PortfoliosLab logoPortfoliosLab logo

Documentation

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

QQCL.TO vs. QDTY

Last updated Jun 4, 2026

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 43.99% vs 41.79% for QDTY. Their correlation of 0.82 suggests significant overlap in exposure. 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.

Loading charts...

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 20.85% return, which is significantly higher than QDTY's 17.85% return.

QQCL.TO

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

QDTY

1D
0.47%
1M
11.81%
YTD
17.85%
6M
16.26%
1Y
41.79%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQCL.TO vs. QDTY - Yearly Performance Comparison

2026 (YTD)2025
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		20.85%9.10%
QDTY
YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF		17.85%7.69%

Correlation

The correlation between QQCL.TO and QDTY is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.80

Correlation (All Time)
Calculated using the full available price history since Feb 14, 2025

0.82

The correlation between QQCL.TO and QDTY has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.

QQCL.TO vs. QDTY - Sectors Allocation Comparison

Sectors
QQCL.TO
QDTY

Technology

50.0%
53.7%

Communication Services

16.4%
15.8%

Consumer Cyclical

12.5%
12.2%

Consumer Defensive

8.6%
7.7%

Healthcare

5.3%
4.2%

Industrials

3.4%
3.1%

Utilities

1.6%
1.4%

Basic Materials

1.3%
1.1%

Energy

0.6%
0.6%

Financial Services

0.2%
0.2%

Real Estate

0.1%
0.1%

Technology

QQCL.TO
50.0%
QDTY
53.7%

Communication Services

QQCL.TO
16.4%
QDTY
15.8%

Consumer Cyclical

QQCL.TO
12.5%
QDTY
12.2%

Consumer Defensive

QQCL.TO
8.6%
QDTY
7.7%

Healthcare

QQCL.TO
5.3%
QDTY
4.2%

Industrials

QQCL.TO
3.4%
QDTY
3.1%

Utilities

QQCL.TO
1.6%
QDTY
1.4%

Basic Materials

QQCL.TO
1.3%
QDTY
1.1%

Energy

QQCL.TO
0.6%
QDTY
0.6%

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. XEQT.TOQQCL.TO vs. QQQY.TO
Often compared with QDTY:
QDTY vs. QDTEQDTY vs. QQQIQDTY vs. RDTYQDTY vs. HHIS.TOQDTY vs. QQQQDTY vs. QQQYQDTY vs. SPY

Return for Risk

QQCL.TO vs. QDTY — 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
QDTY
QDTY Risk / Return Rank: 7575
Overall Rank
QDTY Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
QDTY Sortino Ratio Rank: 7575
Sortino Ratio Rank
QDTY Omega Ratio Rank: 7676
Omega Ratio Rank
QDTY Calmar Ratio Rank: 7272
Calmar Ratio Rank
QDTY Martin Ratio Rank: 7171
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. 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.

QQCL.TOQDTYDifference
Sharpe ratioReturn per unit of total volatility
2.81
2.81

-0.01

Sortino ratioReturn per unit of downside risk
3.65
3.61

+0.04

Omega ratioGain probability vs. loss probability

1.51

1.50

0.00

Calmar ratioReturn relative to maximum drawdown

4.14

4.22

-0.08

Martin ratioReturn relative to average drawdown

15.49

13.18

+2.31

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. QDTY - Sharpe Ratio Comparison

The current QQCL.TO Sharpe Ratio is 2.81, which is comparable to the QDTY Sharpe Ratio of 2.81. 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.

Loading charts...

Sharpe Ratios by Period

QQCL.TOQDTYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.81

2.81

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

1.52

0.80

+0.73

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 -25.56%. Use the drawdown chart below to compare losses from any high point for QQCL.TO and QDTY.

Loading charts...

Drawdown Indicators

QQCL.TOQDTYDifference

Max Drawdown

Largest peak-to-trough decline

-25.63%

-25.56%

-0.07%

Max Drawdown (1Y)

Largest decline over 1 year

-10.68%

-9.95%

-0.73%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.32%

-5.41%

+2.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.85%

3.18%

-0.33%

Volatility

QQCL.TO vs. QDTY - Volatility Comparison

Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) has a higher volatility of 4.30% compared to YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) at 3.30%. 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.

Loading charts...

Volatility by Period

QQCL.TOQDTYDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.30%

3.30%

+1.00%

Volatility (6M)

Calculated over the trailing 6-month period

12.58%

11.44%

+1.14%

Volatility (1Y)

Calculated over the trailing 1-year period

15.74%

14.94%

+0.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.38%

25.43%

-5.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.38%

25.43%

-5.05%

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 13.15%, less than QDTY's 30.90% yield.

PositionTTM202520242023
QDTY
YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF		30.90%26.82%0.00%0.00%
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		13.15%14.54%11.87%3.68%

Frequently Asked Questions

QQCL.TO and QDTY have a correlation of 0.80, 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.

Open Portfolio Optimizer