QQU.TO vs. CNDU.TO

Last updated Apr 2, 2026

Compare and contrast key facts about BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) and BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO).

QQU.TO and CNDU.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQU.TO is an actively managed fund by Global X. It was launched on Jun 18, 2008. CNDU.TO is a passively managed fund by Horizons ETFs that tracks the performance of the S&P/TSX 60 Index. It was launched on Jan 8, 2007.

Performance

QQU.TO vs. CNDU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) and BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO). The values are adjusted to include any dividend payments, if applicable.

QQU.TO vs. CNDU.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	-11.89%	26.77%	40.01%	114.00%	-61.73%	52.20%	83.84%	80.24%	-11.03%	68.57%
CNDU.TO BetaPro S&P/TSX 60 2x Daily Bull ETF	5.22%	54.27%	34.82%	15.07%	-17.75%	59.15%	-4.99%	42.24%	-19.24%	15.76%

Returns By Period

In the year-to-date period, QQU.TO achieves a -11.89% return, which is significantly lower than CNDU.TO's 5.22% return. Over the past 10 years, QQU.TO has outperformed CNDU.TO with an annualized return of 27.04%, while CNDU.TO has yielded a comparatively lower 18.63% annualized return.

QQU.TO

• 1D: 1.69%
• 1M: -8.67%
• YTD: -11.89%
• 6M: -11.12%
• 1Y: 34.93%
• 3Y*: 33.38%
• 5Y*: 13.24%
• 10Y*: 27.04%

CNDU.TO

• 1D: 0.85%
• 1M: -7.39%
• YTD: 5.22%
• 6M: 14.81%
• 1Y: 58.02%
• 3Y*: 33.36%
• 5Y*: 22.06%
• 10Y*: 18.63%

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

QQU.TO vs. CNDU.TO - Expense Ratio Comparison

QQU.TO has a 1.46% expense ratio, which is higher than CNDU.TO's 1.15% expense ratio.

QQU.TO

BetaPro NASDAQ-100 2x Daily Bull ETF

CNDU.TO

BetaPro S&P/TSX 60 2x Daily Bull ETF

Return for Risk

QQU.TO vs. CNDU.TO — Risk / Return Rank

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

QQU.TO

QQU.TO Risk / Return Rank: 47
QQU.TO Sharpe Ratio Rank: 40
QQU.TO Sortino Ratio Rank: 49
QQU.TO Omega Ratio Rank: 48
QQU.TO Calmar Ratio Rank: 53
QQU.TO Martin Ratio Rank: 46

CNDU.TO

CNDU.TO Risk / Return Rank: 88
CNDU.TO Sharpe Ratio Rank: 89
CNDU.TO Sortino Ratio Rank: 86
CNDU.TO Omega Ratio Rank: 88
CNDU.TO Calmar Ratio Rank: 85
CNDU.TO Martin Ratio Rank: 90

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.

QQU.TO vs. CNDU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) and BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.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.

	QQU.TO	CNDU.TO	Difference
Sharpe ratio Return per unit of total volatility	0.78	2.01	-1.22
Sortino ratio Return per unit of downside risk	1.37	2.46	-1.09
Omega ratio Gain probability vs. loss probability	1.19	1.38	-0.19
Calmar ratio Return relative to maximum drawdown	1.44	2.88	-1.44
Martin ratio Return relative to average drawdown	4.63	13.04	-8.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQU.TO vs. CNDU.TO - Sharpe Ratio Comparison

The current QQU.TO Sharpe Ratio is 0.78, which is lower than the CNDU.TO Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of QQU.TO and CNDU.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QQU.TO	CNDU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	2.01	-1.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.87	-0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.62	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.27	+0.22

Correlation

The correlation between QQU.TO and CNDU.TO is 0.62, 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

QQU.TO vs. CNDU.TO - Dividend Comparison

Neither QQU.TO nor CNDU.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

QQU.TO vs. CNDU.TO - Drawdown Comparison

The maximum QQU.TO drawdown since its inception was -78.51%, roughly equal to the maximum CNDU.TO drawdown of -78.08%. Use the drawdown chart below to compare losses from any high point for QQU.TO and CNDU.TO.

Drawdown Indicators

	QQU.TO	CNDU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-78.51%	-78.08%	-0.43%
Max Drawdown (1Y) Largest decline over 1 year	-25.85%	-20.72%	-5.13%
Max Drawdown (5Y) Largest decline over 5 years	-64.83%	-32.60%	-32.23%
Max Drawdown (10Y) Largest decline over 10 years	-64.83%	-61.51%	-3.32%
Current Drawdown Current decline from peak	-19.09%	-7.39%	-11.70%
Average Drawdown Average peak-to-trough decline	-17.16%	-23.54%	+6.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.04%	4.57%	+3.47%

Volatility

QQU.TO vs. CNDU.TO - Volatility Comparison

BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) has a higher volatility of 13.58% compared to BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO) at 10.28%. This indicates that QQU.TO's price experiences larger fluctuations and is considered to be riskier than CNDU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQU.TO	CNDU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.58%	10.28%	+3.30%
Volatility (6M) Calculated over the trailing 6-month period	25.58%	19.83%	+5.75%
Volatility (1Y) Calculated over the trailing 1-year period	44.77%	29.05%	+15.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.87%	25.41%	+19.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.76%	30.06%	+14.70%