QQQX.TO vs. HQU.TO

Last updated Jun 5, 2026

QQQX.TO (Global X Nasdaq-100 Index ETF) and HQU.TO (BetaPro NASDAQ-100 2x Daily Bull ETF) are both Nasdaq-100 funds from Global X. Over the past year, QQQX.TO returned 43.14% vs 79.57% for HQU.TO. Their correlation of 0.90 suggests significant overlap in exposure.

Performance

QQQX.TO vs. HQU.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 BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQX.TO achieves a 22.62% return, which is significantly lower than HQU.TO's 40.64% return.

QQQX.TO

• 1D: -0.24%
• 1M: 11.24%
• YTD: 22.62%
• 6M: 19.00%
• 1Y: 43.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HQU.TO

• 1D: -0.47%
• 1M: 18.42%
• YTD: 40.64%
• 6M: 36.03%
• 1Y: 79.57%
• 3Y*: 46.76%
• 5Y*: 22.94%
• 10Y*: 33.24%

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

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

	2026 (YTD)	2025	2024
QQQX.TO Global X Nasdaq-100 Index ETF	22.62%	14.55%	20.80%
HQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	40.64%	26.77%	20.06%

Correlation

The correlation between QQQX.TO and HQU.TO is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since May 21, 2024	0.90

The correlation between QQQX.TO and HQU.TO has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQX.TO

QQQX.TO Risk / Return Rank: 77
QQQX.TO Sharpe Ratio Rank: 84
QQQX.TO Sortino Ratio Rank: 82
QQQX.TO Omega Ratio Rank: 81
QQQX.TO Calmar Ratio Rank: 72
QQQX.TO Martin Ratio Rank: 64

HQU.TO

HQU.TO Risk / Return Rank: 68
HQU.TO Sharpe Ratio Rank: 80
HQU.TO Sortino Ratio Rank: 68
HQU.TO Omega Ratio Rank: 67
HQU.TO Calmar Ratio Rank: 64
HQU.TO Martin Ratio Rank: 61

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.

QQQX.TO vs. HQU.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 BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.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.

	QQQX.TO	HQU.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.71	2.54	+0.16
Sortino ratio: Return per unit of downside risk	3.59	3.05	+0.54
Omega ratio: Gain probability vs. loss probability	1.47	1.40	+0.08
Calmar ratio: Return relative to maximum drawdown	3.56	3.13	+0.43
Martin ratio: Return relative to average drawdown	11.44	10.71	+0.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current QQQX.TO Sharpe Ratio is 2.71, which is comparable to the HQU.TO Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of QQQX.TO and HQU.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.

Sharpe Ratios by Period

	QQQX.TO	HQU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.71	2.54	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.43	0.06	+1.37

Drawdowns

QQQX.TO vs. HQU.TO - Drawdown Comparison

The maximum QQQX.TO drawdown since its inception was -22.62%, smaller than the maximum HQU.TO drawdown of -95.76%. Use the drawdown chart below to compare losses from any high point for QQQX.TO and HQU.TO.

Drawdown Indicators

	QQQX.TO	HQU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.62%	-95.76%	+73.14%
Max Drawdown (1Y) Largest decline over 1 year	-12.18%	-25.85%	+13.67%
Max Drawdown (3Y) Largest decline over 3 years	—	-43.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-64.83%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-64.83%	—
Current Drawdown Current decline from peak	-0.24%	-0.47%	+0.23%
Average Drawdown Average peak-to-trough decline	-3.95%	-55.28%	+51.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	7.54%	-3.76%

Volatility

QQQX.TO vs. HQU.TO - Volatility Comparison

The current volatility for Global X Nasdaq-100 Index ETF (QQQX.TO) is 4.72%, while BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) has a volatility of 9.23%. This indicates that QQQX.TO experiences smaller price fluctuations and is considered to be less risky than HQU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQX.TO	HQU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	9.23%	-4.51%
Volatility (6M) Calculated over the trailing 6-month period	11.94%	24.31%	-12.37%
Volatility (1Y) Calculated over the trailing 1-year period	16.01%	31.84%	-15.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.72%	44.89%	-24.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.72%	44.87%	-24.15%

Dividends

QQQX.TO vs. HQU.TO - Dividend Comparison

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

Position	TTM	2025	2024
HQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	0.00%	0.00%	0.00%
QQQX.TO Global X Nasdaq-100 Index ETF	0.29%	0.35%	0.14%

Frequently Asked Questions

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

With a correlation of 0.90, QQQX.TO and HQU.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.