QQI.TO vs. SPXI.TO

Last updated Jul 18, 2026

QQI.TO (BetaPro Nasdaq-100 Daily Inverse ETF) and SPXI.TO (BetaPro S&P 500 Daily Inverse ETF) are both exchange-traded funds - QQI.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index (-100%), while SPXI.TO is a Inverse Equities fund actively managed by Global X. QQI.TO is passively managed, while SPXI.TO is actively managed. A 0.79 correlation means they provide meaningful diversification when combined.

Performance

QQI.TO vs. SPXI.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 BetaPro S&P 500 Daily Inverse ETF (SPXI.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 -11.06% return, which is significantly lower than SPXI.TO's -7.79% return.

QQI.TO

• 1D: 1.13%
• 1M: 3.60%
• 6M: -11.11%
• YTD: -11.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPXI.TO

• 1D: 0.92%
• 1M: -0.45%
• 6M: -6.61%
• YTD: -7.79%
• 1Y: -14.29%
• 3Y*: -12.77%
• 5Y*: -9.54%
• 10Y*: -13.40%

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

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

	2026 (YTD)	2025
QQI.TO BetaPro Nasdaq-100 Daily Inverse ETF	-11.06%	-3.15%
SPXI.TO BetaPro S&P 500 Daily Inverse ETF	-7.79%	-2.16%

Correlation

The correlation between QQI.TO and SPXI.TO is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 22, 2025	0.79

Return for Risk

QQI.TO vs. SPXI.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQI.TO

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

SPXI.TO

SPXI.TO Risk / Return Rank: 1
SPXI.TO Sharpe Ratio Rank: 1
SPXI.TO Sortino Ratio Rank: 2
SPXI.TO Omega Ratio Rank: 2
SPXI.TO Calmar Ratio Rank: 2
SPXI.TO Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQI.TO vs. SPXI.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 BetaPro S&P 500 Daily Inverse ETF (SPXI.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	SPXI.TO	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.10	—
Sortino ratio: Return per unit of downside risk	—	-1.54	—
Omega ratio: Gain probability vs. loss probability	—	0.83	—
Calmar ratio: Return relative to maximum drawdown	—	-0.84	—
Martin ratio: Return relative to average drawdown	—	-1.51	—

Drawdowns

QQI.TO vs. SPXI.TO - Drawdown Comparison

The maximum QQI.TO drawdown since its inception was -25.23%, smaller than the maximum SPXI.TO drawdown of -92.06%. Use the drawdown chart below to compare losses from any high point for QQI.TO and SPXI.TO.

Drawdown Indicators

	QQI.TO	SPXI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-25.23%	-92.06%	+66.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-42.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-47.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.28%	—
Current Drawdown Current decline from peak	-20.25%	-91.89%	+71.64%
Average Drawdown Average peak-to-trough decline	-9.22%	-67.25%	+58.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.49%	—

Volatility

Volatility by Period

	QQI.TO	SPXI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.67%	12.99%	+7.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.67%	17.01%	+3.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.67%	18.13%	+2.54%

Dividends

QQI.TO vs. SPXI.TO - Dividend Comparison

Neither QQI.TO nor SPXI.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

QQI.TO and SPXI.TO have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

QQI.TO is categorized as Nasdaq-100, while SPXI.TO is Inverse Equities.