QQQL.TO vs. TQQQ.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) and BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO).

QQQL.TO and TQQQ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. TQQQ.TO is a passively managed fund by Global X that tracks the performance of the Nasdaq-100 Index. It was launched on Jun 16, 2025. Both QQQL.TO and TQQQ.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

QQQL.TO vs. TQQQ.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 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025
QQQL.TO Global X Enhanced Nasdaq-100 Index ETF	-6.40%	20.70%
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF	-21.77%	41.06%

Returns By Period

In the year-to-date period, QQQL.TO achieves a -6.40% return, which is significantly higher than TQQQ.TO's -21.77% return.

QQQL.TO

• 1D: -1.82%
• 1M: -6.04%
• YTD: -6.40%
• 6M: -4.71%
• 1Y: 25.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TQQQ.TO

• 1D: 10.02%
• 1M: -16.10%
• YTD: -21.77%
• 6M: -20.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

QQQL.TO

Global X Enhanced Nasdaq-100 Index ETF

Return for Risk

QQQL.TO vs. TQQQ.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: 55
QQQL.TO Sharpe Ratio Rank: 52
QQQL.TO Sortino Ratio Rank: 57
QQQL.TO Omega Ratio Rank: 70
QQQL.TO Calmar Ratio Rank: 54
QQQL.TO Martin Ratio Rank: 41

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. TQQQ.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 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.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	TQQQ.TO	Difference
Sharpe ratio Return per unit of total volatility	0.94	—	—
Sortino ratio Return per unit of downside risk	1.49	—	—
Omega ratio Gain probability vs. loss probability	1.26	—	—
Calmar ratio Return relative to maximum drawdown	1.37	—	—
Martin ratio Return relative to average drawdown	3.80	—	—
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	TQQQ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.29	+0.40

Correlation

The correlation between QQQL.TO and TQQQ.TO is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

QQQL.TO vs. TQQQ.TO - Dividend Comparison

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

Tickers have no history of dividend payments

Drawdowns

QQQL.TO vs. TQQQ.TO - Drawdown Comparison

The maximum QQQL.TO drawdown since its inception was -27.82%, smaller than the maximum TQQQ.TO drawdown of -38.15%. Use the drawdown chart below to compare losses from any high point for QQQL.TO and TQQQ.TO.

Drawdown Indicators

	QQQL.TO	TQQQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.82%	-38.15%	+10.33%
Max Drawdown (1Y) Largest decline over 1 year	-13.76%	—	—
Current Drawdown Current decline from peak	-12.23%	-31.96%	+19.73%
Average Drawdown Average peak-to-trough decline	-5.12%	-8.95%	+3.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.97%	—	—

Volatility

Volatility by Period

	QQQL.TO	TQQQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.43%	47.10%	-19.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.82%	47.10%	-21.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.82%	47.10%	-21.28%