QQQL.TO vs. MNT.TO

Last updated Jun 3, 2026

QQQL.TO (Global X Enhanced Nasdaq-100 Index ETF) and MNT.TO (Royal Canadian Mint - Canadian Gold Reserves) are both exchange-traded funds - QQQL.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while MNT.TO is a fund fund. Over the past year, QQQL.TO returned 56.27% vs 30.08% for MNT.TO. At a 0.01 correlation, their price movements are largely independent.

Performance

QQQL.TO vs. MNT.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 Royal Canadian Mint - Canadian Gold Reserves (MNT.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 MNT.TO's -0.33% return.

QQQL.TO

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

MNT.TO

• 1D: -0.16%
• 1M: -3.63%
• YTD: -0.33%
• 6M: 0.62%
• 1Y: 30.08%
• 3Y*: 32.93%
• 5Y*: 21.46%
• 10Y*: 13.82%

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

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

	2026 (YTD)	2025	2024
QQQL.TO Global X Enhanced Nasdaq-100 Index ETF	27.90%	16.16%	24.06%
MNT.TO Royal Canadian Mint - Canadian Gold Reserves	-0.33%	61.23%	21.96%

Correlation

The correlation between QQQL.TO and MNT.TO is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (All Time) Calculated using the full available price history since May 23, 2024	0.01

Return for Risk

QQQL.TO vs. MNT.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

MNT.TO

MNT.TO Risk / Return Rank: 28
MNT.TO Sharpe Ratio Rank: 28
MNT.TO Sortino Ratio Rank: 27
MNT.TO Omega Ratio Rank: 31
MNT.TO Calmar Ratio Rank: 26
MNT.TO Martin Ratio Rank: 25

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. MNT.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 Royal Canadian Mint - Canadian Gold Reserves (MNT.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	MNT.TO	Difference
Sharpe ratio Return per unit of total volatility	2.99	1.00	+1.99
Sortino ratio Return per unit of downside risk	3.96	1.47	+2.50
Omega ratio Gain probability vs. loss probability	1.69	1.21	+0.48
Calmar ratio Return relative to maximum drawdown	4.41	1.31	+3.10
Martin ratio Return relative to average drawdown	11.65	3.49	+8.16
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. MNT.TO - Sharpe Ratio Comparison

The current QQQL.TO Sharpe Ratio is 2.99, which is higher than the MNT.TO Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of QQQL.TO and MNT.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	MNT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.99	1.00	+1.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.06	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	0.44	+0.94

Drawdowns

QQQL.TO vs. MNT.TO - Drawdown Comparison

The maximum QQQL.TO drawdown since its inception was -27.82%, smaller than the maximum MNT.TO drawdown of -34.79%. Use the drawdown chart below to compare losses from any high point for QQQL.TO and MNT.TO.

Drawdown Indicators

	QQQL.TO	MNT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.82%	-34.79%	+6.97%
Max Drawdown (1Y) Largest decline over 1 year	-12.69%	-25.01%	+12.32%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.01%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.58%	—
Current Drawdown Current decline from peak	0.00%	-20.57%	+20.57%
Average Drawdown Average peak-to-trough decline	-4.89%	-15.67%	+10.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.80%	9.37%	-4.57%

Volatility

QQQL.TO vs. MNT.TO - Volatility Comparison

Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) and Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) have volatilities of 5.63% and 5.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQL.TO	MNT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.63%	5.44%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	25.08%	-11.23%
Volatility (1Y) Calculated over the trailing 1-year period	18.89%	30.17%	-11.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.74%	20.31%	+5.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.74%	19.57%	+6.17%

Dividends

QQQL.TO vs. MNT.TO - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

QQQL.TO and MNT.TO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.