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QQCE.TO vs. QQCL.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQCE.TO vs. QQCL.TO

Last updated Jun 4, 2026

QQCE.TO (Invesco ESG NASDAQ 100 Index ETF) and QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) are both Nasdaq-100 funds. QQCE.TO is passively managed, while QQCL.TO is actively managed. Over the past year, QQCE.TO returned 45.87% vs 43.99% for QQCL.TO. Their correlation of 0.84 suggests significant overlap in exposure. QQCE.TO charges 0.21%/yr vs 0.85%/yr for QQCL.TO.

Performance

QQCE.TO vs. QQCL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco ESG NASDAQ 100 Index ETF (QQCE.TO) and Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.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, QQCE.TO achieves a 23.30% return, which is significantly higher than QQCL.TO's 20.85% return.

QQCE.TO

1D
0.16%
1M
14.10%
YTD
23.30%
6M
19.99%
1Y
45.87%
3Y*
30.82%
5Y*
—
10Y*
—

QQCL.TO

1D
0.47%
1M
12.39%
YTD
20.85%
6M
17.94%
1Y
43.99%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQCE.TO vs. QQCL.TO - Yearly Performance Comparison

2026 (YTD)202520242023
QQCE.TO
Invesco ESG NASDAQ 100 Index ETF		23.30%16.43%36.67%7.65%
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		20.85%13.10%41.38%5.48%

Correlation

The correlation between QQCE.TO and QQCL.TO is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.89

Correlation (All Time)
Calculated using the full available price history since Oct 12, 2023

0.84

The correlation between QQCE.TO and QQCL.TO has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

Invesco ESG NASDAQ 100 Index ETF

Global X Enhanced NASDAQ-100 Covered Call ETF

Often compared with QQCE.TO:
QQCE.TO vs. QQC-F.TOQQCE.TO vs. QQCI.TOQQCE.TO vs. XIU.TOQQCE.TO vs. TLV.TOQQCE.TO vs. ESG.TOQQCE.TO vs. EQLI.TOQQCE.TO vs. ZGRO.TO
Often compared with QQCL.TO:
QQCL.TO vs. QQC.TOQQCL.TO vs. QQCC.TOQQCL.TO vs. HYLDQQCL.TO vs. QMAX.TOQQCL.TO vs. QYLDQQCL.TO vs. XEQT.TOQQCL.TO vs. QQQY.TO

Return for Risk

QQCE.TO vs. QQCL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQCE.TO
QQCE.TO Risk / Return Rank: 7676
Overall Rank
QQCE.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
QQCE.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
QQCE.TO Omega Ratio Rank: 8282
Omega Ratio Rank
QQCE.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
QQCE.TO Martin Ratio Rank: 6161
Martin Ratio Rank
QQCL.TO
QQCL.TO Risk / Return Rank: 8181
Overall Rank
QQCL.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
QQCL.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
QQCL.TO Omega Ratio Rank: 8282
Omega Ratio Rank
QQCL.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
QQCL.TO Martin Ratio Rank: 7878
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.

QQCE.TO vs. QQCL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ 100 Index ETF (QQCE.TO) and Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.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.

QQCE.TOQQCL.TODifference
Sharpe ratioReturn per unit of total volatility
2.80
2.81

-0.01

Sortino ratioReturn per unit of downside risk
3.60
3.65

-0.05

Omega ratioGain probability vs. loss probability

1.50

1.51

-0.01

Calmar ratioReturn relative to maximum drawdown

3.50

4.14

-0.63

Martin ratioReturn relative to average drawdown

10.72

15.49

-4.77

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

QQCE.TO vs. QQCL.TO - Sharpe Ratio Comparison

The current QQCE.TO Sharpe Ratio is 2.80, which is comparable to the QQCL.TO Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of QQCE.TO and QQCL.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

QQCE.TOQQCL.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.80

2.81

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.92

1.52

-0.60

Drawdowns

QQCE.TO vs. QQCL.TO - Drawdown Comparison

The maximum QQCE.TO drawdown since its inception was -30.86%, which is greater than QQCL.TO's maximum drawdown of -25.63%. Use the drawdown chart below to compare losses from any high point for QQCE.TO and QQCL.TO.

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Drawdown Indicators

QQCE.TOQQCL.TODifference

Max Drawdown

Largest peak-to-trough decline

-30.86%

-25.63%

-5.23%

Max Drawdown (1Y)

Largest decline over 1 year

-13.16%

-10.68%

-2.48%

Max Drawdown (3Y)

Largest decline over 3 years

-23.05%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-8.70%

-3.32%

-5.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.29%

2.85%

+1.44%

Volatility

QQCE.TO vs. QQCL.TO - Volatility Comparison

Invesco ESG NASDAQ 100 Index ETF (QQCE.TO) has a higher volatility of 4.78% compared to Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) at 4.30%. This indicates that QQCE.TO's price experiences larger fluctuations and is considered to be riskier than QQCL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQCE.TOQQCL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.78%

4.30%

+0.48%

Volatility (6M)

Calculated over the trailing 6-month period

12.65%

12.58%

+0.07%

Volatility (1Y)

Calculated over the trailing 1-year period

16.47%

15.74%

+0.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.71%

20.38%

+0.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.71%

20.38%

+0.33%

QQCE.TO vs. QQCL.TO - Expense Ratio Comparison

QQCE.TO has a 0.21% expense ratio, which is lower than QQCL.TO's 0.85% expense ratio.

Dividends

QQCE.TO vs. QQCL.TO - Dividend Comparison

QQCE.TO's dividend yield for the trailing twelve months is around 0.26%, less than QQCL.TO's 13.15% yield.

PositionTTM20252024202320222021
QQCE.TO
Invesco ESG NASDAQ 100 Index ETF		0.26%0.32%0.38%0.44%0.79%0.14%
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		13.15%14.54%11.87%3.68%0.00%0.00%

Frequently Asked Questions

QQCE.TO and QQCL.TO have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, QQCE.TO is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QQCE.TO is cheaper with a 0.21% expense ratio, compared with 0.85% for QQCL.TO.

They also come from different issuers: Invesco and Global X. Their fees differ too: 0.21% for QQCE.TO and 0.85% for QQCL.TO.

Portfolio Optimizer

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