QQCL.TO vs. QQQL.TO
QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) and QQQL.TO (Global X Enhanced Nasdaq-100 Index ETF) are both Nasdaq-100 funds from Global X. QQCL.TO is actively managed, while QQQL.TO is passively managed. Over the past year, QQCL.TO returned 43.99% vs 57.03% for QQQL.TO. A 0.59 correlation means they provide meaningful diversification when combined. QQCL.TO charges 0.85%/yr vs 0.49%/yr for QQQL.TO.
Performance
QQCL.TO vs. QQQL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QQCL.TO achieves a 20.85% return, which is significantly lower than QQQL.TO's 28.52% return.
QQCL.TO
- 1D
- 0.47%
- 1M
- 12.39%
- YTD
- 20.85%
- 6M
- 17.94%
- 1Y
- 43.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQL.TO
- 1D
- 0.49%
- 1M
- 16.49%
- YTD
- 28.52%
- 6M
- 24.33%
- 1Y
- 57.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQCL.TO vs. QQQL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 20.85% | 13.10% | 23.23% |
QQQL.TO Global X Enhanced Nasdaq-100 Index ETF | 28.52% | 16.16% | 24.06% |
Correlation
The correlation between QQCL.TO and QQQL.TO is 0.56, 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 | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 23, 2024 | 0.59 |
The correlation between QQCL.TO and QQQL.TO has been stable across timeframes, ranging from 0.56 to 0.59 - a consistent structural relationship.
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Return for Risk
QQCL.TO vs. QQQL.TO — Risk / Return Rank
QQCL.TO
QQQL.TO
QQCL.TO vs. QQQL.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 Enhanced Nasdaq-100 Index ETF (QQQL.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.TO | QQQL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.69 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 4.52 | -0.38 |
| Martin ratioReturn relative to average drawdown | 15.49 | 11.91 | +3.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQCL.TO | QQQL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 3.04 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.52 | 1.39 | +0.14 |
Drawdowns
QQCL.TO vs. QQQL.TO - Drawdown Comparison
The maximum QQCL.TO drawdown since its inception was -25.63%, smaller than the maximum QQQL.TO drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for QQCL.TO and QQQL.TO.
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Drawdown Indicators
| QQCL.TO | QQQL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.63% | -27.82% | +2.19% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -12.69% | +2.01% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -4.88% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 4.80% | -1.95% |
Volatility
QQCL.TO vs. QQQL.TO - Volatility Comparison
The current volatility for Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) is 4.30%, while Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) has a volatility of 5.60%. This indicates that QQCL.TO experiences smaller price fluctuations and is considered to be less risky than QQQL.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.TO | QQQL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 5.60% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 12.58% | 13.85% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.74% | 18.89% | -3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 25.71% | -5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.38% | 25.71% | -5.33% |
QQCL.TO vs. QQQL.TO - Expense Ratio Comparison
QQCL.TO has a 0.85% expense ratio, which is higher than QQQL.TO's 0.49% expense ratio.
Dividends
QQCL.TO vs. QQQL.TO - Dividend Comparison
QQCL.TO's dividend yield for the trailing twelve months is around 13.15%, while QQQL.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 13.15% | 14.54% | 11.87% | 3.68% |
QQQL.TO Global X Enhanced Nasdaq-100 Index ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQCL.TO and QQQL.TO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQL.TO is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQL.TO is cheaper with a 0.49% expense ratio, compared with 0.85% for QQCL.TO.
Their fees differ too: 0.85% for QQCL.TO and 0.49% for QQQL.TO.
Find the right allocation for QQCL.TO and QQQL.TO
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