QQCL.TO vs. HBTE.NEO

Last updated Jun 14, 2026

QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) and HBTE.NEO (Harvest Bitcoin Leaders Enhanced Income ETF) are both exchange-traded funds - QQCL.TO is a Nasdaq-100 fund actively managed by Global X, while HBTE.NEO is a Leveraged Cryptocurrency fund actively managed by Harvest. Both are actively managed. Over the past year, QQCL.TO returned 42.51% vs 67.21% for HBTE.NEO. A 0.56 correlation means they provide meaningful diversification when combined. QQCL.TO charges 0.85%/yr vs 0.75%/yr for HBTE.NEO.

Performance

QQCL.TO vs. HBTE.NEO - 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 Harvest Bitcoin Leaders Enhanced Income ETF (HBTE.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQCL.TO achieves a 18.82% return, which is significantly lower than HBTE.NEO's 28.08% return.

QQCL.TO

• 1D: 0.99%
• 1M: 4.13%
• YTD: 18.82%
• 6M: 19.27%
• 1Y: 42.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HBTE.NEO

• 1D: 2.94%
• 1M: 4.14%
• YTD: 28.08%
• 6M: 14.49%
• 1Y: 67.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQCL.TO vs. HBTE.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF	18.82%	29.04%
HBTE.NEO Harvest Bitcoin Leaders Enhanced Income ETF	28.08%	63.44%

Correlation

The correlation between QQCL.TO and HBTE.NEO is 0.55, 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	0.55
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025	0.56

The correlation between QQCL.TO and HBTE.NEO has been stable across timeframes, ranging from 0.55 to 0.56 - a consistent structural relationship.

Return for Risk

QQCL.TO vs. HBTE.NEO — 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: 84
QQCL.TO Sharpe Ratio Rank: 87
QQCL.TO Sortino Ratio Rank: 83
QQCL.TO Omega Ratio Rank: 85
QQCL.TO Calmar Ratio Rank: 83
QQCL.TO Martin Ratio Rank: 83

HBTE.NEO

HBTE.NEO Risk / Return Rank: 28
HBTE.NEO Sharpe Ratio Rank: 30
HBTE.NEO Sortino Ratio Rank: 33
HBTE.NEO Omega Ratio Rank: 30
HBTE.NEO Calmar Ratio Rank: 26
HBTE.NEO Martin Ratio Rank: 21

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. HBTE.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 Leaders Enhanced Income ETF (HBTE.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	HBTE.NEO	Difference
Sharpe ratio: Return per unit of total volatility	2.46	0.95	+1.51
Sortino ratio: Return per unit of downside risk	3.19	1.58	+1.60
Omega ratio: Gain probability vs. loss probability	1.45	1.19	+0.26
Calmar ratio: Return relative to maximum drawdown	3.90	1.14	+2.76
Martin ratio: Return relative to average drawdown	14.28	2.19	+12.09

QQCL.TO vs. HBTE.NEO - Sharpe Ratio Comparison

The current QQCL.TO Sharpe Ratio is 2.46, which is higher than the HBTE.NEO Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of QQCL.TO and HBTE.NEO, 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. HBTE.NEO - Drawdown Comparison

The maximum QQCL.TO drawdown since its inception was -25.63%, smaller than the maximum HBTE.NEO drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for QQCL.TO and HBTE.NEO.

Drawdown Indicators

	QQCL.TO	HBTE.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-25.63%	-55.67%	+30.04%
Max Drawdown (1Y) Largest decline over 1 year	-10.70%	-55.67%	+44.97%
Current Drawdown Current decline from peak	-1.68%	-24.58%	+22.90%
Average Drawdown Average peak-to-trough decline	-3.32%	-21.15%	+17.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	28.79%	-25.87%

Volatility

QQCL.TO vs. HBTE.NEO - Volatility Comparison

The current volatility for Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) is 7.65%, while Harvest Bitcoin Leaders Enhanced Income ETF (HBTE.NEO) has a volatility of 18.57%. This indicates that QQCL.TO experiences smaller price fluctuations and is considered to be less risky than HBTE.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQCL.TO	HBTE.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.65%	18.57%	-10.92%
Volatility (6M) Calculated over the trailing 6-month period	14.09%	50.16%	-36.07%
Volatility (1Y) Calculated over the trailing 1-year period	16.95%	66.62%	-49.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.63%	66.35%	-45.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.63%	66.35%	-45.72%

QQCL.TO vs. HBTE.NEO - Expense Ratio Comparison

QQCL.TO has a 0.85% expense ratio, which is higher than HBTE.NEO's 0.75% expense ratio.

Dividends

QQCL.TO vs. HBTE.NEO - Dividend Comparison

QQCL.TO's dividend yield for the trailing twelve months is around 13.37%, less than HBTE.NEO's 26.16% yield.

Position	TTM	2025	2024	2023
HBTE.NEO Harvest Bitcoin Leaders Enhanced Income ETF	26.16%	18.40%	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

Can I hold both QQCL.TO and HBTE.NEO in my portfolio?

QQCL.TO and HBTE.NEO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQCL.TO or HBTE.NEO?

On fees, HBTE.NEO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQCL.TO or HBTE.NEO?

HBTE.NEO is cheaper with a 0.75% expense ratio, compared with 0.85% for QQCL.TO.

What is the main difference between QQCL.TO and HBTE.NEO?

QQCL.TO is categorized as Nasdaq-100, while HBTE.NEO is Leveraged Cryptocurrency. They also come from different issuers: Global X and Harvest. Their fees differ too: 0.85% for QQCL.TO and 0.75% for HBTE.NEO.