QQQL.TO vs. ETH-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) and Ethereum (ETH-USD).

QQQL.TO is a passively managed fund by Global X that tracks the performance of the NASDAQ-100 Index. It was launched on May 21, 2024.

Performance

QQQL.TO vs. ETH-USD - 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 Ethereum (ETH-USD). The values are adjusted to include any dividend payments, if applicable.

QQQL.TO vs. ETH-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQL.TO Global X Enhanced Nasdaq-100 Index ETF	-6.40%	16.16%	24.06%
ETH-USD Ethereum	-26.42%	-15.00%	-6.39%

Different Trading Currencies

QQQL.TO is traded in CAD, while ETH-USD is traded in USD. To make them comparable, the ETH-USD values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QQQL.TO achieves a -6.40% return, which is significantly higher than ETH-USD's -26.42% return.

QQQL.TO

• 1D: -1.82%
• 1M: -6.04%
• YTD: -6.40%
• 6M: -5.74%
• 1Y: 25.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETH-USD

• 1D: 2.33%
• 1M: 8.05%
• YTD: -26.42%
• 6M: -50.59%
• 1Y: 9.93%
• 3Y*: 7.31%
• 5Y*: 2.21%
• 10Y*: 69.68%

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

Return for Risk

QQQL.TO vs. ETH-USD — 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: 51
QQQL.TO Sharpe Ratio Rank: 49
QQQL.TO Sortino Ratio Rank: 54
QQQL.TO Omega Ratio Rank: 66
QQQL.TO Calmar Ratio Rank: 49
QQQL.TO Martin Ratio Rank: 38

ETH-USD

ETH-USD Risk / Return Rank: 79
ETH-USD Sharpe Ratio Rank: 85
ETH-USD Sortino Ratio Rank: 84
ETH-USD Omega Ratio Rank: 83
ETH-USD Calmar Ratio Rank: 72
ETH-USD Martin Ratio Rank: 68

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. ETH-USD - 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 Ethereum (ETH-USD). 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	ETH-USD	Difference
Sharpe ratio Return per unit of total volatility	0.94	0.13	+0.80
Sortino ratio Return per unit of downside risk	1.49	0.75	+0.74
Omega ratio Gain probability vs. loss probability	1.26	1.08	+0.17
Calmar ratio Return relative to maximum drawdown	1.37	-0.82	+2.19
Martin ratio Return relative to average drawdown	3.80	-1.42	+5.21
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. ETH-USD - Sharpe Ratio Comparison

The current QQQL.TO Sharpe Ratio is 0.94, which is higher than the ETH-USD Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of QQQL.TO and ETH-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QQQL.TO	ETH-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	0.13	+0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.03	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.81	-0.13

Correlation

The correlation between QQQL.TO and ETH-USD is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

QQQL.TO vs. ETH-USD - Drawdown Comparison

The maximum QQQL.TO drawdown since its inception was -27.82%, smaller than the maximum ETH-USD drawdown of -93.09%. Use the drawdown chart below to compare losses from any high point for QQQL.TO and ETH-USD.

Drawdown Indicators

	QQQL.TO	ETH-USD	Difference
Max Drawdown Largest peak-to-trough decline	-27.82%	-94.01%	+66.19%
Max Drawdown (1Y) Largest decline over 1 year	-13.76%	-62.26%	+48.50%
Max Drawdown (5Y) Largest decline over 5 years	—	-79.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-94.01%	—
Current Drawdown Current decline from peak	-12.23%	-55.38%	+43.15%
Average Drawdown Average peak-to-trough decline	-5.12%	-50.81%	+45.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.97%	36.32%	-31.35%

Volatility

QQQL.TO vs. ETH-USD - Volatility Comparison

The current volatility for Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) is 4.66%, while Ethereum (ETH-USD) has a volatility of 18.04%. This indicates that QQQL.TO experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQL.TO	ETH-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.66%	18.04%	-13.38%
Volatility (6M) Calculated over the trailing 6-month period	13.84%	51.88%	-38.04%
Volatility (1Y) Calculated over the trailing 1-year period	27.43%	61.96%	-34.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.82%	62.02%	-36.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.82%	78.40%	-52.58%