QQD.TO vs. QQCC.TO
QQD.TO (BetaPro NASDAQ-100 -2x Daily Bear ETF) and QQCC.TO (Global X NASDAQ-100 Covered Call ETF) are both exchange-traded funds - QQD.TO is a Inverse Equities fund actively managed by Global X, while QQCC.TO is a Nasdaq-100 fund managed by Global X. Over the past 10 years, QQD.TO returned -43.50%/yr vs 1.44%/yr for QQCC.TO. At a correlation of -0.56, they often move in opposite directions.
Performance
QQD.TO vs. QQCC.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 QQCC.TO's 19.37% return. Over the past 10 years, QQD.TO has underperformed QQCC.TO with an annualized return of -43.50%, while QQCC.TO has yielded a comparatively higher 1.44% 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%
QQCC.TO
- 1D
- 1.17%
- 1M
- 3.72%
- YTD
- 19.37%
- 6M
- 18.83%
- 1Y
- 33.76%
- 3Y*
- 23.89%
- 5Y*
- 0.81%
- 10Y*
- 1.44%
QQD.TO vs. QQCC.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% |
QQCC.TO Global X NASDAQ-100 Covered Call ETF | 19.37% | 11.64% | 33.42% | 35.92% | -55.98% | 5.24% | -6.26% | 12.55% | -18.79% | 15.14% |
Correlation
The correlation between QQD.TO and QQCC.TO is -0.85, 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 | -0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2011 | -0.56 |
Over the past year, the inverse relationship between QQD.TO and QQCC.TO has strengthened: their correlation has moved from -0.56 to -0.85, meaning they now move in opposite directions more often than their long-term average.
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. QQCC.TO — Risk / Return Rank
QQD.TO
QQCC.TO
QQD.TO vs. QQCC.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 NASDAQ-100 Covered Call ETF (QQCC.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 | QQCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.58 | ||
| Sortino ratioReturn per unit of downside risk | -5.19 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.42 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 4.16 | -5.15 |
| Martin ratioReturn relative to average drawdown | -1.99 | 14.76 | -16.74 |
Loading charts...
Drawdowns
QQD.TO vs. QQCC.TO - Drawdown Comparison
The maximum QQD.TO drawdown since its inception was -99.99%, which is greater than QQCC.TO's maximum drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for QQD.TO and QQCC.TO.
Loading charts...
Drawdown Indicators
| QQD.TO | QQCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -67.77% | -32.22% |
Max Drawdown (1Y)Largest decline over 1 year | -45.99% | -8.15% | -37.84% |
Max Drawdown (3Y)Largest decline over 3 years | -80.24% | -22.24% | -58.00% |
Max Drawdown (5Y)Largest decline over 5 years | -89.01% | -59.13% | -29.88% |
Max Drawdown (10Y)Largest decline over 10 years | -99.67% | -62.91% | -36.76% |
Current DrawdownCurrent decline from peak | -99.99% | -21.01% | -78.98% |
Average DrawdownAverage peak-to-trough decline | -92.21% | -28.26% | -63.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.85% | 2.29% | +20.56% |
Volatility
QQD.TO vs. QQCC.TO - Volatility Comparison
BetaPro NASDAQ-100 -2x Daily Bear ETF (QQD.TO) has a higher volatility of 19.06% compared to Global X NASDAQ-100 Covered Call ETF (QQCC.TO) at 7.78%. This indicates that QQD.TO's price experiences larger fluctuations and is considered to be riskier than QQCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QQD.TO | QQCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.06% | 7.78% | +11.28% |
Volatility (6M)Calculated over the trailing 6-month period | 29.66% | 12.24% | +17.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.04% | 14.62% | +21.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.60% | 28.41% | +17.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.82% | 23.30% | +24.52% |
Dividends
QQD.TO vs. QQCC.TO - Dividend Comparison
QQD.TO has not paid dividends to shareholders, while QQCC.TO's dividend yield for the trailing twelve months is around 10.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQCC.TO Global X NASDAQ-100 Covered Call ETF | 10.42% | 11.27% | 9.84% | 11.79% | 11.06% | 2.58% | 2.92% | 3.14% | 3.96% | 3.00% | 3.36% | 4.44% |
QQD.TO BetaPro NASDAQ-100 -2x Daily Bear ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQD.TO and QQCC.TO have a correlation of -0.85, 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 QQCC.TO is Nasdaq-100.
Find the right allocation for QQD.TO and QQCC.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