QQCL.TO vs. ^IXIC
Compare and contrast key facts about Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) and NASDAQ Composite (^IXIC).
QQCL.TO is an actively managed fund by Global X. It was launched on Oct 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQCL.TO or ^IXIC.
Correlation
The correlation between QQCL.TO and ^IXIC is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QQCL.TO vs. ^IXIC - Performance Comparison
Key characteristics
QQCL.TO:
2.13
^IXIC:
1.44
QQCL.TO:
2.89
^IXIC:
1.95
QQCL.TO:
1.38
^IXIC:
1.26
QQCL.TO:
2.98
^IXIC:
2.02
QQCL.TO:
12.34
^IXIC:
7.20
QQCL.TO:
3.03%
^IXIC:
3.69%
QQCL.TO:
17.56%
^IXIC:
18.38%
QQCL.TO:
-12.54%
^IXIC:
-77.93%
QQCL.TO:
-0.76%
^IXIC:
-1.05%
Returns By Period
In the year-to-date period, QQCL.TO achieves a 3.90% return, which is significantly higher than ^IXIC's 3.37% return.
QQCL.TO
3.90%
0.95%
23.09%
37.74%
N/A
N/A
^IXIC
3.37%
1.04%
13.30%
28.12%
15.88%
14.98%
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Risk-Adjusted Performance
QQCL.TO vs. ^IXIC — Risk-Adjusted Performance Rank
QQCL.TO
^IXIC
QQCL.TO vs. ^IXIC - 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 NASDAQ Composite (^IXIC). 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.
Drawdowns
QQCL.TO vs. ^IXIC - Drawdown Comparison
The maximum QQCL.TO drawdown since its inception was -12.54%, smaller than the maximum ^IXIC drawdown of -77.93%. Use the drawdown chart below to compare losses from any high point for QQCL.TO and ^IXIC. For additional features, visit the drawdowns tool.
Volatility
QQCL.TO vs. ^IXIC - Volatility Comparison
The current volatility for Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) is 4.33%, while NASDAQ Composite (^IXIC) has a volatility of 5.14%. This indicates that QQCL.TO experiences smaller price fluctuations and is considered to be less risky than ^IXIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.