POW.TO vs. QQQL.TO
POW.TO (Power Corporation of Canada) is a stock, while QQQL.TO (Global X Enhanced Nasdaq-100 Index ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past year, POW.TO returned 69.61% vs 49.32% for QQQL.TO. At a 0.11 correlation, their price movements are largely independent.
Performance
POW.TO vs. QQQL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, POW.TO achieves a 21.33% return, which is significantly lower than QQQL.TO's 25.16% return.
POW.TO
- 1D
- -1.15%
- 1M
- 7.51%
- YTD
- 21.33%
- 6M
- 22.17%
- 1Y
- 69.61%
- 3Y*
- 43.69%
- 5Y*
- 23.05%
- 10Y*
- 18.37%
QQQL.TO
- 1D
- -3.69%
- 1M
- 2.80%
- YTD
- 25.16%
- 6M
- 23.69%
- 1Y
- 49.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
POW.TO vs. QQQL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
POW.TO Power Corporation of Canada | 21.33% | 69.73% | 15.95% |
QQQL.TO Global X Enhanced Nasdaq-100 Index ETF | 25.16% | 16.12% | 21.98% |
Correlation
The correlation between POW.TO and QQQL.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 27, 2024 | 0.11 |
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Return for Risk
POW.TO vs. QQQL.TO — Risk / Return Rank
POW.TO
QQQL.TO
POW.TO vs. QQQL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Power Corporation of Canada (POW.TO) and Global X Enhanced Nasdaq-100 Index ETF (QQQL.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.
| POW.TO | QQQL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.50 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.88 | 3.83 | +1.06 |
| Martin ratioReturn relative to average drawdown | 14.87 | 10.32 | +4.55 |
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Drawdowns
POW.TO vs. QQQL.TO - Drawdown Comparison
The maximum POW.TO drawdown since its inception was -62.40%, which is greater than QQQL.TO's maximum drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for POW.TO and QQQL.TO.
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Drawdown Indicators
| POW.TO | QQQL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.40% | -27.82% | -34.58% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -13.02% | -1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.16% | — | — |
Current DrawdownCurrent decline from peak | -2.84% | -3.85% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -13.14% | -4.83% | -8.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.70% | 4.81% | -0.11% |
Volatility
POW.TO vs. QQQL.TO - Volatility Comparison
The current volatility for Power Corporation of Canada (POW.TO) is 5.77%, while Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) has a volatility of 10.40%. This indicates that POW.TO experiences smaller price fluctuations and is considered to be less risky than QQQL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| POW.TO | QQQL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 10.40% | -4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 15.48% | 16.10% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.52% | 20.87% | -2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 26.15% | -9.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.04% | 26.15% | -3.11% |
Dividends
POW.TO vs. QQQL.TO - Dividend Comparison
POW.TO's dividend yield for the trailing twelve months is around 2.86%, while QQQL.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
POW.TO Power Corporation of Canada | 2.86% | 3.36% | 5.02% | 5.54% | 6.22% | 4.40% | 7.51% | 4.77% | 6.13% | 4.36% | 4.38% | 4.23% |
QQQL.TO Global X Enhanced 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% |
Frequently Asked Questions
POW.TO and QQQL.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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