QQQL.TO vs. CFOU.TO

Last updated Jun 3, 2026

QQQL.TO (Global X Enhanced Nasdaq-100 Index ETF) and CFOU.TO (BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF) are both exchange-traded funds - QQQL.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while CFOU.TO is a Leveraged Equities fund tracking the S&P/TSX Capped Financials Index. Both are passively managed. Over the past year, QQQL.TO returned 56.27% vs 92.42% for CFOU.TO. At a 0.33 correlation, their price movements are largely independent. QQQL.TO charges 0.49%/yr vs 1.52%/yr for CFOU.TO.

Performance

QQQL.TO vs. CFOU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) and BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQL.TO achieves a 27.90% return, which is significantly higher than CFOU.TO's 24.98% return.

QQQL.TO

• 1D: 0.19%
• 1M: 15.99%
• YTD: 27.90%
• 6M: 24.31%
• 1Y: 56.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CFOU.TO

• 1D: 3.31%
• 1M: 8.97%
• YTD: 24.98%
• 6M: 36.31%
• 1Y: 92.42%
• 3Y*: 57.98%
• 5Y*: 28.78%
• 10Y*: 23.08%

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

QQQL.TO vs. CFOU.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQL.TO Global X Enhanced Nasdaq-100 Index ETF	27.90%	16.16%	24.06%
CFOU.TO BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF	24.98%	69.17%	41.47%

Correlation

The correlation between QQQL.TO and CFOU.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since May 23, 2024	0.33

Return for Risk

QQQL.TO vs. CFOU.TO — Risk / Return Rank

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

QQQL.TO

QQQL.TO Risk / Return Rank: 83
QQQL.TO Sharpe Ratio Rank: 88
QQQL.TO Sortino Ratio Rank: 87
QQQL.TO Omega Ratio Rank: 94
QQQL.TO Calmar Ratio Rank: 82
QQQL.TO Martin Ratio Rank: 63

CFOU.TO

CFOU.TO Risk / Return Rank: 92
CFOU.TO Sharpe Ratio Rank: 94
CFOU.TO Sortino Ratio Rank: 92
CFOU.TO Omega Ratio Rank: 90
CFOU.TO Calmar Ratio Rank: 91
CFOU.TO Martin Ratio Rank: 92

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.

QQQL.TO vs. CFOU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) and BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.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.

	QQQL.TO	CFOU.TO	Difference
Sharpe ratio Return per unit of total volatility	2.99	3.77	-0.78
Sortino ratio Return per unit of downside risk	3.96	4.53	-0.57
Omega ratio Gain probability vs. loss probability	1.69	1.59	+0.10
Calmar ratio Return relative to maximum drawdown	4.41	5.79	-1.38
Martin ratio Return relative to average drawdown	11.65	23.74	-12.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQL.TO vs. CFOU.TO - Sharpe Ratio Comparison

The current QQQL.TO Sharpe Ratio is 2.99, which is comparable to the CFOU.TO Sharpe Ratio of 3.77. The chart below compares the historical Sharpe Ratios of QQQL.TO and CFOU.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQL.TO	CFOU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.99	3.77	-0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	0.34	+1.04

Drawdowns

QQQL.TO vs. CFOU.TO - Drawdown Comparison

The maximum QQQL.TO drawdown since its inception was -27.82%, smaller than the maximum CFOU.TO drawdown of -86.23%. Use the drawdown chart below to compare losses from any high point for QQQL.TO and CFOU.TO.

Drawdown Indicators

	QQQL.TO	CFOU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.82%	-86.23%	+58.41%
Max Drawdown (1Y) Largest decline over 1 year	-12.69%	-16.08%	+3.39%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-45.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-67.29%	—
Current Drawdown Current decline from peak	0.00%	-1.85%	+1.85%
Average Drawdown Average peak-to-trough decline	-4.89%	-22.47%	+17.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.80%	3.92%	+0.88%

Volatility

QQQL.TO vs. CFOU.TO - Volatility Comparison

The current volatility for Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) is 5.63%, while BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.TO) has a volatility of 8.37%. This indicates that QQQL.TO experiences smaller price fluctuations and is considered to be less risky than CFOU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQL.TO	CFOU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.63%	8.37%	-2.74%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	21.00%	-7.15%
Volatility (1Y) Calculated over the trailing 1-year period	18.89%	24.64%	-5.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.74%	27.56%	-1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.74%	33.85%	-8.11%

QQQL.TO vs. CFOU.TO - Expense Ratio Comparison

QQQL.TO has a 0.49% expense ratio, which is lower than CFOU.TO's 1.52% expense ratio.

Dividends

QQQL.TO vs. CFOU.TO - Dividend Comparison

Neither QQQL.TO nor CFOU.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QQQL.TO and CFOU.TO in my portfolio?

QQQL.TO and CFOU.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQL.TO or CFOU.TO?

On fees, QQQL.TO is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQL.TO or CFOU.TO?

QQQL.TO is cheaper with a 0.49% expense ratio, compared with 1.52% for CFOU.TO.

What is the main difference between QQQL.TO and CFOU.TO?

QQQL.TO is categorized as Nasdaq-100, while CFOU.TO is Leveraged Equities. QQQL.TO tracks NASDAQ-100 Index, while CFOU.TO tracks S&P/TSX Capped Financials Index. Their fees differ too: 0.49% for QQQL.TO and 1.52% for CFOU.TO.