QQI.TO vs. TQQQ.TO

Last updated Jun 3, 2026

QQI.TO (BetaPro Nasdaq-100 Daily Inverse ETF) and TQQQ.TO (BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF) are both Nasdaq-100 funds from Global X - QQI.TO tracks the NASDAQ-100 Index (-100%) while TQQQ.TO tracks the Nasdaq-100 Index. Both are passively managed. At a correlation of -0.86, they often move in opposite directions.

Performance

QQI.TO vs. TQQQ.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 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.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 -16.56% return, which is significantly lower than TQQQ.TO's 62.71% return.

QQI.TO

• 1D: -0.38%
• 1M: -9.60%
• YTD: -16.56%
• 6M: -16.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TQQQ.TO

• 1D: 1.46%
• 1M: 33.30%
• YTD: 62.71%
• 6M: 54.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
QQI.TO BetaPro Nasdaq-100 Daily Inverse ETF	-16.56%	-3.15%
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF	62.71%	-0.29%

Correlation

The correlation between QQI.TO and TQQQ.TO is -0.86, 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 23, 2025	-0.86

Return for Risk

QQI.TO vs. TQQQ.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 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.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.

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

Sharpe Ratios by Period

	QQI.TO	TQQQ.TO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.44	2.92	-4.36

Drawdowns

QQI.TO vs. TQQQ.TO - Drawdown Comparison

The maximum QQI.TO drawdown since its inception was -25.19%, smaller than the maximum TQQQ.TO drawdown of -38.15%. Use the drawdown chart below to compare losses from any high point for QQI.TO and TQQQ.TO.

Drawdown Indicators

	QQI.TO	TQQQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-25.19%	-38.15%	+12.96%
Current Drawdown Current decline from peak	-25.19%	0.00%	-25.19%
Average Drawdown Average peak-to-trough decline	-6.78%	-8.49%	+1.71%

Volatility

Volatility by Period

	QQI.TO	TQQQ.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	18.51%	47.83%	-29.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.51%	47.83%	-29.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.51%	47.83%	-29.32%

Dividends

QQI.TO vs. TQQQ.TO - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

QQI.TO and TQQQ.TO have a correlation of -0.86, 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 TQQQ.TO?

QQI.TO tracks NASDAQ-100 Index (-100%), while TQQQ.TO tracks Nasdaq-100 Index.