

-9.13%

Volatility

HXQ.TO vs. TQQQ - Volatility Comparison

The current volatility for Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) is 6.71%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 20.17%. This indicates that HXQ.TO experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HXQ.TOTQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.71%

20.17%

-13.46%

Volatility (6M)

Calculated over the trailing 6-month period

15.67%

47.81%

-32.14%

Volatility (1Y)

Calculated over the trailing 1-year period

18.98%

57.45%

-38.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.29%

68.27%

-46.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.07%

66.91%

-45.84%

HXQ.TO vs. TQQQ - Expense Ratio Comparison

HXQ.TO has a 0.25% expense ratio, which is lower than TQQQ's 0.95% expense ratio.

Dividends

HXQ.TO vs. TQQQ - Dividend Comparison

HXQ.TO has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.58%.

PositionTTM20252024202320222021202020192018201720162015
HXQ.TO
Global X Nasdaq-100 Index Corporate Class 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%
TQQQ
ProShares UltraPro QQQ		0.58%0.65%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%

Frequently Asked Questions

HXQ.TO and TQQQ 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.

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 0.95% for TQQQ.

HXQ.TO is categorized as Nasdaq-100, while TQQQ is Leveraged Equities. HXQ.TO tracks NASDAQ-100 Index, while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: Global X and ProShares. Their fees differ too: 0.25% for HXQ.TO and 0.95% for TQQQ.

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