NRGU.TO vs. QQCL.TO
NRGU.TO (BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF) and QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) are both exchange-traded funds - NRGU.TO is a Leveraged Equities fund actively managed by Global X, while QQCL.TO is a Nasdaq-100 fund actively managed by Global X. Both are actively managed. Over the past year, NRGU.TO returned 91.01% vs 42.71% for QQCL.TO. At a 0.06 correlation, their price movements are largely independent.
Performance
NRGU.TO vs. QQCL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, NRGU.TO achieves a 48.99% return, which is significantly higher than QQCL.TO's 24.17% return.
NRGU.TO
- 1D
- -0.51%
- 1M
- -15.98%
- YTD
- 48.99%
- 6M
- 47.81%
- 1Y
- 91.01%
- 3Y*
- 33.54%
- 5Y*
- 39.04%
- 10Y*
- 3.88%
QQCL.TO
- 1D
- 1.94%
- 1M
- 4.61%
- YTD
- 24.17%
- 6M
- 23.29%
- 1Y
- 42.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NRGU.TO vs. QQCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NRGU.TO BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF | 48.99% | 21.43% | 16.67% | -18.07% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 24.17% | 13.10% | 41.38% | 4.96% |
Correlation
The correlation between NRGU.TO and QQCL.TO is -0.10, 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 | -0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | 0.06 |
The correlation between NRGU.TO and QQCL.TO shifts across timeframes, from -0.10 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NRGU.TO vs. QQCL.TO — Risk / Return Rank
NRGU.TO
QQCL.TO
NRGU.TO vs. QQCL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF (NRGU.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.
| NRGU.TO | QQCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 4.01 | -1.13 |
| Martin ratioReturn relative to average drawdown | 9.72 | 14.50 | -4.78 |
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Drawdowns
NRGU.TO vs. QQCL.TO - Drawdown Comparison
The maximum NRGU.TO drawdown since its inception was -99.71%, 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 NRGU.TO and QQCL.TO.
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Drawdown Indicators
| NRGU.TO | QQCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.71% | -25.63% | -74.08% |
Max Drawdown (1Y)Largest decline over 1 year | -31.71% | -10.70% | -21.01% |
Max Drawdown (3Y)Largest decline over 3 years | -51.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -52.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -97.54% | — | — |
Current DrawdownCurrent decline from peak | -87.78% | 0.00% | -87.78% |
Average DrawdownAverage peak-to-trough decline | -83.54% | -3.29% | -80.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.40% | 2.95% | +6.45% |
Volatility
NRGU.TO vs. QQCL.TO - Volatility Comparison
BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF (NRGU.TO) has a higher volatility of 16.68% compared to Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) at 9.02%. This indicates that NRGU.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
| NRGU.TO | QQCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.68% | 9.02% | +7.66% |
Volatility (6M)Calculated over the trailing 6-month period | 40.33% | 14.94% | +25.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.14% | 17.85% | +29.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.20% | 20.77% | +36.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.50% | 20.77% | +45.73% |
Dividends
NRGU.TO vs. QQCL.TO - Dividend Comparison
NRGU.TO has not paid dividends to shareholders, while QQCL.TO's dividend yield for the trailing twelve months is around 12.99%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NRGU.TO BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF | 0.00% | 0.00% | 0.00% | 0.00% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 12.99% | 14.54% | 11.87% | 3.68% |
Frequently Asked Questions
NRGU.TO and QQCL.TO have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRGU.TO is categorized as Leveraged Equities, while QQCL.TO is Nasdaq-100.
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