PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
QQQL.TO vs. QQQX.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQL.TO vs. QQQX.TO

Last updated Jun 3, 2026

QQQL.TO (Global X Enhanced Nasdaq-100 Index ETF) and QQQX.TO (Global X Nasdaq-100 Index ETF) are both Nasdaq-100 funds from Global X - QQQL.TO tracks the NASDAQ-100 Index while QQQX.TO tracks the Nasdaq-100 Index. Both are passively managed. Over the past year, QQQL.TO returned 56.27% vs 44.56% for QQQX.TO. A 0.59 correlation means they provide meaningful diversification when combined. QQQL.TO charges 0.49%/yr vs 0.15%/yr for QQQX.TO.

Performance

QQQL.TO vs. QQQX.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 Global X Nasdaq-100 Index ETF (QQQX.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, QQQL.TO achieves a 27.90% return, which is significantly higher than QQQX.TO's 22.62% return.

QQQL.TO

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

QQQX.TO

1D
0.35%
1M
12.65%
YTD
22.62%
6M
18.97%
1Y
44.56%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024
QQQL.TO
Global X Enhanced Nasdaq-100 Index ETF		27.90%16.16%24.06%
QQQX.TO
Global X Nasdaq-100 Index ETF		22.62%14.55%18.85%

Correlation

The correlation between QQQL.TO and QQQX.TO is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.57

Correlation (All Time)
Calculated using the full available price history since May 23, 2024

0.59

The correlation between QQQL.TO and QQQX.TO has been stable across timeframes, ranging from 0.57 to 0.59 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Enhanced Nasdaq-100 Index ETF

Global X Nasdaq-100 Index ETF

Often compared with QQQL.TO:
QQQL.TO vs. OOQBQQQL.TO vs. QQQMQQQL.TO vs. GPIQQQQL.TO vs. SMHQQQL.TO vs. QQCL.TOQQQL.TO vs. HHIS.TOQQQL.TO vs. USSL.TO
Often compared with QQQX.TO:
QQQX.TO vs. QQCC.TOQQQX.TO vs. ZNQ.TOQQQX.TO vs. QQCE.TOQQQX.TO vs. QQCI.TOQQQX.TO vs. ENCC.TOQQQX.TO vs. GLCC.TOQQQX.TO vs. JEPQ.TO

Return for Risk

QQQL.TO vs. QQQX.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: 8383
Overall Rank
QQQL.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
QQQL.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
QQQL.TO Omega Ratio Rank: 9494
Omega Ratio Rank
QQQL.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
QQQL.TO Martin Ratio Rank: 6363
Martin Ratio Rank
QQQX.TO
QQQX.TO Risk / Return Rank: 7676
Overall Rank
QQQX.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
QQQX.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
QQQX.TO Omega Ratio Rank: 8080
Omega Ratio Rank
QQQX.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
QQQX.TO Martin Ratio Rank: 6464
Martin Ratio Rank
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. QQQX.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 Global X Nasdaq-100 Index ETF (QQQX.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.TOQQQX.TODifference

Sharpe ratio

Return per unit of total volatility

2.99

2.79

+0.20

Sortino ratio

Return per unit of downside risk

3.96

3.69

+0.27

Omega ratio

Gain probability vs. loss probability

1.69

1.49

+0.20

Calmar ratio

Return relative to maximum drawdown

4.41

3.70

+0.71

Martin ratio

Return relative to average drawdown

11.65

11.92

-0.28

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. QQQX.TO - Sharpe Ratio Comparison

The current QQQL.TO Sharpe Ratio is 2.99, which is comparable to the QQQX.TO Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of QQQL.TO and QQQX.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.

Loading charts...

Sharpe Ratios by Period

QQQL.TOQQQX.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.99

2.79

+0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

1.37

1.44

-0.06

Drawdowns

QQQL.TO vs. QQQX.TO - Drawdown Comparison

The maximum QQQL.TO drawdown since its inception was -27.82%, which is greater than QQQX.TO's maximum drawdown of -22.62%. Use the drawdown chart below to compare losses from any high point for QQQL.TO and QQQX.TO.

Loading charts...

Drawdown Indicators

QQQL.TOQQQX.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.82%

-22.62%

-5.20%

Max Drawdown (1Y)

Largest decline over 1 year

-12.69%

-12.18%

-0.51%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.89%

-3.97%

-0.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.80%

3.78%

+1.02%

Volatility

QQQL.TO vs. QQQX.TO - Volatility Comparison

Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) has a higher volatility of 5.63% compared to Global X Nasdaq-100 Index ETF (QQQX.TO) at 4.77%. This indicates that QQQL.TO's price experiences larger fluctuations and is considered to be riskier than QQQX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

QQQL.TOQQQX.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.63%

4.77%

+0.86%

Volatility (6M)

Calculated over the trailing 6-month period

13.85%

11.97%

+1.88%

Volatility (1Y)

Calculated over the trailing 1-year period

18.89%

16.02%

+2.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.74%

20.76%

+4.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.74%

20.76%

+4.98%

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

QQQL.TO has a 0.49% expense ratio, which is higher than QQQX.TO's 0.15% expense ratio.

Dividends

QQQL.TO vs. QQQX.TO - Dividend Comparison

QQQL.TO has not paid dividends to shareholders, while QQQX.TO's dividend yield for the trailing twelve months is around 0.29%.

PositionTTM20252024
QQQL.TO
Global X Enhanced Nasdaq-100 Index ETF		0.00%0.00%0.00%
QQQX.TO
Global X Nasdaq-100 Index ETF		0.29%0.35%0.14%

Frequently Asked Questions

QQQL.TO and QQQX.TO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, QQQX.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QQQX.TO is cheaper with a 0.15% expense ratio, compared with 0.49% for QQQL.TO.

QQQL.TO tracks NASDAQ-100 Index, while QQQX.TO tracks Nasdaq-100 Index. Their fees differ too: 0.49% for QQQL.TO and 0.15% for QQQX.TO.

Portfolio Optimizer

Find the right allocation for QQQL.TO and QQQX.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer