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QLD vs. QQU.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QLD vs. QQU.TO

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Ultra QQQ (QLD) and BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO).

QLD and QQU.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006. QQU.TO is an actively managed fund by Global X. It was launched on Jun 18, 2008.

Performance

QLD vs. QQU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra QQQ (QLD) and BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO). The values are adjusted to include any dividend payments, if applicable.

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QLD vs. QQU.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QLD
ProShares Ultra QQQ		-11.23%30.36%42.82%117.72%-60.52%54.67%88.90%81.69%-8.31%70.34%
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF		-12.91%32.84%28.95%118.87%-64.29%53.33%87.52%89.25%-17.94%80.21%
Different Trading Currencies

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

Returns By Period

In the year-to-date period, QLD achieves a -11.23% return, which is significantly higher than QQU.TO's -12.91% return. Over the past 10 years, QLD has outperformed QQU.TO with an annualized return of 29.71%, while QQU.TO has yielded a comparatively lower 26.20% annualized return.

QLD

1D
2.44%
1M
-8.26%
YTD
-11.23%
6M
-9.73%
1Y
38.72%
3Y*
36.50%
5Y*
15.83%
10Y*
29.71%

QQU.TO

1D
1.80%
1M
-10.03%
YTD
-12.91%
6M
-10.80%
1Y
38.93%
3Y*
32.18%
5Y*
10.96%
10Y*
26.20%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

ProShares Ultra QQQ

BetaPro NASDAQ-100 2x Daily Bull ETF

Often compared with QLD:
QLD vs. QQQQLD vs. TQQQQLD vs. SSOQLD vs. QQQMQLD vs. UPROQLD vs. VOOQLD vs. SPY
Often compared with QQU.TO:
QQU.TO vs. TQQQQQU.TO vs. QQC.TOQQU.TO vs. XQQU.TOQQU.TO vs. VCN.TOQQU.TO vs. ZQQ.TOQQU.TO vs. XQQ.TOQQU.TO vs. HCAL.TO

QLD vs. QQU.TO - Expense Ratio Comparison

QLD has a 0.95% expense ratio, which is lower than QQU.TO's 1.46% expense ratio.

QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF
QLD
ProShares Ultra QQQ

Return for Risk

QLD vs. QQU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QLD
QLD Risk / Return Rank: 5353
Overall Rank
QLD Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
QLD Sortino Ratio Rank: 5454
Sortino Ratio Rank
QLD Omega Ratio Rank: 5353
Omega Ratio Rank
QLD Calmar Ratio Rank: 6262
Calmar Ratio Rank
QLD Martin Ratio Rank: 5252
Martin Ratio Rank
QQU.TO
QQU.TO Risk / Return Rank: 4747
Overall Rank
QQU.TO Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
QQU.TO Sortino Ratio Rank: 4949
Sortino Ratio Rank
QQU.TO Omega Ratio Rank: 4848
Omega Ratio Rank
QQU.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
QQU.TO Martin Ratio Rank: 4646
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.

QLD vs. QQU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ (QLD) and BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.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.

QLDQQU.TODifference

Sharpe ratio

Return per unit of total volatility

0.87

0.85

+0.01

Sortino ratio

Return per unit of downside risk

1.46

1.48

-0.02

Omega ratio

Gain probability vs. loss probability

1.21

1.21

0.00

Calmar ratio

Return relative to maximum drawdown

1.63

1.64

-0.01

Martin ratio

Return relative to average drawdown

5.27

5.67

-0.39

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

QLD vs. QQU.TO - Sharpe Ratio Comparison

The current QLD Sharpe Ratio is 0.87, which is comparable to the QQU.TO Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of QLD and QQU.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

QLDQQU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.87

0.85

+0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.36

0.23

+0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.67

0.55

+0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.70

-0.17

Correlation

The correlation between QLD and QQU.TO is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QLD vs. QQU.TO - Dividend Comparison

QLD's dividend yield for the trailing twelve months is around 0.19%, while QQU.TO has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
QLD
ProShares Ultra QQQ		0.19%0.17%0.25%0.33%0.31%0.00%0.00%0.13%0.06%0.02%0.21%0.11%
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull 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%

Drawdowns

QLD vs. QQU.TO - Drawdown Comparison

The maximum QLD drawdown since its inception was -83.13%, which is greater than QQU.TO's maximum drawdown of -67.30%. Use the drawdown chart below to compare losses from any high point for QLD and QQU.TO.

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Drawdown Indicators

QLDQQU.TODifference

Max Drawdown

Largest peak-to-trough decline

-83.13%

-78.51%

-4.62%

Max Drawdown (1Y)

Largest decline over 1 year

-25.13%

-25.85%

+0.72%

Max Drawdown (5Y)

Largest decline over 5 years

-63.68%

-64.83%

+1.15%

Max Drawdown (10Y)

Largest decline over 10 years

-63.68%

-64.83%

+1.15%

Current Drawdown

Current decline from peak

-18.15%

-19.09%

+0.94%

Average Drawdown

Average peak-to-trough decline

-18.30%

-17.16%

-1.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.75%

8.04%

-0.29%

Volatility

QLD vs. QQU.TO - Volatility Comparison

The current volatility for ProShares Ultra QQQ (QLD) is 13.16%, while BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) has a volatility of 14.01%. This indicates that QLD experiences smaller price fluctuations and is considered to be less risky than QQU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QLDQQU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

13.16%

14.01%

-0.85%

Volatility (6M)

Calculated over the trailing 6-month period

25.67%

26.45%

-0.78%

Volatility (1Y)

Calculated over the trailing 1-year period

44.97%

46.03%

-1.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

44.76%

47.79%

-3.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

44.47%

47.56%

-3.09%