QQI.TO vs. QQQQ.TO

Last updated Jul 1, 2026

QQI.TO (BetaPro Nasdaq-100 Daily Inverse ETF) and QQQQ.TO (Mackenzie NASDAQ 100 Index ETF) are both Nasdaq-100 funds - QQI.TO tracks the NASDAQ-100 Index (-100%) while QQQQ.TO tracks the NASDAQ-100 Index. Both are passively managed. At a correlation of -0.49, they often move in opposite directions. QQI.TO charges 1.15%/yr vs 0.25%/yr for QQQQ.TO.

Performance

QQI.TO vs. QQQQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro Nasdaq-100 Daily Inverse ETF (QQI.TO) and Mackenzie NASDAQ 100 Index ETF (QQQQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQI.TO achieves a -16.04% return, which is significantly lower than QQQQ.TO's 23.63% return.

QQI.TO

• 1D: -2.02%
• 1M: -0.31%
• YTD: -16.04%
• 6M: -16.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQQ.TO

• 1D: 3.75%
• 1M: 3.32%
• YTD: 23.63%
• 6M: 22.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQI.TO vs. QQQQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025
QQI.TO BetaPro Nasdaq-100 Daily Inverse ETF	-16.04%	-3.15%
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	23.63%	2.29%

Correlation

The correlation between QQI.TO and QQQQ.TO is -0.49, 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 (All Time) Calculated using the full available price history since Sep 22, 2025	-0.49

Return for Risk

QQI.TO vs. QQQQ.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 Mackenzie NASDAQ 100 Index ETF (QQQQ.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

QQI.TO vs. QQQQ.TO - Drawdown Comparison

The maximum QQI.TO drawdown since its inception was -25.23%, which is greater than QQQQ.TO's maximum drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for QQI.TO and QQQQ.TO.

Drawdown Indicators

	QQI.TO	QQQQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-25.23%	-12.27%	-12.96%
Current Drawdown Current decline from peak	-24.72%	-0.32%	-24.40%
Average Drawdown Average peak-to-trough decline	-8.42%	-3.15%	-5.27%

Volatility

Volatility by Period

	QQI.TO	QQQQ.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.26%	19.44%	+0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.26%	19.44%	+0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.26%	19.44%	+0.82%

QQI.TO vs. QQQQ.TO - Expense Ratio Comparison

QQI.TO has a 1.15% expense ratio, which is higher than QQQQ.TO's 0.25% expense ratio.

Dividends

QQI.TO vs. QQQQ.TO - Dividend Comparison

QQI.TO has not paid dividends to shareholders, while QQQQ.TO's dividend yield for the trailing twelve months is around 0.09%.

Position	TTM	2025
QQI.TO BetaPro Nasdaq-100 Daily Inverse ETF	0.00%	0.00%
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	0.09%	0.11%

Frequently Asked Questions

Can I hold both QQI.TO and QQQQ.TO in my portfolio?

QQI.TO and QQQQ.TO have a correlation of -0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQI.TO or QQQQ.TO?

On fees, QQQQ.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQI.TO or QQQQ.TO?

QQQQ.TO is cheaper with a 0.25% expense ratio, compared with 1.15% for QQI.TO.

What is the main difference between QQI.TO and QQQQ.TO?

QQI.TO tracks NASDAQ-100 Index (-100%), while QQQQ.TO tracks NASDAQ-100 Index. They also come from different issuers: Global X and Mackenzie. Their fees differ too: 1.15% for QQI.TO and 0.25% for QQQQ.TO.