QQD.TO vs. HXT.TO
QQD.TO (BetaPro NASDAQ-100 -2x Daily Bear ETF) and HXT.TO (Global X S&P/TSX 60 Index Corporate Class ETF) are both exchange-traded funds - QQD.TO is a Inverse Equities fund actively managed by Global X, while HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index (Total Return). QQD.TO is actively managed, while HXT.TO is passively managed. Over the past 10 years, QQD.TO returned -43.50%/yr vs 12.99%/yr for HXT.TO. At a correlation of -0.60, they often move in opposite directions.
Performance
QQD.TO vs. HXT.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QQD.TO achieves a -32.75% return, which is significantly lower than HXT.TO's 11.33% return. Over the past 10 years, QQD.TO has underperformed HXT.TO with an annualized return of -43.50%, while HXT.TO has yielded a comparatively higher 12.99% annualized 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%
HXT.TO
- 1D
- 0.09%
- 1M
- 1.87%
- YTD
- 11.33%
- 6M
- 10.82%
- 1Y
- 31.16%
- 3Y*
- 22.46%
- 5Y*
- 14.46%
- 10Y*
- 12.99%
QQD.TO vs. HXT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQD.TO BetaPro NASDAQ-100 -2x Daily Bear ETF | -32.75% | -36.36% | -34.56% | -56.98% | 69.96% | -45.18% | -84.74% | -50.55% | -10.33% | -45.24% |
HXT.TO Global X S&P/TSX 60 Index Corporate Class ETF | 11.33% | 28.74% | 20.94% | 12.02% | -6.27% | 28.11% | 5.36% | 22.18% | -7.89% | 9.77% |
Correlation
The correlation between QQD.TO and HXT.TO is -0.52, 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 | -0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2010 | -0.60 |
The correlation between QQD.TO and HXT.TO has been stable across timeframes, ranging from -0.61 to -0.52 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QQD.TO vs. HXT.TO — Risk / Return Rank
QQD.TO
HXT.TO
QQD.TO vs. HXT.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/TSX 60 Index Corporate Class ETF (HXT.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 | HXT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.88 | ||
| Sortino ratioReturn per unit of downside risk | -5.56 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.47 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 4.06 | -5.05 |
| Martin ratioReturn relative to average drawdown | -1.99 | 18.62 | -20.60 |
Loading charts...
Drawdowns
QQD.TO vs. HXT.TO - Drawdown Comparison
The maximum QQD.TO drawdown since its inception was -99.99%, which is greater than HXT.TO's maximum drawdown of -52.13%. Use the drawdown chart below to compare losses from any high point for QQD.TO and HXT.TO.
Loading charts...
Drawdown Indicators
| QQD.TO | HXT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -52.13% | -47.86% |
Max Drawdown (1Y)Largest decline over 1 year | -45.99% | -7.71% | -38.28% |
Max Drawdown (3Y)Largest decline over 3 years | -80.24% | -12.36% | -67.88% |
Max Drawdown (5Y)Largest decline over 5 years | -89.01% | -16.33% | -72.68% |
Max Drawdown (10Y)Largest decline over 10 years | -99.67% | -35.48% | -64.19% |
Current DrawdownCurrent decline from peak | -99.99% | -0.91% | -99.08% |
Average DrawdownAverage peak-to-trough decline | -92.21% | -19.01% | -73.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.85% | 1.68% | +21.17% |
Volatility
QQD.TO vs. HXT.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/TSX 60 Index Corporate Class ETF (HXT.TO) at 3.46%. This indicates that QQD.TO's price experiences larger fluctuations and is considered to be riskier than HXT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QQD.TO | HXT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.06% | 3.46% | +15.60% |
Volatility (6M)Calculated over the trailing 6-month period | 29.66% | 9.55% | +20.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.04% | 11.98% | +24.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.60% | 12.81% | +32.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.82% | 15.14% | +32.68% |
Dividends
QQD.TO vs. HXT.TO - Dividend Comparison
Neither QQD.TO nor HXT.TO has paid dividends to shareholders.
Frequently Asked Questions
QQD.TO and HXT.TO have a correlation of -0.52, 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 HXT.TO is Canada Equities.
Find the right allocation for QQD.TO and HXT.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer