QQQL.TO vs. OOQB
QQQL.TO (Global X Enhanced Nasdaq-100 Index ETF) and OOQB (Volatility Shares One+One Nasdaq-100® and Bitcoin ETF) are both Nasdaq-100 funds. QQQL.TO is passively managed, while OOQB is actively managed. Over the past year, QQQL.TO returned 56.27% vs -24.84% for OOQB. At a 0.35 correlation, their price movements are largely independent. QQQL.TO charges 0.49%/yr vs 0.75%/yr for OOQB.
Performance
QQQL.TO vs. OOQB - Performance Comparison
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Different Trading Currencies
QQQL.TO is traded in CAD, while OOQB is traded in USD. To make them comparable, the OOQB 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 27.90% return, which is significantly higher than OOQB's -17.73% return.
QQQL.TO
- 1D
- 0.19%
- 1M
- 15.99%
- YTD
- 27.90%
- 6M
- 24.31%
- 1Y
- 56.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OOQB
- 1D
- -0.00%
- 1M
- 1.87%
- YTD
- -17.73%
- 6M
- -24.13%
- 1Y
- -24.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQL.TO vs. OOQB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQQL.TO Global X Enhanced Nasdaq-100 Index ETF | 27.90% | 13.14% |
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | -17.73% | -16.39% |
Correlation
The correlation between QQQL.TO and OOQB is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | 0.35 |
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Return for Risk
QQQL.TO vs. OOQB — Risk / Return Rank
QQQL.TO
OOQB
QQQL.TO vs. OOQB - 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 Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). 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 | OOQB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.99 | -0.49 | +3.49 |
Sortino ratioReturn per unit of downside risk | 3.96 | -0.42 | +4.39 |
Omega ratioGain probability vs. loss probability | 1.69 | 0.95 | +0.74 |
Calmar ratioReturn relative to maximum drawdown | 4.41 | -0.47 | +4.87 |
Martin ratioReturn relative to average drawdown | 11.65 | -0.82 | +12.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQQL.TO | OOQB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.99 | -0.49 | +3.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | -0.45 | +1.82 |
Drawdowns
QQQL.TO vs. OOQB - Drawdown Comparison
The maximum QQQL.TO drawdown since its inception was -27.82%, smaller than the maximum OOQB drawdown of -53.58%. Use the drawdown chart below to compare losses from any high point for QQQL.TO and OOQB.
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Drawdown Indicators
| QQQL.TO | OOQB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.82% | -53.58% | +25.76% |
Max Drawdown (1Y)Largest decline over 1 year | -12.69% | -53.58% | +40.89% |
Current DrawdownCurrent decline from peak | 0.00% | -44.11% | +44.11% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -23.77% | +18.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.80% | 30.51% | -25.71% |
Volatility
QQQL.TO vs. OOQB - Volatility Comparison
Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) has a higher volatility of 5.63% compared to Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) at 0.76%. This indicates that QQQL.TO's price experiences larger fluctuations and is considered to be riskier than OOQB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQL.TO | OOQB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 0.76% | +4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 13.85% | 39.52% | -25.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.89% | 50.82% | -31.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.74% | 57.13% | -31.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.74% | 57.13% | -31.39% |
QQQL.TO vs. OOQB - Expense Ratio Comparison
QQQL.TO has a 0.49% expense ratio, which is lower than OOQB's 0.75% expense ratio.
Dividends
QQQL.TO vs. OOQB - Dividend Comparison
QQQL.TO has not paid dividends to shareholders, while OOQB's dividend yield for the trailing twelve months is around 11.62%.
| Position | TTM | 2025 |
|---|---|---|
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | 11.62% | 9.53% |
QQQL.TO Global X Enhanced Nasdaq-100 Index ETF | 0.00% | 0.00% |
Frequently Asked Questions
QQQL.TO and OOQB have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
QQQL.TO is cheaper with a 0.49% expense ratio, compared with 0.75% for OOQB.
They also come from different issuers: Global X and Volatility Shares. Their fees differ too: 0.49% for QQQL.TO and 0.75% for OOQB.
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