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

QQCL.TO vs. QDTY

Last updated Aug 2, 2026
Documentation

QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) and QDTY (YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF) are both Nasdaq-100 funds. Both are actively managed. Over the past year, QQCL.TO returned 28.37% vs 24.03% for QDTY. Their 0.76 correlation means they have sometimes moved together and sometimes differently. QQCL.TO charges 0.85%/yr vs 1.01%/yr for QDTY.

Performance

QQCL.TO vs. QDTY - 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 YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

QQCL.TO is traded in CAD, while QDTY is traded in USD. To make them comparable, the QDTY 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 QDTY's 12.09% 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%

QDTY

1D
0.02%
1M
-2.40%
6M
10.16%
YTD
12.09%
1Y
24.03%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
13.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

QDTY

YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF
CA$810.01KCA$794.72KCA$1.06M

QQCL.TO

Global X Enhanced NASDAQ-100 Covered Call ETF
CA$1.23MCA$1.27MCA$1.40M

QQCL.TO vs. QDTY - Yearly Performance Comparison

2026 (YTD)2025
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		14.15%9.74%
QDTY
YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF		12.09%7.45%

Correlation

The correlation between QQCL.TO and QDTY is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.78

Correlation (All Time)
Calculated using the full available price history since Feb 13, 2025

0.76

The correlation between QQCL.TO and QDTY has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.

QQCL.TO vs. QDTY - Sectors Allocation Comparison

Sectors
QQCL.TO
QDTY

Technology

58.6%
60.8%

Communication Services

14.3%
13.0%

Consumer Cyclical

11.4%
10.7%

Consumer Defensive

6.4%
6.2%

Healthcare

3.7%
3.6%

Industrials

2.6%
2.9%

Utilities

1.2%
1.1%

Basic Materials

1.0%
1.0%

Energy

0.5%
0.5%

Financial Services

0.2%
0.2%

Real Estate

0.1%
0.1%

Technology

QQCL.TO
58.6%
QDTY
60.8%

Communication Services

QQCL.TO
14.3%
QDTY
13.0%

Consumer Cyclical

QQCL.TO
11.4%
QDTY
10.7%

Consumer Defensive

QQCL.TO
6.4%
QDTY
6.2%

Healthcare

QQCL.TO
3.7%
QDTY
3.6%

Industrials

QQCL.TO
2.6%
QDTY
2.9%

Utilities

QQCL.TO
1.2%
QDTY
1.1%

Basic Materials

QQCL.TO
1.0%
QDTY
1.0%

Energy

QQCL.TO
0.5%
QDTY
0.5%

Financial Services

QQCL.TO
0.2%
QDTY
0.2%

Real Estate

QQCL.TO
0.1%
QDTY
0.1%

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

YieldMax Nasdaq 100 0DTE Covered Call Strategy 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. QQQY.TOQQCL.TO vs. XEQT.TO
Often compared with QDTY:
QDTY vs. QDTEQDTY vs. QQQIQDTY vs. RDTYQDTY vs. HHIS.TOQDTY vs. QQQYQDTY vs. QQQQDTY vs. SPY

Return for Risk

QQCL.TO vs. QDTY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
QQCL.TO
QQCL.TO Risk / Return Rank: 5656
Overall Rank
QQCL.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
QQCL.TO Sortino Ratio Rank: 5151
Sortino Ratio Rank
QQCL.TO Omega Ratio Rank: 5353
Omega Ratio Rank
QQCL.TO Calmar Ratio Rank: 5959
Calmar Ratio Rank
QQCL.TO Martin Ratio Rank: 6161
Martin Ratio Rank
QDTY
QDTY Risk / Return Rank: 4646
Overall Rank
QDTY Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
QDTY Sortino Ratio Rank: 4343
Sortino Ratio Rank
QDTY Omega Ratio Rank: 4343
Omega Ratio Rank
QDTY Calmar Ratio Rank: 5151
Calmar Ratio Rank
QDTY Martin Ratio Rank: 5050
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQCL.TO vs. QDTY - 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 YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY). 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.TOQDTYDifference
Sharpe ratioReturn per unit of total volatility
1.30
1.18

+0.12

Sortino ratioReturn per unit of downside risk
1.80
1.67

+0.13

Omega ratioGain probability vs. loss probability

1.24

1.21

+0.03

Calmar ratioReturn relative to maximum drawdown

2.08

2.24

-0.17

Martin ratioReturn relative to average drawdown

7.36

6.42

+0.93

QQCL.TO vs. QDTY - Sharpe Ratio Comparison

The current QQCL.TO Sharpe Ratio is 1.30, which is comparable to the QDTY Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of QQCL.TO and QDTY, 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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Drawdowns

QQCL.TO vs. QDTY - Drawdown Comparison

The maximum QQCL.TO drawdown since its inception was -25.63%, roughly equal to the maximum QDTY drawdown of -25.34%. Use the drawdown chart below to compare losses from any high point for QQCL.TO and QDTY.

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Drawdown Indicators

QQCL.TOQDTYDifference

Max Drawdown

Largest peak-to-trough decline

-25.63%

-25.34%

-0.29%

Max Drawdown (1Y)

Largest decline over 1 year

-12.29%

-9.84%

-2.45%

Current Drawdown

Current decline from peak

-8.07%

-6.08%

-1.99%

Average Drawdown

Average peak-to-trough decline

-3.35%

-5.05%

+1.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.47%

3.44%

+0.03%

Volatility

QQCL.TO vs. QDTY - Volatility Comparison

Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) has a higher volatility of 7.67% compared to YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) at 6.98%. This indicates that QQCL.TO's price experiences larger fluctuations and is considered to be riskier than QDTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQCL.TOQDTYDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.67%

6.98%

+0.69%

Volatility (6M)

Calculated over the trailing 6-month period

16.69%

15.75%

+0.94%

Volatility (1Y)

Calculated over the trailing 1-year period

19.59%

18.72%

+0.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.05%

26.90%

-5.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.05%

26.90%

-5.85%

QQCL.TO vs. QDTY - Expense Ratio Comparison

QQCL.TO has a 0.85% expense ratio, which is lower than QDTY's 1.01% expense ratio.

Dividends

QQCL.TO vs. QDTY - Dividend Comparison

QQCL.TO's dividend yield for the trailing twelve months is around 14.39%, less than QDTY's 35.74% yield.

PositionTTM202520242023
QDTY
YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF		35.74%26.82%0.00%0.00%
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		14.39%14.54%11.87%3.68%

Frequently Asked Questions

QQCL.TO and QDTY have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, QQCL.TO is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QQCL.TO is cheaper with a 0.85% expense ratio, compared with 1.01% for QDTY.

They also come from different issuers: Global X and YieldMax. Their fees differ too: 0.85% for QQCL.TO and 1.01% for QDTY.

Portfolio Optimizer

Find the right allocation for QQCL.TO and QDTY

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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