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QQU.TO vs. NDQ.AX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QQU.TO vs. NDQ.AX

Last updated Apr 2, 2026

Compare and contrast key facts about BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) and BetaShares NASDAQ 100 ETF (NDQ.AX).

QQU.TO and NDQ.AX 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. NDQ.AX is a passively managed fund by BetaShares that tracks the performance of the NASDAQ-100 Index. It was launched on Jul 20, 2020.

Performance

QQU.TO vs. NDQ.AX - 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 BetaShares NASDAQ 100 ETF (NDQ.AX). The values are adjusted to include any dividend payments, if applicable.

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QQU.TO vs. NDQ.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
NDQ.AX
BetaShares NASDAQ 100 ETF		-4.81%15.41%36.49%49.94%-28.13%26.75%45.11%32.31%6.88%23.67%
Different Trading Currencies

QQU.TO is traded in CAD, while NDQ.AX is traded in AUD. To make them comparable, the NDQ.AX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QQU.TO achieves a -11.89% return, which is significantly lower than NDQ.AX's -4.81% return. Over the past 10 years, QQU.TO has outperformed NDQ.AX with an annualized return of 27.04%, while NDQ.AX has yielded a comparatively lower 19.37% 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%

NDQ.AX

1D
2.14%
1M
-2.06%
YTD
-4.81%
6M
-3.40%
1Y
21.27%
3Y*
24.15%
5Y*
15.10%
10Y*
19.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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BetaPro NASDAQ-100 2x Daily Bull ETF

BetaShares NASDAQ 100 ETF

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Often compared with NDQ.AX:
NDQ.AX vs. QQQNDQ.AX vs. IVVNDQ.AX vs. IOONDQ.AX vs. BTC-USDNDQ.AX vs. TQQQNDQ.AX vs. SCHGNDQ.AX vs. JPM

QQU.TO vs. NDQ.AX - Expense Ratio Comparison

QQU.TO has a 1.46% expense ratio, which is higher than NDQ.AX's 0.48% expense ratio.

QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF
NDQ.AX
BetaShares NASDAQ 100 ETF

Return for Risk

QQU.TO vs. NDQ.AX — 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: 4747
Overall Rank
QQU.TO Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
QQU.TO Sortino Ratio Rank: 4949
Sortino Ratio Rank
QQU.TO Omega Ratio Rank: 4848
Omega Ratio Rank
QQU.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
QQU.TO Martin Ratio Rank: 4646
Martin Ratio Rank
NDQ.AX
NDQ.AX Risk / Return Rank: 3333
Overall Rank
NDQ.AX Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
NDQ.AX Sortino Ratio Rank: 3636
Sortino Ratio Rank
NDQ.AX Omega Ratio Rank: 3535
Omega Ratio Rank
NDQ.AX Calmar Ratio Rank: 3333
Calmar Ratio Rank
NDQ.AX Martin Ratio Rank: 2828
Martin Ratio Rank
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. NDQ.AX - 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 BetaShares NASDAQ 100 ETF (NDQ.AX). 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.TONDQ.AXDifference

Sharpe ratio

Return per unit of total volatility

0.78

0.93

-0.15

Sortino ratio

Return per unit of downside risk

1.37

1.42

-0.05

Omega ratio

Gain probability vs. loss probability

1.19

1.21

-0.01

Calmar ratio

Return relative to maximum drawdown

1.44

1.60

-0.16

Martin ratio

Return relative to average drawdown

4.63

5.23

-0.60

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. NDQ.AX - Sharpe Ratio Comparison

The current QQU.TO Sharpe Ratio is 0.78, which is comparable to the NDQ.AX Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of QQU.TO and NDQ.AX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

QQU.TONDQ.AXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.78

0.93

-0.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.30

0.73

-0.44

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

0.95

-0.34

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.90

-0.41

Correlation

The correlation between QQU.TO and NDQ.AX is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QQU.TO vs. NDQ.AX - Dividend Comparison

QQU.TO has not paid dividends to shareholders, while NDQ.AX's dividend yield for the trailing twelve months is around 1.78%.

TTM2025202420232022202120202019201820172016
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NDQ.AX
BetaShares NASDAQ 100 ETF		1.78%1.67%1.86%2.17%3.36%3.33%2.47%2.22%0.52%0.45%0.43%

Drawdowns

QQU.TO vs. NDQ.AX - Drawdown Comparison

The maximum QQU.TO drawdown since its inception was -78.51%, which is greater than NDQ.AX's maximum drawdown of -31.86%. Use the drawdown chart below to compare losses from any high point for QQU.TO and NDQ.AX.

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Drawdown Indicators

QQU.TONDQ.AXDifference

Max Drawdown

Largest peak-to-trough decline

-78.51%

-30.79%

-47.72%

Max Drawdown (1Y)

Largest decline over 1 year

-25.85%

-15.17%

-10.68%

Max Drawdown (5Y)

Largest decline over 5 years

-64.83%

-30.79%

-34.04%

Max Drawdown (10Y)

Largest decline over 10 years

-64.83%

-30.79%

-34.04%

Current Drawdown

Current decline from peak

-19.09%

-13.16%

-5.93%

Average Drawdown

Average peak-to-trough decline

-17.16%

-5.90%

-11.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.04%

5.54%

+2.50%

Volatility

QQU.TO vs. NDQ.AX - Volatility Comparison

BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) has a higher volatility of 13.58% compared to BetaShares NASDAQ 100 ETF (NDQ.AX) at 6.37%. This indicates that QQU.TO's price experiences larger fluctuations and is considered to be riskier than NDQ.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQU.TONDQ.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.58%

6.37%

+7.21%

Volatility (6M)

Calculated over the trailing 6-month period

25.58%

11.89%

+13.69%

Volatility (1Y)

Calculated over the trailing 1-year period

44.77%

22.72%

+22.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

44.87%

20.52%

+24.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

44.76%

20.36%

+24.40%