QQCL.TO vs. HBIX.NEO
QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) and HBIX.NEO (Harvest Bitcoin Enhanced Income ETF) are both exchange-traded funds - QQCL.TO is a Nasdaq-100 fund actively managed by Global X, while HBIX.NEO is a Leveraged Cryptocurrency fund actively managed by Harvest. Both are actively managed. Over the past year, QQCL.TO returned 42.51% vs -42.38% for HBIX.NEO. At a 0.44 correlation, their price movements are largely independent. QQCL.TO charges 0.85%/yr vs 0.65%/yr for HBIX.NEO.
Performance
QQCL.TO vs. HBIX.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, QQCL.TO achieves a 18.82% return, which is significantly higher than HBIX.NEO's -30.77% return.
QQCL.TO
- 1D
- 0.99%
- 1M
- 4.13%
- YTD
- 18.82%
- 6M
- 19.27%
- 1Y
- 42.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBIX.NEO
- 1D
- 3.78%
- 1M
- -21.97%
- YTD
- -30.77%
- 6M
- -32.37%
- 1Y
- -42.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQCL.TO vs. HBIX.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 18.82% | 26.55% |
HBIX.NEO Harvest Bitcoin Enhanced Income ETF | -30.77% | -9.56% |
Correlation
The correlation between QQCL.TO and HBIX.NEO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 5, 2025 | 0.44 |
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Return for Risk
QQCL.TO vs. HBIX.NEO — Risk / Return Rank
QQCL.TO
HBIX.NEO
QQCL.TO vs. HBIX.NEO - 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 Harvest Bitcoin Enhanced Income ETF (HBIX.NEO). 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 | HBIX.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.30 | ||
| Sortino ratioReturn per unit of downside risk | +4.32 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 0.87 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | -0.77 | +4.67 |
| Martin ratioReturn relative to average drawdown | 14.28 | -1.33 | +15.60 |
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Drawdowns
QQCL.TO vs. HBIX.NEO - Drawdown Comparison
The maximum QQCL.TO drawdown since its inception was -25.63%, smaller than the maximum HBIX.NEO drawdown of -57.09%. Use the drawdown chart below to compare losses from any high point for QQCL.TO and HBIX.NEO.
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Drawdown Indicators
| QQCL.TO | HBIX.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.63% | -57.09% | +31.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -57.09% | +46.39% |
Current DrawdownCurrent decline from peak | -1.68% | -54.15% | +52.47% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -24.75% | +21.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 32.88% | -29.96% |
Volatility
QQCL.TO vs. HBIX.NEO - Volatility Comparison
The current volatility for Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) is 7.65%, while Harvest Bitcoin Enhanced Income ETF (HBIX.NEO) has a volatility of 14.38%. This indicates that QQCL.TO experiences smaller price fluctuations and is considered to be less risky than HBIX.NEO 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 | HBIX.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 14.38% | -6.73% |
Volatility (6M)Calculated over the trailing 6-month period | 14.09% | 41.42% | -27.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.95% | 52.20% | -35.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.63% | 51.19% | -30.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.63% | 51.19% | -30.56% |
QQCL.TO vs. HBIX.NEO - Expense Ratio Comparison
QQCL.TO has a 0.85% expense ratio, which is higher than HBIX.NEO's 0.65% expense ratio.
Dividends
QQCL.TO vs. HBIX.NEO - Dividend Comparison
QQCL.TO's dividend yield for the trailing twelve months is around 13.37%, less than HBIX.NEO's 45.75% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HBIX.NEO Harvest Bitcoin Enhanced Income ETF | 45.75% | 20.21% | 0.00% | 0.00% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 13.37% | 14.54% | 11.87% | 3.68% |
Frequently Asked Questions
QQCL.TO and HBIX.NEO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HBIX.NEO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HBIX.NEO is cheaper with a 0.65% expense ratio, compared with 0.85% for QQCL.TO.
QQCL.TO is categorized as Nasdaq-100, while HBIX.NEO is Leveraged Cryptocurrency. They also come from different issuers: Global X and Harvest. Their fees differ too: 0.85% for QQCL.TO and 0.65% for HBIX.NEO.
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