QQI.TO vs. ENCC.TO
QQI.TO (BetaPro Nasdaq-100 Daily Inverse ETF) and ENCC.TO (Global X Canadian Oil and Gas Equity Covered Call ETF) are both exchange-traded funds - QQI.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index (-100%), while ENCC.TO is a Derivative Income fund actively managed by Global X. QQI.TO is passively managed, while ENCC.TO is actively managed. At a 0.21 correlation, their price movements are largely independent. QQI.TO charges 1.15%/yr vs 0.76%/yr for ENCC.TO.
Performance
QQI.TO vs. ENCC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QQI.TO achieves a -16.04% return, which is significantly lower than ENCC.TO's 21.14% return.
QQI.TO
- 1D
- -2.02%
- 1M
- -0.31%
- YTD
- -16.04%
- 6M
- -16.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENCC.TO
- 1D
- -0.90%
- 1M
- -2.33%
- YTD
- 21.14%
- 6M
- 20.80%
- 1Y
- 31.93%
- 3Y*
- 19.84%
- 5Y*
- 22.24%
- 10Y*
- 7.75%
QQI.TO vs. ENCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQI.TO BetaPro Nasdaq-100 Daily Inverse ETF | -16.04% | -3.15% |
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF | 21.14% | 2.23% |
Correlation
The correlation between QQI.TO and ENCC.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 22, 2025 | 0.21 |
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Return for Risk
QQI.TO vs. ENCC.TO — Risk / Return Rank
QQI.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ENCC.TO
QQI.TO vs. ENCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro Nasdaq-100 Daily Inverse ETF (QQI.TO) and Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.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.
| QQI.TO | ENCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.39 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.78 | — |
| Martin ratioReturn relative to average drawdown | — | 11.68 | — |
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Drawdowns
QQI.TO vs. ENCC.TO - Drawdown Comparison
The maximum QQI.TO drawdown since its inception was -25.23%, smaller than the maximum ENCC.TO drawdown of -93.29%. Use the drawdown chart below to compare losses from any high point for QQI.TO and ENCC.TO.
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Drawdown Indicators
| QQI.TO | ENCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.23% | -93.29% | +68.06% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.48% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.67% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.15% | — |
Current DrawdownCurrent decline from peak | -24.72% | -30.26% | +5.54% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -55.95% | +47.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.74% | — |
Volatility
QQI.TO vs. ENCC.TO - Volatility Comparison
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Volatility by Period
| QQI.TO | ENCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.26% | 14.60% | +5.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.26% | 22.87% | -2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 29.00% | -8.74% |
QQI.TO vs. ENCC.TO - Expense Ratio Comparison
QQI.TO has a 1.15% expense ratio, which is higher than ENCC.TO's 0.76% expense ratio.
Dividends
QQI.TO vs. ENCC.TO - Dividend Comparison
QQI.TO has not paid dividends to shareholders, while ENCC.TO's dividend yield for the trailing twelve months is around 11.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF | 11.93% | 13.62% | 14.58% | 14.87% | 12.55% | 4.23% | 5.10% | 6.11% | 8.37% | 6.93% | 4.34% | 3.03% |
QQI.TO BetaPro Nasdaq-100 Daily Inverse 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
QQI.TO and ENCC.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENCC.TO is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENCC.TO is cheaper with a 0.76% expense ratio, compared with 1.15% for QQI.TO.
QQI.TO is categorized as Nasdaq-100, while ENCC.TO is Derivative Income. Their fees differ too: 1.15% for QQI.TO and 0.76% for ENCC.TO.
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