QQCL.TO vs. ^IXIC

Last updated Jun 24, 2026

QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) is Nasdaq-100 fund actively managed by Global X, while ^IXIC (NASDAQ Composite) is an index. Over the past year, QQCL.TO returned 41.45% vs 34.32% for ^IXIC. A 0.75 correlation means they provide meaningful diversification when combined.

Performance

QQCL.TO vs. ^IXIC - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) and NASDAQ Composite (^IXIC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, QQCL.TO achieves a 20.21% return, which is significantly higher than ^IXIC's 13.82% return.

QQCL.TO

• 1D: -2.93%
• 1M: 3.36%
• YTD: 20.21%
• 6M: 19.21%
• 1Y: 41.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

^IXIC

• 1D: -2.32%
• 1M: -0.18%
• YTD: 13.82%
• 6M: 11.83%
• 1Y: 34.32%
• 3Y*: 26.88%
• 5Y*: 15.43%
• 10Y*: 19.62%

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

QQCL.TO vs. ^IXIC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF	20.21%	13.10%	41.38%	4.96%
^IXIC NASDAQ Composite	13.82%	14.86%	39.53%	7.82%

Correlation

The correlation between QQCL.TO and ^IXIC is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023	0.75

The correlation between QQCL.TO and ^IXIC has been stable across timeframes, ranging from 0.75 to 0.75 - a consistent structural relationship.

Return for Risk

QQCL.TO vs. ^IXIC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQCL.TO

QQCL.TO Risk / Return Rank: 76
QQCL.TO Sharpe Ratio Rank: 78
QQCL.TO Sortino Ratio Rank: 71
QQCL.TO Omega Ratio Rank: 76
QQCL.TO Calmar Ratio Rank: 78
QQCL.TO Martin Ratio Rank: 77

^IXIC

^IXIC Risk / Return Rank: 55
^IXIC Sharpe Ratio Rank: 56
^IXIC Sortino Ratio Rank: 53
^IXIC Omega Ratio Rank: 56
^IXIC Calmar Ratio Rank: 52
^IXIC Martin Ratio Rank: 56

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.

QQCL.TO vs. ^IXIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) and NASDAQ Composite (^IXIC). 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.

	QQCL.TO	^IXIC	Difference
Sharpe ratio: Return per unit of total volatility	2.36	1.95	+0.41
Sortino ratio: Return per unit of downside risk	3.06	2.62	+0.44
Omega ratio: Gain probability vs. loss probability	1.42	1.33	+0.09
Calmar ratio: Return relative to maximum drawdown	3.89	2.56	+1.33
Martin ratio: Return relative to average drawdown	14.20	8.49	+5.71

QQCL.TO vs. ^IXIC - Sharpe Ratio Comparison

The current QQCL.TO Sharpe Ratio is 2.36, which is comparable to the ^IXIC Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of QQCL.TO and ^IXIC, 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

QQCL.TO vs. ^IXIC - Drawdown Comparison

The maximum QQCL.TO drawdown since its inception was -25.63%, smaller than the maximum ^IXIC drawdown of -44.18%. Use the drawdown chart below to compare losses from any high point for QQCL.TO and ^IXIC.

Drawdown Indicators

	QQCL.TO	^IXIC	Difference
Max Drawdown Largest peak-to-trough decline	-25.63%	-44.18%	+18.55%
Max Drawdown (1Y) Largest decline over 1 year	-10.70%	-13.48%	+2.78%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.61%	—
Current Drawdown Current decline from peak	-2.97%	-3.38%	+0.41%
Average Drawdown Average peak-to-trough decline	-3.29%	-8.63%	+5.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	4.05%	-1.12%

Volatility

QQCL.TO vs. ^IXIC - Volatility Comparison

Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) has a higher volatility of 8.71% compared to NASDAQ Composite (^IXIC) at 7.88%. This indicates that QQCL.TO's price experiences larger fluctuations and is considered to be riskier than ^IXIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQCL.TO	^IXIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.71%	7.88%	+0.83%
Volatility (6M) Calculated over the trailing 6-month period	14.67%	14.06%	+0.61%
Volatility (1Y) Calculated over the trailing 1-year period	17.70%	17.74%	-0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.78%	23.40%	-2.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.78%	23.06%	-2.28%

Frequently Asked Questions

Can I hold both QQCL.TO and ^IXIC in my portfolio?

QQCL.TO and ^IXIC have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.