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QQCC.TO vs. CASH.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQCC.TO vs. CASH.TO

Last updated Jun 4, 2026

QQCC.TO (Global X NASDAQ-100 Covered Call ETF) and CASH.TO (Global X High Interest Savings ETF) are both exchange-traded funds - QQCC.TO is a Nasdaq-100 fund managed by Global X, while CASH.TO is a Money Market fund actively managed by Global X. Over the past 3 years, QQCC.TO returned 23.56%/yr vs 3.62%/yr for CASH.TO. At a 0.01 correlation, their price movements are largely independent. QQCC.TO charges 0.65%/yr vs 0.11%/yr for CASH.TO.

Performance

QQCC.TO vs. CASH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X NASDAQ-100 Covered Call ETF (QQCC.TO) and Global X High Interest Savings ETF (CASH.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QQCC.TO achieves a 16.94% return, which is significantly higher than CASH.TO's 0.83% return.

QQCC.TO

1D
0.69%
1M
10.18%
YTD
16.94%
6M
14.76%
1Y
35.05%
3Y*
23.56%
5Y*
15.67%
10Y*
10.87%

CASH.TO

1D
0.00%
1M
0.15%
YTD
0.83%
6M
1.01%
1Y
2.22%
3Y*
3.62%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQCC.TO vs. CASH.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
QQCC.TO
Global X NASDAQ-100 Covered Call ETF		16.94%11.64%33.48%35.99%-8.51%0.21%
CASH.TO
Global X High Interest Savings ETF		0.83%2.45%4.53%5.11%2.39%0.08%

Correlation

The correlation between QQCC.TO and CASH.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 (3Y)
Calculated over the trailing 3-year period

0.03

Correlation (All Time)
Calculated using the full available price history since Nov 4, 2021

0.01

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 Covered Call ETF

Global X High Interest Savings ETF

Often compared with QQCC.TO:
QQCC.TO vs. QQCL.TOQQCC.TO vs. QQC.TOQQCC.TO vs. QQQIQQCC.TO vs. QQQQQCC.TO vs. NVDA.TOQQCC.TO vs. XQQ.TOQQCC.TO vs. JEPQ.TO
Often compared with CASH.TO:
CASH.TO vs. ZMMK.TOCASH.TO vs. CBIL.TOCASH.TO vs. HSAV.TOCASH.TO vs. PSA.TOCASH.TO vs. CMR.TOCASH.TO vs. SGOVCASH.TO vs. TCSH.TO

Return for Risk

QQCC.TO vs. CASH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQCC.TO
QQCC.TO Risk / Return Rank: 8282
Overall Rank
QQCC.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
QQCC.TO Sortino Ratio Rank: 8282
Sortino Ratio Rank
QQCC.TO Omega Ratio Rank: 8282
Omega Ratio Rank
QQCC.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
QQCC.TO Martin Ratio Rank: 8080
Martin Ratio Rank
CASH.TO
CASH.TO Risk / Return Rank: 100100
Overall Rank
CASH.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
CASH.TO Sortino Ratio Rank: 100100
Sortino Ratio Rank
CASH.TO Omega Ratio Rank: 100100
Omega Ratio Rank
CASH.TO Calmar Ratio Rank: 100100
Calmar Ratio Rank
CASH.TO Martin Ratio Rank: 100100
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.

QQCC.TO vs. CASH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ-100 Covered Call ETF (QQCC.TO) and Global X High Interest Savings ETF (CASH.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.

QQCC.TOCASH.TODifference
Sharpe ratioReturn per unit of total volatility
2.76
10.33

-7.57

Sortino ratioReturn per unit of downside risk
3.72
32.48

-28.77

Omega ratioGain probability vs. loss probability

1.50

7.47

-5.96

Calmar ratioReturn relative to maximum drawdown

4.32

111.49

-107.16

Martin ratioReturn relative to average drawdown

16.04

468.24

-452.20

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

QQCC.TO vs. CASH.TO - Sharpe Ratio Comparison

The current QQCC.TO Sharpe Ratio is 2.76, which is lower than the CASH.TO Sharpe Ratio of 10.33. The chart below compares the historical Sharpe Ratios of QQCC.TO and CASH.TO, 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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Sharpe Ratios by Period

QQCC.TOCASH.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.76

10.33

-7.57

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.90

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.00

5.52

-5.52

Drawdowns

QQCC.TO vs. CASH.TO - Drawdown Comparison

The maximum QQCC.TO drawdown since its inception was -36.70%, which is greater than CASH.TO's maximum drawdown of -0.80%. Use the drawdown chart below to compare losses from any high point for QQCC.TO and CASH.TO.

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Drawdown Indicators

QQCC.TOCASH.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.70%

-0.80%

-35.90%

Max Drawdown (1Y)

Largest decline over 1 year

-8.15%

-0.02%

-8.13%

Max Drawdown (3Y)

Largest decline over 3 years

-22.24%

-0.06%

-22.18%

Max Drawdown (5Y)

Largest decline over 5 years

-22.24%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-36.70%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-8.37%

-0.00%

-8.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.19%

0.00%

+2.19%

Volatility

QQCC.TO vs. CASH.TO - Volatility Comparison

Global X NASDAQ-100 Covered Call ETF (QQCC.TO) has a higher volatility of 3.75% compared to Global X High Interest Savings ETF (CASH.TO) at 0.06%. This indicates that QQCC.TO's price experiences larger fluctuations and is considered to be riskier than CASH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQCC.TOCASH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.75%

0.06%

+3.69%

Volatility (6M)

Calculated over the trailing 6-month period

10.03%

0.13%

+9.90%

Volatility (1Y)

Calculated over the trailing 1-year period

12.78%

0.22%

+12.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.58%

0.61%

+16.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.29%

0.61%

+16.68%

QQCC.TO vs. CASH.TO - Expense Ratio Comparison

QQCC.TO has a 0.65% expense ratio, which is higher than CASH.TO's 0.11% expense ratio.

Dividends

QQCC.TO vs. CASH.TO - Dividend Comparison

QQCC.TO's dividend yield for the trailing twelve months is around 10.48%, more than CASH.TO's 2.19% yield.

PositionTTM20252024202320222021202020192018201720162015
CASH.TO
Global X High Interest Savings ETF		2.19%2.53%4.37%5.06%2.30%0.10%0.00%0.00%0.00%0.00%0.00%0.00%
QQCC.TO
Global X NASDAQ-100 Covered Call ETF		10.48%11.27%9.89%11.85%11.04%5.15%5.84%6.31%7.90%6.01%6.73%8.89%

Frequently Asked Questions

QQCC.TO and CASH.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, CASH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CASH.TO is cheaper with a 0.11% expense ratio, compared with 0.65% for QQCC.TO.

QQCC.TO is categorized as Nasdaq-100, while CASH.TO is Money Market. Their fees differ too: 0.65% for QQCC.TO and 0.11% for CASH.TO.

Portfolio Optimizer

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