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

QQCL.TO vs. QQQY.TO

Last updated Jun 4, 2026

QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) and QQQY.TO (Evolve NASDAQ Technology Enhanced Yield Index Fund) are both Nasdaq-100 funds. QQCL.TO is actively managed, while QQQY.TO is passively managed. Over the past year, QQCL.TO returned 43.99% vs 52.29% for QQQY.TO. Their correlation of 0.82 suggests significant overlap in exposure. QQCL.TO charges 0.85%/yr vs 0.74%/yr for QQQY.TO.

Performance

QQCL.TO vs. QQQY.TO - 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 Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with QQCL.TO having a 20.85% return and QQQY.TO slightly lower at 20.66%.

QQCL.TO

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

QQQY.TO

1D
-0.14%
1M
12.57%
YTD
20.66%
6M
19.40%
1Y
52.29%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQCL.TO vs. QQQY.TO - Yearly Performance Comparison

2026 (YTD)202520242023
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		20.85%13.10%41.38%5.48%
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index Fund		20.66%24.48%28.32%12.55%

Correlation

The correlation between QQCL.TO and QQQY.TO is 0.80, 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

0.80

Correlation (All Time)
Calculated using the full available price history since Oct 12, 2023

0.82

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

QQCL.TO vs. QQQY.TO - Sectors Allocation Comparison

Sectors
QQCL.TO
QQQY.TO

Technology

50.0%
79.0%

Communication Services

16.4%
19.7%

Consumer Cyclical

12.5%
1.0%

Consumer Defensive

8.6%

-

Healthcare

5.3%

-

Industrials

3.4%
0.3%

Utilities

1.6%

-

Basic Materials

1.3%

-

Energy

0.6%

-

Financial Services

0.2%

-

Real Estate

0.1%

-

Technology

QQCL.TO
50.0%
QQQY.TO
79.0%

Communication Services

QQCL.TO
16.4%
QQQY.TO
19.7%

Consumer Cyclical

QQCL.TO
12.5%
QQQY.TO
1.0%

Consumer Defensive

QQCL.TO
8.6%
QQQY.TO

-

Healthcare

QQCL.TO
5.3%
QQQY.TO

-

Industrials

QQCL.TO
3.4%
QQQY.TO
0.3%

Utilities

QQCL.TO
1.6%
QQQY.TO

-

Basic Materials

QQCL.TO
1.3%
QQQY.TO

-

Energy

QQCL.TO
0.6%
QQQY.TO

-

Financial Services

QQCL.TO
0.2%
QQQY.TO

-

Real Estate

QQCL.TO
0.1%
QQQY.TO

-

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

Evolve NASDAQ Technology Enhanced Yield Index Fund

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. HTAE.TO
Often compared with QQQY.TO:
QQQY.TO vs. HHIS.TOQQQY.TO vs. HTAE.TOQQQY.TO vs. HDIV.TOQQQY.TO vs. TXF.TOQQQY.TO vs. QDAY.NEOQQQY.TO vs. JEPQ.TOQQQY.TO vs. BIGY.TO

Return for Risk

QQCL.TO vs. QQQY.TO — 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
QQQY.TO
QQQY.TO Risk / Return Rank: 7777
Overall Rank
QQQY.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
QQQY.TO Sortino Ratio Rank: 7777
Sortino Ratio Rank
QQQY.TO Omega Ratio Rank: 7979
Omega Ratio Rank
QQQY.TO Calmar Ratio Rank: 7070
Calmar Ratio Rank
QQQY.TO Martin Ratio Rank: 7272
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. QQQY.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 Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.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.TOQQQY.TODifference

Sharpe ratio

Return per unit of total volatility

2.81

2.81

0.00

Sortino ratio

Return per unit of downside risk

3.65

3.53

+0.12

Omega ratio

Gain probability vs. loss probability

1.51

1.48

+0.03

Calmar ratio

Return relative to maximum drawdown

4.14

3.52

+0.61

Martin ratio

Return relative to average drawdown

15.49

13.82

+1.66

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. QQQY.TO - Sharpe Ratio Comparison

The current QQCL.TO Sharpe Ratio is 2.81, which is comparable to the QQQY.TO Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of QQCL.TO and QQQY.TO, 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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Sharpe Ratios by Period

QQCL.TOQQQY.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.81

2.81

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

1.52

0.07

+1.46

Drawdowns

QQCL.TO vs. QQQY.TO - Drawdown Comparison

The maximum QQCL.TO drawdown since its inception was -25.63%, roughly equal to the maximum QQQY.TO drawdown of -26.27%. Use the drawdown chart below to compare losses from any high point for QQCL.TO and QQQY.TO.

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Drawdown Indicators

QQCL.TOQQQY.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.63%

-26.27%

+0.64%

Max Drawdown (1Y)

Largest decline over 1 year

-10.68%

-14.91%

+4.23%

Current Drawdown

Current decline from peak

0.00%

-0.14%

+0.14%

Average Drawdown

Average peak-to-trough decline

-3.32%

-4.03%

+0.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.85%

3.79%

-0.94%

Volatility

QQCL.TO vs. QQQY.TO - Volatility Comparison

The current volatility for Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) is 4.30%, while Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) has a volatility of 4.62%. This indicates that QQCL.TO experiences smaller price fluctuations and is considered to be less risky than QQQY.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.TOQQQY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.30%

4.62%

-0.32%

Volatility (6M)

Calculated over the trailing 6-month period

12.58%

14.65%

-2.07%

Volatility (1Y)

Calculated over the trailing 1-year period

15.74%

18.74%

-3.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.38%

15,024.21%

-15,003.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.38%

15,024.21%

-15,003.83%

QQCL.TO vs. QQQY.TO - Expense Ratio Comparison

QQCL.TO has a 0.85% expense ratio, which is higher than QQQY.TO's 0.74% expense ratio.

Dividends

QQCL.TO vs. QQQY.TO - Dividend Comparison

QQCL.TO's dividend yield for the trailing twelve months is around 13.15%, more than QQQY.TO's 12.29% yield.

PositionTTM202520242023
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		13.15%14.54%11.87%3.68%
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index Fund		12.29%13.97%14.09%2.73%

Frequently Asked Questions

QQCL.TO and QQQY.TO 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, QQQY.TO is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QQQY.TO is cheaper with a 0.74% expense ratio, compared with 0.85% for QQCL.TO.

They also come from different issuers: Global X and Evolve. Their fees differ too: 0.85% for QQCL.TO and 0.74% for QQQY.TO.

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