QQCL.TO vs. XMMO
Compare and contrast key facts about Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) and Invesco S&P MidCap Momentum ETF (XMMO).
QQCL.TO and XMMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQCL.TO is an actively managed fund by Global X. It was launched on Oct 10, 2023. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQCL.TO or XMMO.
Correlation
The correlation between QQCL.TO and XMMO is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QQCL.TO vs. XMMO - Performance Comparison
Key characteristics
QQCL.TO:
2.06
XMMO:
0.97
QQCL.TO:
2.80
XMMO:
1.47
QQCL.TO:
1.36
XMMO:
1.18
QQCL.TO:
2.89
XMMO:
1.73
QQCL.TO:
11.95
XMMO:
4.79
QQCL.TO:
3.03%
XMMO:
4.01%
QQCL.TO:
17.60%
XMMO:
19.87%
QQCL.TO:
-12.54%
XMMO:
-55.37%
QQCL.TO:
-1.87%
XMMO:
-11.14%
Returns By Period
In the year-to-date period, QQCL.TO achieves a 2.74% return, which is significantly higher than XMMO's -2.06% return.
QQCL.TO
2.74%
-1.36%
21.28%
32.26%
N/A
N/A
XMMO
-2.06%
-8.99%
1.11%
14.68%
14.42%
14.67%
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QQCL.TO vs. XMMO - Expense Ratio Comparison
QQCL.TO has a 0.85% expense ratio, which is higher than XMMO's 0.33% expense ratio.
Risk-Adjusted Performance
QQCL.TO vs. XMMO — Risk-Adjusted Performance Rank
QQCL.TO
XMMO
QQCL.TO vs. XMMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) and Invesco S&P MidCap Momentum ETF (XMMO). 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.
Dividends
QQCL.TO vs. XMMO - Dividend Comparison
QQCL.TO's dividend yield for the trailing twelve months is around 11.86%, more than XMMO's 0.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 11.86% | 11.87% | 3.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMMO Invesco S&P MidCap Momentum ETF | 0.34% | 0.34% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% | 1.24% |
Drawdowns
QQCL.TO vs. XMMO - Drawdown Comparison
The maximum QQCL.TO drawdown since its inception was -12.54%, smaller than the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for QQCL.TO and XMMO. For additional features, visit the drawdowns tool.
Volatility
QQCL.TO vs. XMMO - Volatility Comparison
The current volatility for Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) is 4.52%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 5.83%. This indicates that QQCL.TO experiences smaller price fluctuations and is considered to be less risky than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.