QQCL.TO vs. SCHG

Last updated Aug 2, 2026

QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both exchange-traded funds - QQCL.TO is a Nasdaq-100 fund actively managed by Global X, while SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. QQCL.TO is actively managed, while SCHG is passively managed. Over the past year, QQCL.TO returned 28.37% vs 17.45% for SCHG. Their 0.74 correlation means they have sometimes moved together and sometimes differently. QQCL.TO charges 0.85%/yr vs 0.04%/yr for SCHG.

Performance

QQCL.TO vs. SCHG - 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 Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QQCL.TO is traded in CAD, while SCHG is traded in USD. To make them comparable, the SCHG 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 14.15% return, which is significantly higher than SCHG's 7.41% return.

QQCL.TO

• 1D: 1.28%
• 1M: -5.74%
• 6M: 13.14%
• YTD: 14.15%
• 1Y: 28.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.10%

SCHG

• 1D: 0.95%
• 1M: -1.31%
• 6M: 11.14%
• YTD: 7.41%
• 1Y: 17.45%
• 3Y*: 23.85%
• 5Y*: 15.86%
• 10Y*: 19.05%
• ALL TIME*: 18.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF	CA$1.23M	CA$1.27M	CA$1.40M
SCHG Schwab U.S. Large-Cap Growth ETF	CA$348.51M	CA$352.55M	CA$472.78M

QQCL.TO vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF	14.15%	13.10%	41.38%	4.96%
SCHG Schwab U.S. Large-Cap Growth ETF	7.41%	12.14%	46.38%	7.78%

Correlation

The correlation between QQCL.TO and SCHG is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.73
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023	0.74

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

QQCL.TO vs. SCHG - Sectors Allocation Comparison

Sectors	QQCL.TO	SCHG
Technology	58.6%	44.0%
Communication Services	14.3%	14.1%
Consumer Cyclical	11.4%	11.2%
Consumer Defensive	6.4%	1.9%
Healthcare	3.7%	9.9%
Industrials	2.6%	7.6%
Utilities	1.2%	0.5%
Basic Materials	1.0%	1.6%
Energy	0.5%	0.9%
Financial Services	0.2%	7.7%
Real Estate	0.1%	0.6%

Return for Risk

QQCL.TO vs. SCHG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QQCL.TO

QQCL.TO Risk / Return Rank: 56
QQCL.TO Sharpe Ratio Rank: 55
QQCL.TO Sortino Ratio Rank: 51
QQCL.TO Omega Ratio Rank: 53
QQCL.TO Calmar Ratio Rank: 59
QQCL.TO Martin Ratio Rank: 61

SCHG

SCHG Risk / Return Rank: 30
SCHG Sharpe Ratio Rank: 33
SCHG Sortino Ratio Rank: 31
SCHG Omega Ratio Rank: 31
SCHG Calmar Ratio Rank: 26
SCHG Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQCL.TO vs. SCHG - 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 Schwab U.S. Large-Cap Growth ETF (SCHG). 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	SCHG	Difference
Sharpe ratio: Return per unit of total volatility	1.30	0.91	+0.39
Sortino ratio: Return per unit of downside risk	1.80	1.34	+0.47
Omega ratio: Gain probability vs. loss probability	1.24	1.16	+0.07
Calmar ratio: Return relative to maximum drawdown	2.08	0.91	+1.17
Martin ratio: Return relative to average drawdown	7.36	2.63	+4.72

QQCL.TO vs. SCHG - Sharpe Ratio Comparison

The current QQCL.TO Sharpe Ratio is 1.30, which is higher than the SCHG Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of QQCL.TO and SCHG, 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. SCHG - Drawdown Comparison

The maximum QQCL.TO drawdown since its inception was -25.63%, smaller than the maximum SCHG drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for QQCL.TO and SCHG.

Drawdown Indicators

	QQCL.TO	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-25.63%	-32.68%	+7.05%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	-16.70%	+4.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.68%	—
Current Drawdown Current decline from peak	-8.07%	-2.44%	-5.63%
Average Drawdown Average peak-to-trough decline	-3.35%	-4.77%	+1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	5.74%	-2.27%

Volatility

QQCL.TO vs. SCHG - Volatility Comparison

Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) has a higher volatility of 7.67% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 4.11%. This indicates that QQCL.TO's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQCL.TO	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.67%	4.11%	+3.56%
Volatility (6M) Calculated over the trailing 6-month period	16.69%	12.87%	+3.82%
Volatility (1Y) Calculated over the trailing 1-year period	19.59%	16.62%	+2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.05%	23.17%	-2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.05%	22.55%	-1.50%

QQCL.TO vs. SCHG - Expense Ratio Comparison

QQCL.TO has a 0.85% expense ratio, which is higher than SCHG's 0.04% expense ratio.

Dividends

QQCL.TO vs. SCHG - Dividend Comparison

QQCL.TO's dividend yield for the trailing twelve months is around 14.39%, more than SCHG's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF	14.39%	14.54%	11.87%	3.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHG Schwab U.S. Large-Cap Growth ETF	0.38%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

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

QQCL.TO and SCHG 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 SCHG?

On fees, SCHG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQCL.TO or SCHG?

SCHG is cheaper with a 0.04% expense ratio, compared with 0.85% for QQCL.TO.

What is the main difference between QQCL.TO and SCHG?

QQCL.TO is categorized as Nasdaq-100, while SCHG is Large Cap Growth Equities. They also come from different issuers: Global X and Charles Schwab. Their fees differ too: 0.85% for QQCL.TO and 0.04% for SCHG.