QQQX.TO vs. QQI.TO
QQQX.TO (Global X Nasdaq-100 Index ETF) and QQI.TO (BetaPro Nasdaq-100 Daily Inverse ETF) are both Nasdaq-100 funds from Global X - QQQX.TO tracks the Nasdaq-100 Index while QQI.TO tracks the NASDAQ-100 Index (-100%). Both are passively managed. At a correlation of -0.77, they often move in opposite directions. QQQX.TO charges 0.15%/yr vs 1.15%/yr for QQI.TO.
Performance
QQQX.TO vs. QQI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QQQX.TO achieves a 22.62% return, which is significantly higher than QQI.TO's -16.09% return.
QQQX.TO
- 1D
- -0.24%
- 1M
- 11.24%
- YTD
- 22.62%
- 6M
- 19.00%
- 1Y
- 43.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQI.TO
- 1D
- 0.50%
- 1M
- -7.99%
- YTD
- -16.09%
- 6M
- -15.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQX.TO vs. QQI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQQX.TO Global X Nasdaq-100 Index ETF | 22.62% | 1.26% |
QQI.TO BetaPro Nasdaq-100 Daily Inverse ETF | -16.09% | -3.15% |
Correlation
The correlation between QQQX.TO and QQI.TO is -0.77, 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 | -0.77 |
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Return for Risk
QQQX.TO vs. QQI.TO — Risk / Return Rank
QQQX.TO
QQI.TO
QQQX.TO vs. QQI.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 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.
| QQQX.TO | QQI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.47 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | — | — |
| Martin ratioReturn relative to average drawdown | 11.44 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQQX.TO | QQI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | -1.40 | +2.83 |
Drawdowns
QQQX.TO vs. QQI.TO - Drawdown Comparison
The maximum QQQX.TO drawdown since its inception was -22.62%, smaller than the maximum QQI.TO drawdown of -25.19%. Use the drawdown chart below to compare losses from any high point for QQQX.TO and QQI.TO.
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Drawdown Indicators
| QQQX.TO | QQI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.62% | -25.19% | +2.57% |
Max Drawdown (1Y)Largest decline over 1 year | -12.18% | — | — |
Current DrawdownCurrent decline from peak | -0.24% | -24.77% | +24.53% |
Average DrawdownAverage peak-to-trough decline | -3.95% | -6.98% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | — | — |
Volatility
QQQX.TO vs. QQI.TO - Volatility Comparison
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Volatility by Period
| QQQX.TO | QQI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.01% | 18.42% | -2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.72% | 18.42% | +2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 18.42% | +2.30% |
QQQX.TO vs. QQI.TO - Expense Ratio Comparison
QQQX.TO has a 0.15% expense ratio, which is lower than QQI.TO's 1.15% expense ratio.
Dividends
QQQX.TO vs. QQI.TO - Dividend Comparison
QQQX.TO's dividend yield for the trailing twelve months is around 0.29%, while QQI.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QQI.TO BetaPro Nasdaq-100 Daily Inverse ETF | 0.00% | 0.00% | 0.00% |
QQQX.TO Global X Nasdaq-100 Index ETF | 0.29% | 0.35% | 0.14% |
Frequently Asked Questions
QQQX.TO and QQI.TO have a correlation of -0.77, 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 1.15% for QQI.TO.
QQQX.TO tracks Nasdaq-100 Index, while QQI.TO tracks NASDAQ-100 Index (-100%). Their fees differ too: 0.15% for QQQX.TO and 1.15% for QQI.TO.
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