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

QQCC.TO vs. ZWU.TO

Last updated Jun 4, 2026

QQCC.TO (Global X NASDAQ-100 Covered Call ETF) and ZWU.TO (BMO Covered Call Utilities ETF) are both exchange-traded funds - QQCC.TO is a Nasdaq-100 fund managed by Global X, while ZWU.TO is a Utilities Equities fund actively managed by BMO. Over the past 10 years, QQCC.TO returned 10.87%/yr vs 6.08%/yr for ZWU.TO. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.65% expense ratio.

Performance

QQCC.TO vs. ZWU.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 BMO Covered Call Utilities ETF (ZWU.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 ZWU.TO's 10.15% return. Over the past 10 years, QQCC.TO has outperformed ZWU.TO with an annualized return of 10.87%, while ZWU.TO has yielded a comparatively lower 6.08% annualized 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%

ZWU.TO

1D
-0.50%
1M
-0.34%
YTD
10.15%
6M
9.37%
1Y
15.17%
3Y*
10.66%
5Y*
6.33%
10Y*
6.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
QQCC.TO
Global X NASDAQ-100 Covered Call ETF		16.94%11.64%33.48%35.99%-8.51%7.92%-3.26%16.18%-15.89%18.77%
ZWU.TO
BMO Covered Call Utilities ETF		10.15%13.18%10.97%-2.79%-3.89%15.80%-7.09%23.48%-5.73%5.63%

Correlation

The correlation between QQCC.TO and ZWU.TO is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.20

Correlation (3Y)
Calculated over the trailing 3-year period

-0.07

Correlation (5Y)
Calculated over the trailing 5-year period

0.08

Correlation (10Y)
Calculated over the trailing 10-year period

0.21

Correlation (All Time)
Calculated using the full available price history since Oct 28, 2011

0.28

The correlation between QQCC.TO and ZWU.TO shifts across timeframes, from -0.20 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

QQCC.TO vs. ZWU.TO - Sectors Allocation Comparison

Sectors
QQCC.TO
ZWU.TO

Technology

50.5%

-

Communication Services

16.1%
21.5%

Consumer Cyclical

12.6%

-

Consumer Defensive

8.6%

-

Healthcare

5.1%

-

Industrials

3.3%

-

Utilities

1.5%
52.7%

Basic Materials

1.3%

-

Energy

0.7%
25.8%

Financial Services

0.2%

-

Real Estate

0.1%

-

Technology

QQCC.TO
50.5%
ZWU.TO

-

Communication Services

QQCC.TO
16.1%
ZWU.TO
21.5%

Consumer Cyclical

QQCC.TO
12.6%
ZWU.TO

-

Consumer Defensive

QQCC.TO
8.6%
ZWU.TO

-

Healthcare

QQCC.TO
5.1%
ZWU.TO

-

Industrials

QQCC.TO
3.3%
ZWU.TO

-

Utilities

QQCC.TO
1.5%
ZWU.TO
52.7%

Basic Materials

QQCC.TO
1.3%
ZWU.TO

-

Energy

QQCC.TO
0.7%
ZWU.TO
25.8%

Financial Services

QQCC.TO
0.2%
ZWU.TO

-

Real Estate

QQCC.TO
0.1%
ZWU.TO

-

Compare stocks, funds, or ETFs

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Global X NASDAQ-100 Covered Call ETF

BMO Covered Call Utilities 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 ZWU.TO:
ZWU.TO vs. ZUT.TOZWU.TO vs. UMAX.TOZWU.TO vs. UTES.TOZWU.TO vs. ZWC.TOZWU.TO vs. HUTE.TOZWU.TO vs. PAYF.TOZWU.TO vs. SYLD.TO

Return for Risk

QQCC.TO vs. ZWU.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
ZWU.TO
ZWU.TO Risk / Return Rank: 5858
Overall Rank
ZWU.TO Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
ZWU.TO Sortino Ratio Rank: 6262
Sortino Ratio Rank
ZWU.TO Omega Ratio Rank: 5757
Omega Ratio Rank
ZWU.TO Calmar Ratio Rank: 6363
Calmar Ratio Rank
ZWU.TO Martin Ratio Rank: 5151
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. ZWU.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 BMO Covered Call Utilities ETF (ZWU.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.TOZWU.TODifference

Sharpe ratio

Return per unit of total volatility

2.76

2.01

+0.75

Sortino ratio

Return per unit of downside risk

3.72

2.94

+0.77

Omega ratio

Gain probability vs. loss probability

1.50

1.36

+0.15

Calmar ratio

Return relative to maximum drawdown

4.32

3.13

+1.19

Martin ratio

Return relative to average drawdown

16.04

8.85

+7.20

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. ZWU.TO - Sharpe Ratio Comparison

The current QQCC.TO Sharpe Ratio is 2.76, which is higher than the ZWU.TO Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of QQCC.TO and ZWU.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.TOZWU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.76

2.01

+0.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.90

0.61

+0.29

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.43

+0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.00

0.42

-0.42

Drawdowns

QQCC.TO vs. ZWU.TO - Drawdown Comparison

The maximum QQCC.TO drawdown since its inception was -36.70%, roughly equal to the maximum ZWU.TO drawdown of -37.41%. Use the drawdown chart below to compare losses from any high point for QQCC.TO and ZWU.TO.

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Drawdown Indicators

QQCC.TOZWU.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.70%

-37.41%

+0.71%

Max Drawdown (1Y)

Largest decline over 1 year

-8.15%

-4.86%

-3.29%

Max Drawdown (3Y)

Largest decline over 3 years

-22.24%

-12.85%

-9.39%

Max Drawdown (5Y)

Largest decline over 5 years

-22.24%

-23.36%

+1.12%

Max Drawdown (10Y)

Largest decline over 10 years

-36.70%

-37.41%

+0.71%

Current Drawdown

Current decline from peak

0.00%

-2.31%

+2.31%

Average Drawdown

Average peak-to-trough decline

-8.37%

-5.38%

-2.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.19%

1.73%

+0.46%

Volatility

QQCC.TO vs. ZWU.TO - Volatility Comparison

Global X NASDAQ-100 Covered Call ETF (QQCC.TO) has a higher volatility of 3.75% compared to BMO Covered Call Utilities ETF (ZWU.TO) at 2.81%. This indicates that QQCC.TO's price experiences larger fluctuations and is considered to be riskier than ZWU.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.TOZWU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.75%

2.81%

+0.94%

Volatility (6M)

Calculated over the trailing 6-month period

10.03%

6.30%

+3.73%

Volatility (1Y)

Calculated over the trailing 1-year period

12.78%

7.59%

+5.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.58%

10.47%

+7.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.29%

14.18%

+3.11%

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

Both QQCC.TO and ZWU.TO have an expense ratio of 0.65%.

Dividends

QQCC.TO vs. ZWU.TO - Dividend Comparison

QQCC.TO's dividend yield for the trailing twelve months is around 10.48%, more than ZWU.TO's 7.09% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
ZWU.TO
BMO Covered Call Utilities ETF		7.09%7.59%7.96%8.54%8.35%7.43%7.94%6.29%6.84%6.46%6.77%7.57%

Frequently Asked Questions

QQCC.TO and ZWU.TO have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

QQCC.TO and ZWU.TO have the same expense ratio: 0.65% per year.

QQCC.TO is categorized as Nasdaq-100, while ZWU.TO is Utilities Equities. They also come from different issuers: Global X and BMO.

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