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

QQCL.TO vs. QQU.TO

Last updated Jun 4, 2026

QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) and QQU.TO (BetaPro NASDAQ-100 2x Daily Bull ETF) are both Nasdaq-100 funds from Global X. QQCL.TO is actively managed, while QQU.TO is passively managed. Over the past year, QQCL.TO returned 43.99% vs 80.49% for QQU.TO. Their correlation of 0.85 suggests significant overlap in exposure. QQCL.TO charges 0.85%/yr vs 1.46%/yr for QQU.TO.

Performance

QQCL.TO vs. QQU.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 BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO). The values are adjusted to include any dividend payments, if applicable.

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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 QQU.TO's 40.64% return.

QQCL.TO

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

QQU.TO

1D
-0.47%
1M
21.48%
YTD
40.64%
6M
35.68%
1Y
80.49%
3Y*
46.76%
5Y*
22.94%
10Y*
33.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQCL.TO vs. QQU.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%
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF		40.64%26.77%40.01%19.42%

Correlation

The correlation between QQCL.TO and QQU.TO is 0.85, 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

0.85

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

0.85

The correlation between QQCL.TO and QQU.TO has been stable across timeframes, ranging from 0.85 to 0.85 - a consistent structural relationship.

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

Sectors
QQCL.TO
QQU.TO

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%
QQU.TO
53.7%

Communication Services

QQCL.TO
16.4%
QQU.TO
15.8%

Consumer Cyclical

QQCL.TO
12.5%
QQU.TO
12.2%

Consumer Defensive

QQCL.TO
8.6%
QQU.TO
7.7%

Healthcare

QQCL.TO
5.3%
QQU.TO
4.2%

Industrials

QQCL.TO
3.4%
QQU.TO
3.1%

Utilities

QQCL.TO
1.6%
QQU.TO
1.4%

Basic Materials

QQCL.TO
1.3%
QQU.TO
1.1%

Energy

QQCL.TO
0.6%
QQU.TO
0.6%

Financial Services

QQCL.TO
0.2%
QQU.TO
0.2%

Real Estate

QQCL.TO
0.1%
QQU.TO
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

BetaPro NASDAQ-100 2x Daily Bull 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 QQU.TO:
QQU.TO vs. QLDQQU.TO vs. TQQQQQU.TO vs. QQC.TOQQU.TO vs. XQQU.TOQQU.TO vs. VCN.TOQQU.TO vs. XQQ.TOQQU.TO vs. ZQQ.TO

Return for Risk

QQCL.TO vs. QQU.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
QQU.TO
QQU.TO Risk / Return Rank: 6666
Overall Rank
QQU.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
QQU.TO Sortino Ratio Rank: 6464
Sortino Ratio Rank
QQU.TO Omega Ratio Rank: 6464
Omega Ratio Rank
QQU.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
QQU.TO Martin Ratio Rank: 6060
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. QQU.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 BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.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.TOQQU.TODifference
Sharpe ratioReturn per unit of total volatility
2.81
2.55

+0.25

Sortino ratioReturn per unit of downside risk
3.65
3.03

+0.61

Omega ratioGain probability vs. loss probability

1.51

1.40

+0.11

Calmar ratioReturn relative to maximum drawdown

4.14

3.13

+1.01

Martin ratioReturn relative to average drawdown

15.49

10.71

+4.77

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. QQU.TO - Sharpe Ratio Comparison

The current QQCL.TO Sharpe Ratio is 2.81, which is comparable to the QQU.TO Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of QQCL.TO and QQU.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.TOQQU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.81

2.55

+0.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.51

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.75

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.52

0.55

+0.97

Drawdowns

QQCL.TO vs. QQU.TO - Drawdown Comparison

The maximum QQCL.TO drawdown since its inception was -25.63%, smaller than the maximum QQU.TO drawdown of -78.51%. Use the drawdown chart below to compare losses from any high point for QQCL.TO and QQU.TO.

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Drawdown Indicators

QQCL.TOQQU.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.63%

-78.51%

+52.88%

Max Drawdown (1Y)

Largest decline over 1 year

-10.68%

-25.85%

+15.17%

Max Drawdown (3Y)

Largest decline over 3 years

—

-43.00%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-64.83%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-64.83%

—

Current Drawdown

Current decline from peak

0.00%

-0.47%

+0.47%

Average Drawdown

Average peak-to-trough decline

-3.32%

-17.02%

+13.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.85%

7.54%

-4.69%

Volatility

QQCL.TO vs. QQU.TO - Volatility Comparison

The current volatility for Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) is 4.30%, while BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) has a volatility of 9.23%. This indicates that QQCL.TO experiences smaller price fluctuations and is considered to be less risky than QQU.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.TOQQU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.30%

9.23%

-4.93%

Volatility (6M)

Calculated over the trailing 6-month period

12.58%

24.31%

-11.73%

Volatility (1Y)

Calculated over the trailing 1-year period

15.74%

31.70%

-15.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.38%

44.86%

-24.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.38%

44.86%

-24.48%

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

QQCL.TO has a 0.85% expense ratio, which is lower than QQU.TO's 1.46% expense ratio.

Dividends

QQCL.TO vs. QQU.TO - Dividend Comparison

QQCL.TO's dividend yield for the trailing twelve months is around 13.15%, while QQU.TO has not paid dividends to shareholders.

PositionTTM202520242023
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		13.15%14.54%11.87%3.68%
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF		0.00%0.00%0.00%0.00%

Frequently Asked Questions

QQCL.TO and QQU.TO have a correlation of 0.85, 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 1.46% for QQU.TO.

Their fees differ too: 0.85% for QQCL.TO and 1.46% for QQU.TO.

Portfolio Optimizer

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