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

QQCC.TO vs. SPY

Last updated Apr 3, 2026

Compare and contrast key facts about Global X NASDAQ-100 Covered Call ETF (QQCC.TO) and State Street SPDR S&P 500 ETF (SPY).

QQCC.TO and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQCC.TO is managed by Global X. It was launched on Sep 13, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.

Performance

QQCC.TO vs. SPY - 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 State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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QQCC.TO vs. SPY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QQCC.TO
Global X NASDAQ-100 Covered Call ETF		-1.37%11.64%33.48%35.99%-8.51%7.92%-3.26%16.18%-15.89%18.77%
SPY
State Street SPDR S&P 500 ETF		-2.14%12.32%35.62%23.40%-12.34%27.57%16.33%24.77%3.52%13.96%
Different Trading Currencies

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

Returns By Period

In the year-to-date period, QQCC.TO achieves a -1.37% return, which is significantly higher than SPY's -2.43% return. Over the past 10 years, QQCC.TO has underperformed SPY with an annualized return of 9.32%, while SPY has yielded a comparatively higher 14.78% annualized return.

QQCC.TO

1D
0.16%
1M
-0.43%
YTD
-1.37%
6M
-0.31%
1Y
16.73%
3Y*
20.02%
5Y*
13.28%
10Y*
9.32%

SPY

1D
0.00%
1M
-1.90%
YTD
-2.43%
6M
-2.04%
1Y
14.63%
3Y*
19.67%
5Y*
14.17%
10Y*
14.78%
*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.

Global X NASDAQ-100 Covered Call ETF

State Street SPDR S&P 500 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. HXQ.TO
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

QQCC.TO vs. SPY - Expense Ratio Comparison

QQCC.TO has a 0.65% expense ratio, which is higher than SPY's 0.09% expense ratio.

QQCC.TO
Global X NASDAQ-100 Covered Call ETF
SPY
State Street SPDR S&P 500 ETF

Return for Risk

QQCC.TO vs. SPY — 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: 4444
Overall Rank
QQCC.TO Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
QQCC.TO Sortino Ratio Rank: 4040
Sortino Ratio Rank
QQCC.TO Omega Ratio Rank: 4848
Omega Ratio Rank
QQCC.TO Calmar Ratio Rank: 4141
Calmar Ratio Rank
QQCC.TO Martin Ratio Rank: 4949
Martin Ratio Rank
SPY
SPY Risk / Return Rank: 5353
Overall Rank
SPY Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 5151
Sortino Ratio Rank
SPY Omega Ratio Rank: 5656
Omega Ratio Rank
SPY Calmar Ratio Rank: 5050
Calmar Ratio Rank
SPY Martin Ratio Rank: 6161
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. SPY - 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 State Street SPDR S&P 500 ETF (SPY). 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.TOSPYDifference

Sharpe ratio

Return per unit of total volatility

0.82

0.78

+0.04

Sortino ratio

Return per unit of downside risk

1.22

1.19

+0.03

Omega ratio

Gain probability vs. loss probability

1.20

1.19

+0.01

Calmar ratio

Return relative to maximum drawdown

1.28

1.25

+0.04

Martin ratio

Return relative to average drawdown

5.57

4.62

+0.94

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. SPY - Sharpe Ratio Comparison

The current QQCC.TO Sharpe Ratio is 0.82, which is comparable to the SPY Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of QQCC.TO and SPY, 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

QQCC.TOSPYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.82

0.78

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.94

-0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.92

-0.37

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.00

1.06

-1.06

Correlation

The correlation between QQCC.TO and SPY is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

QQCC.TO vs. SPY - Dividend Comparison

QQCC.TO's dividend yield for the trailing twelve months is around 12.03%, more than SPY's 1.13% yield.

TTM20252024202320222021202020192018201720162015
QQCC.TO
Global X NASDAQ-100 Covered Call ETF		12.03%11.27%9.89%11.85%11.04%5.15%5.84%6.31%7.90%6.01%6.73%8.89%
SPY
State Street SPDR S&P 500 ETF		1.13%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%

Drawdowns

QQCC.TO vs. SPY - Drawdown Comparison

The maximum QQCC.TO drawdown since its inception was -100.13%, which is greater than SPY's maximum drawdown of -27.34%. Use the drawdown chart below to compare losses from any high point for QQCC.TO and SPY.

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Drawdown Indicators

QQCC.TOSPYDifference

Max Drawdown

Largest peak-to-trough decline

-100.13%

-55.19%

-44.94%

Max Drawdown (1Y)

Largest decline over 1 year

-8.15%

-8.88%

+0.73%

Max Drawdown (5Y)

Largest decline over 5 years

-22.24%

-24.50%

+2.26%

Max Drawdown (10Y)

Largest decline over 10 years

-36.70%

-33.72%

-2.98%

Current Drawdown

Current decline from peak

-100.00%

-5.44%

-94.56%

Average Drawdown

Average peak-to-trough decline

-99.78%

-9.09%

-90.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.16%

2.57%

+0.59%

Volatility

QQCC.TO vs. SPY - Volatility Comparison

Global X NASDAQ-100 Covered Call ETF (QQCC.TO) has a higher volatility of 5.76% compared to State Street SPDR S&P 500 ETF (SPY) at 5.25%. This indicates that QQCC.TO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQCC.TOSPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.76%

5.25%

+0.51%

Volatility (6M)

Calculated over the trailing 6-month period

10.72%

9.59%

+1.13%

Volatility (1Y)

Calculated over the trailing 1-year period

20.40%

18.84%

+1.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.54%

15.15%

+2.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.31%

16.20%

+1.11%