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

QQCL.TO vs. HBNK.TO

Last updated Jun 4, 2026

QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) and HBNK.TO (Global X Equal Weight Banks Index ETF) are both exchange-traded funds - QQCL.TO is a Nasdaq-100 fund actively managed by Global X, while HBNK.TO is a Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index. QQCL.TO is actively managed, while HBNK.TO is passively managed. Over the past year, QQCL.TO returned 43.99% vs 60.09% for HBNK.TO. At a 0.37 correlation, their price movements are largely independent. QQCL.TO charges 0.85%/yr vs 0.09%/yr for HBNK.TO.

Performance

QQCL.TO vs. HBNK.TO - 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 Global X Equal Weight Banks Index ETF (HBNK.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, QQCL.TO achieves a 20.85% return, which is significantly higher than HBNK.TO's 18.85% return.

QQCL.TO

1D
0.47%
1M
12.39%
YTD
20.85%
6M
17.94%
1Y
43.99%
3Y*
—
5Y*
—
10Y*
—

HBNK.TO

1D
-0.88%
1M
5.21%
YTD
18.85%
6M
24.41%
1Y
60.09%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		20.85%13.10%41.38%5.48%
HBNK.TO
Global X Equal Weight Banks Index ETF		18.85%43.71%24.77%14.42%

Correlation

The correlation between QQCL.TO and HBNK.TO 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 Oct 12, 2023

0.37

Compare stocks, funds, or ETFs

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

Global X Enhanced NASDAQ-100 Covered Call ETF

Global X Equal Weight Banks Index ETF

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
Often compared with HBNK.TO:
HBNK.TO vs. ZEB.TOHBNK.TO vs. HCAL.TOHBNK.TO vs. XEQT.TOHBNK.TO vs. XDIV.TOHBNK.TO vs. EBNK.TOHBNK.TO vs. FIE.TOHBNK.TO vs. HMAX.TO

Return for Risk

QQCL.TO vs. HBNK.TO — 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: 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
HBNK.TO
HBNK.TO Risk / Return Rank: 9696
Overall Rank
HBNK.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
HBNK.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
HBNK.TO Omega Ratio Rank: 9797
Omega Ratio Rank
HBNK.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
HBNK.TO Martin Ratio Rank: 9595
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.

QQCL.TO vs. HBNK.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 Global X Equal Weight Banks Index ETF (HBNK.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.

QQCL.TOHBNK.TODifference
Sharpe ratioReturn per unit of total volatility
2.81
4.77

-1.96

Sortino ratioReturn per unit of downside risk
3.65
6.50

-2.86

Omega ratioGain probability vs. loss probability

1.51

1.88

-0.37

Calmar ratioReturn relative to maximum drawdown

4.14

7.13

-2.99

Martin ratioReturn relative to average drawdown

15.49

30.99

-15.50

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

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

The current QQCL.TO Sharpe Ratio is 2.81, which is lower than the HBNK.TO Sharpe Ratio of 4.77. The chart below compares the historical Sharpe Ratios of QQCL.TO and HBNK.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

QQCL.TOHBNK.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.81

4.77

-1.96

Sharpe Ratio (All Time)

Calculated using the full available price history

1.52

2.66

-1.14

Drawdowns

QQCL.TO vs. HBNK.TO - Drawdown Comparison

The maximum QQCL.TO drawdown since its inception was -25.63%, which is greater than HBNK.TO's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for QQCL.TO and HBNK.TO.

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Drawdown Indicators

QQCL.TOHBNK.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.63%

-14.78%

-10.85%

Max Drawdown (1Y)

Largest decline over 1 year

-10.68%

-8.48%

-2.20%

Current Drawdown

Current decline from peak

0.00%

-2.30%

+2.30%

Average Drawdown

Average peak-to-trough decline

-3.32%

-2.33%

-0.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.85%

1.95%

+0.90%

Volatility

QQCL.TO vs. HBNK.TO - Volatility Comparison

The current volatility for Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) is 4.30%, while Global X Equal Weight Banks Index ETF (HBNK.TO) has a volatility of 5.00%. This indicates that QQCL.TO experiences smaller price fluctuations and is considered to be less risky than HBNK.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.TOHBNK.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.30%

5.00%

-0.70%

Volatility (6M)

Calculated over the trailing 6-month period

12.58%

11.26%

+1.32%

Volatility (1Y)

Calculated over the trailing 1-year period

15.74%

12.67%

+3.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.38%

12.70%

+7.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.38%

12.70%

+7.68%

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

QQCL.TO has a 0.85% expense ratio, which is higher than HBNK.TO's 0.09% expense ratio.

Dividends

QQCL.TO vs. HBNK.TO - Dividend Comparison

QQCL.TO's dividend yield for the trailing twelve months is around 13.15%, more than HBNK.TO's 2.82% yield.

PositionTTM202520242023
HBNK.TO
Global X Equal Weight Banks Index ETF		2.82%3.24%4.15%2.45%
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		13.15%14.54%11.87%3.68%

Frequently Asked Questions

QQCL.TO and HBNK.TO 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, HBNK.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HBNK.TO is cheaper with a 0.09% expense ratio, compared with 0.85% for QQCL.TO.

QQCL.TO is categorized as Nasdaq-100, while HBNK.TO is Financials Equities. Their fees differ too: 0.85% for QQCL.TO and 0.09% for HBNK.TO.

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