QQCL.TO vs. BITI.TO
QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) and BITI.TO (BetaPro Inverse Bitcoin ETF) are both exchange-traded funds - QQCL.TO is a Nasdaq-100 fund actively managed by Global X, while BITI.TO is a Leveraged Cryptocurrency fund actively managed by Global X. Both are actively managed. Over the past year, QQCL.TO returned 36.00% vs 68.75% for BITI.TO. At a correlation of -0.28, they often move in opposite directions.
Performance
QQCL.TO vs. BITI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QQCL.TO achieves a 19.66% return, which is significantly lower than BITI.TO's 29.95% return.
QQCL.TO
- 1D
- -2.08%
- 1M
- 0.71%
- 6M
- 15.44%
- YTD
- 19.66%
- 1Y
- 36.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITI.TO
- 1D
- 2.59%
- 1M
- 2.36%
- 6M
- 35.19%
- YTD
- 29.95%
- 1Y
- 68.75%
- 3Y*
- 32.22%
- 5Y*
- 1.92%
- 10Y*
- —
QQCL.TO vs. BITI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 19.66% | 13.10% | 41.38% | 4.96% |
BITI.TO BetaPro Inverse Bitcoin ETF | 29.95% | -8.52% | 178.75% | -37.89% |
Correlation
The correlation between QQCL.TO and BITI.TO is -0.41, 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 | -0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | -0.28 |
The correlation between QQCL.TO and BITI.TO shifts across timeframes, from -0.41 (1 year) to -0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QQCL.TO vs. BITI.TO — Risk / Return Rank
QQCL.TO
BITI.TO
QQCL.TO vs. BITI.TO - 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 BetaPro Inverse Bitcoin ETF (BITI.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.
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 | BITI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 2.66 | +0.73 |
| Martin ratioReturn relative to average drawdown | 12.06 | 6.50 | +5.56 |
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Drawdowns
QQCL.TO vs. BITI.TO - Drawdown Comparison
The maximum QQCL.TO drawdown since its inception was -25.63%, smaller than the maximum BITI.TO drawdown of -84.75%. Use the drawdown chart below to compare losses from any high point for QQCL.TO and BITI.TO.
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Drawdown Indicators
| QQCL.TO | BITI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.63% | -84.75% | +59.12% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -26.02% | +15.32% |
Max Drawdown (3Y)Largest decline over 3 years | — | -69.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.75% | — |
Current DrawdownCurrent decline from peak | -3.63% | -15.57% | +11.94% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -43.64% | +40.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 10.61% | -7.62% |
Volatility
QQCL.TO vs. BITI.TO - Volatility Comparison
The current volatility for Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) is 7.90%, while BetaPro Inverse Bitcoin ETF (BITI.TO) has a volatility of 11.51%. This indicates that QQCL.TO experiences smaller price fluctuations and is considered to be less risky than BITI.TO 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 | BITI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.90% | 11.51% | -3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 15.53% | 35.08% | -19.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.48% | 45.38% | -26.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.85% | 262.40% | -241.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.85% | 256.76% | -235.91% |
Dividends
QQCL.TO vs. BITI.TO - Dividend Comparison
QQCL.TO's dividend yield for the trailing twelve months is around 13.48%, while BITI.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITI.TO BetaPro Inverse Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 13.48% | 14.54% | 11.87% | 3.68% |
Frequently Asked Questions
QQCL.TO and BITI.TO have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQCL.TO is categorized as Nasdaq-100, while BITI.TO is Leveraged Cryptocurrency.
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