QQCL.TO vs. QDTY

Last updated Jun 24, 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 41.45% vs 36.87% for QDTY. A 0.74 correlation means they provide meaningful diversification when combined. 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.

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 20.21% return, which is significantly higher than QDTY's 15.69% return.

QQCL.TO

• 1D: -2.93%
• 1M: 3.36%
• YTD: 20.21%
• 6M: 19.21%
• 1Y: 41.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTY

• 1D: -3.06%
• 1M: 2.76%
• YTD: 15.69%
• 6M: 14.02%
• 1Y: 36.87%
• 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	20.21%	9.74%
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	15.69%	7.45%

Correlation

The correlation between QQCL.TO and QDTY is 0.73, 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	0.73
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.74

The correlation between QQCL.TO and QDTY has been stable across timeframes, ranging from 0.73 to 0.74 - a consistent structural relationship.

QQCL.TO vs. QDTY - Sectors Allocation Comparison

Sectors	QQCL.TO	QDTY
Technology	53.8%	58.5%
Communication Services	15.8%	14.3%
Consumer Cyclical	12.3%	11.4%
Consumer Defensive	7.7%	6.4%
Healthcare	4.2%	3.7%
Industrials	2.8%	2.8%
Utilities	1.4%	1.2%
Basic Materials	1.1%	1.0%
Energy	0.6%	0.5%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

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: 76
QQCL.TO Sharpe Ratio Rank: 78
QQCL.TO Sortino Ratio Rank: 71
QQCL.TO Omega Ratio Rank: 76
QQCL.TO Calmar Ratio Rank: 78
QQCL.TO Martin Ratio Rank: 77

QDTY

QDTY Risk / Return Rank: 60
QDTY Sharpe Ratio Rank: 61
QDTY Sortino Ratio Rank: 55
QDTY Omega Ratio Rank: 58
QDTY Calmar Ratio Rank: 63
QDTY Martin Ratio Rank: 61

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.

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	QDTY	Difference
Sharpe ratio: Return per unit of total volatility	2.36	2.14	+0.22
Sortino ratio: Return per unit of downside risk	3.06	2.77	+0.29
Omega ratio: Gain probability vs. loss probability	1.42	1.37	+0.05
Calmar ratio: Return relative to maximum drawdown	3.89	3.77	+0.13
Martin ratio: Return relative to average drawdown	14.20	11.90	+2.30

QQCL.TO vs. QDTY - Sharpe Ratio Comparison

The current QQCL.TO Sharpe Ratio is 2.36, which is comparable to the QDTY Sharpe Ratio of 2.14. 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.

Drawdowns

QQCL.TO vs. QDTY - Drawdown Comparison

The maximum QQCL.TO drawdown since its inception was -25.63%, which is greater than QDTY's maximum drawdown of -23.83%. Use the drawdown chart below to compare losses from any high point for QQCL.TO and QDTY.

Drawdown Indicators

	QQCL.TO	QDTY	Difference
Max Drawdown Largest peak-to-trough decline	-25.63%	-23.83%	-1.80%
Max Drawdown (1Y) Largest decline over 1 year	-10.70%	-9.84%	-0.86%
Current Drawdown Current decline from peak	-2.97%	-3.06%	+0.09%
Average Drawdown Average peak-to-trough decline	-3.29%	-5.12%	+1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	3.11%	-0.18%

Volatility

QQCL.TO vs. QDTY - Volatility Comparison

Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) and YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) have volatilities of 8.71% and 8.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQCL.TO	QDTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.71%	8.75%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	14.67%	14.26%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	17.70%	17.34%	+0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.78%	27.01%	-6.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.78%	27.01%	-6.23%

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 13.22%, less than QDTY's 31.83% yield.

Position	TTM	2025	2024	2023
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	31.83%	26.82%	0.00%	0.00%
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF	13.22%	14.54%	11.87%	3.68%

Frequently Asked Questions

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

QQCL.TO and QDTY have a correlation of 0.73, 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 QDTY?

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.

Which ETF is cheaper, QQCL.TO or QDTY?

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

What is the main difference between QQCL.TO and 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.