INOC.TO vs. QQCL.TO
INOC.TO (Global X Inovestor Canadian Equity Index ETF) and QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) are both exchange-traded funds - INOC.TO is a Canada Equities fund tracking the Nasdaq Inovestor Canada Index, while QQCL.TO is a Nasdaq-100 fund actively managed by Global X. INOC.TO is passively managed, while QQCL.TO is actively managed. Over the past year, INOC.TO returned 23.25% vs 43.39% for QQCL.TO. At a 0.21 correlation, their price movements are largely independent. INOC.TO charges 0.76%/yr vs 0.85%/yr for QQCL.TO.
Performance
INOC.TO vs. QQCL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, INOC.TO achieves a 11.12% return, which is significantly lower than QQCL.TO's 20.72% return.
INOC.TO
- 1D
- 0.16%
- 1M
- 4.50%
- YTD
- 11.12%
- 6M
- 13.11%
- 1Y
- 23.25%
- 3Y*
- 16.74%
- 5Y*
- 11.20%
- 10Y*
- —
QQCL.TO
- 1D
- -1.27%
- 1M
- 5.79%
- YTD
- 20.72%
- 6M
- 21.47%
- 1Y
- 43.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INOC.TO vs. QQCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
INOC.TO Global X Inovestor Canadian Equity Index ETF | 11.12% | 13.17% | 11.66% | 10.40% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 20.72% | 13.10% | 41.38% | 4.96% |
Correlation
The correlation between INOC.TO and QQCL.TO is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | 0.21 |
The correlation between INOC.TO and QQCL.TO shifts across timeframes, from 0.04 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
INOC.TO vs. QQCL.TO — Risk / Return Rank
INOC.TO
QQCL.TO
INOC.TO vs. QQCL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Inovestor Canadian Equity Index ETF (INOC.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.
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.
| INOC.TO | QQCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.46 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 4.07 | -1.54 |
| Martin ratioReturn relative to average drawdown | 8.68 | 14.90 | -6.22 |
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Drawdowns
INOC.TO vs. QQCL.TO - Drawdown Comparison
The maximum INOC.TO drawdown since its inception was -39.65%, 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 INOC.TO and QQCL.TO.
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Drawdown Indicators
| INOC.TO | QQCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.65% | -25.63% | -14.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -10.70% | +1.48% |
Max Drawdown (3Y)Largest decline over 3 years | -14.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.27% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -3.31% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.92% | -0.24% |
Volatility
INOC.TO vs. QQCL.TO - Volatility Comparison
The current volatility for Global X Inovestor Canadian Equity Index ETF (INOC.TO) is 3.12%, while Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) has a volatility of 8.14%. This indicates that INOC.TO experiences smaller price fluctuations and is considered to be less risky 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
| INOC.TO | QQCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 8.14% | -5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 14.31% | -5.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.86% | 17.21% | -5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 20.69% | -7.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 20.69% | -5.17% |
INOC.TO vs. QQCL.TO - Expense Ratio Comparison
INOC.TO has a 0.76% expense ratio, which is lower than QQCL.TO's 0.85% expense ratio.
Dividends
INOC.TO vs. QQCL.TO - Dividend Comparison
INOC.TO's dividend yield for the trailing twelve months is around 1.16%, less than QQCL.TO's 13.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
INOC.TO Global X Inovestor Canadian Equity Index ETF | 1.16% | 1.66% | 1.61% | 2.04% | 1.82% | 1.81% | 2.03% | 1.89% | 2.06% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 13.16% | 14.54% | 11.87% | 3.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
INOC.TO and QQCL.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, INOC.TO is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.
INOC.TO is cheaper with a 0.76% expense ratio, compared with 0.85% for QQCL.TO.
INOC.TO is categorized as Canada Equities, while QQCL.TO is Nasdaq-100. Their fees differ too: 0.76% for INOC.TO and 0.85% for QQCL.TO.
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