QQQX.TO vs. HEQT.TO

Last updated Aug 1, 2026

QQQX.TO (Global X Nasdaq-100 Index ETF) and HEQT.TO (Global X All-Equity Asset Allocation ETF) are both exchange-traded funds - QQQX.TO is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while HEQT.TO is a Global Equities fund actively managed by Global X. QQQX.TO is passively managed, while HEQT.TO is actively managed. Over the past year, QQQX.TO returned 26.62% vs 27.88% for HEQT.TO. Their correlation of 0.81 means they have usually moved in the same direction. QQQX.TO charges 0.15%/yr vs 0.24%/yr for HEQT.TO.

Performance

QQQX.TO vs. HEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Nasdaq-100 Index ETF (QQQX.TO) and Global X All-Equity Asset Allocation ETF (HEQT.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with QQQX.TO having a 14.64% return and HEQT.TO slightly lower at 14.01%.

QQQX.TO

• 1D: 0.70%
• 1M: -7.11%
• 6M: 14.04%
• YTD: 14.64%
• 1Y: 26.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.94%

HEQT.TO

• 1D: 0.08%
• 1M: -1.89%
• 6M: 11.56%
• YTD: 14.01%
• 1Y: 27.88%
• 3Y*: 20.21%
• 5Y*: 12.25%
• 10Y*: —
• ALL TIME*: 14.72%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HEQT.TO Global X All-Equity Asset Allocation ETF	CA$118.97K	CA$166.70K	CA$187.80K
QQQX.TO Global X Nasdaq-100 Index ETF	CA$141.86K	CA$140.87K	CA$340.46K

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

	2026 (YTD)	2025	2024
QQQX.TO Global X Nasdaq-100 Index ETF	14.64%	14.55%	20.05%
HEQT.TO Global X All-Equity Asset Allocation ETF	14.01%	19.82%	11.11%

Correlation

The correlation between QQQX.TO and HEQT.TO is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (All Time) Calculated using the full available price history since May 17, 2024	0.81

The correlation between QQQX.TO and HEQT.TO has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

Return for Risk

QQQX.TO vs. HEQT.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QQQX.TO

QQQX.TO Risk / Return Rank: 50
QQQX.TO Sharpe Ratio Rank: 50
QQQX.TO Sortino Ratio Rank: 49
QQQX.TO Omega Ratio Rank: 48
QQQX.TO Calmar Ratio Rank: 54
QQQX.TO Martin Ratio Rank: 47

HEQT.TO

HEQT.TO Risk / Return Rank: 85
HEQT.TO Sharpe Ratio Rank: 86
HEQT.TO Sortino Ratio Rank: 85
HEQT.TO Omega Ratio Rank: 86
HEQT.TO Calmar Ratio Rank: 83
HEQT.TO Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQQX.TO vs. HEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq-100 Index ETF (QQQX.TO) and Global X All-Equity Asset Allocation ETF (HEQT.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QQQX.TO	HEQT.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.23	2.01	-0.78
Sortino ratio: Return per unit of downside risk	1.76	2.80	-1.05
Omega ratio: Gain probability vs. loss probability	1.22	1.37	-0.15
Calmar ratio: Return relative to maximum drawdown	1.94	3.10	-1.15
Martin ratio: Return relative to average drawdown	5.46	12.95	-7.49

QQQX.TO vs. HEQT.TO - Sharpe Ratio Comparison

The current QQQX.TO Sharpe Ratio is 1.23, which is lower than the HEQT.TO Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of QQQX.TO and HEQT.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.

Drawdowns

QQQX.TO vs. HEQT.TO - Drawdown Comparison

The maximum QQQX.TO drawdown since its inception was -22.62%, smaller than the maximum HEQT.TO drawdown of -31.82%. Use the drawdown chart below to compare losses from any high point for QQQX.TO and HEQT.TO.

Drawdown Indicators

	QQQX.TO	HEQT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.62%	-31.82%	+9.20%
Max Drawdown (1Y) Largest decline over 1 year	-12.18%	-8.49%	-3.69%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.33%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.89%	—
Current Drawdown Current decline from peak	-8.64%	-2.05%	-6.59%
Average Drawdown Average peak-to-trough decline	-3.99%	-5.10%	+1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.33%	2.03%	+2.30%

Volatility

QQQX.TO vs. HEQT.TO - Volatility Comparison

Global X Nasdaq-100 Index ETF (QQQX.TO) has a higher volatility of 7.15% compared to Global X All-Equity Asset Allocation ETF (HEQT.TO) at 3.85%. This indicates that QQQX.TO's price experiences larger fluctuations and is considered to be riskier than HEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQX.TO	HEQT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.15%	3.85%	+3.30%
Volatility (6M) Calculated over the trailing 6-month period	15.75%	10.92%	+4.83%
Volatility (1Y) Calculated over the trailing 1-year period	19.29%	13.07%	+6.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.42%	15.03%	+6.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.42%	16.83%	+4.59%

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

QQQX.TO has a 0.15% expense ratio, which is lower than HEQT.TO's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QQQX.TO vs. HEQT.TO - Dividend Comparison

QQQX.TO's dividend yield for the trailing twelve months is around 0.31%, less than HEQT.TO's 1.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HEQT.TO Global X All-Equity Asset Allocation ETF	1.51%	1.70%	1.67%	0.84%	0.03%	0.02%	1.40%	0.22%
QQQX.TO Global X Nasdaq-100 Index ETF	0.31%	0.35%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQX.TO and HEQT.TO in my portfolio?

QQQX.TO and HEQT.TO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQX.TO or HEQT.TO?

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.

Which ETF is cheaper, QQQX.TO or HEQT.TO?

QQQX.TO is cheaper with a 0.15% expense ratio, compared with 0.24% for HEQT.TO.

What is the main difference between QQQX.TO and HEQT.TO?

QQQX.TO is categorized as Nasdaq-100, while HEQT.TO is Global Equities. Their fees differ too: 0.15% for QQQX.TO and 0.24% for HEQT.TO.