QQD.TO vs. HXS.TO
QQD.TO (BetaPro NASDAQ-100 -2x Daily Bear ETF) and HXS.TO (Global X S&P 500 Index Corporate Class ETF) are both exchange-traded funds - QQD.TO is a Inverse Equities fund actively managed by Global X, while HXS.TO is a S&P 500 fund tracking the S&P 500 Index. QQD.TO is actively managed, while HXS.TO is passively managed. Over the past 5 years, QQD.TO returned -31.14%/yr vs 15.94%/yr for HXS.TO. At a correlation of -0.84, they often move in opposite directions.
Performance
QQD.TO vs. HXS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QQD.TO achieves a -32.75% return, which is significantly lower than HXS.TO's 13.44% return.
QQD.TO
- 1D
- -3.58%
- 1M
- -1.76%
- YTD
- -32.75%
- 6M
- -31.73%
- 1Y
- -45.33%
- 3Y*
- -38.44%
- 5Y*
- -31.14%
- 10Y*
- -43.50%
HXS.TO
- 1D
- 0.63%
- 1M
- 1.77%
- YTD
- 13.44%
- 6M
- 12.73%
- 1Y
- 26.56%
- 3Y*
- 22.71%
- 5Y*
- 15.94%
- 10Y*
- —
QQD.TO vs. HXS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QQD.TO BetaPro NASDAQ-100 -2x Daily Bear ETF | -32.75% | -36.36% | -34.56% | -56.98% | 69.96% | -45.18% | -84.74% | -37.23% |
HXS.TO Global X S&P 500 Index Corporate Class ETF | 13.44% | 11.93% | 34.98% | 23.22% | -12.72% | 27.30% | 15.78% | 15.85% |
Correlation
The correlation between QQD.TO and HXS.TO is -0.82, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2019 | -0.84 |
The correlation between QQD.TO and HXS.TO has been stable across timeframes, ranging from -0.86 to -0.82 - a consistent structural relationship.
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Return for Risk
QQD.TO vs. HXS.TO — Risk / Return Rank
QQD.TO
HXS.TO
QQD.TO vs. HXS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro NASDAQ-100 -2x Daily Bear ETF (QQD.TO) and Global X S&P 500 Index Corporate Class ETF (HXS.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.
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.
| QQD.TO | HXS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.42 | ||
| Sortino ratioReturn per unit of downside risk | -5.00 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.39 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 3.05 | -4.04 |
| Martin ratioReturn relative to average drawdown | -1.99 | 11.35 | -13.33 |
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Drawdowns
QQD.TO vs. HXS.TO - Drawdown Comparison
The maximum QQD.TO drawdown since its inception was -99.99%, which is greater than HXS.TO's maximum drawdown of -27.41%. Use the drawdown chart below to compare losses from any high point for QQD.TO and HXS.TO.
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Drawdown Indicators
| QQD.TO | HXS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -27.41% | -72.58% |
Max Drawdown (1Y)Largest decline over 1 year | -45.99% | -8.74% | -37.25% |
Max Drawdown (3Y)Largest decline over 3 years | -80.24% | -18.98% | -61.26% |
Max Drawdown (5Y)Largest decline over 5 years | -89.01% | -22.63% | -66.38% |
Max Drawdown (10Y)Largest decline over 10 years | -99.67% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -0.42% | -99.57% |
Average DrawdownAverage peak-to-trough decline | -92.21% | -4.25% | -87.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.85% | 2.35% | +20.50% |
Volatility
QQD.TO vs. HXS.TO - Volatility Comparison
BetaPro NASDAQ-100 -2x Daily Bear ETF (QQD.TO) has a higher volatility of 19.06% compared to Global X S&P 500 Index Corporate Class ETF (HXS.TO) at 4.85%. This indicates that QQD.TO's price experiences larger fluctuations and is considered to be riskier than HXS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQD.TO | HXS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.06% | 4.85% | +14.21% |
Volatility (6M)Calculated over the trailing 6-month period | 29.66% | 9.75% | +19.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.04% | 12.39% | +23.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.60% | 15.27% | +30.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.82% | 17.73% | +30.09% |
Dividends
QQD.TO vs. HXS.TO - Dividend Comparison
Neither QQD.TO nor HXS.TO has paid dividends to shareholders.
Frequently Asked Questions
QQD.TO and HXS.TO have a correlation of -0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQD.TO is categorized as Inverse Equities, while HXS.TO is S&P 500.
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