QQQL.TO vs. QQI.TO

Last updated Jun 3, 2026

QQQL.TO (Global X Enhanced Nasdaq-100 Index ETF) and QQI.TO (BetaPro Nasdaq-100 Daily Inverse ETF) are both Nasdaq-100 funds from Global X - QQQL.TO tracks the NASDAQ-100 Index while QQI.TO tracks the NASDAQ-100 Index (-100%). Both are passively managed. At a correlation of -0.49, they often move in opposite directions. QQQL.TO charges 0.49%/yr vs 1.15%/yr for QQI.TO.

Performance

QQQL.TO vs. QQI.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 Nasdaq-100 Daily Inverse ETF (QQI.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 QQI.TO's -16.56% return.

QQQL.TO

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

QQI.TO

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

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

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

	2026 (YTD)	2025
QQQL.TO Global X Enhanced Nasdaq-100 Index ETF	27.90%	2.24%
QQI.TO BetaPro Nasdaq-100 Daily Inverse ETF	-16.56%	-3.15%

Correlation

The correlation between QQQL.TO and QQI.TO is -0.49, 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	-0.49

Return for Risk

QQQL.TO vs. QQI.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

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. QQI.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 Nasdaq-100 Daily Inverse ETF (QQI.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	QQI.TO	Difference
Sharpe ratio Return per unit of total volatility	2.99	—	—
Sortino ratio Return per unit of downside risk	3.96	—	—
Omega ratio Gain probability vs. loss probability	1.69	—	—
Calmar ratio Return relative to maximum drawdown	4.41	—	—
Martin ratio Return relative to average drawdown	11.65	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QQQL.TO	QQI.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.99	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	-1.44	+2.81

Drawdowns

QQQL.TO vs. QQI.TO - Drawdown Comparison

The maximum QQQL.TO drawdown since its inception was -27.82%, which is greater than QQI.TO's maximum drawdown of -25.19%. Use the drawdown chart below to compare losses from any high point for QQQL.TO and QQI.TO.

Drawdown Indicators

	QQQL.TO	QQI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.82%	-25.19%	-2.63%
Max Drawdown (1Y) Largest decline over 1 year	-12.69%	—	—
Current Drawdown Current decline from peak	0.00%	-25.19%	+25.19%
Average Drawdown Average peak-to-trough decline	-4.89%	-6.78%	+1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.80%	—	—

Volatility

Volatility by Period

	QQQL.TO	QQI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.89%	18.51%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.74%	18.51%	+7.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.74%	18.51%	+7.23%

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

QQQL.TO has a 0.49% expense ratio, which is lower than QQI.TO's 1.15% expense ratio.

Dividends

QQQL.TO vs. QQI.TO - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

QQQL.TO and QQI.TO have a correlation of -0.49, 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 QQI.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 QQI.TO?

QQQL.TO is cheaper with a 0.49% expense ratio, compared with 1.15% for QQI.TO.

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

QQQL.TO tracks NASDAQ-100 Index, while QQI.TO tracks NASDAQ-100 Index (-100%). Their fees differ too: 0.49% for QQQL.TO and 1.15% for QQI.TO.