QQCL.TO vs. ^IXIC
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 28.37% vs 24.24% for ^IXIC. Their 0.77 correlation means they have sometimes moved together and sometimes differently.
Performance
QQCL.TO vs. ^IXIC - Performance Comparison
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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 14.15% return, which is significantly higher than ^IXIC's 11.70% return.
QQCL.TO
- 1D
- 1.28%
- 1M
- -5.74%
- 6M
- 13.14%
- YTD
- 14.15%
- 1Y
- 28.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.10%
^IXIC
- 1D
- 0.82%
- 1M
- -3.20%
- 6M
- 10.51%
- YTD
- 11.70%
- 1Y
- 24.24%
- 3Y*
- 23.57%
- 5Y*
- 14.25%
- 10Y*
- 18.09%
- ALL TIME*
- 12.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^IXIC NASDAQ Composite | CA$290.67T | CA$288.99T | CA$351.37T |
| CA$1.23M | CA$1.27M | CA$1.40M |
QQCL.TO vs. ^IXIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 14.15% | 13.10% | 41.38% | 4.96% |
^IXIC NASDAQ Composite | 11.70% | 14.86% | 39.53% | 7.82% |
Correlation
The correlation between QQCL.TO and ^IXIC is 0.80, 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. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | 0.77 |
The correlation between QQCL.TO and ^IXIC has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.
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Return for Risk
QQCL.TO vs. ^IXIC — Risk / Return Rank
QQCL.TO
^IXIC
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 ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.62 | +0.46 |
| Martin ratioReturn relative to average drawdown | 7.36 | 5.13 | +2.23 |
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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.
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Drawdown Indicators
| QQCL.TO | ^IXIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.63% | -44.18% | +18.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.29% | -13.48% | +1.19% |
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 DrawdownCurrent decline from peak | -8.07% | -5.18% | -2.89% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -8.61% | +5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 4.25% | -0.78% |
Volatility
QQCL.TO vs. ^IXIC - Volatility Comparison
Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) has a higher volatility of 7.67% compared to NASDAQ Composite (^IXIC) at 5.50%. 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.
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Volatility by Period
| QQCL.TO | ^IXIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.67% | 5.50% | +2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 16.69% | 14.75% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.59% | 18.46% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.05% | 23.51% | -2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.05% | 23.10% | -2.05% |
Frequently Asked Questions
QQCL.TO and ^IXIC have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for QQCL.TO and ^IXIC
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