QQCC.TO vs. HEQT.TO

Last updated Aug 2, 2026

QQCC.TO (Global X NASDAQ-100 Covered Call ETF) and HEQT.TO (Global X All-Equity Asset Allocation ETF) are both exchange-traded funds - QQCC.TO is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while HEQT.TO is a Global Equities fund actively managed by Global X. QQCC.TO is passively managed, while HEQT.TO is actively managed. Over the past 5 years, QQCC.TO returned -0.73%/yr vs 12.25%/yr for HEQT.TO. Their 0.62 correlation means they have sometimes moved together and sometimes differently. QQCC.TO charges 0.65%/yr vs 0.24%/yr for HEQT.TO.

Performance

QQCC.TO vs. HEQT.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 All-Equity Asset Allocation ETF (HEQT.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQCC.TO achieves a 11.50% return, which is significantly lower than HEQT.TO's 14.01% return.

QQCC.TO

• 1D: 0.82%
• 1M: -5.11%
• 6M: 10.65%
• YTD: 11.50%
• 1Y: 22.66%
• 3Y*: 19.76%
• 5Y*: -0.73%
• 10Y*: 0.45%
• ALL TIME*: -1.39%

HEQT.TO

• 1D: 0.08%
• 1M: -1.89%
• 6M: 11.56%
• YTD: 14.01%
• 1Y: 27.88%
• 3Y*: 20.21%
• 5Y*: 12.25%
• 10Y*: —
• ALL TIME*: 14.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HEQT.TO Global X All-Equity Asset Allocation ETF	CA$118.97K	CA$166.70K	CA$187.80K
QQCC.TO Global X NASDAQ-100 Covered Call ETF	CA$861.14K	CA$855.52K	CA$1.23M

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
QQCC.TO Global X NASDAQ-100 Covered Call ETF	11.50%	11.64%	33.42%	35.92%	-55.98%	5.24%	-6.26%	5.11%
HEQT.TO Global X All-Equity Asset Allocation ETF	14.01%	19.82%	23.83%	22.29%	-18.95%	22.54%	16.34%	7.44%

Correlation

The correlation between QQCC.TO and HEQT.TO is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (5Y) Shows whether the relationship held over a longer period.	0.66
Correlation (All Time) Calculated using the full available price history since Sep 18, 2019	0.62

The correlation between QQCC.TO and HEQT.TO shifts across timeframes, from 0.62 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

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

Compare historical risk-adjusted metric ranks over the past 12 months.

QQCC.TO

QQCC.TO Risk / Return Rank: 56
QQCC.TO Sharpe Ratio Rank: 54
QQCC.TO Sortino Ratio Rank: 52
QQCC.TO Omega Ratio Rank: 53
QQCC.TO Calmar Ratio Rank: 57
QQCC.TO Martin Ratio Rank: 63

HEQT.TO

HEQT.TO Risk / Return Rank: 85
HEQT.TO Sharpe Ratio Rank: 86
HEQT.TO Sortino Ratio Rank: 85
HEQT.TO Omega Ratio Rank: 86
HEQT.TO Calmar Ratio Rank: 83
HEQT.TO Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQCC.TO vs. HEQT.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 All-Equity Asset Allocation ETF (HEQT.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.

	QQCC.TO	HEQT.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.29	2.01	-0.72
Sortino ratio: Return per unit of downside risk	1.83	2.80	-0.98
Omega ratio: Gain probability vs. loss probability	1.24	1.37	-0.14
Calmar ratio: Return relative to maximum drawdown	2.01	3.10	-1.09
Martin ratio: Return relative to average drawdown	7.45	12.95	-5.50

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

The current QQCC.TO Sharpe Ratio is 1.29, which is lower than the HEQT.TO Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of QQCC.TO and HEQT.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.

Drawdowns

QQCC.TO vs. HEQT.TO - Drawdown Comparison

The maximum QQCC.TO drawdown since its inception was -67.77%, which is greater than HEQT.TO's maximum drawdown of -31.82%. Use the drawdown chart below to compare losses from any high point for QQCC.TO and HEQT.TO.

Drawdown Indicators

	QQCC.TO	HEQT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-67.77%	-31.82%	-35.95%
Max Drawdown (1Y) Largest decline over 1 year	-10.36%	-8.49%	-1.87%
Max Drawdown (3Y) Largest decline over 3 years	-22.24%	-15.33%	-6.91%
Max Drawdown (5Y) Largest decline over 5 years	-59.13%	-24.89%	-34.24%
Max Drawdown (10Y) Largest decline over 10 years	-62.91%	—	—
Current Drawdown Current decline from peak	-26.22%	-2.05%	-24.17%
Average Drawdown Average peak-to-trough decline	-28.23%	-5.10%	-23.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.03%	+0.76%

Volatility

QQCC.TO vs. HEQT.TO - Volatility Comparison

Global X NASDAQ-100 Covered Call ETF (QQCC.TO) has a higher volatility of 6.29% compared to Global X All-Equity Asset Allocation ETF (HEQT.TO) at 3.85%. This indicates that QQCC.TO's price experiences larger fluctuations and is considered to be riskier than HEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQCC.TO	HEQT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.29%	3.85%	+2.44%
Volatility (6M) Calculated over the trailing 6-month period	13.68%	10.92%	+2.76%
Volatility (1Y) Calculated over the trailing 1-year period	16.07%	13.07%	+3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.52%	15.03%	+13.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.38%	16.83%	+6.55%

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

QQCC.TO has a 0.65% expense ratio, which is higher than HEQT.TO's 0.24% expense ratio.

Dividends

QQCC.TO vs. HEQT.TO - Dividend Comparison

QQCC.TO's dividend yield for the trailing twelve months is around 11.34%, more than HEQT.TO's 1.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HEQT.TO Global X All-Equity Asset Allocation ETF	1.51%	1.70%	1.67%	0.84%	0.03%	0.02%	1.40%	0.22%	0.00%	0.00%	0.00%	0.00%
QQCC.TO Global X NASDAQ-100 Covered Call ETF	11.34%	11.27%	9.84%	11.79%	11.06%	2.58%	2.92%	3.14%	3.96%	3.00%	3.36%	4.44%

Frequently Asked Questions

Can I hold both QQCC.TO and HEQT.TO in my portfolio?

QQCC.TO and HEQT.TO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQCC.TO or HEQT.TO?

On fees, HEQT.TO is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQCC.TO or HEQT.TO?

HEQT.TO is cheaper with a 0.24% expense ratio, compared with 0.65% for QQCC.TO.

What is the main difference between QQCC.TO and HEQT.TO?

QQCC.TO is categorized as Nasdaq-100, while HEQT.TO is Global Equities. Their fees differ too: 0.65% for QQCC.TO and 0.24% for HEQT.TO.